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 0.13% for the week of 2025-06-20, 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 (2025-06-13) was 6.58% and one month ago for the week of 2025-05-16, the average rate was 6.34%.

    The average rate one year ago was 6.54%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.08%.

    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%).

    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.