• 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.

    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