First Montanan Takes Advantage of New Home, Down-Payment Gift - ABC FOX Montana Local News, Weather, Sports KTMF | KWYB

First Montanan Takes Advantage of New Home, Down-Payment Gift

Posted: Updated:

A single mother from Missoula is the first to take advantage of a new program in Montana that gifts you a down payment for your home.

When something sounds too good to be true, it usually is not true,

This is not one of those cases.

McKenzie Kaiser and her daughter Berlyn walk across the threshold of the first home they've ever owned

McKenzie Kaiser, new homeowner, says, "C'mon Love!"

It’s a home that could be in a painting, and it paints a picture of big changes in their lives

Berlyn Kaiser, McKenzie’s daughter, says, "I like it.  It’s big."

McKenzie says, "It's bigger than what we had right?"

Berlyn answers, "And I have my own bathroom."

"You do,” says McKenzie. “How cool are you?!"

And how cool is this?  McKenzie, 28, a single mom, bought the home with virtually no money out-of-pocket.

Her down payment was gifted to her by the Montana Idaho Community Development Corporation, or MICDC.

Melanie Callahan, MICDC, says, “The program is call the HomeNow Down Payment Assistance Program.  It is for borrowers who are looking for a little bit of help with their closing costs and down payment so they can get into a home."

Here’s how it works:  The MICDC gives you up to five-percent of a home's sales price.  This is enough money to qualify for a 30-year, fixed-rate mortgage through FHA, VA, HUD or Rural Development.  Your income has to be within those program guidelines - - about 70-thousand dollars a year for a family of four - - you must have a minimum credit score of 640 - - the home must be your primary residence - - and it must be in Montana.

Melanie says, “People just generally don't have that chunk of money sitting in savings.  Or even if they do, when they go to buy a house, it wipes out their savings account."

In fact, a recent survey shows 30-percent of Americans have a zero balance in their savings account.  62-percent have less than a thousand dollars in savings.

Julie Latham, Mann Mortgage loan originator, says, “It's exciting!"

Latham found McKenzie her loan.  She says the MICDC's program is different from other no-down payment programs because a down payment is made, and it doesn't need to be paid-back.  That means from day-one there is equity in the home.

 “This new mortgage payment is not a lot different than what she was paying in rent,” says Latham.  “And for her to build equity and have that as an asset one day is huge."

Moving day for McKenzie.  She only has to take a couple of steps to give us a tour of her 800 square foot apartment,

"Having a kid and living in an apartment is not ideal,” says McKenzie.

As McKenzie stands in her new home, she says, “Just knowing that we've got somewhere - - I don't have to move for another five to seven years - - she can stay at the same school - - it's great.  It means the world to me."

Berlyn is most excited to have her own bedroom and bathroom, she's already planning her first sleepover.

McKenzie says to Berlyn, “It's good to have somewhere to come home, huh?"

A home to call their own.

Montana is one of only about 20 states that has a program like HomeNow. It’s now available everywhere in the state.

You can go to www.MTCDC.org to sign-up.

  • StatewideMore>>

  • Sporting goods store closing after 61 years

    Sporting goods store closing after 61 years

    Thursday, June 21 2018 11:15 PM EDT2018-06-22 03:15:36 GMT

    After serving the Mission Valley for more than 60 years...

    After serving the Mission Valley for more than 60 years...

  • "It's about damn time": Clean-up of Butte Parrot tailings begins

    "It's about damn time": Clean-up of Butte Parrot tailings begins

    Thursday, June 21 2018 7:55 PM EDT2018-06-21 23:55:40 GMT

    It's a day some Butte residents never thought they'd see: shovels breaking ground to clean-up the toxic Parrot tailings.

    It's a day some Butte residents never thought they'd see: shovels breaking ground to clean-up the toxic Parrot tailings.

  • Community supporting Special Olympics athlete Gary Fuller

    Community supporting Special Olympics athlete Gary Fuller

    Thursday, June 21 2018 7:33 PM EDT2018-06-21 23:33:47 GMT

    MISSOULA - Mentors, coaches and friends are hopeful that Gary Fuller's determination will help him pull through after a serious head injury inflicted by an assault. His friends and family describe him as selfless, helpful and kind, above all. "If everyone lived life like Gary did, the world would be a lot better place," says WyAnn Northrop. Northrop was Fuller's life skills special education teacher, and his first coach for the Special Olympics. "These pictures brin...

    MISSOULA - Mentors, coaches and friends are hopeful that Gary Fuller's determination will help him pull through after a serious head injury inflicted by an assault. His friends and family describe him as selfless, helpful and kind, above all. "If everyone lived life like Gary did, the world would be a lot better place," says WyAnn Northrop. Northrop was Fuller's life skills special education teacher, and his first coach for the Special Olympics. "These pictures brin...

  • Most Popular

  • Most Popular StoriesMost Popular StoriesMore>>

  • Two injured in Montana after swerving to avoid a kangaroo or wallaby

    Two injured in Montana after swerving to avoid a kangaroo or wallaby

    Thursday, June 21 2018 7:02 PM EDT2018-06-21 23:02:48 GMT
    kangaroo (Wikimedia Commons)kangaroo (Wikimedia Commons)

    UPDATE: Sources now indicate that the animal may actually have been an escaped wallaby from a petting zoo on the Fort Belknap Reservation.

