Stockman Bank Of Montana Mortgage Rates, Fees & Info

Miles City, MT

LEI: 549300FVJ3IB88LTR841

Tax ID: 81-0213402

5 stars - Updated: 4/5/25 - out of 5 stars, based on 45 reviews

Latest/2024 | 2023 Data | 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: Bozeman, Great Falls, Billings, Helena, and Missoula among others. We have data for 16 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 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) 6.72% 4/5/25
    30 Year Conventional Purchase 6.67% 4/5/25
    30 Year Conventional Refi 6.83% 4/5/25
    30 Year Cash-out Refi 7.07% 4/5/25
    30 Year FHA Purchase 6.86% 4/5/25
    30 Year FHA Refi 7.18% 4/5/25
    30 Year VA Purchase 6.18% 4/5/25
    30 Year VA Refi 6.08% 4/5/25
    30 Year USDA Purchase 6.39% 4/5/25
    15 Year Conventional Purchase 6.29% 4/5/25
    15 Year Conventional Refi 6.54% 4/5/25
    15 Year Cash-out Refi 6.54% 4/5/25
    15 Year VA Purchase 5.25% 4/5/25
    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

    2,011

    Origination Dollar Volume (All Markets)

    $567,645,000
    Show all (11) awards

    Relative Rate

    Stockman Bank Of Montana's average 30 year fixed mortgage rate was 6.38%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.17%.

    Relative Fees (Closing Costs)

    Stockman Bank Of Montana's average total fees/closing costs for a 30 year fixed rate mortgage were $8,230.

    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 $8,356.

    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
    Bozeman, MT (FHA|USDA|VA) 235 $114,785,000 $488,447 $9,461 7.16%
    Outside of Metro Areas 565 $114,325,000 $202,345 $5,820 7.14%
    GREAT FALLS, MT (FHA|USDA|VA) 345 $113,675,000 $329,493 $7,264 6.96%
    BILLINGS, MT (FHA|USDA|VA) 485 $102,145,000 $210,608 $6,617 7.25%
    Helena, MT (FHA|USDA|VA) 155 $45,065,000 $290,742 $6,960 7.01%
    MISSOULA, MT (FHA|USDA|VA) 123 $40,835,000 $331,992 $8,108 7.33%
    Kalispell, MT (FHA|USDA|VA) 74 $28,410,000 $383,919 $8,455 6.93%
    Butte-Silver Bow, MT (FHA|USDA|VA) 15 $3,275,000 $218,333 $6,700 6.63%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,470,000 $367,500 $10,321 7.41%
    CASPER, WY (FHA|USDA|VA) 1 $895,000 $895,000 $9,950 7.50%
    Show Low, AZ (FHA|USDA|VA) 1 $885,000 $885,000 $0 8.00%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $805,000 $805,000 $0 9.00%
    Williston, ND (FHA|USDA|VA) 1 $345,000 $345,000 $0 7.00%
    Dickinson, ND (FHA|USDA|VA) 3 $285,000 $95,000 $0 8.82%
    BOISE CITY, ID (FHA|USDA|VA) 1 $245,000 $245,000 $6,382 7.00%
    BISMARCK, ND (FHA|USDA|VA) 2 $200,000 $100,000 $0 8.88%
    Stockman Bank Of Montana's top markets include Bozeman, Great Falls, Billings, Helena, and Missoula among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • North Dakota (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Washington (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.

    BILLINGS
    Similarity Rank: 16
    Altana Federal Credit Union
    Similarity Rank: 21
    CLEARWATER Federal Credit Union
    Similarity Rank: 30
    VALLEY FINANCIAL CREDIT UNION
    Similarity Rank: 56
    Opportunity Bank of Montana
    Similarity Rank: 1064
    S1L, Inc.
    Similarity Rank: 1312
    Morgan Stanley Private Bank
    Similarity Rank: 1764
    Stockman Bank of Montana
    Similarity Rank: 2016
    Ixonia Bank
    Similarity Rank: 2394
    Servion, Inc.
    Similarity Rank: 4620

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,175 $389,875,000 $331,809 $5,930 6.89%
    HELOC 495 $66,525,000 $134,394 n/a 8.50%
    FHA 179 $55,075,000 $307,682 $12,469 5.99%
    VA 148 $53,580,000 $362,027 $7,806 6.03%
    USDA 14 $2,590,000 $185,000 $7,143 5.88%

    For 2024, 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 495 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,238 $458,820,000 $370,614 $7,932 6.58%
    Refi 260 $49,420,000 $190,077 $3,193 7.97%
    Home Improvement 256 $21,200,000 $82,813 $1,272 8.34%
    Other 195 $21,385,000 $109,667 $3,011 8.04%
    Cash Out Refi 62 $16,820,000 $271,290 $7,385 6.72%

    For 2024, Stockman Bank Of Montana's most frequently cited loan purpose was Home Purchase, with 1,238 originations. The 2nd most popular reason was Refi, with 260 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,097 $386,095,000 $351,955 $8,230 6.38%
    Other 477 $100,905,000 $211,541 $4,080 8.37%
    15 Year 131 $21,055,000 $160,725 $2,450 7.06%
    20 Year 118 $25,510,000 $216,186 $2,607 7.45%
    10 Year 102 $8,160,000 $80,000 $1,228 8.10%
    1 Year 53 $17,005,000 $320,849 $5,901 8.54%
    5 Year 21 $3,105,000 $147,857 $473 8.13%
    3 Year 12 $5,810,000 $484,167 $320 8.33%

