Are you a current Montana State Resident and thinking about buying your first home? Then you may want to look at a First-Time Home Buyer's Savings Account.
Why Start A First Time Home Buyer's Savings Account?
- It's an easy way to help you save for your dream of home ownership,
- Lowers your Montana State adjusted gross income for annual deposits, up to the allowable limit ($3,000 per year individual, $6,000 per year for married couples filing jointly),
- The annual interest is not subject to Montana State income tax if left in the account or used to purchase a home,
- Deposits can be made for up to 10 years or until you buy your first home,
- Almost ANYONE can contribute to the account - WHAT A GREAT GIFT IDEA for newlyweds, college students, etc. (Tax deduction only applies to account owner however)
This is just an overview of the program, for more information, visit First-Time Home Buyer's Savings Account.
More info on Montana Home Ownership Programs - Great for First Time Homebuyers! Montana Board of Housing!
If you are a first-time homebuyer in Western Montana, contact Kevin & Monica Ray with Access Realty at 406-207-1185 or visit us online at www.YourMT.com. We are experience Buyer's Agents and can help guide you through the home buying process. There is NO COST to you for our services.
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Kevin & Monica Ray are real estate sales and marketing professionals for Access Realty in beautiful Western Montana. For more information on Western Montana, they can be reached at 406-207-1185 or online at www.YourMT.com.
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