Great Falls VA Loan Rates, Closing Costs & Stats

GREAT FALLS, MT

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Great Falls's 53 lenders originated 406 VA loans during 2024. The total origination value was $140,800,000, with an average VA loan value of $346,798.

    Great Falls VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Great Falls averaged -0.17% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Great Falls's average VA mortgage closing costs are $6,594.

    The average rate for the prior week (2025-06-27) was 6.37% and one month ago for the week of 2025-05-30, the average rate was 6.69%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.12%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Great Falls VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Great Falls level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Stockman Bank of Montana 70 6.01% $7,396
    Mortgage Research Center, LLC 55 6.33% $8,683
    Opportunity Bank of Montana 38 5.80% $8,991
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 5.90% $8,121
    UNITED WHOLESALE MORTGAGE, LLC 29 5.76% $9,211
    FREEDOM MORTGAGE CORPORATION 19 6.13% $6,620
    GUARANTEED RATE, INC. 10 6.10% $7,952
    Century Mortgage Company DBA Century Lending Company 8 5.95% $9,270
    S1L, Inc. 8 6.00% $13,530
    USAA Federal Savings Bank 8 6.38% $8,765
    QUICKEN LOANS, LLC 7 5.69% $13,745
    NAVY FEDERAL CREDIT UNION 7 5.86% $10,982
    NEW DAY FINANCIAL, LLC 7 7.66% $13,719
    PENNYMAC LOAN SERVICES, LLC 7 5.68% $8,642
    LAKEVIEW LOAN SERVICING, LLC 6 5.92% $7,762
    The Federal Savings Bank 5 6.73% $11,336
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 5 6.15% $10,480
    CLEARPATH LENDING 4 5.91% $6,649
    CROSSCOUNTRY MORTGAGE, LLC 3 6.04% $12,404
    Flagstar Bank, FSB 3 6.13% $11,889
    First Federal Bank 3 5.54% $8,400
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.31% $2,698
    LOANDEPOT.COM, LLC 2 6.49% $16,493
    NEWREZ LLC 2 5.40% $7,563
    MORTGAGE 1 INCORPORATED 2 6.56% $13,978
    PENTAGON FEDERAL CREDIT UNION 2 5.63% $7,832
    PLANET HOME LENDING, LLC 2 5.99% $2,471
    PLAZA HOME MORTGAGE, INC. 2 5.88% $10,551
    VERITAS FUNDING, LLC 2 6.25% $15,210
    Barrington Bank & Trust Company, N.A. 2 6.25% $6,550
    VILLAGE CAPITAL MORTGAGE 2 5.12% $4,389
    U.S. Bank 2 6.63% $9,652
    CMG MORTGAGE, INC. 2 5.75% $11,239
    CORNERSTONE HOME LENDING, INC. 1 5.63% $9,252
    FCB Banks 1 6.25% $4,812
    FIDELITY BANK 1 6.63% $13,098
    FIRST COLONY MORTGAGE CORPORATION 1 5.88% $2,940
    First Interstate Bank 1 6.50% $6,078
    American Mortgage & Equity Consultants, Inc. 1 7.25% $7,194
    CANOPY MORTGAGE, LLC 1 5.75% $10,140
    HOMESIDE FINANCIAL, LLC 1 5.75% $9,998
    MEGASTAR FINANCIAL CORP. 1 6.50% $11,498
    CALCON MUTUAL MORTGAGE LLC 1 7.13% $8,668
    MOUNTAIN AMERICA 1 5.13% $6,519
    MOVEMENT MORTGAGE, LLC 1 6.75% $5,074
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $18,809
    NBKC BANK 1 5.50% $10,888
    Network Funding, L.P. 1 6.13% $3,937
    North American Savings Bank, F.S.B. 1 5.75% $5,557
    BROKER SOLUTIONS, INC. 1 6.75% $19,773
    The Huntington National Bank 1 6.63% $7,905
    The Loan Store, Inc. 1 5.63% $10,440
    AmeriHome Mortgage Company, LLC 1 6.13% $4,958

    The top Great Falls VA lender as defined by loan originations is Stockman Bank of Montana, with 70 VA loans originated. Their average total fees are $7,396, which is $1,287 lower than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Great Falls VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($6,620), Stockman Bank of Montana ($7,396), GUARANTEED RATE, INC. ($7,952), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,121) and Mortgage Research Center, LLC ($8,683).

