MBOH Plus is a valuable home financing solution provided by the Montana Board of Housing (MBOH). Tailored to support first-time and low-to-moderate-income homebuyers in Montana, this program combines a 30-year fixed-rate mortgage with down payment and closing cost assistance. With a mission to make housing more accessible, MBOH Plus is helping more Montanans own their dream homes.
💡 What Is the MBOH Plus Program?
The MBOH Plus Program offers affordable mortgage financing with the option of receiving up to $6,500 in down payment and closing cost assistance. This assistance is provided as a 0% deferred-payment second mortgage that is only repaid when the home is sold or refinanced.
✨ Key Benefits of MBOH Plus
- Competitive 30-year fixed interest rate mortgages
- Up to $6,500 in assistance for down payment and closing costs
- No monthly payments on the second mortgage
- Designed for first-time and repeat buyers
- Can be used with FHA, VA, RD, or Conventional Loans
🧭 Who Is Eligible?
To qualify for MBOH Plus, applicants must meet the following criteria:
- Be a first-time homebuyer (exceptions in targeted areas)
- Meet income and purchase price limits set by the program
- Minimum credit score of 640
- Occupy the home as a primary residence
- Complete a homebuyer education course approved by HUD
📋 How to Apply for MBOH Plus
Homebuyers can access the program by working with participating lenders approved by the Montana Board of Housing. The application steps include:
- Find an MBOH-approved lender
- Complete pre-qualification and select your mortgage option
- Enroll in and complete a certified homebuyer education course
- Apply for the MBOH Plus program with lender assistance
👉 Visit the Official MBOH Plus Program Page
🔗 Montana Housing Assistance Resources
- 🏡 Montana Public Housing
- 📊 How To Apply For Section 8 in Montana
- 📌 Housing Choice Voucher Montana
- 📝 Montana First Time Homebuyer
- 💵 Down Payment Assistance Programs In Montana
📣 Why Choose MBOH Plus?
MBOH Plus is a thoughtful, inclusive housing program that addresses the needs of many Montana families. By reducing the financial burden of down payments and closing costs, this initiative creates more equitable pathways to stable homeownership.
The program is especially beneficial for first-time buyers and those with limited savings, enabling them to make competitive offers in today’s market without exhausting their finances.
🌍 Statewide Impact in Montana
Montanans from all regions—from Billings to Bozeman and Great Falls to Missoula—have benefitted from MBOH Plus. The program’s support for rural and urban homebuyers alike reflects its mission to strengthen communities and provide safe, affordable housing across the state.
📚 Education and Empowerment
The program’s requirement for homebuyer education ensures participants are well-informed. This knowledge helps buyers make smart financial decisions, understand their mortgage obligations, and confidently manage their new homes. It’s not just about buying a house—it’s about creating long-term success as a homeowner.
The MBOH Plus Program is a powerful tool for aspiring homeowners in Montana. Its blend of affordability, support, and education makes it one of the most effective housing assistance options in the state.