First Time Home Buyer
Billings First Time Home Buyer Class. This is the certified class that will get you a certificate of eligibility for down payment assistance. Depending on the program you are eligible for you can receive up to $15,000 towards your down payment and closing costs.
To be eligible as a First Time Home Buyer you must not have owned a home in the last three years. There are income limits as well, depending on the program that you are applying for. There are many different programs with varying requirements to qualify, so while you many not meet the criteria for one program, there may be another one that you qualify for. Your lender and Realtor should be able to help you through the qualifying process.
It is a great class with outstanding instructors and worth taking even if you are not a first time home buyer or looking for down payment assistance. The topics covered include, lenders, home inspectors, Realtors, home owner insurance among other topics. Jason Lillie has taught this class numerous times and is available to answer any questions you may have.
After you complete the coarse you will be eligible for down payment assistance from programs offered by the the City of Billings, Neighborworks, Rural Development, and the Montana Board of Housing. Please feel free to contact me with any questions.