First-Time Homebuyer Downpayment Assistance Programs

Navigating the path to homeownership can be a complex journey, especially when it comes to gathering the necessary funds for a down payment. Recognizing this challenge, Opportunity Bank of Montana offers opportunities for first-time homebuyers through down payment assistance programs like the Affordable Housing Program (AHP) and the Community Investment Program (CIP).

These programs are uniquely available through Federal Home Loan Bank (FHLB) member banks, such as ours, and not through mortgage companies or brokers. This distinction ensures that when you work with us, you're gaining access to specialized financial support that's not widely available elsewhere.

Qualification Requirements for Borrowers:

• Income Criteria: Your income should typically be at or below 80% of the area median income.
• First-Time Homebuyer: You must usually be buying a home for the first time, though there can be exceptions.
• Primary Residence: The property you're buying should be your main home.
• Education: A homebuyer education course might be required to prepare you for homeownership.

Why Choose Us:

• Exclusive Access: These programs are available exclusively through FHLB member banks, offering a unique advantage over non-member entities like mortgage companies.
• Personalized Support: Our dedicated team provides one-on-one guidance throughout the application process, ensuring you understand how to meet the program requirements and maximize the benefits.
• Community Focus: We're committed to supporting the communities we serve by making homeownership more accessible and affordable.

Getting Started:

• Reach Out: Contact a member of our mortgage team to discuss your eligibility and the specifics of the down payment assistance programs.
• Prepare Your Documents: Collect necessary financial statements, proof of income, and any other required documentation.
• Educational Courses: If needed, sign up for and complete a qualifying homebuyer education course.
• Apply: With our guidance, fill out and submit your application to take the first step toward homeownership.

Our affiliation with FHLB not only allows us to offer these exclusive programs but also ensures that we adhere to the highest standards for our customers. If you're ready to explore these down payment assistance opportunities, contact a member of our mortgage team today. 

Contact our Mortgage Team