State Buyer Guide
Down payment assistance, Montana housing programs, closing cost estimates, and what to know before buying — including from FSBO sellers.
FSBO sellers take pre-approved buyers seriously. LendingTree lets you compare rates from 200+ lenders in minutes — for free.
Affiliate link — we earn a commission at no cost to you. Disclosure
The Montana Board of Housing (MBOH) is your primary source for below-market mortgage rates and down payment assistance in Montana. Programs are available through approved lenders — not directly through the HFA.
Below-market rate mortgages and DPA for first-time buyers.
Conventional loan program for moderate-income buyers.
Personalized mortgage rates in 3 minutes
See real rates from multiple lenders with one soft credit pull. Credible pays up to $240 per funded loan — which means they have every reason to find you the best rate.
Compare Mortgage Rates →On a $445,000 home: approximately $11,125
Montana has no real estate transfer tax, which helps keep closing costs lower for buyers.
Montana is a title-company state. An attorney is not required at closing, but FSBO buyers should consider hiring one to review the purchase agreement.
Find licensed home inspectors near you
HomeAdvisor instantly matches you with licensed, background-checked home inspectors in your area. Read real reviews, compare quotes, and book online.
Find an Inspector →While Montana doesn't require an attorney at closing, FSBO buyers should strongly consider having one review the purchase agreement and title work.
Nolo has been the go-to legal resource for DIY buyers since 1971. Their real estate guides explain purchase agreements, contingencies, and closing in language anyone can understand.
Browse Legal Guides →Get a real estate attorney to review your purchase agreement or help you draft an offer letter — often for a fraction of traditional legal fees.
Get Legal Help →Download state-specific purchase agreements, addenda, and disclosure forms — written by attorneys, ready to use in your state.
Browse Real Estate Forms →Montana first-time buyers can access programs through the Montana Board of Housing (MBOH) (https://www.housing.mt.gov/), including the MBOH Bond Advantage Program (Below-market interest rates plus DPA through MBOH programs) and the MBOH 80% Program (Competitive conventional rates with reduced mortgage insurance). Federal programs like FHA loans (3.5% down) and USDA loans (0% down in eligible areas) are also available.
Closing costs in Montana typically run 2.5% of the purchase price. Transfer tax: None. Montana has no real estate transfer tax, which helps keep closing costs lower for buyers.
Montana is a title-company state. An attorney is not required at closing, but FSBO buyers should consider hiring one to review the purchase agreement.
The median home price in Montana is approximately $445,000. Property taxes average 0.73% of assessed value annually.
Ready to start the process?