Montana Community Development
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Montana Community Development
At MoFi, our role is to foster a resilient, inclusive economy that is built on the inherent strengths of the people and places where we live. And we're proud of the team members who make what we do possible. The sales & marketing team gets the word out about all the ways MoFi is strengthening community prosperity: through our small business lending, down payment assistance, and tax credit lending.

We help connect prospective clients with our products, maintain relationships with community partners including bankers, local development organizations, government officials, and more-and also share our clients' success stories from around the region. Our Board of Directors helps guide our work and our mission to spur community prosperity and resilience.
Services
The New Markets Tax Credit (NMTC) program provides capital for businesses, developers, and non-profits to help make their projects a reality. MoFi works with investors to turn the credits into cash, and then uses that cash to fund catalytic development projects that create jobs and expand community services for low-income people and places.
MoFi's business consultants and professional staff provide one-on-one consulting and free and low-cost training opportunities. With MoFi, payments are simplified. Although statements are sent to you by e-mail each month, our clients are required to use convenient, automatic, ACH payments. If you have any questions or are unable to make payments, please contact our office at 844.728.9234.
If you're a hardworking Montanan who qualifies for a mortgage but doesn't have the cash on hand for a down payment, ask your lender about HomeNow. The program covers up to 100% of down payment and closing costs, and it's not limited to first-time homebuyers. The best part? You can start building long-term equity and a stable financial future, and you don't have to keep waiting for your dream home.
The HomeNow program at MoFi allows approved lenders to provide down payment and closing cost assistance to eligible borrowers in the state of Montana. The program is very easy to use and has broad eligibility criteria. Choose from several program options and DPA structures to find the best match for your client.
We have three offices spanning the Northern Rockies: our headquarters in Missoula, Montana and two additional offices in Bozeman, Montana and Boise, Idaho. Our team brings a diversity of backgrounds, skill sets, and experience to our mission-we all want to have a profound impact on our communities and have a great time while doing so.
Reviews (7)
Tarrah T. Gb
Tarrah T. Gb
Feb 19, 2021
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I can’t believe they have anything BUT 5 star ratings! Extremely helpful, extremely prompt, they keep a person informed instead of left hanging like other lenders I have dealt with. I just cannot say enough good things about them.
LeeAnn M.
LeeAnn M.
Dec 06, 2020
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MoFi is a wonderful organization. We have been working with them for 2 years and are so grateful for their partnership. We have found them to be very knowledgeable and helpful, as well as invested in the success of our business. They are always quick to respond. We would not have been able to get our business going without them and they walked us through it every step of the way. Our business has done very well, our relationship with this organization has really been life changing. We could not be more grateful for their support.
Allison Hancock
Allison Hancock
Nov 03, 2019
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Gave us hope, said we were approved, and then turned us down last minute on a small technicality that could have been worked through but they chose not to. Wasted $200 on the application fee. The girl that made the decision hides behind her receptionist and is never available. Terrible customer service, they are rude and do not care about their customers.
Dont waste your time with this company-
This company SUCKS!
Lisa Owen
Lisa Owen
Oct 28, 2019
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Terrible experience with MoFi. Betsy was rude and condescending from the beginning. She didn't even listen to me. She asked me two different times during two conversations why someone would choose my business over Alpha Graphics. My business is NOTHING like Alpha Graphics so she obviously doesn't listen. More disturbing that I had to explain this TWICE to her. I reached out to the director Dave about my concerns with Betsy. What does he do? Nothing. Just referred me back to her. Then she was an hour and a half late calling me for a scheduled phone appointment and she called me from her doctor's
John Dawson
John Dawson
Jun 24, 2019
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MoFI has an ambitious mission to help those who are unable to qualify for traditional financing. They are wonderful to speak with - when you can get them on the phone.
In my experience, MoFi quotes unrealistic time frames and they seem to ghost you when they do not have good news.
I would still recommend the program. However, I strongly urge management to coach representatives to accurately quote time frames for responses and to empower representatives to courageously speak the truth so applicants can move forward in a timely manner.
OffGridPatriot
OffGridPatriot
Aug 12, 2018
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This company is misleading. If you go on their website they state that their goal is to help companies that are unbankable expand. This is not the case, do not apply if you want to expand your business they are just like the banks and they will not help you.
Gena Burghoff
Gena Burghoff
Jun 16, 2018
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This is a truly amazing company that helps groups that are not quite approvable by banks. They offer tons of support while you have the loan with them, and they get you set up so you can refi with a bank within a couple years.
We could not have opened our restaurant without them!