Department Of Commerce

Current Rates

All rates are fixed and effective dates vary for each.

Regular Loan Program 

  • 6.375%   Effective: Sept. 29, 2026

MBOH Plus 0% Deferred DPA Loan Program

  • 6.625%  First Mortgage Interest Rate - Effective: Sept. 29, 2026
    0.00%  Second Mortgage Interest Rate (*APR 0.30% based on $6,500 loan) 

Set-aside Loan Program

  • 6.125%   Effective: Sept. 29, 2026

Montana Veterans Home Loan Program

  • 5.375%   Effective: Sept. 29, 2026

Bond Advantage DPA Program

  • 6.625%   First Mortgage Interest Rate - Effective: Sept. 29, 2026
  • 6.625%   Second Mortgage Interest Rate (15 Yr Term) - Effective: Sept. 29, 2026

80%Combined Program

  • 6.625%   Effective: Sept. 29, 2026

COMMUNITY LAND TRUST

  • 6.125%   Effective: Sept. 29, 2026

Habitat for Humanity

  • 2.00%  

Habitat for Humanity IN A CLT

  • 5.875%   Effective: Sept. 29, 2026

Income and Purchase Price Limits

To be eligible for a Montana Board of Housing loan, the purchase price and total annual household income cannot exceed the limits below. Exception for the Montana Veterans’ Home Loan Program* and MBOH Plus 0% Deferred Down Payment Assistance Program** are noted.

The limits listed below apply to the Regular Bond Program, Bond Advantage Program, 80% Combined Program and Mortgage Credit Certificate Program.



For those counties which are not listed, Montana Board of Housing uses the income and purchase price limits labeled “All Other Areas” set forth at the end of the list of counties. *Montana Veterans’ Home Loan Program has a Loan amount limit of $538,036 (Effective July, 24, 2026). No income, purchase price or asset limits apply. Borrower must be a true first-time homebuyer, never owned their principal residence, targeted areas do not apply to this program.

** The MBOH 0% Deferred Down Payment Assistance Program has an income limit of $80,000 for small household (one-two people) and $90,000 for large household (three+).

Montana Board of Housing Income and Purchase Price Limits (PDF)

How to calculate income

Montana Board of Housing must consider household income, which can be different than the qualifying income the lender uses for underwriting purposes. The guide below can be helpful in calculating household income.

Income Determination Guide

 

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