    UPDATE: Sources now indicate that the animal may actually have been an escaped wallaby from a petting zoo on the Fort Belknap Reservation.

  • Informant: Bus provider smoked meth on St. Ignatius school bus

    Informant: Bus provider smoked meth on St. Ignatius school bus

    Thursday, June 21 2018 5:38 PM EDT2018-06-21 21:38:12 GMT

    A citizen informant told law enforcement the man in charge of the bus contract for schools in St. Ignatius, smoked methamphetamine on the school buses.

    A citizen informant told law enforcement the man in charge of the bus contract for schools in St. Ignatius, smoked methamphetamine on the school buses.

  • "This is Montana": Even with recent floods, fire season is inevitable

    Friday, June 22 2018 2:38 AM EDT2018-06-22 06:38:46 GMT

    With rain showers and frequent flooding over the past few months, it’s hard to imagine this year’s fire season isn’t canceled. But as a new report from the National Interagency Fire Center shows, Montanans should still be preparing for an above-average fire season. However, for the time being, those rains are allowing firefighters to catch their breath and prepare for the inevitable. Authorities say it’s not a matter of if we’ll see fires, but when.

    With rain showers and frequent flooding over the past few months, it’s hard to imagine this year’s fire season isn’t canceled. But as a new report from the National Interagency Fire Center shows, Montanans should still be preparing for an above-average fire season. However, for the time being, those rains are allowing firefighters to catch their breath and prepare for the inevitable. Authorities say it’s not a matter of if we’ll see fires, but when.

  • Former Stevensville school resource officer charged with molestation

    Former Stevensville school resource officer charged with molestation

    Thursday, June 21 2018 6:21 PM EDT2018-06-21 22:21:17 GMT

    STEVENSVILLE - A former school resource officer is charged with molesting a young girl on multiple separate incidents. Court documents filed June 18 say Samuel Steven Fawcett molested a young girl when she was 3 and 4 years old. The girl is now 7 years old, and lives and attends school in Missoula. News outlets reported earlier this year that Fawcett was placed on administrative leave in April, although the reason was not disclosed at the time. Fawcett resigned from the Stevensville...

    STEVENSVILLE - A former school resource officer is charged with molesting a young girl on multiple separate incidents. Court documents filed June 18 say Samuel Steven Fawcett molested a young girl when she was 3 and 4 years old. The girl is now 7 years old, and lives and attends school in Missoula. News outlets reported earlier this year that Fawcett was placed on administrative leave in April, although the reason was not disclosed at the time. Fawcett resigned from the Stevensville...

  • Montana rivers too dangerous for floating or kayaking, experts warn

    Montana rivers too dangerous for floating or kayaking, experts warn

    Thursday, June 21 2018 12:09 PM EDT2018-06-21 16:09:58 GMT

    This time of year, the rivers in Montana can be very dangerous. 

    This time of year, the rivers in Montana can be very dangerous. 

  • "It's about damn time": Clean-up of Butte Parrot tailings begins

    "It's about damn time": Clean-up of Butte Parrot tailings begins

    Thursday, June 21 2018 7:55 PM EDT2018-06-21 23:55:40 GMT

    It's a day some Butte residents never thought they'd see: shovels breaking ground to clean-up the toxic Parrot tailings.

    It's a day some Butte residents never thought they'd see: shovels breaking ground to clean-up the toxic Parrot tailings.

  • Missoula Sheriff confirms death of local icon "Dancing Guy"

    Missoula Sheriff confirms death of local icon "Dancing Guy"

    Thursday, June 14 2018 2:01 PM EDT2018-06-14 18:01:46 GMT
    source: YouTubesource: YouTube

    MISSOULA - A beloved local figure died while doing what he was most famous for: dancing at Caras Park. 

    MISSOULA - A beloved local figure died while doing what he was most famous for: dancing at Caras Park. 

  • UPDATE: Motorcycle passenger killed in Rathdrum crash identified

    UPDATE: Motorcycle passenger killed in Rathdrum crash identified

    Monday, June 18 2018 1:53 PM EDT2018-06-18 17:53:47 GMT

    RATHDRUM, Idaho - Members of the Kootenai County Sheriff's Office and the Northern Lakes Fire Department responded to a fatal crash in Rathdrum late Saturday morning. A citizen reported that a truck struck a motorcycle carrying two people in the intersection at W. Lancaster Rd. and N. Huetter Rd. 

    RATHDRUM, Idaho - Members of the Kootenai County Sheriff's Office and the Northern Lakes Fire Department responded to a fatal crash in Rathdrum late Saturday morning. A citizen reported that a truck struck a motorcycle carrying two people in the intersection at W. Lancaster Rd. and N. Huetter Rd. 

Powered by Frankly

Features

  • More Features
  • Powered by WorldNow
    All content © Copyright 2000 - 2018 Cowles Montana Media. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.