Is your borrower eligible?
HomeStretch is a program designed to make homeownership attainable for Montanans. See the eligibility requirements and program availability map below.
Loan Terms & Conditions
The maximum loan amount is up to 30% of the homes total purchase price.
The assistance does not have an interest rate. The program is paid back through the equity share.
Term: Deferred until triggering event such as sale, refinance, or change in occupancy.
All HomeStretch loans carry a deed restriction detailing the shared equity aspects of the loan.
Repayment Events:
• Sale or transfer of the property
• Refinance of first mortgage
• Change in occupancy
• End of 30-year term
Pre-Qualification:
Homebuyer Education and Counseling
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Borrower must complete a 1:1 session with a HomeStretch counselor. This should occur before borrower is under contract on a home.
Note: Counseling sessions are at no cost to the borrower. Borrowers are not capped at one counseling session should they feel they need or want more time with a housing counselor.
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After close, borrowers will have the opportunity to attend a post-purchase course, available by way of live, remote classroom.
Participating Lenders
The following lending institutions are invested in HomeStretch and can access the program for their borrowers:
