MCC 4-1-1 for Participating Lenders
CAN STANDALONE MCCs BE RESERVED WITH NEVADA RURAL HOUSING AUTHORITY? YES!
Reserve MCCs in eHousing as a standalone or combined with a HAL Down Payment Assistance loan.
Note: The MCC cannot be paired with the Nevada Housing Division’s tax-exempt bond programs. The MCC can be paired with the Nevada Housing Division’s Home is Possible for Teachers or Heroes loans if the property is located in an eligible rural area – visit HALmap.org to confirm eligibility.
Post-closing: The MCC Compliance File will be uploaded to eHP Digital Docs just as you currently do for the Home At Last™ Program.
View the current MCC guidelines published on the eHousing website for the Nevada Rural Housing Authority’s HAL programs. After clicking the link above, the page will display tabs next to the Home At Last logo – click on the guidelines tab, then choose MCC Guidelines to open a PDF version of the most current guidelines.
MCC INCOME AND PURCHASE PRICE LIMITS
Click on the link above to view the current MCC income limits and purchase price limits by county. The limits are updated annually in the springtime, please note the effective date of the limits.
REFINANCING? Do you need to have an existing MCC reissued?
All MCC reissuance applications are submitted directly to:
Nevada Rural Housing Authority
Attn: Home At Last
3695 Desatoya Drive
Carson City, NV 89701
MCCs must be reissued after refinancing in order for the Borrower to continue claiming the annual Federal Tax Credit. There is no limit to the number of times a Borrower may refinance, but the MCC benefit can never increase from the original MCC issued at the time the home is purchased.
The MCC Reissuance Application is provided in the link below – please be sure to submit all required documents (listed on the second page) with the application. The Borrower or lender may complete MCC Reissuance Application. There is a $395 MCC administrative fee paid by the Borrower to Nevada Rural Housing Authority at the time the application is submitted to Nevada Rural Housing Authority. For questions or assistance, please contact us at MCC@NVRural.org.
Want to Become an Approved Lender? Sign Up Below!
Use the links below to complete and submit the Lender agreement. Upon acceptance, typically the same day, a Home At Last™ Specialist will contact you to schedule any necessary program training so you can begin offering the MCC program to your homebuyers. We look forward to welcoming you to the Home At Last™ team!