Opportunity Bank Of Montana Mortgage Rates, Fees & Info
Helena, MTLEI: 5493007ZF78YQRSXQG49
Tax ID: 81-0105500
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Mortgage Data
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.16% | 11/17/24 |
| 30 Year Conventional Purchase | 6.70% | 11/17/24 |
| 30 Year Conventional Refi | 6.64% | 11/17/24 |
| 30 Year Cash-out Refi | 6.87% | 11/17/24 |
| 30 Year FHA Purchase | 6.92% | 11/17/24 |
| 30 Year FHA Refi | 7.06% | 11/17/24 |
| 30 Year VA Purchase | 5.85% | 11/17/24 |
| 30 Year VA Refi | 5.97% | 11/17/24 |
| 30 Year USDA Purchase | 6.29% | 11/17/24 |
| 15 Year Conventional Purchase | 6.29% | 11/17/24 |
| 15 Year Conventional Refi | 6.21% | 11/17/24 |
| 15 Year Cash-out Refi | 6.21% | 11/17/24 |
| 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
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This is not an official calculator from Opportunity Bank Of Montana. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,574Origination Dollar Volume (All Markets)
$423,930,000Awards
Opportunity Bank of Montana - 2023
Opportunity Bank of Montana is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
2023 saw Opportunity Bank Of Montana place emphasis on $200k-400k loans with 620 originations, totaling $182,360,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications92.36%
Opportunity Bank Of Montana has an average approval rate.
Pick Rate
Approvals leading to origination70.84%
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 |