BILLINGS Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Billings averaged 6.88% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.49% and one month ago for the week of 2024-10-10, the average rate was 6.32%.

    Billings's average rate one year ago was 7.6%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.98%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Billings 30 Year Fixed Rate 2024-11-14 6.88%
    Billings 30 Year Fixed Rate Refi 2024-11-14 6.98%
    Billings 15 Year Fixed Rate 2024-11-14 6.98%
    Billings 15 Year Fixed Rate Refi 2024-11-14 5.89%
    Billings 30 Year FHA 2024-11-14 -0.61%
    Billings 30 Year FHA Refi 2024-11-14 -0.2%
    Billings 30 Year USDA 2024-11-14 0.2%
    Billings 30 Year USDA Refi 2024-11-14 0.1%
    Billings 30 Year VA 2024-11-14 -0.09%
    Billings 30 Year VA Refi 2024-11-14 0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within BILLINGS, MT.

    BILLINGS Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the BILLINGS, MT market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Opportunity Bank of Montana 181 6.75% $6,331
    Stockman Bank of Montana 150 6.58% $6,581
    QUICKEN LOANS, LLC 82 6.75% $8,571
    Glacier Bank 78 6.71% $8,120
    UNIVERSAL LENDING CORPORATION 65 6.95% $7,928
    The Yellowstone Bank 64 6.73% $7,664
    UNITED WHOLESALE MORTGAGE, LLC 59 6.79% $8,154
    CROSSCOUNTRY MORTGAGE, LLC 54 6.82% $8,306
    GUARANTEED RATE, INC. 50 6.80% $9,104
    CORNERSTONE HOME LENDING, INC. 48 6.67% $9,045
    U.S. Bank 39 6.70% $5,761
    GUILD MORTGAGE COMPANY 39 6.62% $8,629
    Servion, Inc. 33 6.54% $7,604
    Wells Fargo Bank 25 6.23% $5,159
    First Interstate Bank 18 6.72% $6,740
    BILLINGS 17 6.79% $6,000
    American Bank Center 15 6.91% $7,104
    Flagstar Bank, FSB 15 6.71% $4,749
    CMG MORTGAGE, INC. 15 6.78% $7,260
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.57% $8,617
    Century Mortgage Company DBA Century Lending Company 13 6.25% $7,245
    Bank of America 10 6.48% $5,446
    VALLEY FINANCIAL CREDIT UNION 10 6.72% $4,626
    MANN FINANCIAL INC. 10 6.39% $7,048
    Altana Federal Credit Union 9 6.50% $5,238
    MOVEMENT MORTGAGE, LLC 8 6.61% $6,054
    BMO Harris Bank 7 6.46% $7,191
    Plains Commerce Bank 7 6.70% $7,213
    BROKER SOLUTIONS, INC. 7 7.00% $6,982
    Mr. Cooper ( Nationstar Mortgage ) 6 6.93% $10,289
    PNC Bank 6 6.50% $5,868
    PENNYMAC LOAN SERVICES, LLC 6 6.48% $9,759
    NEWREZ LLC 6 6.96% $9,470
    Morgan Stanley Private Bank 5 5.96% $3,647
    BETTER MORTGAGE CORPORATION 5 6.60% $3,646
    American Mortgage & Equity Consultants, Inc. 4 7.22% $8,872
    MOUNTAIN AMERICA 4 6.84% $7,169
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.34% $7,137
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.75% $6,608
    West Gate Bank 4 7.44% $12,182
    JPMorgan Chase Bank 4 7.78% $4,873
    LOANDEPOT.COM, LLC 4 6.44% $7,708
    FREEDOM MORTGAGE CORPORATION 3 7.46% $10,725
    Stifel Bank and Trust 3 5.71% $3,295
    V.I.P. MORTGAGE, INC. 3 6.92% $9,701
    AMERISAVE MORTGAGE CORPORATION 3 5.83% $8,122
    Mortgage Research Center, LLC 3 7.00% $6,785
    GoPrime Mortgage, Inc. 3 6.33% $9,604
