Lyon County – Home Tax Credits Programs
The MCC – Mortgage Credit Certificate Program is available to the residents of Lyon County. The MCC program gives federal income tax credits for the entire duration of your home ownership. Realize up to a 30% credit on income taxes every year you own the home purchased with this program and is offered through the State of Nevada.
Benefits -Lyon County Mortgage Credit Certificate (MCC)
- Available for all qualifying Lyon County residents and also for residents in the entire State of Nevada.
- MCC program requires a fee of $795 to be paid along with a lender application fee of $300.
- Annual rebates up to $2,000 with a Federal Income Tax credit of up to 30% of the interest you’ve paid on your mortgage loan.
- The tax credit you receive will vary per year based on the amount of interest paid.
- Veteran’s can waive the MCC fee with an exception of paying the $300 lender application fee.
- Combine your Mortgage Credit Certificate (MCC) with the Lyon County Home Is Possible program to receive a $400 discount.
- You will be able to claim a standard tax deduction on any of the remaining interest of your loan.
Requirements -Lyon County Mortgage Credit Certificate (MCC)
- You’re a first-time home buyer or have not owned a home in the last 3 years.
- You are a qualified veteran and plan to live in the home as your primary residence.
- Household meets the requirements for a Conventional, USDA RD (United Stated Department of Agriculture – Rural Development), FHA (Federal Housing Administration) or VA (Veterans Administration) loans.
- You are a first-time home buyer or have not owned a home in the last 3 years.
- Your household meets the limits for income and home purchase amounts for the area.
- Maximum purchase price – $248,098
- Maximum income limit for households with 2 or fewer persons – $62,900
- Maximum income limit for households with 3 or more persons – $72,335
Get Started! Complete the form below to see if you qualify for this program.
Lyon County Home Buyer Programs