Opportunity Bank Of Montana Mortgage Rates, Fees & Info

Helena, MT

LEI: 5493007ZF78YQRSXQG49

Tax ID: 81-0105500

5 stars - Updated: 12/16/24 - out of 5 stars, based on 40 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Opportunity 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, Missoula, and Great Falls among others. We have data for 19 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 relatively high 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.16% 12/16/24
    30 Year Conventional Purchase 6.70% 12/16/24
    30 Year Conventional Refi 6.64% 12/16/24
    30 Year Cash-out Refi 6.87% 12/16/24
    30 Year FHA Purchase 6.92% 12/16/24
    30 Year FHA Refi 7.06% 12/16/24
    30 Year VA Purchase 5.85% 12/16/24
    30 Year VA Refi 5.97% 12/16/24
    30 Year USDA Purchase 6.29% 12/16/24
    15 Year Conventional Purchase 6.29% 12/16/24
    15 Year Conventional Refi 6.21% 12/16/24
    15 Year Cash-out Refi 6.21% 12/16/24
    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 Estimates

    Estimated 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.


    Originations

    1,574

    Origination Dollar Volume (All Markets)

    $423,930,000
    Show all (19) awards

    Relative Rate

    Opportunity Bank Of Montana's average 30 year fixed mortgage rate was 6.53%.

    The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

    This yields a difference of 0.05%.

    Relative Fees (Closing Costs)

    Opportunity Bank Of Montana's average total fees/closing costs for a 30 year fixed rate mortgage were $7,478.

    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 $9,089.

    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
    BILLINGS, MT (FHA|USDA|VA) 428 $117,220,000 $273,879 $6,850 6.73%
    Helena, MT (FHA|USDA|VA) 291 $77,255,000 $265,481 $6,374 7.06%
    Outside of Metro Areas 311 $72,875,000 $234,325 $6,772 7.14%
    Bozeman, MT (FHA|USDA|VA) 159 $54,875,000 $345,126 $10,576 6.91%
    MISSOULA, MT (FHA|USDA|VA) 139 $45,975,000 $330,755 $6,394 7.18%
    GREAT FALLS, MT (FHA|USDA|VA) 165 $33,885,000 $205,364 $6,320 6.68%
    Butte-Silver Bow, MT (FHA|USDA|VA) 52 $7,690,000 $147,885 $4,218 7.39%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $5,015,000 $455,909 $7,731 6.59%
    BOISE CITY, ID (FHA|USDA|VA) 2 $2,480,000 $1,240,000 $4,068 7.69%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,115,000 $371,667 $8,226 6.54%
    Kalispell, MT (FHA|USDA|VA) 4 $1,110,000 $277,500 $4,944 7.31%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,060,000 $530,000 $5,499 6.69%
    Outside of Metro Areas 1 $845,000 $845,000 $29,465 5.75%
    Jackson, WY-ID (FHA|USDA|VA) 1 $625,000 $625,000 $9,714 7.50%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $525,000 $525,000 $9,072 6.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $475,000 $475,000 $8,314 7.13%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $325,000 $325,000 $6,945 6.50%
    RAPID CITY, SD (FHA|USDA|VA) 1 $295,000 $295,000 $6,018 6.75%
    BISMARCK, ND (FHA|USDA|VA) 1 $285,000 $285,000 $6,094 6.00%
    Opportunity Bank Of Montana's top markets include Billings, Helena, Bozeman, Missoula, and Great Falls among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    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.

    CLEARWATER Federal Credit Union
    Similarity Rank: 15
    PARK SIDE FINANCIAL
    Similarity Rank: 18
    BILLINGS
    Similarity Rank: 21
    The Yellowstone Bank
    Similarity Rank: 52
    American Bank Center
    Similarity Rank: 435
    Morgan Stanley Private Bank
    Similarity Rank: 880
    Flanagan State Bank
    Similarity Rank: 1326
    NAVY FEDERAL CREDIT UNION
    Similarity Rank: 1778
    Stockman Bank of Montana
    Similarity Rank: 1802
    Opportunity Bank of Montana
    Similarity Rank: 1881

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 892 $286,670,000 $321,379 $5,903 6.76%
    HELOC 391 $39,595,000 $101,266 n/a 8.05%
    FHA 193 $61,185,000 $317,021 $10,430 6.09%
    VA 85 $32,935,000 $387,471 $8,749 5.91%
    USDA 13 $3,545,000 $272,692 $5,430 5.92%

    For 2023, Opportunity Bank Of Montana's most frequently originated type of loan was Conventional, with 892 originations. Their 2nd most popular type was HELOC, with 391 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,144 $374,690,000 $327,526 $7,103 6.59%
    Home Improvement 223 $18,085,000 $81,099 $1,947 8.01%
    Other 93 $8,845,000 $95,108 $1,909 8.17%
    Refi 80 $12,640,000 $158,000 $6,855 7.77%
    Cash Out Refi 34 $9,670,000 $284,412 $7,859 6.72%

