Montana Housing Resources

Housing resources For Montanans

American Family Funds/Dove Foundation

American family Funds, The Dove Foundation Provides down payment and closing cost assistance to those approved for FHA or conventional loans. A mortgage lender must qualify borrowers for a loan.


Energy Efficient FHA Mortgage Insurance is a is a no down payment FHA program for energy efficient homes. This program seeks to help achieve national energy-efficiency goals, reduce pollution and provide better housing for people who might not otherwise be able to afford it. The program provides mortgage insurance for a person to purchase or refinance a principal residence and incorporate the costs of the energy efficient improvements into the mortgage. The loan is funded by a participating FHA-approved lending institution. FHA does not provide loans.

Fannie Mae

Fannie Mae Expanded Approval with Timely Payment Rewards is a an option in Fannie Mae’s Desktop Underwriter automated underwriting system that allows lenders to take a more comprehensive view of a borrower’s credit-worthiness. As a result, lenders can offer mortgage loans to many borrowers who previously were unable to receive conventional financing. Expanded Approval helps borrowers with less-than-perfect credit buy the home they need at a competitive interest rate. The Timely Payment Rewards feature rewards qualifying borrowers with an interest rate reduction of up to one percent after making timely mortgage payments for a consecutive 24-month period within the first four years, thus qualifying them for a one-time interest rate reduction. However, if your credit is good, you may qualify up-front for a lower interest rate.

FHA Loan

FHA Loan is a offers a standard fixed-rate loan for 1- to 4-family owner-occupied houses and only requires a mimimum down payment of 3% from the borrower. This loan permits 100% of closing costs to be a gift from a relative, non-profit organization, or government agency. Insurance on FHA mortgages are often rolled into the total monthly payment at 0.5 percent of the total loan amount, which is roughly half of the price of mortgage insurance on a conventional loan.

Good Neighbor Next Door

Provides a 50% discount on HUD homes with as little as a $100 down payment. This program is specifically for firefighters, medical technicians, police officers, and teachers/faculty in grades K-12.

Great Hope

GR8 HOPE is a program that provides a deferred second loan to help with down payment and closing costs, to bridge the gap between the primary mortgage and the purchase price of the home. Borrowers do not make payments on this loan until they sell or refinance the house, at which time the loan is paid back in full, along with a percentage of any appreciation in the value of the house.

HUD 203(K) Rehabilitation Loan

A government-sponsored program designed to allow owner-occupants to obtain one loan for the purchase of a house in need of repair work. Loan includes funds for rehabilitation work.

Road to Home

The Road to Home Downpayment Assistance is a program that provides up to $20,000 in down payment assistance to eligible households for the purchase of their first home.

The Road to Home Low-Interest First Mortgage Program is a program that provides 30-year, fixed-rate mortgages at lower-than-average interest rates (subject to change) to eligible households.

USDA Direct Loan

A loan that provides low- and very low-income applicants with 100% financing with no private mortgage insurance. Applicants must qualify through a local Rural Development office. Applicants may obtain financing to purchase an existing dwelling, purchase a site and construct a dwelling, or purchase newly constructed dwellings located in rural areas. This program may also pay a portion of the mortgage interest, based on income.

USDA Guaranteed Loan

A loan that provides 100% financing with no private mortgage insurance. Applicants must qualify for a 30-year fixed rate loan through a mortgage lender.

USDA Home Repair Program

A program intended to serve individuals with home repair needs. This program can provide either a grant or a loan to homeowners. Funds can only be used to remove health and safety hazards or to provide accessibility in the home.

Native American VA Direct Home Loans

VA Direct Home Loans for Native American Veterans Living on Trust Lands is a program that provides Native American Veterans with a reduced-rate mortgage loan with no down payment.

VA Loan

A program in which the VA is authorized to guarantee loans to eligible veterans to build a house in which the veteran will occupy the home. The no down payment loan may include simultaneous purchase of the land on which the residence is situated or will be situated.