Reverse Annuity Mortgage (RAM) Program Information

 

To learn more about Reverse Annuity Mortgages, watch this informative video. It is an interview with Todd Jackson, a RAM Program Specialist from the Montana Board of Housing, recorded on December 4, 2015 for the Missoula Aging Services.

NOTE: Information in these videos mention a 5% interest rate. Potential borrowers please call 1-800-761-6264 for the current rate.

 

 

To learn more about Reverse Annuity Mortgages, watch this informative video. It is an interview with Todd Jackson, a RAM Program Specialist from the Montana Board of Housing, recorded on February 17, 2015 for the Aging Horizons.


 

To request a payoff quote for a MBOH Reverse Annuity Mortgage (RAM) Loan:


Please provide a written request including the following:

  1. Anticipated Date of Payoff (Date money will be received in our office)

  2. Property Address

  3. Name of Customer and Account Number if available

  4. Signed Borrower’s Authorization OR documentation to show your authority to participate in this transaction.

  5. How you would like to receive the payoff quote (email, fax, mail)


Send request to:


FAX:   406-841-2841  (Please write "ATTN: RAM Program" on your cover sheet.)

     OR
 

Email:  Housing@mt.gov  (Please write "RAM Loan payoff request" in the Subject Line of your email.)

     OR
 

Send written responses in the mail to:
     Montana Board of Housing
     C/O RAM Program
     PO Box 200528
     Helena, MT 59620-0528


These payoff requests receive immediate attention, but, please allow 24-48 hours for a response.

 

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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