Stockman Bank Of Montana Mortgage Rates, Fees & InfoMiles City, MT
Tax ID: 81-0213402
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewStockman 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, Bozeman, Great Falls, Missoula, and Helena 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 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||5/27/23|
|30 Year Conventional Purchase||6.63%||5/27/23|
|30 Year Conventional Refi||6.74%||5/27/23|
|30 Year Cash-out Refi||6.89%||5/27/23|
|30 Year FHA Purchase||7.12%||5/27/23|
|30 Year FHA Refi||7.43%||5/27/23|
|30 Year VA Purchase||6.16%||5/27/23|
|30 Year VA Refi||6.27%||5/27/23|
|30 Year USDA Purchase||6.61%||5/27/23|
|15 Year Conventional Purchase||6.30%||5/27/23|
|15 Year Conventional Refi||6.31%||5/27/23|
|15 Year Cash-out Refi||6.31%||5/27/23|
|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 EstimatesEstimated 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™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$716,940,000
Stockman Bank of Montana - 2022
Stockman Bank of Montana is a 2022 , due to their low .
For 2022, less than of lenders were eligible for this award.
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Stockman Bank Of Montana's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.1%.
Relative Fees (Closing Costs)
Stockman Bank Of Montana's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,198.
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 $4,750.
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)||729||$161,325,000||$221,296||$6,465||4.97%|
|Outside of Metro Areas||738||$147,810,000||$200,285||$5,361||4.95%|
|Bozeman, MT (FHA|USDA|VA)||402||$131,960,000||$328,259||$7,959||4.95%|
|GREAT FALLS, MT (FHA|USDA|VA)||426||$100,000,000||$234,742||$6,290||4.97%|
|MISSOULA, MT (FHA|USDA|VA)||172||$92,580,000||$538,256||$6,327||5.01%|
|Helena, MT (FHA|USDA|VA)||171||$41,495,000||$242,661||$6,189||4.84%|
|Kalispell, MT (FHA|USDA|VA)||59||$31,235,000||$529,407||$5,081||5.03%|
|Butte-Silver Bow, MT (FHA|USDA|VA)||26||$4,960,000||$190,769||$6,443||5.06%|
|Outside of Metro Areas||2||$3,120,000||$1,560,000||$9,556||4.60%|
|SIOUX FALLS, SD (FHA|USDA|VA)||1||$375,000||$375,000||$0||5.75%|
|Minot, ND (FHA|USDA|VA)||1||$375,000||$375,000||$10,416||3.25%|
|BISMARCK, ND (FHA|USDA|VA)||2||$370,000||$185,000||$0||4.60%|
|Dickinson, ND (FHA|USDA|VA)||1||$315,000||$315,000||$5,597||6.88%|
|BOISE CITY, ID (FHA|USDA|VA)||1||$305,000||$305,000||$0||5.00%|
|PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)||1||$295,000||$295,000||$0||4.50%|
|Williston, ND (FHA|USDA|VA)||1||$265,000||$265,000||$5,287||4.75%|
|Aberdeen, SD (FHA|USDA|VA)||1||$155,000||$155,000||$0||6.75%|
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.
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For 2022, Stockman Bank Of Montana's most frequently originated type of loan was Conventional, with 1,765 originations. Their 2nd most popular type was HELOC, with 662 originations.
For 2022, Stockman Bank Of Montana's most frequently cited loan purpose was Home Purchase, with 1,599 originations. The 2nd most popular reason was Other, with 323 originations.
For 2022, Stockman Bank Of Montana's most frequently cited loan duration was 30 Year, with 1,490 originations. The 2nd most popular length was 10 Year, with 645 originations.
Origination Fees/Closing Costs
Stockman Bank Of Montana's average total fees were $7,198, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 413 originations.
During 2022, Stockman Bank Of Montana's average interest rate for loans was 4.86%, while their most frequently originated rate bucket for loans was 5-6%, with 775 originations.
2022 saw Stockman Bank Of Montana place emphasis on $200k-400k loans with 999 originations, totaling $286,155,000 in origination value.
Stockman Bank Of Montana lent most frequently to those with incomes in the $50k-75k range, with 594 originations. The second most popular income band? $100k-150k, with 577 originations.
Applicant Debt to Income Ratio
Stockman Bank Of Montana lent most frequently to those with DTI ratios of 20-30%, with 483 originations. The next most common DTI ratio? 30-36%, with 433 originations.
Approval RatesTotal approvals of all applications
Stockman Bank Of Montana has an average approval rate.
Pick RateApprovals leading to origination
Stockman Bank Of Montana has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|