Bootcamp For Buyers

First Time Homebuyer Programs in Montana

Montana offers a range of first-time homebuyer programs through the Montana Board of Housing (MBOH). These programs provide financial assistance and competitive loan options to make homeownership more accessible.

Bond Program

The Bond Program offers low-interest fixed-rate mortgages for first-time buyers.

  • Features a 30-year fixed-rate loan with below-market interest rates.
  • Income and purchase price limits apply, based on household size and location.
  • Available for FHA, VA, USDA, and conventional loans.

Down Payment Assistance Program

The Down Payment Assistance Program helps buyers with upfront costs.

  • Provides up to 5% of the total loan amount for down payment and closing costs.
  • Assistance is structured as a deferred second mortgage.
  • Must be used in conjunction with an MBOH loan.

Set-aside Programs for Targeted Populations

MBOH offers targeted programs to assist specific groups, such as veterans or rural homebuyers.

  • Includes reduced interest rates for qualifying borrowers.
  • Flexible income limits and eligibility criteria for rural areas.
  • Must meet MBOH program guidelines.

Montana’s first-time homebuyer programs are designed to make homeownership more affordable and achievable. Explore these options to find the right fit for your needs and take the first step toward owning your dream home in the Big Sky State.