First time home buyers in Wisconsin may be eligible for the WHEDA Tax Advantage, a Mortgage Credit Certificate (MCC) Program.  The program provides a special tax credit to qualified borrowers, which reduces their federal income tax liability over the entire life of the mortgage.

This program is available to borrowers through financing from a WHEDA approved mortgage lender, such as myself.

FEATURES

• Annual tax credit is 25% or 40% of annual interest paid for target areas or veterans
• Max annual tax credit up to $2,000 for life of the mortgage
• Available to WHEDA borrowers and non-WHEDA borrowers

BORROWER ELIGIBILITY

• Available to first-time* home buyers and the following exceptions:
  • Borrowers in a Targeted Area
  • Veterans
• Purchase price less than $250,000
• Income Limits

*First-time home buyers are defined as not having owned a home in the last 3 years.

PROPERTY ELIGIBILITY

• 1-2 family primary residence
• 2 units must be more than 5 years old
• Condominiums

Contact me for more information!