    For 2023, Opportunity Bank Of Montana's most frequently cited loan purpose was Home Purchase, with 1,144 originations. The 2nd most popular reason was Home Improvement, with 223 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,030 $352,810,000 $342,534 $7,478 6.53%
    10 Year 339 $23,075,000 $68,068 $1,038 7.95%
    15 Year 75 $6,115,000 $81,533 $1,515 6.44%
    5 Year 55 $13,505,000 $245,545 $370 8.71%
    Other 35 $15,235,000 $435,286 $0 7.10%
    20 Year 31 $10,325,000 $333,065 $5,061 7.13%
    1 Year 6 $1,500,000 $250,000 $0 8.25%
    3 Year 3 $1,365,000 $455,000 $0 7.58%

    For 2023, Opportunity Bank Of Montana's most frequently cited loan duration was 30 Year, with 1,030 originations. The 2nd most popular length was 10 Year, with 339 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 377 $102,785,000 $272,639
    $5k+ 231 $112,035,000 $485,000
    $3k-4k 136 $39,870,000 $293,162
    $2k-3k 132 $30,510,000 $231,136
    $4k-5k 110 $41,010,000 $372,818
    $1k-2k 71 $17,485,000 $246,268

    Opportunity Bank Of Montana's average total fees were $7,478, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 377 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 535 $174,455,000 $326,084
    7-8% 483 $118,415,000 $245,166
    5-6% 305 $84,925,000 $278,443
    Over 8% 212 $30,230,000 $142,594
    4-5% 17 $13,195,000 $776,176
    <2.5% 14 $880,000 $62,857
    3-4% 1 $215,000 $215,000

    During 2023, Opportunity Bank Of Montana's average interest rate for loans was 6.53%, while their most frequently originated rate bucket for loans was 6-7%, with 535 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 620 $182,360,000 $294,129 $6,923 6.68%
    $100,000 or less 331 $15,715,000 $47,477 $949 7.50%
    $100k-200k 295 $40,725,000 $138,051 $4,778 7.18%
    $400k-600k 250 $118,890,000 $475,560 $9,062 6.70%
    $600k-1MM 65 $45,065,000 $693,308 $12,729 6.66%
    $1MM+ 13 $21,175,000 $1,628,846 $14,168 6.60%

    2023 saw Opportunity Bank Of Montana place emphasis on $200k-400k loans with 620 originations, totaling $182,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 416 $114,540,000 $275,337 $7,315 7.08%
    $75k-100k 303 $69,885,000 $230,644 $6,601 6.86%
    $50k-75k 284 $50,690,000 $178,486 $5,686 6.52%
    $150k-250k 277 $92,755,000 $334,856 $8,233 7.21%
    $250k+ 124 $57,040,000 $460,000 $9,609 7.34%
    $50k or less 99 $12,705,000 $128,333 $4,386 6.50%

    Opportunity Bank Of Montana lent most frequently to those with incomes in the $100k-150k range, with 416 originations. The second most popular income band? $75k-100k, with 303 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 235 $60,315,000 $256,660 $6,557 6.91%
    20-30% 233 $53,255,000 $228,562 $6,331 7.09%
    50-60% 100 $29,950,000 $299,500 $9,093 6.20%
    49% 94 $33,610,000 $357,553 $7,716 6.66%
    <20% 84 $14,900,000 $177,381 $5,769 7.56%
    39% 81 $18,685,000 $230,679 $6,409 6.95%
    42% 72 $21,820,000 $303,056 $7,666 6.71%
    41% 71 $20,575,000 $289,789 $6,997 7.19%
    45% 64 $18,620,000 $290,938 $7,613 6.94%
    43% 62 $17,940,000 $289,355 $6,697 6.87%
    37% 59 $15,055,000 $255,169 $5,772 6.86%
    44% 58 $16,420,000 $283,103 $7,244 6.85%
    40% 56 $14,200,000 $253,571 $6,969 7.00%
    46% 55 $14,855,000 $270,091 $8,796 6.81%
    38% 53 $10,805,000 $203,868 $5,675 7.58%
    36% 52 $12,230,000 $235,192 $4,512 7.28%
    48% 48 $13,930,000 $290,208 $6,331 6.71%
    47% 39 $11,955,000 $306,538 $6,462 6.67%
    >60% 5 $1,895,000 $379,000 $7,545 7.38%

    Opportunity Bank Of Montana lent most frequently to those with DTI ratios of 30-36%, with 235 originations. The next most common DTI ratio? 20-30%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,319 $347,655,000 $263,575 $6,969 6.96%
    Not provided 130 $31,980,000 $246,000 $6,712 7.01%
    Not applicable 51 $22,795,000 $446,961 $0 7.19%
    American Indian 38 $9,280,000 $244,211 $6,999 6.39%
    Asian 22 $8,250,000 $375,000 $7,275 6.78%
    Black 11 $2,965,000 $269,545 $7,472 5.88%
    Native Hawaiian or Islander 3 $1,005,000 $335,000 $3,861 6.25%

    Approval Rates

    Total approvals of all applications
    92.36%

    Opportunity Bank Of Montana has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.84%

    Opportunity Bank Of Montana has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,574 $423,930,000 $269,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,574 $423,930,000 $269,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 181 $26,495,000 $146,381 $4,796 7.59%
    40-60% 192 $61,930,000 $322,552 $6,709 6.82%
    60-80% 347 $128,025,000 $368,948 $7,236 6.92%
    80-100% 500 $177,570,000 $355,140 $7,939 6.48%
    Over 100% 20 $7,400,000 $370,000 $14,049 5.69%
    Under 20% 334 $22,510,000 $67,395 $932 7.47%