509 1st Avenue South, Great Falls, MT 59401 | 406-761-5861

 
Becomeimage

Income Guidelines

Adjusted Median Income for Cascade County by Family Size

June 2016
Household Size  

1 2 3 4 5 6 7 8
 Median Income
 
 100%     $42,250   $48,250  $54,313 $60,313 $65,188 $70,000 $74,813 $79,625
 
 80%  
 
$33,800 $38,600 $43,450 $48,250 $52,150 $56,000 $59,850 $63,700
 
 115%  
 
$48,588 $55,488 $62,459 69,359 $74,966 $80,500 $86,034 $91,569
 
120%  
 
$50,700 $57,900 $65,175 $72,375 $78,225 $84,000 $89,775 $95,550
  125% 

$52,813 $60,313  $67,891   $75,391 $81,484 $87,500 $93,516  $99,531

For families at or below 80% of median income, NeighborWorks Great Falls offers deferred mortgages which have no monthly payments, but are repaid with appreciation share when the home is sold by the first buyer.

For families at or below 115% of median income who will be getting an FHA First Mortgage, NeighborWorks Great Falls offers amortizing mortgages, which can be used for part of the 3.5% borrower-required down payment.

For families at or below 125% of median income who will be getting a conventional, VA or Rural Development First Mortgage, NeighborWorks Great Falls offers amortizing mortgages, which can be used for most of the down payment required.