Homeowners could potentially get several tax breaks, which could help make a home more affordable if you’re looking into how to get a loan. Depending on whether you itemize or if the home is your primary residence, you may be entitled to the following tax benefits: A deduction on mortgage interest paid on loans up to $750,000 A deduction of mortgage insurance premiums paid A deduction for points paid when obtaining your home loan A deduction for up to $10,000 in real estate taxes Favorable tax treatment on profits from home sales, including the ability to exclude up to $500,000 in gains (for married joint filers) or $250,000 in gains for married separate filers A deduction for home office expenses Tax credits for certain energy-efficient improvements Specific criteria must be met to claim many of these deductions and credits, so it's best to check with a tax professional.