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Real Estate Loans

Mortgages to suit your needs from folks who’ve been around the block.

 
Family moving

Buying a home will be among your life’s biggest purchases—likely the largest investment you’ll make. We want to help you make the most informed decision when considering various home loan options. There’s a lot to consider. Your new home should be affordable, a place where you can plant your life, and have room for it to grow. Of course, there’s the matter of finding the right mortgage at a competitive rate. When it comes to navigating the maze of loan options and requirements, our experienced pros are here to help. Our team brings over four decades of experience connecting home buyers with affordable financing. We offer the options to meet your needs:


  • Your first home
  • Living the dream home
  • Vacation home
  • Retirement home
  • Investment property
  • Refinance your Home 
  • Lines of credit


 

A conventional mortgage is a loan that is not guaranteed or insured by any government agency. Conventional mortgages can be conforming or non-conforming. Conforming mortgages follow Fannie Mae, Freddie Mac and Government-Sponsored Enterprise (GSE) guidelines. A typical conventional mortgage offers a longer repayment term, fixed rate options, and down-payment requirements as little as 3%. They’re available for financing one to four primary residences, second homes and investment properties.

Federal Housing Authority (FHA) loans are federally-backed and provided by an FHA-approved lender. FHA loans typically have lower minimum down-payment requirements than conventional loans and are more flexible with regard to credit score requirements. FHA loan recipients are required to carry mortgage insurance and need to live in the residence for the first year. These loans typically have lower rates than conventional loans.

Rural Development (RD) loans are designed to serve buyers in identified rural areas. These mortgages are guaranteed by the US Department of Agriculture (USDA), which sets lending guidelines. These loans are provided by approved lenders, and offer 100% financing, low rates, and affordable payments. RD loans have income limits based on family size.

Since 1944, active-duty service members, veterans, reservists and surviving, unmarried spouses, have attained affordable home ownership through the VA loan program. These loans are backed by the US Department of Veterans Affairs (VA), and provided by approved lenders. They allow qualifying buyers to secure 100% financing at lower rates and fees than with conventional mortgages.

Montana Board of Housing (MBOH) works with partners across the state to ensure Montana’s hard-working families and communities have safe and affordable homes. MBOH accomplishes this by issuing tax-exempt bonds, administering federal housing programs, offering down payment assistance and working with cities, counties, non-profits, lenders, employers and others who are willing to step in and help make home ownership happen.

A jumbo mortgage, or jumbo loan, is financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Limits across the nation vary by county. A jumbo loan is not eligible to be purchased, guaranteed or insured by Fannie Mae or Freddie Mac or subject to Government-Sponsored Enterprise (GSE) guidelines. Sometimes designed to finance luxury properties and homes, jumbo mortgages come with unique underwriting requirements. Jumbo loans typically require higher down payments.

A portfolio loan is one that the lender keeps ‘on-their-own-books’ rather than selling on the secondary mortgage market, where lenders buy and sell loans and servicing rights. These mortgages are often used to serve customers who fall just outside the guidelines for a secondary market loan.
We proudly serve the communities of Missoula, Hamilton, Corvallis, Stevensville, Lolo, Thompson Falls and Plains Montana.