The Mortgage Credit Certificate is a Federal Tax Credit program for 1st-Time Home Buyers in Colorado. This Certificate provides a continuing tax deduction for mortgage interest paid.

• This 20% “Dollar for Dollar” deduction is IN ADDITION to the normal itemized 
  interest deduction rate for the remaining 80% of your mortgage interest. Click Here and scroll down to the Refund section of the 1040 example to see how much additional refund the sample homeowner would be receiving. 
   
• This Tax Credit will continue as long as the home remains your primary residence. You must owe Federal Tax to take the deduction. However, you can carry the Tax Credit forward for up to three years. 

Who can qualify?

• 1^st-Time Home Buyers who meet the income and home purchase price limits and meet the requirements of the mortgage loan

Call an AirAcademy FCU Mortgage Loan Officer
for more details. 719-264-1207