Montana down payment assistance, deep-checked against current state program sources.
A current inventory of state-run and state-administered assistance in Montana, plus national DPA options. Funding and rate sheets can still change after this review date.
Reviewed September 11, 2026 • Joshua Dobson, NMLS #190260
Quick comparison
| Program | Potential assistance | Published min. FICO | Repayment/Forgiveness | Biggest catch |
|---|---|---|---|---|
| Montana Board of Housing Bond Advantage DPA | Up to 5% of sales price, max $15,000 | 620 | 15-year amortizing second; interest generally same as first mortgage | $1,000 borrower investment and education requirements apply. |
| Montana Board of Housing Plus 0% Deferred DPA | Up to 5% of sales price, max $15,000 | 620 | 0% deferred second, no monthly payment; due at sale/refi/payoff/transfer | More restrictive income and DTI rules than standard Bond Advantage. |
Montana Board of Housing Bond Advantage DPA
Montana Board of Housing Bond Advantage DPA is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: 620
Montana Board of Housing Plus 0% Deferred DPA
Montana Board of Housing Plus 0% Deferred DPA is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: 620
National programs Montana buyers should also check
National Homebuyers Fund
NHF multi-state assistance may be available through participating lenders. Current lender/product terms control credit, pricing, assistance and repayment or forgiveness.
Published minimum FICO: product/lender specific
Chenoa Fund
Chenoa Fund provides FHA down-payment assistance through approved lender partners. Current matrices control credit, pricing and second-mortgage terms.
Published minimum FICO: product/lender specific
Montana's biggest DPA lesson
Montana has two direct MBOH DPA structures: an amortizing Bond Advantage second and a 0% deferred MBOH Plus second. Partner set-aside programs may add local/nonprofit assistance but are not separate fixed statewide MBOH cash programs.
Let Josh compare the available programs.
Send the city/ZIP, purchase price, credit range, household income and first-time-buyer status.