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State Benefit·Montana·🏠Housing & Home Loans

Veterans' Home Loan Mortgage Program

Fixed-rate 30-year mortgage at 1% below standard rate for first-time Montana veteran homebuyers.

Verified May 12, 2026againstcommerce.mt.gov

At a glance

Benefit type
Housing & Home Loans — Montana
Who it's for
Veterans, National Guard, Reservists
VA rating needed
No rating requirement
Estimated value
1% below standard mortgage rate
Where it applies
Montana
Last verified
May 12, 2026

What is Veterans' Home Loan Mortgage Program?

Veterans' Home Loan Mortgage Program is a Montana housing & home loans benefit for veterans, national guard, reservists. Fixed-rate 30-year mortgage at 1% below standard rate for first-time Montana veteran homebuyers. The listed value is 1% below standard mortgage rate.

Who qualifies

VeteransNational GuardReservists
  • Available to any veteran
  • Honorable discharge required
  • Montana residency

How to apply

Apply through the official Montana agency.

Open application

Who is eligible

Eligibility

Montana resident. Serving or have served in Montana National Guard, U.S. Armed Forces, or Reserves. Honorable discharge required. Must be a true first-time homebuyer (never owned a primary residence).

What Veterans' Home Loan Mortgage Program covers

Limits

No income or asset limits, but a maximum loan limit applies — $517,020 (effective May 13, 2025). Requires First-Time Homebuyer education class and minimum $2,500 borrower investment. Condos ineligible.

Fixed-rate 30-year mortgage at 1% below the Montana Board of Housing's Regular Bond Loan posted interest rate.

Verified information & sources

Last verified: May 12, 2026

Official source: commerce.mt.gov

Compiled and fact-checked against the official source linked above. Benefit rules and dollar amounts change over time — always confirm current details at the official source before applying. A county Veterans Service Officer (VSO) is a free, accredited advocate who can review your eligibility and help you file at no cost.

Frequently asked questions about Veterans' Home Loan Mortgage Program

Who qualifies for Veterans' Home Loan Mortgage Program?▾
Veterans' Home Loan Mortgage Program is for Veterans, National Guard, Reservists; available to any veteran; montana residency. See the eligibility details on this page and confirm with the official source before applying.
How much is Veterans' Home Loan Mortgage Program worth?▾
The listed value is 1% below standard mortgage rate. Amounts can change — confirm the current figure at the official source linked on this page.
How do I apply for Veterans' Home Loan Mortgage Program?▾
Apply through the official source linked on this page. A county Veterans Service Officer (VSO) can review your eligibility and help you file at no cost.
Where can I verify Veterans' Home Loan Mortgage Program?▾
Benefit rules and dollar amounts change, so always confirm current details at the official source linked on this page. A free, accredited county or state Veterans Service Officer (VSO) can also verify your eligibility and help you apply.

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