Final Downpayment Assistance Program in Billings, Montana

14 01 2011

Well, it might not be THE final downpayemnt assistance program ;), but it’s the last one in the series of three I plan to cover right now!  The third and final is called Homestart.  The details are as follows: Homestart loan is a matching savings program – it provides $3 for every $1 saved by homebuyer, Borrower must have $1,667 saved to obtain maximum assistance of  $5,000, A pro-rata share of the grant must be repaid if the property is sold within the first 5 years, Borrower must complete First Time Homebuyer Education class, No co-signers allowed.  Again…pretty good stuff.  The tricky part about all of these are mostly the income guidelines.  If you qualify, going to class and saving a little is a great way to get help purchasing a property!  Ask your Realtor or lender for more details, if you’re curious!

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