Get free tips to save thousands of $.Want to know more?

Ask Karmi
The first dedicated real estate AI.

Real estate done easily. Real estate done right.

First Time Home Buyer Program – Montana

By Michael Krein|2025-12-29T20:02:23+00:00October 23, 2023|Categories: First Time Home Buyer Program|

Additional Resources for Montana

USDA Rural Development Guaranteed Housing Loan

100% financing with no down payment requirement
Must meet income eligibility and purchase a home in rural area
Website: https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program

Federal Home Loan Bank Downpayment Assistance

Grants up to $5,000 or $7,500 for qualified borrower
Must use member lender
Website: https://commerce.mt.gov/Housing/Homeownership/Down-Payment-Assistance

Montana Mortgage Assistance Partnership (MMAP)

Down payment and closing cost assistance loan up to $3,000
Offered by Montana Board of Housing
For low to moderate income buyers
Website: https://housing.mt.gov/Multifamily-Development/Homeownership/MMAP

Montana HomeAdvantage

Below market interest rate mortgage loan
Up to 97% financing
For first time buyers who complete homebuyer education course
Offered by Montana Board of Housing
Website: https://housing.mt.gov/Homeownership/HomeAdvantage

Missoula County

Down Payment Assistance Program – down payment loans up to $10,000, offered by City of Missoula
Website: https://www.ci.missoula.mt.us/1781/Down-Payment-Assistance-Program

Gallatin County

Gallatin Home Partnership – down payment and closing cost assistance loans up to $14,000, offered by HRDC in Bozeman
Website: https://thehrdc.org/ghpfund/

Yellowstone County

HOME Set Aside Program – down payment and closing cost assistance loans up to $14,999, offered by City of Billings
Website: https://ci.billings.mt.us/262/Downpayment-Assistance-Program

Flathead County

NeighborWorks Montana Homeownership Programs – down payment assistance, offered in Kalispell area
Website: https://nwmt.org/homebuyer-education/

Lewis and Clark County

Helena Area Habitat for Humanity – down payment assistance for qualified buyers
Website: https://helenahabitat.org/

DISCLAIMER:

The information contained in this pamphlet is provided for general informational and educational purposes and is not, nor intended to be, legal, financial or tax advice. House Karma is not authorized to practice in front of the IRS and is not subject to IRS Circular 230. This information pamphlet is general in nature and may not apply to the specific circumstances of individual readers. No claims are made about the accuracy, timeliness or usefulness of the content contained on this pamphlet. The information contained in this pamphlet by House Karma is not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice.

Users of this pamphlet should seek specific guidance directly from a qualified legal, financial or tax professional. Nothing contained on or provided through this pamphlet is intended to be or is to be used as a substitute for professional advice. House Karma is not a lender, nor does it broker loans.

All loans are subject to approval of the purchasers credit by unaffiliated third-party lenders. House Karma has no control over credit approval or the terms of any offer to lender by any lender. Buyer must qualify for financing without regard to the loan program. This pamphlet is not an offer or solicitation to extend credit. Equal Housing Opportunity.

HOME | PRIVACY POLICY | CONTACT US | FREE COURSE | Copyright 2012 – 2025 | RIO Genesis | All Rights Reserved