Income and Purchase Limits for the following programs:
 

 Updated:  May 16, 2017

           
 

 

* * * * * * * * * *      Maximum Income Limits      * * * * * * * * * *

Purchase
 Price
 Limits

 

 

County or area:

Small Household
1 or 2 people

Large Household
 3 or more people

           
  * Blaine $75,120 $87,640 $310,211
    Carbon $67,700 $77,855 $253,809
    Cascade $62,600 $71,990 $255,574
  *    City of Great Falls $75,120 $87,640 $310,211
    Dawson $67,000 $75,050 $253,809
  * Deer Lodge $75,120 $87,640 $310,211
    Fallon $69,500 $79,925 $260,471
  * Flathead $75,120 $87,640 $339,059
    Gallatin $75,623 $89,966 $328,235
  *   Gallatin Census Tracts 6 and 11.01 $85,200 $99,400 $401,177
  * Hill $75,120 $87,640 $310,211
    Jefferson $77,200 $88,780 $263,647
    Lewis & Clark $70,100 $80,615 $263,647
    Lincoln $62,600 $71,990 $253,809
  *    Lincoln Census Tract 2 $75,120 $87,640 $310,211
    Madison $69,579 $80,016 $299,647
  * Mineral $75,120 $87,640 $310,211
  * Missoula $85,440 $99,680 $332,588
    Richland $72,600 $83,490 $253,809
  * Sanders $75,120 $87,640 $310,211
    Sheridan $70,700 $81,305 $253,809
  * Silver Bow $75,120 $87,640 $310,211
    Stillwater $74,400 $85,560 $253,809
    Sweet Grass $65,900 $75,785 $266,824
    Yellowstone $67,700 $77,855 $253,809
    All other Counties $62,600 $71,990 $253,809
  *       Targeted Areas      
           
  www.housing.mt.gov
 
     
 
 
     
 
 406-841-2840

Printable version of Income and Purchase Limits

Explanation of how income limits are calculated:  The formulas for calculating the Mortgage Revenue Bond Program income limits are set by the Department of the Treasury, using data on median income generated by HUD.  Montana Board of Housing (MBOH) has the ability to adopt income limits that are lower than the limits set by the formula, but cannot go higher.  The limits are based on the area median income for the county, or for the state, whichever is greater.  The area median income is defined as 100% of the area median income for a 4 person household.   Non-targeted area Treasury limits are set at 100% of area median income for one and two person households, and 115% of area median for 3 or more person households.  In targeted areas, these limits go to 120% and 140% respectively.   New income figures are released by HUD once a year, usually in February or March.  It has been the practice of the Board to adopt the limits from the Treasury formula

Income Limits: None

Purchase Price Limit: $241,119 (05/16/17)


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HOUSING DIVISION | MONTANA DEPARTMENT OF COMMERCE
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