Board of Investments (BOI) Residential Mortgages

The objective of the Board’s In-state Loan Program is to diversify, strengthen, and stabilize the Montana economy. Specifically, Montana law states that "the Board shall endeavor to invest 25 percent of the state’s Coal Tax Trust Fund in the Montana economy, with special emphasis on investments in new or expanding locally owned enterprises." To achieve this objective, the Board has designed a series of loan programs that can be tailored to meet the individual needs of borrowers.

 

Terms & Conditions

MBOI Residential Loans Criteria

 

Reservation Process:

PREFERRED:

Input on Lender On Line web based reservation system link to reservation page. FHA, VA loans are automatically committed.

OR

Fax reservation to MBOH including:

  • Reservation cover sheet and required documentation listed.

  • If loan is not insured by FHA or VA, loan reservation is conditional and requires submittal of the appraisal for review by BOI prior to reservation approval. Check exceptions on Lender on Line to check status.

 

For additional forms and assistance call or E-mail:

Julie Hope
jhope@mt.gov
406.841.2853

This is a summary of the MBOH program only. For a complete copy of the terms and conditions see http://www.investmentmt.com/

 


Return to HOMEBUYERS Information        Return to HOMEOWNERS Information        Return to RENTERS Information        Return to MULTIFAMILY HOUSING DEVELOPMENT Information        Return to COMMUNITY PARTNER Information        Return to INVESTORS Information


HOUSING DIVISION | MONTANA DEPARTMENT OF COMMERCE
301 S. PARK AVE, STE 240 | PO BOX 200528 | HELENA, MT 59620-0528 | P: (406) 841-2840 | F: (406) 841-2841 | TDD: (406) 841-2702 | TOLL FREE: (800) 761-6264