Determine Your Eligibility Here

Lakewood CO Denver CO Home Buyer Tax Credit

 All Veteran home buyers are eligible to apply for the Colorado Home Buyer Tax Credit, which will give you a dollar-for-dollar reduction of your tax liability at the end of the year. We see an average of over $100/month off our Veteran’s mortgage interest through the tax credit. This is a way to save substantially on your Colorado VA Loan.

The discount is not a monthly reduction of your mortgage interest, but a tax credit that you claim each year when you file your taxes.

I want the tax credit, how do I qualify?

Qualifying is easy, there’s just one simple form to fill out, then we will handle the rest of the paperwork. Here are some details on how you can qualify:

  • 620 minimum credit score
  • Primary residence only
  • Must fall under county income levels – call us for current limits!
  • You can claim the tax credit for every year you live in the home for the life of the loan
  • Credit can be rolled forward and claimed up to 3 years
  • Non-veteran first time home buyers also can qualify
  • $450 additional fees for this program
  • Must take state-approved home buyer education class

MCC Rates:

Loan AmountMCC%(% of mortgage interests)Limit
$150,001 and up 20% No Limit
$100,001-$150,000 30% $2000
$100,000 or less 50% $2000