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Please
visit homeWORD's Programs:
homebuyer
education
*billings
*missoula
financial education
housing counseling
downpayment assistance
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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
HOMESTART PROGRAM
Through partnerships with
local participating lenders, homeWORD has helped hundreds of families
achieve the dream of homeownership through
the
HomeStart 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. Be sure to check with your lender to verify that
grant funds are still available.
Qualifications
for HomeStart
1. Be a first-time homebuyer
2. Save $1,667 & qualify for a mortgage with a participating HomeStart
Lender
3. Complete a NeighborWorks certified homebuyer education course
4. Qualify for a mortgage & apply for the program through a HomeStart participating
lender: First Interstate Bank, First Security Bank, Missoula Federal Credit
Union,
Mountain
West Bank,
or Community Bank.
5. Have a stable income at or below the following limits (Missoula
County):
1 person-33,250
2 people-38,000
3 people-42,750
4 people-47,500
5 people-51,300
6 people-55,100
7 people-58,900
8 people-62,700
For counties
other than Missoula determine limit for “low income” per
household size at http://www.huduser.org.
For more information on the
HomeStart program call homeWORD
at 532-HOME or contact info@homeword.org.
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.
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