Stockman Bank Of Montana Mortgage Rates, Fees & Info

Miles City, MT

LEI: 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.

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% 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






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

2,734

Origination Dollar Volume (All Markets)

$716,940,000

Awards

Stockman Bank of Montana FHA Loans silver Stockman Bank of Montana USDA Loans gold Stockman Bank of Montana USDA Loans silver
Show all (3) 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) 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%
Stockman Bank Of Montana's top markets include Billings, Bozeman, Great Falls, Missoula, and Helena among others.

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

    PARK SIDE FINANCIAL
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,765 $543,535,000 $307,952 $5,559 4.97%
    HELOC 662 $82,270,000 $124,275 n/a 5.07%
    FHA 143 $37,155,000 $259,825 $10,359 4.74%
    VA 137 $49,035,000 $357,920 $10,331 4.68%
    USDA 27 $4,945,000 $183,148 $6,088 4.26%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,599 $543,315,000 $339,784 $6,997 4.95%
    Other 323 $40,305,000 $124,783 $3,136 5.07%
    Home Improvement 311 $25,125,000 $80,788 $1,322 5.30%
    Refi 306 $59,460,000 $194,314 $3,712 4.88%
    Cash Out Refi 195 $48,735,000 $249,923 $6,550 4.46%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,490 $459,200,000 $308,188 $7,198 4.86%
    10 Year 645 $57,045,000 $88,442 $1,362 5.10%
    15 Year 205 $32,795,000 $159,976 $3,203 4.58%
    20 Year 199 $93,615,000 $470,427 $3,155 5.28%
    1 Year 104 $35,020,000 $336,731 $4,530 5.15%
    Other 55 $36,415,000 $662,091 $3,242 5.49%
    5 Year 29 $1,875,000 $64,655 $606 5.76%
    3 Year 7 $975,000 $139,286 $707 5.25%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 413 $91,105,000 $220,593
    $<1k 332 $63,950,000 $192,620
    $3k-4k 332 $98,550,000 $296,837
    $5k+ 328 $156,780,000 $477,988
    $1k-2k 288 $45,990,000 $159,688
    $4k-5k 181 $67,505,000 $372,956

    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

    Loan Rate Originations Total Value Average Loan
    5-6% 775 $194,955,000 $251,555
    4-5% 737 $231,865,000 $314,607
    3-4% 696 $172,350,000 $247,629
    6-7% 345 $86,225,000 $249,928
    7-8% 97 $12,735,000 $131,289
    2.5-3% 55 $13,305,000 $241,909
    <2.5% 16 $4,030,000 $251,875
    Over 8% 13 $1,475,000 $113,462

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 999 $286,155,000 $286,441 $6,896 4.91%
    $100,000 or less 700 $37,100,000 $53,000 $1,655 5.21%
    $100k-200k 612 $89,200,000 $145,752 $4,351 4.88%
    $400k-600k 303 $142,165,000 $469,191 $8,956 4.77%
    $600k-1MM 94 $65,690,000 $698,830 $13,020 4.77%
    $1MM+ 26 $96,630,000 $3,716,538 $15,414 4.90%

    2022 saw Stockman Bank Of Montana place emphasis on $200k-400k loans with 999 originations, totaling $286,155,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 594 $110,740,000 $186,431 $5,662 4.87%
    $100k-150k 577 $145,755,000 $252,608 $6,902 4.97%
    $75k-100k 468 $105,890,000 $226,261 $6,299 5.00%
    $150k-250k 389 $115,545,000 $297,031 $7,569 5.05%
    $50k or less 294 $35,740,000 $121,565 $4,405 4.81%
    $250k+ 212 $85,280,000 $402,264 $7,916 5.01%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 483 $103,745,000 $214,793 $5,294 4.85%
    30-36% 433 $96,045,000 $221,813 $5,744 4.90%
    <20% 266 $41,300,000 $155,263 $4,865 4.98%
    44% 115 $28,445,000 $247,348 $7,093 4.75%
    41% 111 $27,025,000 $243,468 $6,150 4.97%
    42% 108 $25,740,000 $238,333 $6,197 4.92%
    40% 101 $25,805,000 $255,495 $6,756 4.82%
    43% 101 $26,725,000 $264,604 $6,507 5.08%
    49% 97 $29,755,000 $306,753 $7,239 4.90%
    38% 94 $22,040,000 $234,468 $6,132 5.13%
    50-60% 90 $25,590,000 $284,333 $9,749 4.88%
    37% 79 $21,945,000 $277,785 $6,846 4.82%
    36% 76 $15,570,000 $204,868 $6,432 5.14%
    45% 74 $21,170,000 $286,081 $7,066 5.17%
    48% 71 $21,265,000 $299,507 $6,768 4.98%
    39% 69 $15,055,000 $218,188 $5,801 4.79%
    47% 69 $19,335,000 $280,217 $7,441 5.09%
    46% 58 $17,740,000 $305,862 $7,134 4.73%
    >60% 17 $13,755,000 $809,118 $4,004 4.95%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,425 $565,715,000 $233,285 $6,197 4.93%
    Not applicable 122 $99,930,000 $819,098 $0 5.33%
    Not provided 126 $37,790,000 $299,921 $7,879 5.05%
    American Indian 36 $6,760,000 $187,778 $5,162 4.90%
    Asian 15 $4,345,000 $289,667 $6,150 5.17%
    Black 7 $1,835,000 $262,143 $8,292 5.23%
    Other Pacific Islander 2 $420,000 $210,000 $6,129 5.50%
    Chinese 1 $145,000 $145,000 $0 4.45%

    Approval Rates

    Total approvals of all applications
    94.55%

    Stockman Bank Of Montana has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.20%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,734 $716,940,000 $262,231

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 372 $65,110,000 $175,027 $4,198 4.92%
    40-60% 395 $128,215,000 $324,595 $5,416 4.85%
    60-80% 688 $224,340,000 $326,076 $6,625 4.95%
    80-100% 702 $240,590,000 $342,721 $7,715 4.89%
    Over 100% 31 $11,785,000 $380,161 $15,513 5.06%
    Under 20% 546 $46,900,000 $85,897 $1,223 5.16%