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Montana Board of Housing (MBOH) Plus 0% Deferred Down Payment Assistance Program

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0% deferred second mortgage Multiple repayment paths 2026-04-23
Agency Montana Board of Housing
Support type 0% deferred second mortgage
Amount highlight Current Montana Board of Housing materials describe MBOH Plus as a 0% deferred second mortgage for down payment and closing costs 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 first mortgage.
Last verified 2026-04-23

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Do not overstate payoff and forgiveness rules

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

MBOH Plus is live and detail-safe, but public wording should stick to the official 0% deferred second-mortgage terms and avoid inventing forgiveness language that the current docs do not use.

Source note: The rates page and Program Updates can make the second mortgage look broader or more dynamic, while the revised October 2024 MBOH Plus terms and conditions remain the controlling rule document. Public wording should therefore keep sale, transfer, and first-lien refinance as the core due triggers and avoid overstating other payoff triggers.

Decision-ready public facts

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Amount

Current Montana Board of Housing materials describe MBOH Plus as a 0% deferred second mortgage for down payment and closing costs 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 first mortgage.

Type

0% deferred second mortgage

Repayment

MBOH Plus is a 0% deferred second mortgage with no monthly payments and a 30-year term. Current official materials say the balance becomes due in full on sale, transfer, or first-lien refinance. Public materials do not describe it as forgivable, so the safest public treatment is a repayable deferred second mortgage rather than a grant.

First-time buyer

Unknown

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 first-time homebuyers using an eligible Montana Board of Housing Regular Bond first mortgage, Households at or below $80,000 for one to two people or $90,000 for three or more people, Borrowers with at least a 620 credit score, debt-to-income ratio at or below 45%, and required homebuyer education, Buyers contributing at least $1,000 of their own funds, with gift funds allowed for the rest

What support do you get?

Current Montana Board of Housing materials describe MBOH Plus as a 0% deferred second mortgage for down payment and closing costs 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 first mortgage.

Do you repay it?

MBOH Plus is a 0% deferred second mortgage with no monthly payments and a 30-year term. Current official materials say the balance becomes due in full on sale, transfer, or first-lien refinance. Public materials do not describe it as forgivable, so the safest public treatment is a repayable deferred second mortgage rather than a grant.

How do you apply?

Work with a Montana Board of Housing participating lender, qualify first for the Regular Bond first mortgage, add MBOH Plus as the 0% deferred second mortgage for down payment and closing costs, complete the required homebuyer education, and close both liens through the lender.

Official source evidence

Current Montana Board of Housing materials show MBOH Plus remains live statewide as a 0% deferred second mortgage worth up to 5% of purchase price, capped at $15,000, with no monthly payments and repayment due on sale, transfer, or first-lien refinance when paired with the Regular Bond first mortgage.

View official source

Last verified

2026-04-23

Revised October 2024 terms; current rates verified 2026-03-06

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What paid access adds for Montana Board of Housing (MBOH) Plus 0% Deferred Down Payment Assistance Program

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Comparison preview

Montana Board of Housing (MBOH) Plus 0% Deferred Down Payment Assistance Program

Amount: Current Montana Board of Housing materials describe MBOH Plus as a 0% deferred second mortgage for down payment and closing costs 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 first mortgage.

Repayment: MBOH Plus is a 0% deferred second mortgage with no monthly payments and a 30-year term. Current official materials say the balance becomes due in full on sale, transfer, or first-lien refinance. Public materials do not describe it as forgivable, so the safest public treatment is a repayable deferred second mortgage rather than a grant.

First-time buyer: Unknown

Risk checks preview

What gets flagged before you call a lender

  • Montana Board of Housing (MBOH) Plus 0% Deferred Down Payment Assistance Program requires a participating lender.
  • Montana Board of Housing (MBOH) Plus 0% Deferred 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 (MBOH) Plus 0% Deferred Down Payment Assistance Program for this household and loan setup?
  • Which first-mortgage product must be paired with Montana Board of Housing (MBOH) Plus 0% Deferred 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 (MBOH) Plus 0% Deferred Down Payment Assistance Program
  • Ask whether your lender is approved for this exact program and loan structure.
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What paid research already covers in Montana

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

specialty and conditional paths

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

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