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

First Time Homebuyer Programs in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is a self-supporting quasi-public housing agency operating within the State of Connecticut. The agency was established in the year 1969 in an effort to address the concerns regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

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First Time Homebuyer Programs in Arkansas
The Arkansas Development Finance Authority was primarily created to develop safe, decent and affordable housing for low and moderate income Arkansans. The authority's primary goal is to administer funding in the form of tax exempt bonds and other debt instruments through several programs which are divided into three main categories: Economic Development, Homeownership, and Affordable Rental Housing.

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Keystone Government Loan Program for Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been running the Keystone Government Loan Program in which it intends to provide first mortgage financing on loans that are insured by the Federal Housing Administration, the Rural Development, and the Department of the Veterans' Affairs.

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Down Payment Assistance Loan for First Time Home Buyers in New York
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.

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