80% Combined Program

Montana Housing’s 80% Combined Program provides borrowers eligible for Montana Housing financing with an alternative to an FHA-insured loan. The 80% Combined Program is a 30-year first-position mortgage loan at 80% Loan-To-Value (LTV) that is paired with a second loan at 20% Loan-To-Value (LTV) offered by a partnering non-profit organization such as NeighborWorks Montana or one of the Human Resource Development Councils. 

Purchase price and income limits apply, however, interest rate varies from Regular Bond Program. Homebuyer education is required.

By partnering with a non-profit, Montana Housing can provide loans at 80% or less Loan-To-Value (LTV), eliminating the need for mortgage insurance. The 80% Combined Program is available statewide to buyers who qualify under the Montana Housing 80% Combined Program requirements and the requirements of the non-profit providing the secondary financing.  

80% Combined Program Terms and Conditions