Need Help with your Down Payment?
The Road to Home Progam can help with up to $30,000 to eligible families toward the purchase of your new home! This is not a gift, but a second mortgage with no payments and no interest that can help you afford your first home.
As with any program, there are some qualifications, and these are the basics, in addition to being approved by the Road to Home Program:
Have to be a First Time Home Buyer!
You must have a 1% down payment of your own to contribute to the purchase
You cannot have more than $10,000 of assets after the closing (for questions on this one, call me!)
You must be income eligible, and here the chart:
Family Size and Maximum Incomes
AREA 1 2 3 4 5 6 7
Park County 31,750 36,250 40,800 45,300 48,950 52,550 56,200
Gallatin County 37,900 43,300 48,700 54,100 58,450 62,800 67,100
Your first loan must be a Montana Board of Housing or Rural Development (your lender will know)
This must be your primary residence
You must have a professional home inspection.
These are the basics folks. If you think you qualify and would like more information, please call, I have helped many families into their firstBozeman homes and would be delighted to assist you as well!