    For 2024, Stockman Bank Of Montana's most frequently cited loan duration was 30 Year, with 1,097 originations. The 2nd most popular length was Other, with 477 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 265 $47,955,000 $180,962
    $5k+ 260 $130,170,000 $500,654
    $3k-4k 236 $65,190,000 $276,229
    $2k-3k 215 $44,645,000 $207,651
    $4k-5k 178 $66,510,000 $373,652
    $1k-2k 129 $22,895,000 $177,481

    Stockman Bank Of Montana's average total fees were $8,230, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 265 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 755 $280,535,000 $371,570
    7-8% 496 $122,390,000 $246,754
    Over 8% 437 $52,385,000 $119,874
    5-6% 306 $86,670,000 $283,235
    <2.5% 11 $265,000 $24,091
    4-5% 6 $25,400,000 $4,233,333

    During 2024, Stockman Bank Of Montana's average interest rate for loans was 6.38%, while their most frequently originated rate bucket for loans was 6-7%, with 755 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 738 $213,190,000 $288,875 $7,596 6.75%
    $100,000 or less 511 $25,585,000 $50,068 $1,430 7.89%
    $100k-200k 410 $58,810,000 $143,439 $4,505 7.22%
    $400k-600k 244 $116,370,000 $476,926 $10,712 6.64%
    $600k-1MM 87 $61,165,000 $703,046 $13,669 6.92%
    $1MM+ 21 $92,525,000 $4,405,952 $9,890 7.21%

    2024 saw Stockman Bank Of Montana place emphasis on $200k-400k loans with 738 originations, totaling $213,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 486 $122,280,000 $251,605 $7,954 7.19%
    $50k-75k 340 $58,140,000 $171,000 $5,842 6.78%
    $75k-100k 329 $74,415,000 $226,185 $7,024 6.82%
    $150k-250k 324 $94,870,000 $292,809 $8,184 7.39%
    $250k+ 209 $85,135,000 $407,344 $8,935 7.37%
    $50k or less 143 $15,425,000 $107,867 $4,081 6.83%

    Stockman Bank Of Montana lent most frequently to those with incomes in the $100k-150k range, with 486 originations. The second most popular income band? $50k-75k, with 340 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 341 $72,585,000 $212,859 $6,043 7.36%
    30-36% 269 $55,905,000 $207,825 $5,965 7.22%
    <20% 151 $24,835,000 $164,470 $4,713 7.67%
    50-60% 103 $31,775,000 $308,495 $9,972 6.40%
    44% 102 $25,580,000 $250,784 $7,298 6.92%
    43% 88 $22,400,000 $254,545 $7,189 6.93%
    42% 77 $21,435,000 $278,377 $8,213 6.71%
    38% 73 $17,245,000 $236,233 $6,287 7.16%
    40% 71 $16,375,000 $230,634 $6,779 6.92%
    41% 71 $16,645,000 $234,437 $6,558 6.94%
    49% 67 $25,625,000 $382,463 $9,202 6.58%
    45% 60 $18,420,000 $307,000 $8,839 6.57%
    39% 58 $14,470,000 $249,483 $5,998 6.80%
    37% 57 $16,055,000 $281,667 $7,177 7.15%
    48% 55 $18,975,000 $345,000 $8,911 6.47%
    47% 54 $15,790,000 $292,407 $7,421 6.41%
    46% 51 $15,465,000 $303,235 $7,958 6.46%
    36% 48 $10,060,000 $209,583 $6,025 7.45%
    >60% 14 $6,130,000 $437,857 $5,309 7.47%

    Stockman Bank Of Montana lent most frequently to those with DTI ratios of 20-30%, with 341 originations. The next most common DTI ratio? 30-36%, with 269 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,713 $407,725,000 $238,018 $6,939 7.11%
    Not applicable 124 $104,340,000 $841,452 $0 8.03%
    Not provided 130 $46,720,000 $359,385 $8,419 6.74%
    American Indian 27 $5,295,000 $196,111 $6,264 6.96%
    Black 7 $1,725,000 $246,429 $7,882 5.57%
    Asian 8 $1,470,000 $183,750 $9,348 7.50%
    Native Hawaiian or Islander 2 $370,000 $185,000 $9,355 6.81%

    Approval Rates

    Total approvals of all applications
    94.34%

    Stockman Bank Of Montana has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.92%

    Stockman Bank Of Montana has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,011 $567,645,000 $282,270

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,011 $567,645,000 $282,270

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 332 $56,830,000 $171,175 $3,600 7.79%
    40-60% 264 $120,030,000 $454,659 $6,081 7.14%
    60-80% 390 $159,370,000 $408,641 $7,516 6.91%
    80-100% 565 $189,305,000 $335,053 $9,127 6.40%
    Over 100% 36 $13,690,000 $380,278 $12,758 6.10%
    Under 20% 424 $28,420,000 $67,028 $1,112 7.88%