Montana Bond Advantage Down Payment Assistance Program
Montana Board of Housing offers Bond Advantage Down Payment Assistance Program to home buyers in Montana: up to 5% of the price, at most $15,000, as a repayable loan.
- Amount
- Up to 5% of the price, at most $15,000
- Kind of help
- Repayable loan
- First-time buyers only
- No
- Credit score
- 620 or higher
How is Montana Bond Advantage Down Payment Assistance Program paid back?
Repayable loan: repaid monthly over 15 years at the same fixed rate as your main home loan.
A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.
Who qualifies for Montana Bond Advantage Down Payment Assistance Program?
- You don't have to be a first-time buyer.
- A credit score of 620 or higher.
- A homebuyer education course before you buy.
- It comes with a Montana Board of Housing 30-year fixed-rate first mortgage.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Montana Bond Advantage Down Payment Assistance Program
- Montana Board of Housing pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Montana Board of Housing's page for Bond Advantage Down Payment Assistance Program.
Ask a lender about Montana Bond Advantage Down Payment Assistance Program
Tell us where you're buying and a lender that works with Montana's programs can tell you whether Montana Bond Advantage Down Payment Assistance Program fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Montana
- Montana MBOH Plus 0% Deferred Down Payment Assistance Program: up to 5% of the price, at most $15,000, deferred loan.
All Montana first-time home buyer programs · Down payment assistance in every state