Upcoming Training
A required training session is coming up for all HomeStretch–approved lenders. Now that the program has been in place for three months, NeighborWorks Montana (NWMT) would like to reconnect with lender partners to review program guidelines, address questions that have come up in practice, and gather your feedback.
​
Please register for the session date that works best for you. All sessions will be held from 9:00–10:00 a.m. on the scheduled days.
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
02
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.
03
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:
