HOMEOWNERSHIP CENTER

 

Please visit homeWORD's Programs:

homebuyer education
financial literacy
housing counseling
downpayment assistance


DOWNPAYMENT ASSISTANCE
In addition to the services listed below, homeWORD partners with other non-profit organizations and local government agencies who offer down payment assistance or low-income loans.

MISSOULA HOME$TART PROGRAM
Through partnerships with local participating lenders, homeWORD has helped hundreds of families achieve the dream of homeownership through the Home$tart Program, a savings program to help low-income families save for down payments. For every dollar participants save, the Federal Home Loan Bank of Seattle matches it with an additional $3, up to a $5,000 grant.

Qualifications for Home$tart
1. Be a first-time homebuyer
2. Actively save for at least 6 months
3. Save $1,667 & qualify for a mortgage
4. Complete a certified homebuyer education course
5. Have a stable income at or below the following limits (Missoula County):

1 person-31,000
2 people-35,450
3 people-39,850
4 people-44,300
5 people-47,850
6 people-51,400
7 people-54,950
8 people-58,550

6. For counties other than Missoula determine limit for “low income” per household size at http://www.huduser.org/Datasets/IL/IL05/mt_fy2005.pdf

If interested in applying to the Home$tart program call homeWORD at 532-HOME or contact kathy@homeword.org and ask for an application.

BILLINGS REACH FOR THE DREAM PROGRAM
Downpayment assistance program offered to St. Vincent Healthcare employees and funded by St. Vincent Healthcare and Wells Fargo Housing Foundation. Started in the summer of 2004, 5 families have participated in the program and 1 family has successfully purchased a home!

Contact darrell@homeword.org for more information.

 

 

 
Home$tart graduate speaks at the 2004 Homeownership Center Reception Home$tart participants at their annual gathering Homeownership Center participants and their new home A single mother and Homeownership Center participant speaking about her experience at the 2004 Homeownership Center Reception Home$tart participants annual gathering Family purchases their first home with help from homeWORD's Homeownership Center Guests sign in at the 2004 Homeownership Center Reception
homeWORD Missoula | 127 N Higgins, Ste 307 | Missoula MT 59802
homeWORD Billings | 2722 3rd Ave N, Ste 280| Billings MT 59101-0986