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 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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First Time Homebuyer Programs in New York
The State of New York cares so much about its people. It looks out for them and constantly ascertains that their best interest is always protected. One of the ways in which the state has manifested this concern is through the establishment of the State of New York Mortgage Agency, more commonly referred to as SONYMA, which is a public authority established in 1970 designed to provide reasonable and affordable home-ownership opportunities to low and moderate income New Yorkers, especially to first time home buyers.

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Alabama Housing Finance Authority
The Alabama Housing Finance Authority, more commonly referred to as AHFA, is a public corporation which was established in the year 1980 under the Act No. 80-585 of the Alabama Legislature.

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Section 8 Housing Choice Voucher Homeownership Program
The Connecticut Housing Finance Agency has been administering the Section 8 Housing Choice Voucher Homeownership Program wherein they intend to offer home loans at reasonable, below-market rates to Section 8 tenants who wish to purchase a home of their own.

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