Deferred second loan
City of Great Falls HOME Deferred Second Mortgage
First-time homebuyers · Income limits · Single-family detached · Manufactured home on permanent foundation (larger than single-wide, built after July 1976)
Down payment assistance · Cascade County
Buying a home in Great Falls, MT
7 Great Falls programs and 11 statewide.Great Falls has 7 programs of its own, and 11 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Great Falls’s own programs
Deferred second loan
NeighborWorks Great Falls Owners in Partnership (OIP)
First-time homebuyers · New construction · Income limits · NWGF new-construction homes · High School House · Major-rehabilitation homes
Repayable second loan
NeighborWorks Great Falls Low-Mod Amortizing Second
Income limits · Single-family detached · Manufactured home on permanent foundation · Condo
Deferred second loan
20 Plus Community
New construction · Income limits · Single-family detached, condominium, townhouse, duplex per NWGF underwriting · properties within 20 designated Great Falls target neighborhoods only.
Deferred second loan
Home Amortizing Second Mortgage
New construction · Income limits · Single-family detached, condominium, townhouse, PUD per NWGF underwriting.
Deferred second loan
Home Deferred Mortgage
First-time homebuyers · New construction · Income limits · Single-family detached, condominium, townhouse, PUD per NWGF underwriting.
Assistance grant
Matched Savings Account
First-time homebuyers · New construction · Income limits · Single-family detached, condominium, townhouse per first-mortgage product overlays.
The Great Falls marketThe Great Falls housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Great Falls
- 65.2% single-familysingle-family
- 4.3% townhousetownhouse
- 8.6% 2–4 units2–4 units
- 17.5% 5+ unitscondo & apartment buildings (5+ units)
- 4.4% mobile & othermobile home & other
Condos count. 5 of Great Falls’s 7 local and county programs accept condos. City of Great Falls HOME Deferred Second Mortgage lists single-family detached and manufactured home on permanent foundation (larger than single-wide, built after july 1976). NeighborWorks Great Falls Owners in Partnership (OIP) lists nwgf new-construction homes, high school house, major-rehabilitation homes and manufactured home on permanent foundation (larger than single-wide, built after july 1976).
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Great Falls’s homes were built
pre-19401970s2020+
72.3%
of Great Falls homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$89,000
County area median income, 4 people (HUD)HUD area median income, Cascade County, 4-person household (2026)
$63,373
Great Falls median household incomeMedian household income in Great Falls (Census, 2024)
20 of the 80 programs here set their income limit as a share of Cascade County’s area median income, adjusted for household size. See the published limits for Cascade County
Free help nearbyFree help near Great Falls
3 HUD-approved counseling agencies within 15 miles3 HUD-approved housing counseling agencies within 15 miles
7 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 7 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Montana and nationwide
73 statewide & federal programs11 statewide programs, plus federal options
Great Falls questions
Does Great Falls have its own down payment program?
Yes, 7: City of Great Falls HOME Deferred Second Mortgage, NeighborWorks Great Falls Owners in Partnership (OIP), NeighborWorks Great Falls Low-Mod Amortizing Second, 20 Plus Community, Home Amortizing Second Mortgage, Home Deferred Mortgage and Matched Savings Account. Each is for homes inside Great Falls.
Can I use assistance on a condo in Great Falls?
5 of Great Falls’s 7 local and county programs accept condos. City of Great Falls HOME Deferred Second Mortgage lists single-family detached and manufactured home on permanent foundation (larger than single-wide, built after july 1976). NeighborWorks Great Falls Owners in Partnership (OIP) lists nwgf new-construction homes, high school house, major-rehabilitation homes and manufactured home on permanent foundation (larger than single-wide, built after july 1976). Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Cascade County?
Each program sets its own. 20 of the programs here set theirs as a share of HUD’s area median income for Cascade County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Great Falls?
HUD-approved housing counseling agencies teach homebuyer classes, and 3 agencies are within 15 miles of Great Falls. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
59401 · 59403 · 59404 · 59405 · 59406
Nearby in Cascade
Sources
Sources: agency sites (June–September 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–September 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.