Reverse Annuity Mortgage Loan Program

Elderly Programs consist of the Reverse Annuity Mortgage Loan Program (RAM).

The RAM program was implemented by the Board in October of 1990. The program enables senior Montana homeowners to more substantially provide for their own in-home support. Lower income seniors 68 years or older have the ability to borrow the equity in their homes and benefit from the additional income.

New Income Limits for 2008

1 Person Household $20,800
2 Person Household $28,000
3 Person Household $35,200

Listen to the 60-second RAM radio promotion.

Program Information

RAM Program Booklet (PDF)
RAM Fact Sheet (PDF)
RAM Loan Program Counselor List (PDF)
RAM Approximate Monthly Income Schedule (PDF)

Forms

RAM Application (PDF)
RAM Medical Worksheet (PDF)
RAM Counselor Verification Certificate