A new program launched by NeighborWorks Montana could help qualified homebuyers cover a portion of the purchase price, in exchange for a limited equity if the home is resold.
Hanna Tester, the home ownership director for NeighborWorks, said the new homebuyer assistance program is available in 22 Montana counties, including Missoula, Sanders, Lake and Mineral counties.
The program serves households earning between 6% and 140% of the area median income. Qualified buyers could receive a contribution of up to 30% of the home’s purchase price.
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