Income and Purchase Limits for the following programs:
 

 Updated:  April 30, 2018

           
 

 

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

Purchase
 Price
 Limits

 

 

County or area:

Small Household
1 or 2 people

Large Household
 3 or more people

           
  * Blaine $81,000 $94,500 $331,423
    Carbon $71,200 $81,880 $271,165
    Cascade $67,500 $77,625 $271,165
  * City of Great Falls $81,000 $94,500 $331,423
    Daniels $67,800 $77,970 $271,165
    Dawson $68,700 $79,005 $271,165
  * Deer Lodge $81,000 $94,500 $331,423
    Fallon $70,100 $80,615 $271,165
  * Flathead $81,000 $94,500 $339,059
    Gallatin $81,200 $93,380 $351,529
  *   Gallatin Census Tracts 6 and 11.01 $97,440 $113,680 $429,647
  * Hill $81,000 $94,500 $331,423
    Jefferson $77,100 $88,665 $273,150
    Lewis & Clark $76,000 $87,400 $273,150
    Lincoln $67,500 $77,625 $271,165
  *    Lincoln Census Tract 2 $81,000 $94,500 $331,423
    Madison $69,435 $79,850 $299,647
  * Mineral $81,000 $94,500 $331,423
  * Missoula $84,480 $98,560 $357,150
    Richland $76,900 $88,435 $271,165
    Rosebud $71,400 $82,110 $271,165
  * Sanders $81,000 $94,500 $331,423
    Sheridan $72,800 $83,720 $271,165
  Silver Bow $81,000 $94,500 $331,423
    Stillwater $72,500 $83,375 $271,165
    Yellowstone $71,200 $81,880 $271,165
    All other Counties   $67,500 $77,625  $271,165 
         Targeted Areas      
 

www.housing.mt.gov/Homebuyers

 

 
     
 
 
     
 
 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 Housing 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

 

Loan Amount Limit:  $257,607

Income Limits: None

Purchase Price Limit: None


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


MONTANA HOUSING | 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