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What We Offer

The Montana Board of Housing provides mortgages at interest rates that are competitive with market rates to first-time home buyers. By partnering with us, you may be able to:

  • Increase your business by making loans to Montanans whose finances have kept them out of the market.
  • Meet requirements of the Community Reinvestment Act.
  • Earn fees for the mortgages you originate.

We sell tax-exempt Mortgage Revenue Bonds (MRBs) to investors and use the funds to finance low-cost mortgages for first-time home buyers.

By using our programs, you may be able to offer first-time home buyers:

  • Competitive rates, sometimes one-half to one percentage point below market, on 30-year fixed-rate loans.
  • 100% financing on VA and USDA loans, 96.5% on FHA loans and HUD 184 loans. Downpayment/closing cost assistance up to $8,000 for buyers with lower incomes.
  • Mortgage Credit Certificates (MCCs) that can reduce homeowners’ tax liability by as much as $2,000 per year.
  • "Grant" to homebuyer for closing costs.  MBOH pays a portion of the lender fees at closing to reduce closing costs for borrower.