Senior Citizen Loan Programs

Who is Eligible

To be eligible for a HECM loan:

• you, and any other current owners of your home, must be aged 62 or over, and live in your home as a principal residence;

• your home must be a single-family residence in a 1- to 4-unit dwelling, a condominium, or part of a planned unit development (PUD). Some manufactured housing is eligible, but cooperatives and most mobile homes are not (although some cooperatives may become eligible by the end of 2003);

• your home must be at least one year old and meet HUD's minimum property standards, but you can use the HECM to pay for repairs that may be required; and

• you must discuss the program with a counselor from a HUD-approved counseling agency. NWGF does not provide HECM loans, however, we do the mandatory 3rd party counseling session.

Call our office at 406-761-5861 or send email to info@nwgf.org.

Anna's Story

Anna loved her old home and wanted to stay there. But she needed a main floor bathroom and laundry room since she could no longer handle stairs very well.

A renovation loan from NWGF helped Anna make the bathroom and laundry improvements, plus other changes that
made the home safer and more comfortable.

Anna looks forward to many years in her
long-time family home.