First Time Home Buyer Loan Program

First Time Home Buyer Loan Program es un segundo préstamo diferido para compradores de vivienda en Billings, Montana. City of Billings 0% deferred-payment second mortgage up to $15,000 for FTHB at <=80% AMI purchasing within Billings city limits. HUD HOME-funded. The City of Billings First Time Home Buyer Loan Program offers zero-interest, deferred-payment loans of up to $15,000 to assist low-income households purchase their first home within Billings city limits. Funds may be applied to down payment and closing costs. The loan is at 0% interest with no monthly payments. the full balance is due on sale, refinance, transfer, or when the home is no longer the borrower's primary residence (not put up for rent). Funded through HUD HOME / CDBG programs administered by the Billings Community Development Division. As of April 9, 2026, funding remains available on a first-come, first-served basis. Preference is given to applicants with families of five or more individuals and households that include a person with a disability. Los fondos provienen de Federal y HOME.

First Time Home Buyer Loan Program es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por Full balance due on sale, refinance, transfer of title, or when home is no longer borrower's primary residence (e.g., put up for rent). La ayuda se registra con un gravamen en posición 2nd Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

First Time Home Buyer Loan Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: No exceptions to the 3-year FTHB requirement. Sobre el crédito, el programa indica: No published minimum FICO; per first-mortgage lender requirements. Se requiere un curso de educación para compradores de vivienda, a través de HUD-approved homebuyer education required (NeighborWorks Montana, HRDC, NeighborWorks Great Falls, or other HUD-approved counseling agency). Requisito de residencia: Property must be located within City of Billings limits, Yellowstone County, Montana, and serve as borrower's primary residence. Ciudadanía o situación migratoria: Per HUD eligibility: U.S. citizen or eligible non-citizen. Property must be located within City of Billings limits and be a residentially zoned single-family home. Borrower must be a first-time homebuyer (no ownership of principal residence in past 3 years). Owner-occupied principal residence; cannot be rented out. Annual household income at or below 80% Area Median Income for Yellowstone County / Billings MSA per HUD ($35,580 1p up to $89,400 8p). Maximum purchase price $262,000 (95% of HUD area median sales price; historically published as low as $209,000 - subject to annual update). Preference given to households of 5+ persons and households including a person with a disability.

First Time Home Buyer Loan Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. 80% AMI for Yellowstone County (Billings MSA) per HUD income limits. Per seed: $35,580 (1p) up to $89,400 (8p). El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

First Time Home Buyer Loan Program limita el precio de compra a $262,000. Los tipos de propiedad elegibles incluyen Single-family detached residentially zoned homes within City of Billings city limits. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

First Time Home Buyer Loan Program menciona a veteranos, miembros del servicio militar activo, reservistas y miembros de la Guardia Nacional, cónyuges sobrevivientes y compradores de vivienda con discapacidades entre los grupos a los que atiende. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

First Time Home Buyer Loan Program atiende a compradores de vivienda que compran en Billings, Montana.

Las solicitudes de First Time Home Buyer Loan Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Direct application to City of Billings Community Development; first-come, first-served while funds last. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.