Opportunity Bank Of Montana Mortgage Rates, Fees & Info

Helena, MT

LEI: 5493007ZF78YQRSXQG49

Tax ID: 81-0105500

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, 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.

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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

    2,297

    Origination Dollar Volume (All Markets)

    $657,875,000
    Show all (11) awards

    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) 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%
    Opportunity Bank Of Montana's top markets include Billings, Helena, Bozeman, Great Falls, and Missoula among others.

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

    PARK SIDE FINANCIAL
    Similarity Rank: 18
    CLEARWATER Federal Credit Union
    Similarity Rank: 30
    The Yellowstone Bank
    Similarity Rank: 36
    VALLEY FINANCIAL CREDIT UNION
    Similarity Rank: 39
    Montana Federal Credit Union
    Similarity Rank: 76
    BILLINGS
    Similarity Rank: 93
    Altana Federal Credit Union
    Similarity Rank: 150
    American Bank Center
    Similarity Rank: 1116
    First Republic Bank
    Similarity Rank: 2565
    CRESCENT MORTGAGE COMPANY
    Similarity Rank: 2827

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,434 $473,020,000 $329,861 $6,259 4.85%
    HELOC 515 $75,245,000 $146,107 n/a 4.68%
    FHA 173 $47,215,000 $272,919 $9,727 4.63%
    VA 156 $58,130,000 $372,628 $9,079 4.45%
    USDA 19 $4,265,000 $224,474 $6,558 4.24%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,561 $512,275,000 $328,171 $7,127 4.90%
    Home Improvement 296 $27,030,000 $91,318 $3,838 4.70%
    Cash Out Refi 199 $59,745,000 $300,226 $6,556 4.15%
    Refi 150 $49,520,000 $330,133 $5,629 4.39%
    Other 91 $9,305,000 $102,253 $3,470 4.68%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,486 $496,660,000 $334,226 $7,222 4.85%
    10 Year 426 $31,770,000 $74,577 $3,315 4.54%
    15 Year 137 $25,335,000 $184,927 $3,726 4.18%
    20 Year 81 $28,025,000 $345,988 $7,902 4.76%
    5 Year 75 $17,365,000 $231,533 $203 5.34%
    Other 69 $30,735,000 $445,435 $4,644 4.78%
    1 Year 12 $25,180,000 $2,098,333 $0 5.37%
    3 Year 11 $2,805,000 $255,000 $0 5.18%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 305 $152,725,000 $500,738
    $3k-4k 304 $95,070,000 $312,730
    $<1k 298 $80,120,000 $268,859
    $2k-3k 292 $69,970,000 $239,623
    $4k-5k 209 $78,615,000 $376,148
    $1k-2k 159 $33,815,000 $212,673

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 623 $185,265,000 $297,376
    4-5% 601 $188,385,000 $313,453
    3-4% 590 $178,120,000 $301,898
    6-7% 232 $61,150,000 $263,578
    2.5-3% 149 $22,575,000 $151,510
    7-8% 81 $19,175,000 $236,728
    <2.5% 17 $2,955,000 $173,824
    Over 8% 4 $250,000 $62,500

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 906 $262,760,000 $290,022 $6,828 4.84%
    $100k-200k 506 $71,020,000 $140,356 $4,656 4.71%
    $100,000 or less 385 $20,485,000 $53,208 $1,637 4.60%
    $400k-600k 379 $180,565,000 $476,425 $8,860 4.82%
    $600k-1MM 101 $67,785,000 $671,139 $10,246 4.78%
    $1MM+ 20 $55,260,000 $2,763,000 $26,815 4.64%

    2022 saw Opportunity Bank Of Montana place emphasis on $200k-400k loans with 906 originations, totaling $262,760,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 572 $170,780,000 $298,566 $7,488 4.87%
    $50k-75k 448 $95,300,000 $212,723 $5,788 4.66%
    $75k-100k 437 $110,285,000 $252,368 $6,844 4.74%
    $150k-250k 339 $111,225,000 $328,097 $8,418 4.98%
    $50k or less 203 $27,525,000 $135,591 $4,834 4.42%
    $250k+ 160 $72,230,000 $451,438 $9,770 4.81%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 359 $82,435,000 $229,624 $6,128 4.68%
    30-36% 352 $92,420,000 $262,557 $6,353 4.68%
    <20% 142 $30,310,000 $213,451 $6,284 4.56%
    44% 115 $34,205,000 $297,435 $6,998 4.98%
    42% 107 $26,605,000 $248,645 $6,801 4.74%
    43% 103 $28,855,000 $280,146 $6,340 4.93%
    39% 100 $26,190,000 $261,900 $7,269 4.60%
    40% 96 $28,330,000 $295,104 $7,233 5.10%
    49% 94 $30,490,000 $324,362 $7,791 4.81%
    50-60% 92 $25,140,000 $273,261 $7,737 4.83%
    37% 89 $23,655,000 $265,787 $7,027 4.88%
    45% 88 $26,910,000 $305,795 $7,672 4.77%
    38% 82 $21,810,000 $265,976 $6,811 4.37%
    41% 79 $25,805,000 $326,646 $7,722 4.90%
    48% 77 $25,525,000 $331,494 $7,233 4.84%
    46% 75 $21,945,000 $292,600 $7,232 4.91%
    47% 72 $21,930,000 $304,583 $8,605 4.92%
    36% 61 $17,835,000 $292,377 $6,541 4.76%
    >60% 9 $2,125,000 $236,111 $0 5.38%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,865 $495,695,000 $265,788 $6,809 4.77%
    Not provided 244 $75,990,000 $311,434 $7,637 4.75%
    Not applicable 96 $62,850,000 $654,688 $0 4.78%
    American Indian 56 $13,870,000 $247,679 $7,367 4.58%
    Asian 19 $5,175,000 $272,368 $7,620 4.51%
    Black 10 $2,660,000 $266,000 $6,363 5.11%
    Other Asian 4 $1,020,000 $255,000 $8,440 3.97%
    Filipino 1 $395,000 $395,000 $5,643 3.63%
    Native Hawaiian or Islander 2 $220,000 $110,000 $727 5.56%

    Approval Rates

    Total approvals of all applications
    94.06%

    Opportunity Bank Of Montana has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.84%

    Opportunity Bank Of Montana has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,297 $657,875,000 $286,406

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,297 $657,875,000 $286,406

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 265 $43,445,000 $163,943 $4,842 4.69%
    40-60% 279 $107,775,000 $386,290 $6,078 4.65%
    60-80% 606 $216,990,000 $358,069 $7,260 4.84%
    80-100% 733 $251,645,000 $343,308 $7,397 4.86%
    Over 100% 23 $10,245,000 $445,435 $19,207 4.54%
    Under 20% 390 $27,510,000 $70,538 $1,254 4.62%