Mortgage Credit Certificate (MCC)

MCC Reissuance Application

If you’re looking for information on Federal Recapture Tax, please go here and click on Recpature Tax.

MCC Reissuance Information (required after refinancing only)

MCC Reissuance Application

Mortgage Credit Certificates (MCC) must be reissued after refinancing in order for the Borrower to continue claiming the annual Federal Tax Credit. Nevada Rural Housing does not limit 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. Please refer to IRS Form 8396 for specific instructions and information.

What documents must be submitted with the MCC Reissuance Application?

Copies of the following documents are required to be submitted to Nevada Rural Housing with the completed MCC Reissuance Application (refer to page 2 of the application):

• Existing MCC (contact us at MCC@NVRural.org if you can’t locate a copy of your existing MCC)
• Payoff Statement for the previous loan that was just refinanced
• Final Closing Disclosure for the new loan (obtained from the lender prior to closing)
• Final Settlement Statement for the new loan (obtained from the title/escrow company/settlement agent after closing)
• A check in the amount of $395 payable to Nevada Rural Housing Authority. This is the fee for processing the MCC Reissuance Application and issuing the new MCC. Note: The $395 fee may be paid by personal check or money order from the Borrower, or the lender may charge the MCC Reissuance Fee with other closing costs associated with the new loan and the title/escrow company/settlement agent can issue a check or wire the funds to Nevada Rural Housing Authority after closing. For wiring instructions, please email HAL@NVRural.org.

Where do I mail the MCC Reissuance Application?

Nevada Rural Housing
Attn: Homeownership Programs
3695 Desatoya Drive
Carson City, NV 89701

Does the Borrower or the Lender submit the MCC Reissuance Application to Nevada Rural Housing?
The Borrower or the Lender may submit the MCC Reissuance Application to Nevada Rural Housing. The Borrower is required to complete and sign the Application.

Have questions? Email us.