What is credit rate percentage under mortgage certificate? More than 9 and less than 50 something.

tammydc1 · ‎April 10, 2025

DaveF1006 · ‎April 10, 2025

The credit rate percentage under a Mortgage Credit Certificate (MCC) typically falls between 10% and 50% of the qualified mortgage interest paid2. This percentage is determined by the issuing government agency and is used to calculate the mortgage interest credit, which can help reduce a homeowner’s tax liability.

If you’re looking for your specific credit rate, it should be listed on the MCC you received when purchasing your home

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What is credit rate percentage under mortgage certificate? More than 9 and less than 50 something.