    CITY FIRST MORTGAGE SERVICES, L.L.C. 3 7.88% $9,671
    Prosperity Home Mortgage, LLC 3 6.92% $8,240
    PENTAGON FEDERAL CREDIT UNION 3 6.25% $3,614
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.96% $6,246
    UBS Bank USA 2 5.81% $7,344
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 7.06% $12,343
    The Huntington National Bank 2 7.00% $9,734
    Truity Federal Credit Union 2 5.81% $8,905
    HOMESIDE FINANCIAL, LLC 2 7.56% $10,047
    NAVY FEDERAL CREDIT UNION 2 6.56% $2,988
    Bell Bank 2 6.88% $5,246
    USAA Federal Savings Bank 2 6.50% $9,497
    CHURCHILL MORTGAGE CORPORATION 2 6.75% $4,437
    AMERICAN FINANCING CORPORATION 2 7.75% $14,685
    Ally Bank 2 5.88% $4,368
    Nations Lending Corporation 1 6.38% $24,382
    AMCAP MORTGAGE, LTD. 1 7.50% $4,541
    ARC HOME LLC 1 8.88% $16,295
    AXIA FINANCIAL, LLC 1 6.50% $6,595
    BANKWEST, INC. 1 5.88% $6,141
    BAY EQUITY LLC 1 6.75% $13,622
    BEEHIVE 1 6.75% $9,425
    BLACK HILLS FEDERAL CREDIT UNION 1 6.63% $4,910
    CANOPY MORTGAGE, LLC 1 5.88% $7,897
    Charles Schwab Bank, SSB 1 6.00% $4,769
    CITYWIDE HOME LOANS, LLC 1 5.88% $7,639
    Commerce Home Mortgage, Inc. 1 7.88% $14,389
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.63% $3,046
    Discover Bank 1 6.24% $0
    ENVOY MORTGAGE, LTD 1 6.88% $4,573
    Equity Prime Mortgage LLC 1 6.63% $5,571
    EVERETT FINANCIAL, INC. 1 6.88% $7,423
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.88% $9,008
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 6.00% $8,841
    First Horizon Bank 1 6.13% $4,079
    First International Bank & Trust 1 6.75% $4,749
    First Western Trust Bank 1 5.75% $3,173
    Flanagan State Bank 1 6.13% $8,919
    Gate City Bank 1 4.13% $9,058
    Great Southern Bank 1 6.63% $4,702
    GREENSTATE CREDIT UNION 1 7.62% $4,487
    GUARANTEED RATE AFFINITY, LLC 1 7.38% $7,978
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.88% $11,177
    HORIZON 1 7.75% $5,454
    Ixonia Bank 1 7.63% $3,209
    LAKEVIEW LOAN SERVICING, LLC 1 5.63% $9,364
    Merchants Bank 1 6.90% $3,380
    Montana Federal Credit Union 1 6.63% $6,792
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $3,543
    ACADEMY MORTGAGE CORPORATION 1 7.38% $4,832
    NBKC BANK 1 6.88% $2,837
    Northwest Farm Credit Services, FLCA 1 7.20% $4,019
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.63% $6,553
    PLAZA HOME MORTGAGE, INC. 1 6.13% $11,386
    PREMIA MORTGAGE, LLC 1 5.38% $3,830
    RBC Bank, (Georgia) 1 5.63% $3,592
    RUOFF MORTGAGE COMPANY, INC. 1 6.88% $4,345
    SCHLUMBERGER EMPLOYEES CREDIT UNION 1 6.88% $4,130
    SPOKANE TEACHERS 1 6.00% $7,556
    T2 FINANCIAL LLC 1 7.50% $4,025
    THRIVE MORTGAGE, LLC 1 7.13% $5,526
    Truist 1 5.99% $5,586
    UMB Bank 1 7.74% $2,808
    Willamette Valley Bank 1 6.38% $9,321
    WINGS FINANCIAL 1 5.25% $3,713
    WRIGHT-PATT CREDIT UNION, INC. 1 5.88% $5,370
    Wyndham Capital Mortgage, Inc. 1 6.50% $1,987

    BILLINGS Average Closing Costs & Other Stats

    BILLINGS, MT's 115 lenders originated 3,676 loans during 2023. The total origination value was $1,011,870,000, with an average loan value of $275,264.

