Homeownership advice you can trust -
Unless you have cash to pay the total cost, you will likely have to get a loan to purchase your home. A mortgage lender can help you before you go looking for a home by giving you an estimate of how much you might be able to borrow based on your income and credit history.
Most first-time homebuyers do not have that much and therefore must qualify for a loan that includes mortgage insurance from federal agencies such as FHA, Rural Development and the Department of Veterans’ Affairs, or from private companies. Providers of mortgage insurance have criteria they use to determine whether or not a borrower can qualify for a loan. The process of comparing your proposed purchase, credit scores, and income with the criteria of the mortgage insurance provider is called underwriting.
Participating MBOH Lenders in Montana
Click on the map to find the lenders in that community who specialize in first-time homebuyers.
|509 1st Avenue South - Great Falls, Montana 59401 Phone: (406) 761-5861 Fax:(406) 761-5852 Toll Free: (866) 587-2244|