Montana Board of Housing Loan Programs for first-time homebuyers only . MBOH offers low interest rate loans to first-time homebuyers with low to moderate incomes. Primary residence, single family only. MBOH has programs to assist with down payment and closing costs as well as a program to finance purchases and home improvements for the disabled. For borrowers with good to excellent credit.
Loan amounts vary by investor.
Interest rates are typically higher than other loan types and vary depending upon severity of credit problems and other variables. Equity Lines of Credit and Fixed-rate Second Mortgages for borrowers with all types of credit. Allows the borrowers to use the built-up equity in their homes to finance purchases or debt consolidation. Allows the borrower to finance selected home improvements and repairs over the 30 year term of a first mortgage. For purchase or refinance transactions.