HomeNow Down Payment Assistance
MoFi has welcome news for everyone that’s ever dreamed of buying a home but can’t figure out how to make it a reality.
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.
View the Frequently Asked Questions for more details.
Find a HomeNow Lender
Are You Eligible?
You can afford a monthly mortgage and existing debts but don’t exceed the program’s income limits
You have a credit score of at least 640
You’re buying a home in Montana (doesn’t have to be your first home purchase)
Fill out the form below to hear from a HomeNow expert at MoFi.
Who uses HomeNow?
What kind of mortgage do I need?
How much down payment assistance can a buyer get?
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 conventional or 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 only)
What are the interest rates?
Do I have to be a first-time homebuyer?
What is the minimum qualifying credit score for Montana down payment assistance with HomeNow?
Are there income restrictions?
Do I have to take a homebuyer education class?
How do I apply?
How do I find a participating lender?
HomeNow is a product of MoFi, a 501(c)3 nonprofit organization.