First Time Homebuyer Programs in Montana
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a) The Single Family Program - This program was created in the year 1977 and is designed to assist low and moderate income Montanans in purchasing homes in the State of Montana. Primarily, this program is intended to be utilized by first time home buyers, however, if the borrower intends to purchase homes in targeted areas, he/she does not need to be a first time buyer.

b) Reverse Annuity Mortgage Program - This program enables senior Montana homeowners to more substantially provide for their own in-home support. Lower income seniors 68 years or older have the ability to borrow the equity in their homes and benefit from the additional income.

c) Home Investment Partnerships (HOME) Program - This program is a federal block grant program administered by the BOH but is initially directed by the United States Department of Housing and Urban Development (HUD). It is designed to create affordable housing for low-income households.

The Montana Board of Housing does not only offer programs for first time homebuyers. It has also created programs that are intended for renters and existing homeowners who are looking to rehabilitate their homes.

First Time Homebuyer Programs in Montana
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

Homeownership Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.

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First Time Homebuyer Programs in Georgia
In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs.

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Affordable Housing Partnership Program for the First Time Home Buyers in California
The Affordable Housing Partnership Program is a housing opportunity that enables first time home buyers in the State of California to seek financial assistance from lending institutions that have formed a partnership with CalHFA for the purposes of this endeavor.

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First Time Homebuyer Programs in Virginia
In 1972, the Commonwealth of Virginia has constituted the establishment of the Virginia Housing Development Authority in an effort to respond to the needs of Virginians who seek quality, affordable housing.

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