Missoula First-Time Home Buyer & Move- Up Home Buyer Tax Credit
New Legislation
New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:
Extends deadlines for purchasing and closing on a home.
Authorizes the credit for [...]
We just received this update on the Montana Board of Housing program for 2010 from our friends at First Security Bank in Missoula. As of 1/7/10:
Montana Board of Housing 2010 PROGRAM
*Reservations accepted on a “First Come, First Serve Basis”
*Interest rate is 5.125%
*Term is 30 year mortgage
*1% Origination Fee
*1% Discount Fee
*Eligible loans: FHA, VA, [...]
USDA Direct Loan – Montana Home Buyer Programs
USDA Rural Development
www.rurdev.usda.gov/mt/
Program Overview
USDA Direct Loan is a loan that provides low- and very low-income applicants with 100% financing with no private mortgage insurance. Applicants must qualify through a local Rural Development office. Applicants may obtain financing to purchase an existing dwelling, purchase a site and construct [...]
VA Loan – Montana Home Buyer Programs – Real Estate
Department of Veterans Affairs
www.homeloans.va.gov
Program Overview
VA Loan is a program in which the VA is authorized to guarantee loans to eligible veterans to build a house in which the veteran will occupy the home. The no down payment loan may include simultaneous purchase of the land [...]
Fannie Mae Expanded Approval with Timely Payment Rewards
Fannie Mae MyCommunity Mortgage
Program Overview
Fannie Mae Expanded Approval with Timely Payment Rewards is a an option in Fannie Mae’s Desktop Underwriter automated underwriting system that allows lenders to take a more comprehensive view of a borrower’s credit-worthiness. As a result, lenders can offer mortgage loans to many [...]
FHA Loan – Missoula Real Estate – Montana Home Buyer Assistance Programs
Program Overview
FHA Loan is a offers a standard fixed-rate loan for 1- to 4-family owner-occupied houses and only requires a mimimum down payment of 3.5% from the borrower. This loan permits 100% of closing costs to be a gift from a relative or government [...]
