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Get Matched Free →First-Time Home Buyer Programs in Montana (2026)
By Tyler Thompson · Licensed Real Estate Agent
Montana's state down payment assistance comes from the Montana Board of Housing (MBOH) and requires an MBOH 30-year first mortgage. Bond Advantage DPA lends up to 5% of the price, capped at $15,000, as a 15-year loan at the same rate as the first mortgage. MBOH Plus gives the same 5% up to $15,000 as a 0% loan with no payments until the home is sold or refinanced, for households earning up to $80,000 (1 to 2 people) or $90,000 (3 or more). Both need a 620 credit score, $1,000 of buyer cash and homebuyer education.
Compare Montana Down Payment Assistance Programs
| Program | Max help | Who it’s for | Income cap | Credit |
|---|---|---|---|---|
| MBOH Plus 0% Deferred Down Payment Assistance (Montana)Zero-Interest Loan | Max help:Up to 5% of the sales price, to a maximum of $15,000 | Who it’s for:First-time and repeat buyers | Income cap:Household income up to $80,000 for 1-2 people and $90,000 for 3 or more. | Credit:620 |
| Montana Board of Housing Bond Advantage Down Payment AssistanceRepayable Loan | Max help:Up to 5% of the purchase price, from $1,500 to a maximum of $15,000 | Who it’s for:First-time and repeat buyers | Income cap:Must be eligible for the MBOH Regular Bond Program; limits vary by county and household size (see commerce.mt.gov current rates and limits page). | Credit:620 |