Montana First-Time Home Buyer Programs 2026
$10,000 DPA available through Montana Board of Housing (MBOH). MBOH Bond Advantage program combines a low 30-yr rate with up to $10K in DPA.
Max Assistance
$10,000 DPA
Type
0% deferred loan
Min Credit
620+
Max Home Price
$406,000
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Montana First-Time Buyer Programs Comparison
| Program | Max Assistance | Type | Min Credit | Income Limit |
|---|---|---|---|---|
| MBOH Bond Advantage Best statewide program | $10,000 | 0% deferred loan | 620+ | $80K–$110K |
Eligibility Requirements
- ✓620+ credit score
- ✓Income within MBOH limits
- ✓Homebuyer education required
- ✓Primary residence in Montana
Pro Tip
Available statewide: Billings, Missoula, Great Falls, Bozeman, Butte.
How to Apply for Montana Programs
Get Pre-Approved
Work with a MBOH-approved lender. They handle the state program paperwork for you.
Complete Education
Take the required homebuyer education course (online, ~6 hours, ~$75). Required by most state programs.
Close & Get Funds
The 0% deferred loan is applied at closing — you don't pay extra at the table.
Official Agency
Montana Board of Housing
MBOH — Montana official housing finance authority
Frequently Asked Questions
What is the best first-time home buyer program in Montana?
The best program in Montana is the MBOH Bond Advantage, which offers $10,000 as a 0% deferred loan. Minimum credit score: 620. Income limit: $80K–$110K.
How much down payment assistance is available in Montana?
Montana offers up to $10,000 DPA through Montana Board of Housing (MBOH). The assistance is structured as a 0% deferred loan. Income limits are $80,000–$110,000 depending on household size and county.
What credit score do I need for Montana first-time buyer programs?
Most Montana programs through MBOH require a minimum credit score of 620. Some programs may accept lower scores with compensating factors. Check with an MBOH-approved lender for your exact score requirements.
What is the income limit for Montana first-time buyer programs in 2026?
In 2026, Montana income limits are $80,000–$110,000 depending on household size and county. The home price limit is $406,000. These limits are set by Montana Board of Housing.
Don't Leave $10,000 DPA on the Table
Pre-approval is free. Your lender will apply for MBOH programs automatically — no extra work for you.
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