20 Plus Community

20 Plus Community is a deferred second loan for homebuyers in Great Falls, Montana. NWGF amortizing or deferred second mortgage targeted at 20 designated Great Falls neighborhoods for neighborhood revitalization. Open to FTHBs and repeat buyers up to 125% AMI. The 20 Plus Community program from NeighborWorks Great Falls (NWGF) provides amortizing or deferred second mortgages targeted at homebuyers purchasing in 20 designated Great Falls target neighborhoods identified by NWGF for neighborhood revitalization (typically older inner-city neighborhoods including Lower North Side, Lower South Side, West Bank, etc.). Loan amount sized to need (typically $2,500-$30,000), with structure (amortizing vs deferred) varying by income tier. Combined with NWGF Homebuyer Education + Homeownership Success Workshop. Promotes neighborhood stabilization and owner-occupancy in targeted Great Falls neighborhoods. Pairs with first mortgages from MBOH or NWGF/NWMT lender partners. Funding comes from Local and NWGF.

20 Plus Community is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Amortizing tier: monthly payments per loan term. Deferred tier: balance due on sale, refinance, payoff, or non-owner-occupancy. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

20 Plus Community is open to homebuyers who will live in the home as their primary residence. On credit, the program states: 640 minimum mid-FICO typical; per NWGF and first-mortgage lender underwriting. A homebuyer education course is required, through NWGF Homebuyer Education ($75 per household) and Homeownership Success Workshop required. Available in-person at NWGF Great Falls office or online via eHomeAmerica. Residency requirement: Property must be located within one of the 20 designated NWGF target neighborhoods in Great Falls, Cascade County, Montana, and serve as borrower's primary residence. Citizenship or immigration status: Per first-mortgage product overlays. Property MUST be located within one of the 20 designated NWGF target neighborhoods in Great Falls. Owner-occupied primary residence. Income at or below 125% AMI for Cascade County (per seed: $47,050 1p up to $138,672 8p). Min 640 FICO typical (per first-mortgage lender / NWGF underwriting). 45% max DTI. NWGF Homebuyer Education + Homeownership Success Workshop required.

20 Plus Community limits household income to 150% of the area median income, which varies by county and household size. Up to 125% AMI Cascade County per seed: $47,050 (1p) up to $138,672 (8p). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

20 Plus Community caps the purchase price as follows: Per first-mortgage product (no NWGF program-specific cap published). Eligible property types include Single-family detached, condominium, townhouse, duplex per NWGF underwriting and properties within 20 designated Great Falls target neighborhoods only. New construction is eligible. Manufactured homes are not eligible.

20 Plus Community names active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

20 Plus Community serves homebuyers purchasing in Great Falls, Montana. The program targets specific areas: 20 designated NWGF target neighborhoods within Great Falls (typically older inner-city neighborhoods identified by NWGF for revitalization). Map / list available from NWGF.

Applications for 20 Plus Community go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Direct application to NWGF; subject to funding availability and homebuyer education completion. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.