Up to 5% of price or $15,000. 15-year second mortgage at same rate as first. Only $1K from buyer.
Montana Board of Housing's Bond Advantage program provides up to $15,000 in DPA as a second mortgage with no monthly payments for the first 36 months. The deferred-start structure gives buyers three full years to build equity and financial stability before DPA payments begin.
Montana's housing market has seen rapid appreciation, particularly in Bozeman, Missoula, and Kalispell, driven by remote workers and quality-of-life migration. $15,000 in DPA helps Montana residents compete against out-of-state buyers who often have larger down payments.
This program can be used on 1-4 unit properties. Live in one unit, rent the others.
We'll show you how to combine MBOH Bond Advantage DPA (Montana) with other programs to maximize your free money — personalized to your ZIP code and income.