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Bond Advantage Down Payment Assistance

Quick answer

Bond Advantage Down Payment Assistance is a Montana down payment assistance program from Montana Board of Housing. It provides Up to 5% of sales price, maximum $15,000 as a repayable second mortgage. The minimum credit score is 620. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

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Who qualifies for Bond Advantage Down Payment Assistance?

Homebuyer education is required. Borrowers must invest at least $1,000 cash in the purchase.

DetailProgram terms
AssistanceUp to 5% of sales price, maximum $15,000
TypeRepayable second mortgage
Minimum credit620
First-time buyerSee official page
Income limitsSee official page

How does Bond Advantage Down Payment Assistance work with an FHA loan?

Montana's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $15,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://commerce.mt.gov/Housing/Homeownership/Down-Payment-Assistance. Programs can pause when funds run out, so confirm availability with a participating lender.

“Available for up to 5% of sales price, with a maximum of $15,000” — Montana Board of Housing

← All Montana down payment assistance programs

Frequently asked questions

Up to 5% of sales price, maximum $15,000, according to Montana Board of Housing.

Yes — it's a second mortgage with its own repayment terms.

A minimum 620 credit score.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.