Ready to buy a home, but need help with a down payment?
If you’re a hardworking Montanan who qualifies for a mortgage but doesn’t have the cash on hand for a down payment, ask your lender about HomeNow. The program covers up to 100% of down payment and closing costs, and it’s not limited to first-time homebuyers. The best part? You can start building long-term equity and a stable financial future, and you don’t have to keep waiting for your dream home.
Am I eligible for HomeNow down payment assistance?
You might be eligible if:
You can afford a monthly mortgage but don’t exceed your
program’s income limits
You have a credit score of at least 640
You’re purchasing a home in Montana
You’re working with a participating HomeNow lender (find a local lender below)
Find a HomeNow Lender
How do I find a participating lender?
How do I apply?
Do I have to take a homebuyer education class?
Are there income restrictions?
What is the minimum qualifying credit score for Montana down payment assistance with HomeNow?
Do I have to be a first-time homebuyer?
What are the interest rates?
Do I have to pay back any portion of the down payment assistance?
- A non-repayable grant that provides the instant equity that’s yours to keep and does not need to be repaid, ever. (Available for government-insured mortgages)
- A 0% interest, deferred loan that does does not require payment until the borrower pays off the home, sells, or refinances. (Available for conventional mortgages)
How much down payment assistance can a buyer get?
What kind of mortgage do I need?
Who uses HomeNow?
HomeNow is a product of MoFi, a 501(c)3 nonprofit organization.