    The lowest rate Great Falls VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.76%), Opportunity Bank of Montana (5.80%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.90%), Stockman Bank of Montana (6.01%) and GUARANTEED RATE, INC. (6.10%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Great Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $215,975 (11.8%) $287,671 (7.5%) 0.00 280
    2018-02-01 $211,225 (4.6%) $283,637 (3.4%) 0.00 281
    2018-03-01 $225,000 (7.2%) $294,670 (5.4%) 0.00 264
    2018-04-01 $212,500 (6.3%) $287,733 (2.8%) 0.00 275
    2018-05-01 $222,500 (9.5%) $298,678 (8.9%) 0.00 305
    2018-06-01 $232,200 (10.6%) $302,171 (8.9%) 0.00 327
    2018-07-01 $234,700 (11.8%) $296,383 (11.0%) 0.00 335
    2018-08-01 $229,900 (17.3%) $288,645 (12.6%) 0.00 354
    2018-09-01 $225,000 (12.6%) $287,677 (10.5%) 0.00 379
    2018-10-01 $224,600 (4.5%) $282,946 (2.9%) 0.00 370
    2018-11-01 $223,600 (6.5%) $280,812 (0.0%) 0.00 346
    2018-12-01 $219,900 (4.7%) $279,597 (-1.0%) 0.00 320
    2019-01-01 $217,450 (0.7%) $283,616 (-1.4%) 0.00 280
    2019-02-01 $219,900 (4.1%) $280,709 (-1.0%) 0.00 277
    2019-03-01 $237,043 (5.4%) $291,498 (-1.1%) 0.00 258
    2019-04-01 $254,593 (19.8%) $299,651 (4.1%) 0.00 254
    2019-05-01 $248,550 (11.7%) $304,453 (1.9%) 0.00 297
    2019-06-01 $239,900 (3.3%) $307,001 (1.6%) 0.00 301
    2019-07-01 $239,950 (2.2%) $308,302 (4.0%) 0.00 343
    2019-08-01 $237,068 (3.1%) $304,042 (5.3%) 0.00 335
    2019-09-01 $232,670 (3.4%) $295,696 (2.8%) 0.00 323
    2019-10-01 $229,739 (2.3%) $289,282 (2.2%) 0.00 312
    2019-11-01 $224,950 (0.6%) $280,083 (-0.3%) 0.00 285
    2019-12-01 $226,500 (3.0%) $284,554 (1.8%) 0.00 241
    2020-01-01 $242,000 (11.3%) $292,393 (3.1%) 0.00 207
    2020-02-01 $239,950 (9.1%) $292,445 (4.2%) 0.00 196
    2020-03-01 $233,675 (-1.4%) $291,260 (-0.1%) 0.00 196
    2020-04-01 $252,725 (-0.7%) $305,059 (1.8%) 0.00 199
    2020-05-01 $259,000 (4.2%) $321,142 (5.5%) 0.00 205
    2020-06-01 $256,875 (7.1%) $323,319 (5.3%) 0.00 204
    2020-07-01 $257,000 (7.1%) $337,940 (9.6%) 0.00 182
    2020-08-01 $254,500 (7.4%) $343,000 (12.8%) 0.00 172
    2020-09-01 $266,925 (14.7%) $367,101 (24.2%) 0.00 154
    2020-10-01 $249,900 (8.8%) $364,622 (26.0%) 0.00 115
    2020-11-01 $276,375 (22.9%) $401,563 (43.4%) 0.00 101
    2020-12-01 $290,250 (28.2%) $439,072 (54.3%) 0.00 74
    2021-01-01 $295,950 (22.3%) $467,598 (59.9%) 0.00 60
    2021-02-01 $302,425 (26.0%) $524,639 (79.4%) 0.00 48
    2021-03-01 $343,035 (46.8%) $581,229 (99.6%) 0.00 57
    2021-04-01 $307,700 (21.8%) $583,691 (91.3%) 0.00 50
    2021-05-01 $287,450 (11.0%) $516,094 (60.7%) 0.00 56
    2021-06-01 $277,875 (8.2%) $466,696 (44.4%) 0.00 86
    2021-07-01 $285,000 (10.9%) $449,739 (33.1%) 0.00 88
