Homeownership Programs

Homeownership | Montana Department of Commerce

Homeownership | Montana Department of Commerce Housing Homeownership Current Rates, Income and Purchase Price Limits Down Payment Assistance Home Loans Homebuyer Education Homebuyers Homeowner Assistance Fund Homeowner Assistance Fund FAQs Homeowners Mortgage FAQs Participating Lenders Recapture Tax Reverse Annuity Mortgages Homeownership creates a sense of pride, provides an an opportunity to increase financial stability and helps build vibrant communities. For most people, owning their own home is their most important goal. Montana Board of Housing is Montana’s trusted partner for affordable and responsible homeownership. Homebuyers There’s nothing like that feeling of calling your home your own. Through our statewide network of participating lenders, Montana Board of Housing programs offer benefits for homebuyers such as low interest rates and down payment and closing cost assistance. Homebuyers Lenders Since 1975, Montana Board of Housing has partnered with lenders around the state to offer home buying options that aren’t available anywhere else. The success of Montana Board of Housing’s mission relies heavily on our partnerships with lenders. Montana Board of Housing programs can help make homeownership a reality for a borrower who might otherwise not be able to afford to purchase a home. Lenders Homeowners Congratulations on your home purchase! When you purchase a home with support from Montana Board of Housing programs, Montana Board of Housing is your mortgage servicer. A mortgage servicer is responsible for the day-to-day management of your mortgage loan account, including collecting and crediting your monthly loan payments and handling your escrow account. The servicer is who you contact if you have questions about your mortgage loan account. Homeowners Reverse Annuity Mortgages Reverse Annuity Mortgage is a mortgage in which the money is disbursed to the borrower over a long period of time to provide regular income to the borrower. The loan is then repaid in a lump sum when the homeowner no longer occupies the home as a principal residence or sells the home. The Montana Board of Housing Reverse Annuity Mortgage program was implemented in 1990. The program enables Montana senior homeowners to use the equity in their homes and benefit from additional monthly income. Reverse Annuity Mortgages Current Rates, Income and Purchase Price Limits Down Payment Assistance Home Loans Homebuyer Education Homebuyers Homeowner Assistance Fund Homeowner Assistance Fund FAQs Homeowners Mortgage FAQs Participating Lenders Recapture Tax Reverse Annuity Mortgages