Mortgage Credit Certificate

The Mortgage Credit Certificate Program was authorized by Congress in the 1984 Tax Reform Act as a means of providing housing assistance to families of low and moderate income.  The Hawaii Housing Finance and Development Corporation (HHFDC) is an Issuer of Mortgage Credit Certificates.

A 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 assist you with house payments.



Due to high demand, MCC funding for non-targeted areas has been exhausted. 

Applications for non-targeted areas are no longer being accepted for the rest of the calendar year.

Applications for targeted areas are still being accepted.

Please check back periodically on this MCC web page as any additional  program updates will appear here as necessary. 


Frequently Asked Questions about MCC (and answers) (Updated 05.31.2022)

If you do not see an answer to your question below, please email the MCC program at

Where can I get a MCC?

You are free to seek financing from any of the participating lenders listed below.

Participating Lenders:

• Academy Mortgage Corporation

• American Pacific Mortgage

• American Savings Bank

• Bank of Hawaii

• Caliber Home Loans, Inc.

• Castle & Cooke Mortgage, LLC

• Central Pacific Bank

• CMG Mortgage, Inc.

• Compass Home Loans, LLC

• DHI Mortgage Company Ltd.

• Fairway Independent Mortgage Corporation

• First Hawaiian Bank

• Guaranteed Rate, Inc.

• Guild Mortgage Company LLC

• Hawaii State Federal Credit Union

• Hawaii USA Federal Credit Union

• HomeBridge Financial Services, Inc.

• House of Finance, Inc.

•, LLC

• Mann Mortgage, LLC

• Mid America Mortgage, Inc.

• MLD Mortgage Inc.

• Movement Mortgage, LLC

• Mutual of Omaha Mortgage, Inc.

• Paramount Residential Mortgage Group, Inc.

• Plaza Home Mortgage, Inc.

• Primary Residential Mortgage, Inc.

• PrimeLending, a Plains Capital Company

• RoundPoint Mortgage Servicing Corporation

• Security National Mortgage Company Inc.

• Siwell, Inc.

• Territorial Savings Bank


I was issued a Mortgage Credit Certificate. Is it affected by the sale of my mortgage to another lender?

Your mortgage lender may sell your loan to another lender during the term of the loan and, at times, may only sell the servicing of your loan to another lender or business. This does not have an effect on your MCC for tax purposes although your certificate reflects the original lender’s name and not the new lender. HHFDC will not update the MCC. Please retain your original mortgage note and any communication from your lender related to a sale of the loan or servicing and present it to your tax preparer if they have any questions about the lender listed on your certificate.


When will the information on my Mortgage Credit Certificate be updated?

Your MCC will only change when it is reissued due to refinancing of the first mortgage. You must notify your mortgage lender when applying for a refinance that you have an existing MCC and that you need to submit a Reissuance Request to HHFDC. Remember, you can only refinance with a MCC participating lender. Always refer to our website to see if your lender is an MCC participant, as the list can change annually.