Down Payment Assistance Program Now Available to Park County

Park County has just joined the Montana Community Reinvestment Plan, opening doors for residents to access significant financial assistance for down payments on homes. This program could be a game-changer for many aspiring homeowners in the area.

Here's the scoop:

• Up to 30% of home sale price: Eligible homebuyers can receive up to 30% of the home's sale price to help with their down payment.

• No county financial obligation: The program is funded through the state and administered by NeighborWorks, a non-profit organization. There's no cost to taxpayers and no financial burden on the county.

• Targeting those who can afford mortgage payments but struggle with down payments: This program specifically aims to help those who have a steady income but find it challenging to save enough for a down payment.

• Income eligibility: Households earning between 60% to 140% of the area median income are likely eligible. For example, a four-person household with an income between $50,000 and $135,000 could qualify.

Why is this a big deal?

Down payments are often the biggest hurdle to homeownership. This program removes that barrier, making it possible for more people to achieve their dream of owning a home in Park County.

Want to learn more?

Reach out to the Park County Housing Coalition or NeighborWorks to see if you qualify for this exciting program.