Stockman Bank Of Montana Mortgage Rates, Fees & Info
Miles City, MTLEI: 549300FVJ3IB88LTR841
Tax ID: 81-0213402
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Mortgage Data
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, 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 10/31/24 |
| 30 Year Conventional Purchase | 6.63% | 10/31/24 |
| 30 Year Conventional Refi | 6.74% | 10/31/24 |
| 30 Year Cash-out Refi | 6.89% | 10/31/24 |
| 30 Year FHA Purchase | 7.12% | 10/31/24 |
| 30 Year FHA Refi | 7.43% | 10/31/24 |
| 30 Year VA Purchase | 6.16% | 10/31/24 |
| 30 Year VA Refi | 6.27% | 10/31/24 |
| 30 Year USDA Purchase | 6.61% | 10/31/24 |
| 15 Year Conventional Purchase | 6.30% | 10/31/24 |
| 15 Year Conventional Refi | 6.31% | 10/31/24 |
| 15 Year Cash-out Refi | 6.31% | 10/31/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,734Origination Dollar Volume (All Markets)
$716,940,000Awards
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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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) | 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% |
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.
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Product Mix
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.
Loan Reason
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.
Loan Duration/Length
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.
Interest Rates
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.
Loan Sizing
2022 saw Stockman Bank Of Montana place emphasis on $200k-400k loans with 999 originations, totaling $286,155,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.55%
Stockman Bank Of Montana has an average approval rate.
Pick Rate
Approvals leading to origination78.20%
Stockman Bank Of Montana has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,734 | $716,940,000 | $262,231 |