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MBOH Plus 0% Deferred Down Payment Assistance (Montana)

By Tyler Thompson · Licensed Real Estate Agent

Administered by:

Montana Board of Housing (Montana Department of Commerce)

· State · Zero-Interest Loan

Funding status: Active

How much assistance

Up to 5% of the sales price, to a maximum of $15,000

0% second loan with no monthly payments. Due on transfer or sale of the property, or on refinance or payoff of the first loan. Not forgivable.

Income limits: Household income up to $80,000 for 1-2 people and $90,000 for 3 or more.
First-time buyer required: No
Credit score minimum: 620
Geographic restrictions: Statewide Montana. Requires a Montana Board of Housing 30-year fixed first mortgage and Regular Bond Program eligibility. Max DTI 45%. Buyer must put in at least $1,000 cash, which can be a gift.
Homebuyer education required: Yes