Annual $2,000 Tax Credit Available for First Time Buyers!

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!

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