This is My Spot!

Jorge Reyes, TDHCA

Andrea P., Leander
Texas Mortgage Credit Program
Photo: Jorge Reyes

People buy a house for many reasons. Some are tired of paying rent. Others are upgrading to a bigger home. Chances are the main reason people buy a house is the same reason Andrea P. bought hers. “It was solely for my kids. Don’t get me wrong, I completely enjoy it and I appreciate it but it was definitely for them. It’s something I can someday pass to them.”

Andrea tapped into the TDHCA’s Mortgage Credit Certificate Program (MCC) to help her purchase a three bedroom house for her three kids and herself in Leander. “I had been looking since August of 2009 and wanted to make sure I just didn’t jump into anything. It’s been quite a process. I’ve looked at many, many homes. I really appreciate this program. It’s an extra incentive to pay off my home.” An MCC allows the homebuyer to claim a tax credit for some portion of the mortgage interest paid per year. It is a dollar for dollar reduction against their federal tax liability.

So now that Andrea and her kids have a new home close to a good school all she has to do is get used to being a homeowner. “It’s kind of surreal owing a home. It didn’t really hit me until after a week I was in the home and I was at the grocery store and I was like, ‘Oh my God, this is my new grocery store! This is my spot!’”

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Mortgage Credit Certificate