    BILLINGS's average closing costs are $6,148.

    The top BILLINGS lender as defined by loan originations is Opportunity Bank of Montana, with 181 loans originated. Their average total fees are $6,331, which is $249 lower than the next largest lender, Stockman Bank of Montana.

    The lowest fee BILLINGS lenders (with over 10 loans originated) are VALLEY FINANCIAL CREDIT UNION ($4,626), Flagstar Bank, FSB ($4,749), Wells Fargo Bank ($5,159), Bank of America ($5,446) and U.S. Bank ($5,761).

    The lowest rate BILLINGS lenders (with over 10 loans originated) are Wells Fargo Bank (6.23%), Century Mortgage Company DBA Century Lending Company (6.25%), MANN FINANCIAL INC. (6.39%), Bank of America (6.48%) and Servion, Inc. (6.54%).

    BILLINGS, MT Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Opportunity Bank of Montana $154,660,000 $117,220,000 -24.2% 11.6%
    Stockman Bank of Montana $161,325,000 $113,760,000 -29.5% 11.2%
    Glacier Bank $98,210,000 $51,460,000 -47.6% 5.1%
    QUICKEN LOANS, LLC $68,420,000 $44,085,000 -35.6% 4.4%
    UNITED WHOLESALE MORTGAGE, LLC $55,520,000 $43,085,000 -22.4% 4.3%
    The Yellowstone Bank $54,955,000 $40,630,000 -26.1% 4.0%
    GUARANTEED RATE, INC. $27,340,000 $39,450,000 44.3% 3.9%
    UNIVERSAL LENDING CORPORATION $40,800,000 $38,810,000 -4.9% 3.8%
    U.S. Bank $48,060,000 $29,375,000 -38.9% 2.9%
    GUILD MORTGAGE COMPANY $36,715,000 $27,575,000 -24.9% 2.7%
    CROSSCOUNTRY MORTGAGE, LLC $18,225,000 $26,120,000 43.3% 2.6%
    CORNERSTONE HOME LENDING, INC. $54,380,000 $23,780,000 -56.3% 2.4%
    WALKER & DUNLOP, LLC $22,715,000 n/a 2.2%
    VALLEY FINANCIAL CREDIT UNION $14,480,000 $21,050,000 45.4% 2.1%
    GREYSTONE SERVICING COMPANY LLC $13,560,000 $20,550,000 51.5% 2.0%
    Mortgage Research Center, LLC $19,975,000 $19,205,000 -3.9% 1.9%
    First Interstate Bank $82,960,000 $17,030,000 -79.5% 1.7%
    Servion, Inc. $25,300,000 $16,275,000 -35.7% 1.6%
    Prudential Huntoon Paige Associates, LLC $16,145,000 n/a 1.6%
    Little Horn State Bank $15,575,000 n/a 1.5%
    Altana Federal Credit Union $36,645,000 $12,960,000 -64.6% 1.3%
    American Bank Center $18,500,000 $10,240,000 -44.6% 1.0%
    Wells Fargo Bank $25,960,000 $9,160,000 -64.7% 0.9%
    CMG MORTGAGE, INC. $6,880,000 $8,670,000 26.0% 0.9%
    PENNYMAC LOAN SERVICES, LLC $9,430,000 $8,540,000 -9.4% 0.8%
    Flagstar Bank, FSB $22,100,000 $8,400,000 -62.0% 0.8%
    Century Mortgage Company DBA Century Lending Company $305,000 $7,455,000 2,344.3% 0.7%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,515,000 $6,730,000 -10.4% 0.7%
    FREEDOM MORTGAGE CORPORATION $19,235,000 $6,455,000 -66.4% 0.6%
