Hawaii MCC Grant

The Hawaii MCC Grant (Mortgage Credit Certificate) is available to First-Time Home Buyers and can make the difference in qualifying or not qualifying for a loan.

You may qualify as a First-Time Home buyer if you have not owned a property in the most recent three years.

Hawaii MCC Grant

What is MCC?
The Mortgage Credit Certificate (MCC) reduces the amount of federal income tax you pay, thus giving you more available income to qualify for a mortgage loan and assisting you with house payments, making it ideal for Hawaii’s First-Time Home Buyers.

How MCC can benefit you
20% of your annual mortgage interest will be a direct federal tax credit*, resulting in a dollar-for-dollar reduction of your annual federal income tax liability. The remaining 80% of your annual mortgage interest will continue to qualify as an itemized tax deduction.

*20% of your annual mortgage interest will be considered as income for qualifying!

Some restrictions apply

*Updated September 10, 2018

Effective September 10, 2018 until further notice, the Hawaii Housing Finance and Development Corporation has announced that the Mortgage Credit Certificate program is only available for home purchases located in Targeted Areas.

The current MCC program Target Areas are limited to:

Ala Moana – Kakaako, Oahu
Downtown, Oahu
Hickam Air Force Base, Oahu
Kakaako – Downtown, Oahu
Kalihi – Palama, Oahu
Kalihi Valley, Oahu
Makaha – Waianae, Oahu
Schofield Barracks, Oahu
Waikiki, Oahu

If you are looking to purchase a home with a MCC grant we can help you confirm if you are purchasing in an eligible area, speak with one of our loan experts today by calling 808-891-0415.

See table below for the maximum income and purchase price allowed for your county.

Income limits by County

County Families of 2 or less Families of 3 or more
Honolulu $120,600 $140,700
Maui $96,600 $112,700
Kauai $98,880 $115,360
Hawaii – Big Island $82,400 $94,760

Purchase price limits by County

Honolulu $679,879
Maui $620,241
Kauai $672,289
Hawaii – Big Island $346,987
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Contact Us

Tel: (808) 891-0415
Toll Free: (866) 389-2778
2395 S Kihei Rd #205
Kihei, HI 96753
Hours: M-F 8am to 5pm Hawaii Time

Hawaii MCC Grant