Montana Down Payment Assistance
Montana Down Payment Assistance Programs
A guide to current down payment assistance options in Montana, including the state Housing Finance Agency, well-known city and county programs, and live DPA mortgage pricing for Montana homebuyers.
Montana Housing Finance Agency
Montana Board of Housing (Montana Housing) (MBOH)
housing.mt.gov/Homeownership/Homebuyers/Home-Loans
MBOH administers the primary DPA programs for Montana. Program details below are current as of April 23, 2026 - confirm current terms directly with MBOH before applying.
Statewide DPA Programs in Montana
Regular Bond Program
Montana Board of Housing
30-year low-interest-rate first mortgage for income- and purchase-price-eligible borrowers.
Paired with: Conventional, FHA, VA, RD
- First-time homebuyer: Required
- Primary residence only
- Income: Household income limits apply by county and household size; see Montana Housing current limits.
- Homebuyer education required
Oriented toward first-time homebuyers; repeat buyers may qualify in targeted areas. Purchase price limits apply.
Source: commerce.mt.gov
Bond Advantage Down Payment Assistance
Montana Board of Housing
Up to the lesser of 5% of the purchase price or $10,000 as a 15-year amortizing second mortgage. Interest rate matches the Montana Housing first mortgage.
- Primary residence only
- Minimum FICO: 620
- Homebuyer education required
Requires a Montana Housing 30-year first mortgage. Borrower must contribute at least $1,000 of personal funds.
Source: housing.mt.gov
80% Combined Program
Montana Board of Housing with partner nonprofits
30-year first mortgage at 80% LTV paired with a second mortgage at 20% LTV from a partnering nonprofit (NeighborWorks Montana or a Human Resource Development Council), eliminating the need for mortgage insurance.
Paired with: Conventional
- Primary residence only
- Income: Household income limits apply; see Montana Housing schedule.
- Homebuyer education required
Alternative to FHA financing for eligible buyers who can access partner second mortgages.
Source: commerce.mt.gov
2026 Loan Limits in Montana
Conforming (Conventional)
$806,500 baseline
Some Montana counties qualify as high-cost, with limits up to $1,209,750.
FHA
$524,225 floor
Higher-cost Montana counties can reach the FHA ceiling of $1,209,750.
Live DPA Pricing for Montana
Pricing below is sourced live from hundreds of wholesale lenders for a Montana scenario. Edit the inputs to match your situation.
FHA Down Payment Assistance
Up to 5% assistance; repayable second at first rate + 2% over 10 years
▸Program details
- ✓Minimum credit score: 580
- ✓Non-traditional credit also possible
- ✓Assistance up to 2.5%, 3.5%, or 5% of the lesser of purchase price or appraised value
- ✓Assistance can be used for down payment, closing costs, or both
- ✓Second lien: 10-year fixed, repayable
- ✓Second lien rate is 2% higher than the first mortgage rate
- ✓No first-time homebuyer requirement
- ✓No income cap
- ✓Purchase of primary residence only
- ✓Eligible properties: 1-unit residences, PUD, 2-4 units, FHA-approved condos, manufactured (single/double-wide)
- ✓DTI per AUS and FHA manual underwriting guidelines
- ✓First lien: FHA 30-year fixed
Assistance amount
Compare DPA options for Montana with live pricing
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