Opportunity Bank Of Montana Mortgage Rates, Fees & InfoHelena, MT
Tax ID: 81-0105500
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewOpportunity Bank Of Montana is a smaller bank specializing in Home Purchase loans. Opportunity Bank Of Montana has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Billings, Helena, Bozeman, Great Falls, and Missoula among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)
Opportunity Bank Of Montana 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. Opportunity Bank Of Montana is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.16%||5/27/23|
|30 Year Conventional Purchase||6.70%||5/27/23|
|30 Year Conventional Refi||6.64%||5/27/23|
|30 Year Cash-out Refi||6.87%||5/27/23|
|30 Year FHA Purchase||6.92%||5/27/23|
|30 Year FHA Refi||7.06%||5/27/23|
|30 Year VA Purchase||5.85%||5/27/23|
|30 Year VA Refi||5.97%||5/27/23|
|30 Year USDA Purchase||6.29%||5/27/23|
|15 Year Conventional Purchase||6.29%||5/27/23|
|15 Year Conventional Refi||6.21%||5/27/23|
|15 Year Cash-out Refi||6.21%||5/27/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Opportunity Bank Of Montana Mortgage Calculator
Your EstimatesEstimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Opportunity Bank Of Montana. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$657,875,000
Opportunity Bank of Montana - 2022
Opportunity Bank of Montana is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
Work for Opportunity Bank of Montana?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Opportunity Bank Of Montana's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.09%.
Relative Fees (Closing Costs)
Opportunity Bank Of Montana's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,222.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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|
|BILLINGS, MT (FHA|USDA|VA)||500||$154,660,000||$309,320||$7,833||4.90%|
|Helena, MT (FHA|USDA|VA)||465||$133,345,000||$286,763||$6,819||4.86%|
|Outside of Metro Areas||449||$126,795,000||$282,394||$7,010||4.74%|
|Bozeman, MT (FHA|USDA|VA)||242||$81,300,000||$335,950||$7,844||4.62%|
|GREAT FALLS, MT (FHA|USDA|VA)||290||$67,180,000||$231,655||$6,007||4.73%|
|MISSOULA, MT (FHA|USDA|VA)||217||$64,755,000||$298,410||$6,023||4.53%|
|Butte-Silver Bow, MT (FHA|USDA|VA)||102||$18,920,000||$185,490||$4,995||4.64%|
|Kalispell, MT (FHA|USDA|VA)||9||$2,585,000||$287,222||$3,905||4.99%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||4||$1,510,000||$377,500||$5,746||4.06%|
|Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA)||3||$1,405,000||$468,333||$8,133||6.33%|
|SALEM, OR (FHA|USDA|VA)||2||$860,000||$430,000||$5,343||2.81%|
|PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA)||2||$850,000||$425,000||$3,797||5.56%|
|BEND, OR (FHA|USDA|VA)||1||$505,000||$505,000||$14,700||2.75%|
|Juneau, AK (FHA|USDA|VA)||1||$465,000||$465,000||$18,236||5.25%|
|GRANTS PASS, OR (FHA|USDA|VA)||1||$405,000||$405,000||$7,252||3.75%|
|ANCHORAGE, AK (FHA|USDA|VA)||2||$380,000||$190,000||$7,058||4.63%|
|SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA)||1||$315,000||$315,000||$5,731||2.75%|
|La Grande, OR (FHA|USDA|VA)||1||$315,000||$315,000||$5,344||7.38%|
|Outside of Metro Areas||1||$305,000||$305,000||$5,884||6.00%|
|Pullman, WA (FHA|USDA|VA)||1||$295,000||$295,000||$1,808||5.75%|
|BOISE CITY, ID (FHA|USDA|VA)||1||$275,000||$275,000||$6,969||7.63%|
|TUCSON, AZ (FHA|USDA|VA)||1||$265,000||$265,000||$4,046||6.38%|
|Sheridan, WY (FHA|USDA|VA)||1||$185,000||$185,000||$0||5.75%|
We use machine learning to identify the top lenders compared against Opportunity Bank of Montana based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 48
Similarity Rank: 74
Similarity Rank: 90
Similarity Rank: 198
Similarity Rank: 222
Similarity Rank: 225
Similarity Rank: 846
Similarity Rank: 1782
Similarity Rank: 3509
Similarity Rank: 4847
For 2022, Opportunity Bank Of Montana's most frequently originated type of loan was Conventional, with 1,434 originations. Their 2nd most popular type was HELOC, with 515 originations.
For 2022, Opportunity Bank Of Montana's most frequently cited loan purpose was Home Purchase, with 1,561 originations. The 2nd most popular reason was Home Improvement, with 296 originations.
For 2022, Opportunity Bank Of Montana's most frequently cited loan duration was 30 Year, with 1,486 originations. The 2nd most popular length was 10 Year, with 426 originations.
Origination Fees/Closing Costs
Opportunity Bank Of Montana's average total fees were $7,222, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 305 originations.
During 2022, Opportunity Bank Of Montana's average interest rate for loans was 4.85%, while their most frequently originated rate bucket for loans was 5-6%, with 623 originations.
2022 saw Opportunity Bank Of Montana place emphasis on $200k-400k loans with 906 originations, totaling $262,760,000 in origination value.
Opportunity Bank Of Montana lent most frequently to those with incomes in the $100k-150k range, with 572 originations. The second most popular income band? $50k-75k, with 448 originations.
Applicant Debt to Income Ratio
Opportunity Bank Of Montana lent most frequently to those with DTI ratios of 20-30%, with 359 originations. The next most common DTI ratio? 30-36%, with 352 originations.
Approval RatesTotal approvals of all applications
Opportunity Bank Of Montana has an average approval rate.
Pick RateApprovals leading to origination
Opportunity Bank Of Montana has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|