Together, We Can Continue to Make Going Home Possible
Immediately help 15 families with down payments on their first homes. The program perpetually bridges the gap because buyers return all down payment funds at resale. BSCHT then recycles the returned funds by making them available to the next family.
Bank loans require homebuyers to pay 20% of their property’s purchase price to avoid the extra expense of private mortgage insurance. With the average cost of a basic condo exceeding $1,000,000, coming up with $200,000 for a down payment is almost impossible.
Modeled after Vail’s successful InDEED program, Big Sky Community Housing Trust introduces GOOD DEEDS, a program designed to preserve existing inventory for locals serving the community.
Homeowners, buyers, or sellers who participate in GOOD DEEDS receive CASH in exchange for placing a permanent deed restriction on their property.