Advocating for and pursuing affordable housing opportunities for the maximum number of low-income individuals and families in Arlington.

Housing :: Homeownership Programs :: Mortgage Credit Certificate

There are other homebuyer assistance programs available that are not managed by the Arlington Housing  Authority, such as:

Mortgage Credit Certificate Program

A Mortgage Credit Certificate (MCC) Program is a federal income tax credit designed to assist persons to become homeowners. With an MCC, the qualified homebuyer is eligible to write off a portion of the annual interest paid on the mortgage as a special tax credit, not to exceed $2,000. An MCC is a true “tax credit” that entitles taxpayers to subtract the amount of the credit from their total federal income tax liability.  The Arlington Housing Finance Corporation no longer administers a MCC program, but it is available through the State of Texas.

Click HERE for more details.

Criteria for Eligibility:

  • Homebuyer’s household income and the purchase price must not exceed the program’s maximum limits
  • Homebuyer could not have owned a home in the last three years as their primary residence unless purchasing a home in the Target Area or is a Qualified Veteran
  • Homebuyer must apply for the MCC through a participating lender and pay a non-refundable MCC application fee
  • Homebuyer must qualify for a mortgage
  • Homebuyer must attend a HUD approved homeownership counseling course
  • Homebuyer must purchase a home in the State of Texas
  • Homebuyer must occupy the home as their principal residence

Veterans Housing Assistance Program

In 1983, the Texas Legislature created the Veterans Land Board (VLB) Veterans Housing Assistance Program (VHAP), to aid Texas Veterans in purchasing a home. Eligible Texas Veterans have an opportunity to purchase a home with a competitive, low-interest loan with little or no down-payment. Veterans, military members and their spouses may receive up to $417,000 on a fixed-rate loan for 15, 20, 25 or 30 year terms*. Veterans with a VA service-connected disability rating of 30% or greater qualify for a discounted interest rate. The Housing Authority does not operate this program. Click here for more information about the VHAP.