Stockman Bank Of Montana Mortgage Rates, Fees & Info

Miles City, MT

LEI: 549300FVJ3IB88LTR841

Tax ID: 81-0213402

5 stars - Updated: 11/17/24 - out of 5 stars, based on 45 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

    Stockman Bank Of Montana is a smaller bank specializing in Home Purchase loans. Stockman 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, Great Falls, Bozeman, Missoula, and Kalispell among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Stockman 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. Stockman 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) 6.27% 11/17/24
    30 Year Conventional Purchase 6.63% 11/17/24
    30 Year Conventional Refi 6.74% 11/17/24
    30 Year Cash-out Refi 6.89% 11/17/24
    30 Year FHA Purchase 7.12% 11/17/24
    30 Year FHA Refi 7.43% 11/17/24
    30 Year VA Purchase 6.16% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    30 Year USDA Purchase 6.61% 11/17/24
    15 Year Conventional Purchase 6.30% 11/17/24
    15 Year Conventional Refi 6.31% 11/17/24
    15 Year Cash-out Refi 6.31% 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.

    Stockman 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 Stockman 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

    2,018

    Origination Dollar Volume (All Markets)

    $507,470,000
    Show all (9) awards

    Relative Rate

    Stockman Bank Of Montana's average 30 year fixed mortgage rate was 6.45%.

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

    This yields a difference of -0.03%.

    Relative Fees (Closing Costs)

    Stockman Bank Of Montana's average total fees/closing costs for a 30 year fixed rate mortgage were $7,883.

    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) 504 $113,760,000 $225,714 $6,827 7.29%
    Outside of Metro Areas 593 $113,235,000 $190,953 $5,643 7.14%
    GREAT FALLS, MT (FHA|USDA|VA) 363 $83,585,000 $230,262 $6,696 6.91%
    Bozeman, MT (FHA|USDA|VA) 232 $71,420,000 $307,845 $9,352 7.42%
    MISSOULA, MT (FHA|USDA|VA) 134 $46,870,000 $349,776 $6,594 7.10%
    Kalispell, MT (FHA|USDA|VA) 44 $35,900,000 $815,909 $6,806 7.11%
    Helena, MT (FHA|USDA|VA) 118 $29,930,000 $253,644 $7,585 7.22%
    Outside of Metro Areas 2 $3,240,000 $1,620,000 $10,451 6.91%
    Butte-Silver Bow, MT (FHA|USDA|VA) 16 $3,030,000 $189,375 $7,574 6.54%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $2,025,000 $2,025,000 $23,297 6.75%
    Jackson, WY-ID (FHA|USDA|VA) 1 $1,415,000 $1,415,000 $18,092 6.66%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $0 8.00%
    Williston, ND (FHA|USDA|VA) 4 $600,000 $150,000 $4,023 6.97%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $555,000 $555,000 $2,543 6.00%
    FARGO, ND-MN (FHA|USDA|VA) 1 $245,000 $245,000 $5,207 6.13%
    Dickinson, ND (FHA|USDA|VA) 2 $230,000 $115,000 $3,933 7.19%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 7.50%
    Stockman Bank Of Montana's top markets include Billings, Great Falls, Bozeman, Missoula, and Kalispell among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Stockman 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 1,175 $345,865,000 $294,353 $5,531 6.92%
    HELOC 504 $58,450,000 $115,972 n/a 8.45%
    FHA 182 $51,280,000 $281,758 $11,411 6.15%
    VA 135 $47,855,000 $354,481 $9,051 6.10%
    USDA 22 $4,020,000 $182,727 $6,667 5.74%

    For 2023, Stockman Bank Of Montana's most frequently originated type of loan was Conventional, with 1,175 originations. Their 2nd most popular type was HELOC, with 504 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,297 $419,415,000 $323,373 $7,543 6.66%
    Home Improvement 237 $19,195,000 $80,992 $1,055 8.32%
    Other 236 $25,970,000 $110,042 $2,744 8.10%
    Refi 200 $32,230,000 $161,150 $2,291 8.05%
    Cash Out Refi 48 $10,660,000 $222,083 $7,336 6.65%

    For 2023, Stockman Bank Of Montana's most frequently cited loan purpose was Home Purchase, with 1,297 originations. The 2nd most popular reason was Home Improvement, with 237 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,094 $342,000,000 $312,614 $7,883 6.45%
    10 Year 471 $44,305,000 $94,066 $1,020 8.33%
    20 Year 142 $37,160,000 $261,690 $2,135 7.62%
    15 Year 139 $24,745,000 $178,022 $2,645 7.09%
    1 Year 88 $23,380,000 $265,682 $4,983 8.41%
    Other 63 $18,645,000 $295,952 $1,897 7.84%
    5 Year 13 $15,845,000 $1,218,846 $418 7.98%
    3 Year 8 $1,390,000 $173,750 $270 8.49%