    2021-08-01 $287,500 (13.0%) $430,297 (25.5%) 0.00 110
    2021-09-01 $312,425 (17.1%) $490,171 (33.5%) 0.00 91
    2021-10-01 $299,450 (19.8%) $471,122 (29.2%) 0.00 74
    2021-11-01 $291,250 (5.4%) $494,065 (23.0%) 0.00 61
    2021-12-01 $329,450 (13.5%) $528,538 (20.4%) 0.00 51
    2022-01-01 $349,950 (18.3%) $574,520 (22.9%) 0.00 45
    2022-02-01 $396,000 (30.9%) $612,818 (16.8%) 0.00 39
    2022-03-01 $388,725 (13.3%) $542,718 (-6.6%) 0.00 40
    2022-04-01 $339,000 (10.2%) $526,995 (-9.7%) 0.00 50
    2022-05-01 $394,000 (37.1%) $539,408 (4.5%) 0.00 71
    2022-06-01 $380,000 (36.8%) $524,816 (12.5%) 0.00 105
    2022-07-01 $395,000 (38.6%) $533,150 (18.6%) 0.00 120
    2022-08-01 $412,500 (43.5%) $564,773 (31.3%) 0.00 128
    2022-09-01 $411,000 (31.6%) $536,326 (9.4%) 0.00 111
    2022-10-01 $439,000 (46.6%) $542,712 (15.2%) 0.00 108
    2022-11-01 $439,000 (50.7%) $577,989 (17.0%) 0.00 90
    2022-12-01 $405,000 (22.9%) $557,568 (5.5%) 0.00 87
    2023-01-01 $408,500 (16.7%) $572,680 (-0.3%) 0.00 80
    2023-02-01 $411,750 (4.0%) $606,095 (-1.1%) 0.00 68
    2023-03-01 $405,500 (4.3%) $634,005 (16.8%) 0.00 62
    2023-04-01 $449,950 (32.7%) $628,595 (19.3%) 0.00 71
    2023-05-01 $372,000 (-5.6%) $628,776 (16.6%) 0.00 74
    2023-06-01 $408,250 (7.4%) $695,472 (32.5%) 0.00 78
    2023-07-01 $385,000 (-2.5%) $628,632 (17.9%) 0.00 95
    2023-08-01 $410,459 (-0.5%) $590,716 (4.6%) 0.00 102
    2023-09-01 $454,500 (10.6%) $619,208 (15.5%) 0.00 106
    2023-10-01 $421,500 (-4.0%) $591,041 (8.9%) 0.00 126
    2023-11-01 $388,450 (-11.5%) $560,579 (-3.0%) 0.00 139
    2023-12-01 $394,900 (-2.5%) $553,634 (-0.7%) 0.00 136
    2024-01-01 $382,500 (-6.4%) $547,571 (-4.4%) 0.00 122
    2024-02-01 $399,000 (-3.1%) $543,829 (-10.3%) 0.00 102
    2024-03-01 $375,000 (-7.5%) $545,691 (-13.9%) 0.00 99
    2024-04-01 $386,175 (-14.2%) $577,303 (-8.2%) 0.00 112
    2024-05-01 $377,400 (1.5%) $575,740 (-8.4%) 0.00 140
    2024-06-01 $398,000 (-2.5%) $623,282 (-10.4%) 0.00 152
    2024-07-01 $402,700 (4.6%) $605,324 (-3.7%) 0.00 170
    2024-08-01 $424,500 (3.4%) $633,395 (7.2%) 0.00 176
    2024-09-01 $392,450 (-13.7%) $628,336 (1.5%) 0.00 187
    2024-10-01 $401,450 (-4.8%) $623,945 (5.6%) 0.00 197
    2024-11-01 $415,000 (6.8%) $634,918 (13.3%) 0.00 171
    2024-12-01 $409,950 (3.8%) $645,243 (16.6%) 0.00 164
    2025-01-01 $438,700 (14.7%) $652,571 (19.2%) 0.00 128
    2025-02-01 $447,250 (12.1%) $672,621 (23.7%) 0.00 111
    2025-03-01 $417,000 (11.2%) $662,190 (21.4%) 0.00 110
    2025-04-01 $413,725 (7.1%) $647,947 (12.2%) 0.00 131
    2025-05-01 $429,000 (13.7%) $614,782 (6.8%) 0.00 180
    Great Falls's median listing price for 2025-05-01 was $429,000, a difference of $51,600 (13.7%) versus the prior year and $15,275 versus the prior month.

