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Montana MBOH Plus 0% Deferred Down Payment Assistance Program

Montana Board of Housing offers MBOH Plus 0% Deferred Down Payment Assistance Program to home buyers in Montana: as much as 5% of the price, with $15,000 as the cap, as a deferred loan.

Amount
As much as 5% of the price, with $15,000 as the cap
Help type
Loan with deferred repayment
Open only to first-time buyers
No
Your credit score
At least 620

This is a deferred loan: a 0% loan with nothing to pay each month. Repay it when you sell, refinance, give someone else the home or fully pay your main home loan off

A deferred loan has no monthly cost. The full balance comes due once you sell or refinance the home or finish paying the first mortgage.

Montana MBOH Plus 0% Deferred Down Payment Assistance Program: who can get it?

  • Income limits are $80,000 for a household of 1-2 and $90,000 for a household of 3 or more.
  • Being a first-time buyer isn't required.
  • Your credit score must reach 620 or more.
  • You must take a homebuyer education course before buying.
  • You get this assistance alongside a Montana Board of Housing 30-year first mortgage at a fixed rate.

Your county and household size set most of the limits. Use our HUD income limits tool to see the median income for your area and where your household falls.

Applying for the Montana MBOH Plus 0% Deferred Down Payment Assistance Program

  1. One approved lender takes your home loan and this help request, and Montana Board of Housing pays through that lender
  2. The lender reviews credit, the home and your income under the program's rules, then sets money aside for you
  3. At closing, this help goes toward your down payment and your closing costs

See full rules and application status: Montana Board of Housing's page for MBOH Plus 0% Deferred Down Payment Assistance Program

Talk to a lender about the Montana MBOH Plus 0% Deferred Down Payment Assistance Program

Tell us where you're buying and a lender that works with Montana's programs can tell you whether Montana MBOH Plus 0% Deferred Down Payment Assistance Program fits you, and what you could combine with it.

Call 866-602-7460

Don't feel like calling? Share your information, and the lender will get in touch with you.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

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