A row of beautifully colored homes.

Occupancy (Rental) Waiver

Montana Housing loans originated in 1982 and forward have an owner-occupancy requirement.  The Uniform Rider to the Trust Indenture specifically states that the residence will not be rented.  The only exception is if the mortgagor(s) is suffering from undue hardship and the situation is beyond the mortgagor’s control.

In the event that you find it necessary to vacate and/or rent the home, you must request a waiver of the occupancy requirement.  Upon receipt by the Board, a determination will be made to determine that the reason for the noncompliance of the owner-occupancy requirement is within the guidelines established by IRS regulations. Please ready the Rental Waiver Policy for more details.

Rental Waiver Policy

Occupancy Form


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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