NOW YOU CAN BUY A HOME AND GET A KHC TAX CREDIT SAVINGS FOR THE LIFE OF YOU LOAN USING

KHC’S HOMEOWNER TAX CREDIT

TAX CREDIT SAVINGS EVERY YEAR FOR THE LIFE OF YOU LOAN

KHC’s Homebuyer Tax Credit Mortgage Credit Certificate (MCC)

 A Tax Credit of 25% mortgage interest paid over a year

 Up to $2000 per year Life of the Loan

 Carry forward any unused credit for up to 3 years

 First mortgage qualification with proposed credit per agency guidelines

 $200 fee if through KHC’s Secondary Market

 DAP, Seller or Borrower can pay this fee

 $500 fee if through any other investor’s 30 year fixed mortgage Claiming the Tax Credit

 Borrowers claim the credit with their annual Federal Tax Return by using Form 8396.

 The borrower may also adjust their withholding (Form W-4) to reflect the anticipated credit, thus increasing their take home pay

Learn more about KHC TAX CREDIT SAVINGS FOR THE LIFE OF YOU LOAN

and buying your first home or next home ( conditions apply)

Borrower Eligibility When you think KHC’s Homebuyer Tax Credit…Think MRB Guidelines

 Borrower (s) must meet Mortgage Revenue Bond (MRB) requirements:

 First-time homebuyer in non-targeted counties or all homebuyers in targeted counties

 Maximum purchase price of $255,500

 Must be borrower’s primary residence

 Gross Annual Household income must be under the MRB/MCC compliance income limit for county and household size