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 an eligible Montana Board of Housing Regular Bond Program first mortgage, Borrowers meeting current Montana Board of Housing income and purchase-price limits, Applicants with at least a 620 credit score and required homebuyer education, Buyers contributing at least $1,000 of their own funds, with gift funds allowed for the rest of the cash needed
What support do you get?
Current Montana Board of Housing materials describe Bond Advantage as down payment and closing-cost assistance worth up to 5% of purchase price, with a minimum of $1,500 and a maximum of $15,000, when paired with an eligible Regular Bond Program first mortgage.
Do you repay it?
Bond Advantage is a fully repayable 15-year amortizing second mortgage. Current official materials show no forgiveness, no prepayment penalty, and a requirement that the second mortgage be paid in full if the property is sold, transferred, or the first mortgage is refinanced or otherwise paid off.
How do you apply?
Work with a Montana Board of Housing participating lender, qualify for the Regular Bond Program first mortgage, add Bond Advantage for down payment and closing costs, complete the required homebuyer education, and close both liens together through the lender.
Official source evidence
Current Montana Board of Housing materials show Bond Advantage remains live statewide as a repayable second mortgage worth up to 5% of purchase price, capped at $15,000, with a 15-year amortizing term and no forgiveness when paired with the Regular Bond Program first mortgage.
View official source
Last verified
2026-04-23
Revised October 2024 terms; current rates verified 2026-03-06
Paid preview
What paid access adds for Montana Board of Housing Bond Advantage Down Payment Assistance Program
See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.
Example paid output for this program. The free page stays visible either way.
Comparison preview
Montana Board of Housing Bond Advantage Down Payment Assistance Program
Amount: Current Montana Board of Housing materials describe Bond Advantage as down payment and closing-cost assistance worth up to 5% of purchase price, with a minimum of $1,500 and a maximum of $15,000, when paired with an eligible Regular Bond Program first mortgage.
Repayment: Bond Advantage is a fully repayable 15-year amortizing second mortgage. Current official materials show no forgiveness, no prepayment penalty, and a requirement that the second mortgage be paid in full if the property is sold, transferred, or the first mortgage is refinanced or otherwise paid off.
First-time buyer: Varies
Risk checks preview
What gets flagged before you call a lender
- Montana Board of Housing Bond Advantage Down Payment Assistance Program requires a participating lender.
- Montana Board of Housing Bond Advantage Down Payment Assistance 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 Bond Advantage Down Payment Assistance Program for this household and loan setup?
- Which first-mortgage product must be paired with Montana Board of Housing Bond Advantage Down Payment Assistance Program, and what breaks eligibility?
Action checklist preview
What you would do next
- Review the official Down Payment Assistance page for Montana Board of Housing Bond Advantage Down Payment Assistance Program
- Ask whether your lender is approved for this exact program and loan structure.
