DEPARTMENT OF COMMERCE

Current Rate:

Rate is good through:  May 16, 2012

Interest rate will be 1% below the lower of either the:

Federal National Mortgage Association 60 day delivery rate

OR

the market rate of the MBOH regular bond program 

2.452%

Funds Available:

Updated on:  May 3, 2012

Purchase Price Limit:

Purchase price is limited to 95% of
the Montana Board of Housing's statewide average.

$234,681

Amount remaining to $10 million threshold:

Each lending institution is limited to origination of 10 loans until $10 million of loans has been originated; thereafter, there is no limitation on the number of loans per lender.

$6,097,498