Home Financing Resources

Income Limit: 80% of AMI Household size

Amount:  $7,500

Terms: No monthly payment – Forgiven after 5 years of ownership. Must be first time home buyer.

For more information, please contact your preferred local mortgage lender.

Income Limit: 80% of AMI Household size

Amount:  Up to $35,000

Terms: No monthly payments – 0% interest/repayment deferral 2nd mortgage.  Purchase price limit: $350,000.

For more information, click here.

Income Limit: 100% HUD’s AMI ($81,625 1-4 Household). Higher for larger households.

Amount:  $10,000 or $12,500* (When funds are available)

Terms: No monthly payment – forgiven after 5 years of ownership. *First Responders, Military Personnel or Teacher's 2nd mortgage.

For more information click here.

Income Limit: $65,000 1-2 Household, $75,000 3+ Household

Amount:  Up to $15,000

Terms: No monthly payment – 0% interest/repayment deferred.  2nd mortgage – can be used for down payment & closing costs. Purchase price limit: $478,805.

For more information click here.

Income Limit: $97,920 1-2 Household,  $114,240 3+ Household

Amount:  Up to $15,000

Terms: Monthly payment calculated over 15 years at fixed rate matching 1st mortgage rate with MT Housing. Purchase price limit: $478,805.

For more information, click here.

Income Limit: At or below 125% AMI Household size

Amount: Min $10,000, Max based on qualifications

Terms: 2nd Mortgage for 20% or less of purchase price. 30-year fixed rate – 2% above first mortgage rate. * Do not have to be a first time home buyer.

For more information click here.

Income Limit: 115-125% of AMI Household size

Amount: $2,500 - $20,000

Terms: 2nd Mortgage: 30 yr. fixed rate if income is at or below 80% AMI.  15 yr. fixed if income is greater than 80% AMI. *Do not have to be a first time home buyer.

For more information click here.