Financing
options
Lenders offer a variety of loan instruments to fit home buyers’ needs and interests. Take time to meet with a loan officer at your preferred bank or mortgage company who can assist you in exploring the available options and pre-qualify you for the home of your dreams.
Types of Loans and Resources
Conventional Loan:Conventional loans have established guidelines for borrower credit scores, income requirements and minimum down payments. Most conventional loans require a minimum of 5 percent down and have either fixed or adjustable interest rates. Typical fixed interest rate loans have a term of 15, 20 or 30 years. A shorter-term loan usually results in a lower interest rate.
Montana Veterans Home Loan Program:Created by the 2011 Montana Legislature and funded by $15 million of the Coal Tax Trust Fund, this program is designed to assist Montana National Guard and federally-qualified eligible veterans and their families achieve the American dream of owning and living in their own homes. The benefit of the program is a fixed-rate, 30 year mortgage loan at 1% lower than either the FNMA or MBOH posted interest rate. There are no income limitations, but $2,500 minimum investment required by borrower towards the loan amount. http://housing.mt.gov/About/homeownership/mtveteranhomeloan.mcpx
Regular VA Home Loan Program:The Veterans Administration (VA), insures the loan so your lender can offer you a better deal. Down payment is -0-% of the purchase price. The closing costs and fees can be paid by the seller.
FHA Loan:The Federal Housing Administration (FHA), which is part of HUD, insures the loan so your lender can offer you a better deal. Down payment can be as low as 3.5% of the purchase price. Most of your closing costs and fees can be paid by the seller. http://portal.hud.gov/hudportal/HUD?src=/buying/loans
NeighborWorks MontanaNeighborWorks Montana offers a variety of loan programs that enable individuals and families of lower and moderate income to achieve the American Dream of homeownership. Eligibility for all programs depends on income, number of people in the family, and credit worthiness. NeighborWorks provides home purchase financing through down payment and closing cost assistance as well as matched savings accounts. http://www.nwmt.org/
184 Native American Housing Program184 Indian Housing Loan Guarantee Program is designed to offer homeownership and new construction opportunities for eligible Native American individuals or families who want to own a home. Montana Board of Housing partners with HUD, who administers the program, to provide affordable mortgage rates for HUD 184 insured loans. Loan benefits include a 30-year fixed rate loan, with no origination or discount points charged at closing. Must be a first-time homebuyer in Lewis & Clark County and a member of a federally-recognized tribe. http://housing.mt.gov/About/homeownership/hud184.mcpx
Don KesslerMortgage Loan Officer
406.442.4522 direct
406.439.9533 cell
[email protected]
www.opportunitybank.com
Matthew J. TedescoHome Lending Sales Manager
406.417.6983 office
303.378.8614 cell
[email protected]
www.flagstar.com/mtedesco
Crystal Eckerson,NMLS # 400351Mortgage Loan Originator
406.457.4062 direct
406.461.6596 cell
[email protected]
www.opportunitybank.com
Corey HillBranch Manager
406.457.5205 direct
406.461.7969 cell
[email protected]
helena.mannmortgage.com
Tracy KuehnAssistant Branch Manager
406.449.9800 direct
406.439.6672 cell
[email protected]
www.fcbank.net
JR McFaddenBranch Manager, Sr. Mortgage Loan Officer
406.443.2870 office
406.465.1918 cell
[email protected]
https://majormortgage.com/helena-montana/
Sales Center
431 S. Alice Street
Helena, MT 59601
406-449-0800
Located in the City of Helena, 1.5 miles East/Southeast of I-15 just off highway 12E; minutes from Downtown, the Capitol, and St. Peter's Hospital
With home values on the rise, it isn't surprising that more buyers are searching for standout properties that meet the interests of the discerning homebuyer. Considerations such as features, benefits to home owners, neighborhood design and community amenities now more than ever play a key role in determining where to build or purchase a custom home. Not all custom home buyers want to deal with the time and upkeep on acreage and many want the advantages of living close to social and dining enclaves and other lifestyle amenities. They want the confidence and convenience of city sewer and water services, police and fire protection and complete streets and sidewalks and perhaps most of all, they want to feel confident that neighbors are as concerned about their homes as they are of their own. That is why so many home buyers are choosing Mountain View Meadows for their new custom home or to find the perfect plan to customize to fit their needs. Stop by our office today to discover for yourself what is truly unique and different about Mountain View Meadows.