80% Combined Program
Brief description: The 80% Combined Program was created to provide qualified home buyers with an alternative to an FHA-insured loan in areas not eligible for RD-guaranteed loans. Montana Board of Housing (MBOH) provides this program in partnership with non-profit housing partners such as NeighborWorks Montana (NWMT) or the Human Resource Development Council (HRDC). Under this program, MBOH can provide loans at 80% or less loan-to-value (LTV), eliminating mortgage insurance.
General Program Information:
Informational Flyer (Under Construction)
Program Loan Criteria (Under Construction)
Program FAQ’s (Under Construction)
Reservation Documents for the 80% Combined Program must be sent to MBOH via fax or secured scan for review:
Closing documents for the 80% Combined Program:
Except as outlined above, all terms, conditions, definitions and program criteria applicable to the Regular Bond Program, set out in the Mortgage Purchase & Servicing Guide and the Terms & conditions for 2015 Programs will apply to loans originated under the MBOH 80% Combined Program. Additional resources not linked to on this page are available by contacting MBOH at 406-841-2840 and asking for a Program Specialist.