Bond Advantage Down Payment Assistance Program
Open · Repayable loan
Up to 5% of sales price, maximum $15,000
A 15-year amortizing second mortgage with monthly payments, paired with a Montana Board of Housing 30-year Regular Bond first mortgage; both loans carry the same fixed rate. It is repaid monthly and is not forgiven.
Who qualifies: Must be eligible for an MBOH Regular Bond Program loan (income and purchase price limits apply). Minimum credit score 620 for all borrowers. Homebuyer education required. Minimum $1,000 cash investment from the borrower (may be gifted).
Montana Housing · Agency website → · Checked 2026-09-30
MBOH Plus 0% Deferred Down Payment Assistance Program
Open · Deferred loan
Up to 5% of sales price, maximum $15,000
A 0% interest, 30-year second mortgage with no monthly payments, paired with an MBOH 30-year fixed first mortgage. It is due on sale or transfer of the home, or on refinance or payoff of the first loan. Not forgiven.
Who qualifies: Household income limit $80,000 for 1-2 people and $90,000 for 3 or more (lower than Bond Advantage). Minimum credit score 620 and maximum DTI 45% for all borrowers. Homebuyer education required. Minimum $1,000 cash investment (may be gifted).
Montana Board of Housing (Montana Housing) · Agency website → · Checked 2026-09-30