State offers down-payment assistance program

Press release

HELENA — It’s not uncommon that first-time homebuyers can afford a monthly mortgage payment, but struggle to save enough money for a down payment and closing costs.

The so-called affordability gap is often the one barrier potential homeowners face that can mean the difference between buying a home or not.

“Down payment assistance is a game changer,” Montana Department of Commerce Director Pam Haxby-Cote said. “It can help Montanans get into a home of their own and provide families with long-term housing stability.”

Montana Housing at the Department of Commerce...