    For 2023, Stockman Bank Of Montana's most frequently cited loan duration was 30 Year, with 1,094 originations. The 2nd most popular length was 10 Year, with 471 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 274 $51,760,000 $188,905
    $2k-3k 272 $58,580,000 $215,368
    $5k+ 241 $118,515,000 $491,763
    $3k-4k 203 $64,285,000 $316,675
    $1k-2k 176 $29,500,000 $167,614
    $4k-5k 119 $45,485,000 $382,227

    Stockman Bank Of Montana's average total fees were $7,883, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 274 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 642 $219,200,000 $341,433
    7-8% 560 $133,360,000 $238,143
    Over 8% 463 $55,535,000 $119,946
    5-6% 331 $85,355,000 $257,870
    4-5% 16 $11,030,000 $689,375
    <2.5% 5 $35,000 $7,000
    3-4% 1 $2,955,000 $2,955,000

    During 2023, Stockman Bank Of Montana's average interest rate for loans was 6.45%, while their most frequently originated rate bucket for loans was 6-7%, with 642 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 706 $202,670,000 $287,068 $7,811 6.81%
    $100,000 or less 551 $28,965,000 $52,568 $1,332 7.96%
    $100k-200k 443 $65,015,000 $146,761 $4,446 7.03%
    $400k-600k 227 $107,815,000 $474,956 $10,280 6.70%
    $600k-1MM 72 $51,800,000 $719,444 $10,803 6.91%
    $1MM+ 19 $51,205,000 $2,695,000 $15,951 6.57%

    2023 saw Stockman Bank Of Montana place emphasis on $200k-400k loans with 706 originations, totaling $202,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 476 $113,320,000 $238,067 $7,635 7.29%
    $75k-100k 384 $83,360,000 $217,083 $7,351 6.93%
    $50k-75k 378 $59,110,000 $156,376 $5,670 6.94%
    $150k-250k 298 $86,270,000 $289,497 $7,050 7.42%
    $250k+ 172 $78,830,000 $458,314 $8,428 7.39%
    $50k or less 156 $18,580,000 $119,103 $4,199 6.76%

    Stockman Bank Of Montana lent most frequently to those with incomes in the $100k-150k range, with 476 originations. The second most popular income band? $75k-100k, with 384 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 329 $69,385,000 $210,897 $6,062 7.24%
    20-30% 323 $66,445,000 $205,712 $5,367 7.43%
    <20% 174 $34,280,000 $197,011 $4,337 7.51%
    50-60% 99 $26,155,000 $264,192 $9,638 6.40%
    44% 87 $23,905,000 $274,770 $6,848 6.88%
    42% 74 $18,320,000 $247,568 $7,372 7.10%
    41% 72 $15,960,000 $221,667 $6,933 6.93%
    43% 71 $18,125,000 $255,282 $7,239 7.15%
    40% 69 $17,135,000 $248,333 $7,193 7.00%
    49% 68 $18,610,000 $273,676 $7,275 6.62%
    38% 63 $14,805,000 $235,000 $6,327 7.31%
    36% 63 $12,745,000 $202,302 $5,707 6.94%
    39% 62 $15,350,000 $247,581 $8,274 6.95%
    37% 59 $12,935,000 $219,237 $7,410 6.96%
    46% 56 $19,980,000 $356,786 $9,045 6.72%
    45% 53 $15,715,000 $296,509 $7,425 6.54%
    47% 48 $15,230,000 $317,292 $7,509 6.70%
    48% 47 $14,455,000 $307,553 $7,587 6.59%
    >60% 26 $6,750,000 $259,615 $5,309 8.16%

    Stockman Bank Of Montana lent most frequently to those with DTI ratios of 30-36%, with 329 originations. The next most common DTI ratio? 20-30%, with 323 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,775 $415,235,000 $233,935 $6,700 7.15%
    Not applicable 105 $54,825,000 $522,143 $0 7.56%
    Not provided 97 $27,875,000 $287,371 $7,399 7.05%
    American Indian 15 $3,395,000 $226,333 $6,651 6.68%
    Asian 14 $3,240,000 $231,429 $5,324 7.21%
    Black 8 $1,990,000 $248,750 $8,909 7.03%
    Native Hawaiian or Islander 2 $730,000 $365,000 $14,126 6.56%
    Filipino 2 $180,000 $90,000 $0 8.13%

    Approval Rates

    Total approvals of all applications
    94.25%

    Stockman Bank Of Montana has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.57%

    Stockman Bank Of Montana has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,018 $507,470,000 $251,472

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,018 $507,470,000 $251,472

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 313 $59,685,000 $190,687 $3,664 7.64%
    40-60% 267 $78,395,000 $293,614 $5,679 7.15%
    60-80% 407 $154,345,000 $379,226 $7,201 6.96%
    80-100% 565 $174,185,000 $308,292 $8,529 6.48%
    Over 100% 39 $13,345,000 $342,179 $13,243 5.98%
    Under 20% 427 $27,515,000 $64,438 $946 8.02%