KULR 8's Home Experts: Your Experts
Home Loans / Financing / Mortgage Services
Division Mortgage Group
1320 Division Street
Billings,
MT
59101
406-294-7207
877-294-7207
Hours of Operation
- Mon - Fri8:30 – 5:30
- Evening and Weekend Appointments Available
Certified Mortgage Experts
Division Mortgage Group (DMG) consists of a highly educated and certified team of mortgage experts specializing in all types of purchase and refinancing mortgage options including: Conventional, FHA, VA, Rural Development, Montana Board of Housing, First Time Home Buyer, Reverse Mortgages, Investment, Manufactured Homes, Commercial, etc.Division Mortgage Group currently offers the only program in the region designed to get the tax credit provisions of the Home Recovery Act of 2008 available for qualified First Time Home Buyers IN ADVANCE which can be used towards down payment and closing costs. This tax credit of up to $8,000 is FREE and does not have to be repaid for homes purchased between January1, 2009 and December 1, 2009.
Division Mortgage Group loan experts have qualified for and passed rigorous examinations to become the only “Certified” mortgage professionals in a three-state region, through the National Association of Mortgage Brokers, as: Certified Mortgage Consultants (CMC), Certified Residential Mortgage Specialists (CRMS), and General Mortgage Associates (GMA).
As seen in the April 13, 2009 issue of Forbes magazine Goldline Research, an independent research com¬pany, selected Division Mortgage Group as “2009 Top Ten Mortgage Brokers of the United States” as well as “2008 Top Ten Most Dependable Mortgage Brokers of the West.”
Division Mortgage Group is a member of the Herocare Affiliate Network. Herocare is a highly unique, solution-based, network driven, non-profit dedicated to addressing the housing and financial needs of essential service workers across the United States. The innovative programs offered by Herocare are targeted to make a hero’s journey towards homeownership and financial security easy to navigate. Heroes include all retired and active employees of: Government (City, County, State & Federal), Military (All Branches & All Veterans, including National Guard, Reserves, and Coast Guard), School Systems (Public and Private), Medical Systems (Public and Private), First Responders (Fire, Police & Paramedics), and Employees of Non-Profit Agencies.
Tavell Peete, CMC, CRMS, owner of Division Mortgage Group, is an instructor for Herocare University, the National Institute of Financial Education (NIFE), and the National Association of Mortgage Brokers (NAMB). Division Mortgage Group is committed to providing FREE on-line and/or live classroom financial education to help our customers achieve their dreams of homeownership and financial security.
Division Mortgage Group is located in the heart of downtown Billings, MT on the corners of 6th Avenue North, Division, and Grand. DMG is locally owned and operated serving Montana and Wyoming.
MT Lic. #4; WY Lic. #1755
MT Lic. #4; WY Lic. #1755
Frequently Asked Questions
- What is the First Time Home Buyer Tax Credit?
- It is a federal income tax credit of 10% of the purchase price up to $8,000 which can be used towards down payment, closing costs, remodeling, furniture etc…
- What is the definition of a First Time Home Buyer?
- A buyer who has not owned a primary residence during the three-year period prior to purchase.
- Are there income limits to determine who is eligible to take the tax credit?
- Yes. Modified adjusted gross income (MAGI) of up to $75,000 for single or head-of-household buyers and $150,000 for joint tax payers.
- Does the Tax Credit have to be paid back?
- There will be no repayment for purchases on or after January 1, 2009 and before December 1, 2009 if the home is not sold for the first three years.
- Why should consumers look for certified mortgage brokers?
- Certified mortgage brokers loan originators are educated, ethical, and involved. They have voluntarily demonstrated their commitment to higher professional standards in the industry by passing rigorous examinations and show their dedication to the consumer by obtaining advanced education to provide quality service.