- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
No, if you are using the property as a rental property you cannot use the MCC. To qualify for the credit you must meet income and purchase price restrictions, and the home must be used as your primary residence.
See also page 4 of the attached FDIC guidance which states under the Occupancy Section "Borrowers must use the home as their principal/primary residence."
Mortgage Tax Credit Certificate
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 27, 2023
12:23 PM