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Montana Board of Housing 80% Combined Program

Montana route through Montana Board of Housing. This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

80% first mortgage with partner second Check official rules 2026-04-23
Agency Montana Board of Housing
Support type 80% first mortgage with partner second
Amount highlight Current Montana Board of Housing materials describe 80% Combined as a 30-year first-lien mortgage at 80% loan-to-value paired with partner nonprofit secondary financing for the remaining 20% of purchase price, avoiding mortgage insurance.
Last verified 2026-04-23

Use carefully

Partner second terms vary by nonprofit

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

The statewide 80% first-lien rules are detail-safe. The caution is that the partner nonprofit retains and services the second mortgage, so the second-note repayment path should be described as partner-specific rather than as one universal statewide note.

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What stays free on this program page

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Amount

Current Montana Board of Housing materials describe 80% Combined as a 30-year first-lien mortgage at 80% loan-to-value paired with partner nonprofit secondary financing for the remaining 20% of purchase price, avoiding mortgage insurance.

Type

80% first mortgage with partner second

Repayment

The first lien is a fully amortizing 30-year fixed-rate mortgage. The nonprofit partner retains and services the Community Seconds second mortgage, so buyers must confirm the exact second-lien repayment terms with the partner and lender because public materials do not present one uniform statewide second-note schedule.

First-time buyer

Varies

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

Montana homebuyers using a Montana Board of Housing 80% Combined first mortgage with a qualifying nonprofit second mortgage partner, Borrowers meeting current Montana Board of Housing income and purchase-price limits, Applicants with a 640 minimum credit score and standard maximum 32/45 ratios unless valid compensating factors apply, Buyers contributing at least 1% of purchase price from their own funds, including at least $1,000 cash investment, and completing required homebuyer education

What support do you get?

Current Montana Board of Housing materials describe 80% Combined as a 30-year first-lien mortgage at 80% loan-to-value paired with partner nonprofit secondary financing for the remaining 20% of purchase price, avoiding mortgage insurance.

Do you repay it?

The first lien is a fully amortizing 30-year fixed-rate mortgage. The nonprofit partner retains and services the Community Seconds second mortgage, so buyers must confirm the exact second-lien repayment terms with the partner and lender because public materials do not present one uniform statewide second-note schedule.

How do you apply?

Work with a Montana Board of Housing participating lender, qualify the file through Fannie Mae Desktop Underwriter as HFA Preferred at 80% LTV or less, secure eligibility from a qualifying nonprofit second-mortgage partner, complete homebuyer education before closing, and close both liens together.

Official source evidence

Current Montana Board of Housing materials show the 80% Combined Program remains live statewide as a 30-year 80% first-lien mortgage paired with nonprofit secondary financing for the remaining 20%, with a 640 minimum credit score, required homebuyer education, and partner-specific second-lien requirements.

View official source

Last verified

2026-04-23

Revised August 2025 terms and current program page verified 2026-04-23

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Comparison preview

Montana Board of Housing 80% Combined Program

Amount: Current Montana Board of Housing materials describe 80% Combined as a 30-year first-lien mortgage at 80% loan-to-value paired with partner nonprofit secondary financing for the remaining 20% of purchase price, avoiding mortgage insurance.

Repayment: The first lien is a fully amortizing 30-year fixed-rate mortgage. The nonprofit partner retains and services the Community Seconds second mortgage, so buyers must confirm the exact second-lien repayment terms with the partner and lender because public materials do not present one uniform statewide second-note schedule.

First-time buyer: Varies

Risk checks preview

What gets flagged before you call a lender

  • Montana Board of Housing 80% Combined Program requires a participating lender.
  • Montana Board of Housing 80% Combined Program must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate Montana Board of Housing 80% Combined Program for this household and loan setup?
  • Which first-mortgage product must be paired with Montana Board of Housing 80% Combined Program, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official 80% Combined Program page for Montana Board of Housing 80% Combined Program
  • Ask whether your lender is approved for this exact program and loan structure.
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