Are you a first-time homebuyer in Montana? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Treasure State. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable. Start your exciting journey towards owning a home in Montana today.
State-Wide Programs
| Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|
| 20+ Community Second Program | Up to $10,000 in down payment assistance | Any Montana resident Homebuyer that can meet income requirements | Second mortgage with a 2% interest rate |
| Bond Advantage Down Payment Assistance | Up to $10,000 in down payment and closing costs assistance | First time homebuyers that can meet income requirements | Second mortgage |
| HomeNow | Up to 100% in down payment and closing costs assistance | Any Montana resident Homebuyer that can meet income requirements | Grant or 0% interest deferred loan |
| NeighborWorks Montana | Up to $40,000 in down payment and closing costs assistance | First time homebuyers that can meet income requirements | Second mortgage with a 0% interest rate |
| STATE-HOME Deferred 2nd Mortgage Program | Up to $25,000 in down payment or closing costs assistance | First time homebuyers that can meet income requirements | Second mortgage wtih a 0% interest rate |
| Statewide Low & Moderate Amortizing Second Mortgage Product | Up to $10,000 in closing cost assistance | Any homebuyer that can meet income requirements (excluding Cascade County) | Second mortgage |
Regional Programs
| County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|---|
| Beaverhead | National Affordable Housing Network- Mutual Self Help Housing | Sweat equity towards building your own home and getting approval for a mortgage | Any homebuyer that can meet income requirements | Loan and instant equity in your new home |
| Jefferson | National Affordable Housing Network- Mutual Self Help Housing | Sweat equity towards building your own home and getting approval for a mortgage | Any homebuyer that can meet income requirements | Loan and instant equity in your new home |
| Madison | National Affordable Housing Network- Mutual Self Help Housing | Sweat equity towards building your own home and getting approval for a mortgage | Any homebuyer that can meet income requirements | Loan and instant equity in your new home |
| Mineral | First-time Homebuyer Down Payment Assistance | Up to $35,000 in down payment assistance | First time homebuyers who meet income requirements | Deffered second mortgage |
| Missoula | First-time Homebuyer Down Payment Assistance | Up to $35,000 in down payment assistance | First time homebuyers who meet income requirements | Deffered second mortgage |
| Powell | National Affordable Housing Network- Mutual Self Help Housing | Sweat equity towards building your own home and getting approval for a mortgage | Any homebuyer that can meet income requirements | Loan and instant equity in your new home |
| Ravalli | First-time Homebuyer Down Payment Assistance | Up to $35,000 in down payment assistance | First time homebuyers who meet income requirements | Deffered second mortgage |
| Silver Bow | National Affordable Housing Network- Mutual Self Help Housing | Sweat equity towards building your own home and getting approval for a mortgage | Any homebuyer that can meet income requirements | Loan and instant equity in your new home |
City Programs
| City | Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|---|
| Billings | First Time Homebuyer Program | Up to $15,000 in down payment and closing cost assistance | First time homebuyers buying within the city limits of Billings and that can meet income requirements | Deferred loan with a 0% interest rate |
| Billings | Home$tart | Up to $7,500 in down payment and closing cost assistance | First time homebuyers that can meet the income requirements | Grant |
| Billings | Home$tart Plus | Up to $10,000 in down payment and closing cost assistance | Any homebuyer currently recieving public housing assistance | Grant |
| Bozeman | HRDC- Down Payment Assistance | Down payment assistance - not specified | First time homebuyer who meets income requirements | Loan |
| Browning | Blackfeet Housing- Home Ownership Program | Home ownership opportunities | Homebuyers who are over the income limit for other Blackfeet Housing programs | Available homes |
| Great Falls | 20+ Community Second Program | Up to $50,000 in down payment assistance | Homebuyers that can meet the income requirements | Second mortgage |
| Great Falls | HOME Program | Up to $50,000 in down payment and closing cost assistance | First time homebuyers that can meet the income requirements | Deferred second mortgage with a 0% interest rate |
| Great Falls | Matched Savings Accounts | Up to $3,000 in down payment assistance | First time homebuyer who makes payments to this savings account | Savings match/grant |
| Helena | Mutual Self Help Program | Home ownership opportunities | Any homebuyer that can meet income requirements | Available homes with loans with interest rates as low as 1% |
| Pablo | Down Payment Assistance | Up to $15,000 in down payment assistance | Members of Confederated Salish & Kootenai Tribes | Second mortgage |
Talk to a local Redfin Agent
Redfin Agents are local experts who can get you better results for lower fees.
Learn more about living in Montana
About us
Find us
Subsidiaries
Affiliated Business
United States
CanadaCopyright: © 2025 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.
Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.