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2016 Tax Planning! Buy A Home in Texas!
My First Texas Home
is a Taxable Mortgage Program (TMP Program 79) offering mortgage loans at more competitive, fixed, low interest annual percentage rates with down payment assistance for first time homebuyers.
A Mortgage Credit Certificate allows the homebuyer to claim a tax credit for some portion of the mortgage interest paid per year. It is a dollar for dollar reduction against their federal tax liability. Note: The Mortgage Interest Credit (MCC) is a non-refundable tax credit, therefore, the Homebuyer MUST have tax liability in order to take advantage of the tax credit. Contact: Main Phone: (512) 475-2120 Toll Free: (800) 792-1119