Government-insured mortgages with low down payments and flexible credit requirements — built for Montana homebuyers.
An FHA loan is a mortgage insured by the Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development (HUD). Because the government insures the loan against default, lenders can offer more favorable terms — including lower down payments, reduced credit score requirements, and competitive interest rates.
FHA loans are one of the most popular mortgage programs in Montana, particularly for first-time homebuyers and borrowers who may not qualify for conventional financing. Whether you are purchasing your first home in Helena, upgrading to a larger property in Bozeman, or buying a home in one of Montana's rural communities, an FHA loan provides a reliable path to homeownership.
As a Montana mortgage brokerage, Renegade Mortgage has access to multiple FHA-approved lenders, allowing us to shop for the best rates and terms on your behalf. We guide borrowers through every step of the FHA process — from pre-approval through closing.
As little as 3.5% down with a credit score of 580 or higher — significantly less than the 20% required by many conventional loans.
FHA loans accept credit scores as low as 500 (with 10% down). Borrowers with past credit challenges may still qualify.
Because FHA loans are government-insured, lenders can offer rates that are often lower than conventional financing.
FHA mortgages are assumable, meaning a future buyer can take over your loan terms — a significant advantage when rates are high.
FHA loans are available to a wide range of borrowers. To qualify for an FHA mortgage in Montana, you generally need to meet the following criteria:
FHA loan limits are set by HUD and vary by county based on local median home prices. Most Montana counties fall under the standard FHA floor limit. Here are the 2026 limits for Montana:
| Property Type | Standard Limit |
|---|---|
| Single-Family (1 unit) | $524,225 |
| Duplex (2 units) | $671,200 |
| Triplex (3 units) | $811,275 |
| Fourplex (4 units) | $1,008,300 |
Some Montana counties — including Gallatin County (Bozeman) — may qualify for higher limits based on local home prices. Contact us for the most current limits in your area.
The minimum down payment for an FHA loan is 3.5% of the purchase price if your credit score is 580 or higher. If your credit score is between 500 and 579, a 10% down payment is required. Down payment funds can come from savings, gifts from family, or down payment assistance programs available in Montana.
FHA loans have more flexible credit requirements than conventional mortgages. You can qualify with a credit score as low as 580 for the 3.5% down payment option, or as low as 500 with a 10% down payment. Your credit history, employment, and overall financial picture are also considered during underwriting.
FHA loan limits in Montana vary by county. For 2026, the standard FHA loan limit for a single-family home in most Montana counties is $524,225. Some higher-cost counties may have higher limits. These limits are updated annually by HUD based on local median home prices.
FHA loans require two types of mortgage insurance: an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount (which can be rolled into the loan), and an annual mortgage insurance premium (MIP) typically between 0.45% and 0.85% of the loan balance, paid monthly. MIP is required for the life of the loan unless you refinance to a conventional mortgage.
FHA loans can be used to purchase single-family homes, duplexes, triplexes, and four-plexes, as long as you occupy one unit as your primary residence. The property must meet FHA minimum property standards, which are verified through an FHA appraisal. Manufactured homes on permanent foundations may also qualify. Investment properties and vacation homes are not eligible for FHA financing.
Our team is here to walk you through the FHA loan process and help you find the right financing for your Montana home. Get pre-approved in minutes or give us a call to discuss your options.