Home Loans Information

Located in the North Western United States, with a number of island ranges, prairie landscape and Rocky Mountain backdrop, Montana embodies the freewheeling spirit of the American west. The name of the state is derived from the Spanish word for mountains, understandable when looking at the ranges that cut through the state; the Rocky Mountains, Bitterroot Mountains, Cabinet Mountains, Sapphire Mountains, Flint Creek Range, Anaconda Range and the Missions. Aptly nicknamed Big Sky Country and the Treasure State, the history of Montana was heavily influenced by Cattle Ranching, Railroads and violent battles over land ownership between the U.S. military and tribes native to the area. Famously, Montana native Jeannette Rankin was elected as the first female member of congress in 1916. During Rankin’s two terms in congress she was noted as one of only 50 members of Congress to vote against U.S. involvement in World War One, and as the only member of Congress to vote against American involvement in World War Two. A state noted for its patriotism, the number of Montana natives to serve in during WWI was 25 percent higher per capita than any other state in the country. WWII also saw Montana send more soldiers per capita than almost every other state.

Today, the population of Montana is 1, 015, 165. The economy of the state is highly dependent on farming, ranching and agriculture. The state also lures in millions of tourists each year, because of the presence of scenic National Parks, including Yellowstone and Glacier National Park.

The state is the location for, and there is an active-duty population of just over 10, 000. The veteran population of Montana is slightly over 102, 000. Malmstrom Air Force Base is the home of 341st Missile Wing. The wing is an intercontinental ballistic missile unit, with a mission of “defending America with safe, secure, effective nuclear forces and combat-ready airmen.”

The state of Montana makes a great place for veterans to purchase a home, with its wide open spaces and legendary geography. Prominent activities in the area include fly-fishing, whitewater rafting, boating, hiking, mountain biking, horseback riding and skiing. Floating is often considered a Montana-centric experience, consisting of friends, inner tubes, rapids and adult beverages.

For veterans and service members planning to purchase a home using a VA-backed home loan, a termite inspection is not required.

A property tax exemption is available to veterans who are 100 percent disability as a result of their service.

Montana Short Sale Assistance:

Montana homeowners who need short sale assistance (non-VA loans included) should call 888-573-4496 or complete the below form. If you live in Montana and are a veteran, active duty, or reservists, and now you need help with your short sale, we can provide assistance. With short sale assistance, there’s no cost to you, as the homeowner, and your ability to purchase another home in the future using a is not impacted. Additionally, your security clearance is not effective and there is minimal effect to your credit score, if you’re current on your loan.

VA Home Loan Information for the State of Montana

NOTE: The following is for information purposes only.

To find out the exact dollar amount you qualify for, call the VA Home Loan Centers Applications Support Desk at 888-573-4496 or fill out the VA Home Loan Application located here.

The loan limits below are the maximum 2016, $0 down VA loan amount set for each county, incorporated city, or municipality (as listed below). Although there is no maximum loan amount, the maximum no money down VA home loan limits are stated as follows.

1. Anaconda- Deer Lodge County $417, 000
2. Beaverhead County $417, 000
3. Big Horn County $417, 000
4. Blaine County $417, 000
5. Broadwater County $417, 000
6. Carbon County $417, 000
7. Carter County $417, 000
8. Cascade County $417, 000
9. Chouteau County $417, 000
10. Custer County $417, 000
11. Daniels County $417, 000
12. Dawson County $417, 000
13. Fallon County $417, 000
14. Fergus County $417, 000
15. Flathead County $417, 000
16. Gallatin County $417, 000
17. Garfield County $417, 000
18. Glacier County $417, 000
19. Golden Valley County $417, 000
20. Granite County $417, 000
21. Hill County $417, 000
22. Jefferson County $417, 000
23. Judith Basin County $417, 000
24. Lake County $417, 000
25. Lewis And Clark County $417, 000
26. Liberty County $417, 000
27. Lincoln County $417, 000
28. Madison County $417, 000
29. Mccone County $417, 000
30. Meagher County $417, 000
31. Mineral County $417, 000
32. Missoula County $417, 000
33. Musselshell County $417, 000
34. Park County $417, 000
35. Petroleum County $417, 000
36. Phillips County $417, 000
37. Pondera County $417, 000
38. Powder River County $417, 000
39. Powell County $417, 000
40. Prairie County $417, 000
41. Ravalli County $417, 000
42. Richland County $417, 000
43. Roosevelt County $417, 000
44. Rosebud County $417, 000
45. Sanders County $417, 000
46. Sheridan County $417, 000
47. Silver Bow County $417, 000
48. Stillwater County $417, 000
49. Sweet Grass County $417, 000
50. Teton County $417, 000
51. Toole County $417, 000
52. Treasure County $417, 000
53. Valley County $417, 000
54. Wheatland County $417, 000
55. Wibaux County $417, 000