Finance
The Maryland HomeCredit program offers qualifying first-time buyers a:
ADirect down payment grant
BMortgage Credit Certificate (MCC) providing a federal tax credit on a portion of annual mortgage interest paid✓ Correct
CProperty tax exemption for 5 years
DReduced recordation tax rate
Explanation
The Maryland HomeCredit program issues Mortgage Credit Certificates, allowing first-time buyers to claim a federal tax credit for a percentage of annual mortgage interest paid.
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