Habitat for Humanity

Brief Description: Montana Housing works with Habitat for Humanity in chapters across the state to provide first mortgages for Habitat homeowners who credit-qualify for a loan. By providing financing for these mortgages, Montana Housing allows Habitat to receive the cash when the family moves in, providing resources to purchase land and materials for another family.


Program Offers

  • Uninsured first mortgage loan
    • Habitat Funds are used in conjunction with mortgage funds
  • 30 year, low fixed rate, fully amortized loan
  • Serviced locally by lender or Montana Housing

Borrower Eligibility

  • Must be a first time homebuyer
    • Not owned a principal residence any time in past three years
    • Homeownership requirement not applicable in certain targeted areas
      • Counties: Blaine, Sanders, Deer Lodge, Silver Bow, Flathead, Mineral, Missoula & Hill
      • Census Tracts: Gallatin County 6 & 11.01 and Lincoln County 2
      • City of Great Falls
  • Must be at or below annual household Income limits
    • Includes ALL people 18+ years expected to live in residence
  • Buy/Sell amount cannot exceed Purchase Price Limits

Program Requirements

  • Purchase loans only (No refinances)
  • NO cash back at closing; principal reduction only
  • Owner-occupancy required for life of loan
  • Hazard Insurance deductibles cannot exceed the greater of $1,500 or 1% of dwelling coverage
    • Except for Wind/Hail which cannot exceed the greater of $2,500 or 1%

Property Requirements

  • Single family, “fee simple” residential property
    • Attached land of residence must maintain basic livability & not provide income source
  • New construction; property & improvements must be completed prior to closing


Other Useful Information:

Habitat for Humanity Terms & Conditions

First Time Homebuyer Education

Quick Reference Guide


LENDERS: Habitat for Humanity Calculation Process

Except as outlined above, all terms, conditions, definitions and program criteria applicable to the Regular Bond Program, set out in the Mortgage Purchase and Servicing Agreement.  Additional resources not linked to on this page are available by contacting Montana Housing at 406-841-2840 and asking for a Program Specialist.

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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