First Montana Bank Mortgage Rates, Fees & Info

Missoula, MT

LEI: 5493005XIMS68J4ZQ284

Tax ID: 81-0159247

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Montana Bank is a smaller bank specializing in Home Purchase and Refi loans. First Montana Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Helena, Missoula, Butte, Las Vegas, and Kalispell among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Montana Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    40

    Origination Dollar Volume (All Markets)

    $9,740,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Helena, MT (FHA|USDA|VA) 8 $3,750,000 $468,750 $0 0.00%
    Outside of Metro Areas 18 $2,880,000 $160,000 $0 0.00%
    MISSOULA, MT (FHA|USDA|VA) 4 $1,350,000 $337,500 $0 0.00%
    Butte-Silver Bow, MT (FHA|USDA|VA) 8 $1,070,000 $133,750 $0 0.00%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Kalispell, MT (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    First Montana Bank's top markets include Helena, Missoula, Butte, Las Vegas, and Kalispell among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $8,470,000 $235,278 $0 0.00%
    FHA 4 $1,270,000 $317,500 $0 0.00%

    For 2024, First Montana Bank's most frequently originated type of loan was Conventional, with 36 originations. Their 2nd most popular type was FHA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $5,145,000 $270,789 $0 0.00%
    Refi 11 $3,815,000 $346,818 $0 0.00%
    Other 9 $575,000 $63,889 $0 0.00%
    Home Improvement 1 $205,000 $205,000 $0 0.00%

    For 2024, First Montana Bank's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Refi, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 40 $9,740,000 $243,500 $0 0.00%

    For 2024, First Montana Bank's most frequently cited loan duration was Other, with 40 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 16 $740,000 $46,250 $0 0.00%
    $200k-400k 10 $3,050,000 $305,000 $0 0.00%
    $400k-600k 7 $3,345,000 $477,857 $0 0.00%
    $100k-200k 5 $835,000 $167,000 $0 0.00%
    $1MM+ 1 $1,125,000 $1,125,000 $0 0.00%
    $600k-1MM 1 $645,000 $645,000 $0 0.00%

    2024 saw First Montana Bank place emphasis on $100,000 or less loans with 16 originations, totaling $740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 8 $1,300,000 $162,500 $0 0.00%
    $250k+ 7 $2,405,000 $343,571 $0 0.00%
    $50k-75k 7 $1,115,000 $159,286 $0 0.00%
    $100k-150k 6 $1,100,000 $183,333 $0 0.00%
    $150k-250k 6 $2,540,000 $423,333 $0 0.00%
    $50k or less 3 $145,000 $48,333 $0 0.00%

    First Montana Bank lent most frequently to those with incomes in the $75k-100k range, with 8 originations. The second most popular income band? $250k+, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $9,740,000 $243,500 $0 0.00%

    First Montana Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 37 $8,605,000 $232,568 $0 0.00%
    Not applicable 3 $1,135,000 $378,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.55%

    First Montana Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    47.50%

    First Montana Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 40 $9,740,000 $243,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    40 $9,740,000 $243,500