Finance
Iowa's Iowa Finance Authority (IFA) Mortgage Credit Certificate (MCC) program is available to:
AAll Iowa homebuyers regardless of income or location
BQualifying first-time Iowa homebuyers who meet income and purchase price limits set by the IFA✓ Correct
COnly Iowa Veterans purchasing farms
DInvestors purchasing residential rental properties
Explanation
Iowa's MCC program is targeted at first-time homebuyers (or those who have not owned a home in 3 years) who meet income and purchase price limits set by the Iowa Finance Authority. The MCC provides a federal tax credit for a portion of annual mortgage interest.
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