    Great Falls's median listing price comes in at 0% of the national average.

    Great Falls's average listing price for 2025-05-01 was $614,782, a difference of $39,042 (6.8%) versus the prior year and $-33,165 versus the prior month.

    For the 2025-05-01 period, Great Falls had 180 MLS listings, a difference of 49 listings (37%) versus the prior month and 40 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Great Falls (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,941 sqft
    2018-03-01 0 days 1,960 sqft
    2018-04-01 0 days 1,954 sqft
    2018-05-01 0 days 2,020 sqft
    2018-06-01 0 days 2,097 sqft
    2018-07-01 0 days 2,144 sqft
    2018-08-01 0 days 2,140 sqft
    2018-09-01 0 days 2,129 sqft
    2018-10-01 0 days 2,133 sqft
    2018-11-01 0 days 2,167 sqft
    2018-12-01 0 days 2,080 sqft
    2019-01-01 0 days 2,083 sqft
    2019-02-01 0 days 1,836 sqft
    2019-03-01 0 days 2,017 sqft
    2019-04-01 0 days 2,191 sqft
    2019-05-01 0 days 2,194 sqft
    2019-06-01 0 days 2,164 sqft
    2019-07-01 0 days 2,250 sqft
    2019-08-01 0 days 2,233 sqft
    2019-09-01 0 days 2,191 sqft
    2019-10-01 0 days 2,164 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,126 sqft
    2020-01-01 0 days 2,215 sqft
    2020-02-01 0 days 2,129 sqft
    2020-03-01 0 days 2,074 sqft
    2020-04-01 0 days 2,246 sqft
    2020-05-01 0 days 2,302 sqft
    2020-06-01 0 days 2,222 sqft
    2020-07-01 0 days 2,270 sqft
    2020-08-01 0 days 2,227 sqft
    2020-09-01 0 days 2,384 sqft
    2020-10-01 0 days 2,208 sqft
    2020-11-01 0 days 2,224 sqft
    2020-12-01 0 days 2,089 sqft
    2021-01-01 0 days 2,144 sqft
    2021-02-01 0 days 2,263 sqft
    2021-03-01 0 days 2,440 sqft
    2021-04-01 0 days 2,379 sqft
    2021-05-01 0 days 2,218 sqft
    2021-06-01 0 days 2,156 sqft
    2021-07-01 0 days 2,150 sqft
    2021-08-01 0 days 2,173 sqft
    2021-09-01 0 days 2,294 sqft
    2021-10-01 0 days 2,240 sqft
    2021-11-01 0 days 2,261 sqft
    2021-12-01 0 days 2,200 sqft
    2022-01-01 0 days 2,216 sqft
    2022-02-01 0 days 2,343 sqft
    2022-03-01 0 days 2,265 sqft
    2022-04-01 0 days 2,196 sqft
    2022-05-01 0 days 2,299 sqft
    2022-06-01 0 days 2,352 sqft
    2022-07-01 0 days 2,431 sqft
    2022-08-01 0 days 2,515 sqft
    2022-09-01 0 days 2,454 sqft
    2022-10-01 0 days 2,586 sqft
    2022-11-01 0 days 2,507 sqft
    2022-12-01 0 days 2,344 sqft
    2023-01-01 0 days 2,321 sqft
    2023-02-01 0 days 2,282 sqft
    2023-03-01 0 days 2,290 sqft
    2023-04-01 0 days 2,298 sqft
    2023-05-01 0 days 2,043 sqft
    2023-06-01 0 days 2,216 sqft
    2023-07-01 0 days 2,104 sqft
    2023-08-01 0 days 2,120 sqft
    2023-09-01 0 days 2,344 sqft
    2023-10-01 0 days 2,266 sqft
    2023-11-01 0 days 2,228 sqft
    2023-12-01 0 days 2,247 sqft
    2024-01-01 0 days 1,944 sqft
    2024-02-01 0 days 2,118 sqft
    2024-03-01 0 days 2,072 sqft
    2024-04-01 0 days 2,113 sqft
    2024-05-01 0 days 2,020 sqft
    2024-06-01 0 days 2,107 sqft
    2024-07-01 0 days 2,115 sqft
    2024-08-01 0 days 2,195 sqft
    2024-09-01 0 days 2,112 sqft
    2024-10-01 0 days 2,033 sqft
    2024-11-01 0 days 2,073 sqft
    2024-12-01 0 days 2,094 sqft
    2025-01-01 0 days 2,105 sqft
    2025-02-01 0 days 1,993 sqft
    2025-03-01 0 days 2,063 sqft
    2025-04-01 0 days 2,136 sqft
    2025-05-01 0 days 2,059 sqft
    Great Falls's median listing age (time on market) for 2025-05-01 was 0 days.

    Great Falls's median square footage for active listings during the 2025-05-01 period was 2,059 sqft. One year prior, the average listing was 2,020 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.