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: up to 5% of the price, at most $15,000, as a deferred loan.
- Amount
- Up to 5% of the price, at most $15,000
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Credit score
- 620 or higher
How is Montana MBOH Plus 0% Deferred Down Payment Assistance Program paid back?
Deferred loan: 0% loan with no monthly payments. You repay it when you sell, refinance, give the home to someone else or pay off your main home loan.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Montana MBOH Plus 0% Deferred Down Payment Assistance Program?
- Household income $80,000 for 1-2 people; $90,000 for 3+ people.
- 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 MBOH Plus 0% Deferred 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 MBOH Plus 0% Deferred Down Payment Assistance Program.
Ask a lender about 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.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Montana
- Montana Bond Advantage Down Payment Assistance Program: up to 5% of the price, at most $15,000, repayable loan.
All Montana first-time home buyer programs · Down payment assistance in every state