    MANN FINANCIAL INC. $8,705,000 $5,940,000 -31.8% 0.6%
    BILLINGS $23,845,000 $5,890,000 -75.3% 0.6%
    NAVY FEDERAL CREDIT UNION $7,400,000 $5,880,000 -20.5% 0.6%
    Bank of America $8,855,000 $5,015,000 -43.4% 0.5%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $10,010,000 $4,665,000 -53.4% 0.5%
    LOANDEPOT.COM, LLC $19,615,000 $4,585,000 -76.6% 0.5%
    BMO Harris Bank $775,000 $4,525,000 483.9% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $6,970,000 $4,145,000 -40.5% 0.4%
    Bank of Bridger $9,535,000 $4,120,000 -56.8% 0.4%
    Plains Commerce Bank $2,715,000 $3,740,000 37.8% 0.4%
    USAA Federal Savings Bank $6,445,000 $3,515,000 -45.5% 0.3%
    PNC Bank $2,885,000 $3,405,000 18.0% 0.3%
    MOVEMENT MORTGAGE, LLC $315,000 $3,400,000 979.4% 0.3%
    NEWREZ LLC $4,970,000 $3,225,000 -35.1% 0.3%
    MOUNTAIN AMERICA $10,490,000 $3,085,000 -70.6% 0.3%
    American Mortgage & Equity Consultants, Inc. $3,020,000 n/a 0.3%
    21ST MORTGAGE CORPORATION $1,600,000 $2,720,000 70.0% 0.3%
    BROKER SOLUTIONS, INC. $7,560,000 $2,605,000 -65.5% 0.3%
    Morgan Stanley Private Bank $1,955,000 $2,455,000 25.6% 0.2%
    NEW DAY FINANCIAL, LLC $2,640,000 $2,340,000 -11.4% 0.2%
    AMERISAVE MORTGAGE CORPORATION $12,140,000 $2,250,000 -81.5% 0.2%
    UBS Bank USA $2,250,000 n/a 0.2%
    MID AMERICA MORTGAGE, INC. $1,770,000 $2,165,000 22.3% 0.2%
    West Gate Bank $2,060,000 n/a 0.2%
    Discover Bank $1,770,000 $2,000,000 13.0% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $1,810,000 $1,780,000 -1.7% 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $3,530,000 $1,755,000 -50.3% 0.2%
    The Federal Savings Bank $3,560,000 $1,700,000 -52.2% 0.2%
    BETTER MORTGAGE CORPORATION $2,980,000 $1,595,000 -46.5% 0.2%
    AMCAP MORTGAGE, LTD. $1,590,000 n/a 0.2%
    JPMorgan Chase Bank $15,210,000 $1,500,000 -90.1% 0.1%
    Stifel Bank and Trust $1,495,000 $1,500,000 0.3% 0.1%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $460,000 $1,410,000 206.5% 0.1%
    V.I.P. MORTGAGE, INC. $1,345,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $905,000 $1,295,000 43.1% 0.1%
    HOMESIDE FINANCIAL, LLC $520,000 $1,285,000 147.1% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $355,000 $1,285,000 262.0% 0.1%
    Figure Lending LLC $730,000 $1,260,000 72.6% 0.1%
    Truity Federal Credit Union $155,000 $1,250,000 706.5% 0.1%
    Bell Bank $1,245,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $5,885,000 $1,225,000 -79.2% 0.1%
    The Huntington National Bank $5,230,000 $1,200,000 -77.1% 0.1%
    GoPrime Mortgage, Inc. $825,000 $1,175,000 42.4% 0.1%
    MUTUAL OF OMAHA MORTGAGE, INC. $4,960,000 $1,175,000 -76.3% 0.1%
    Bank of England $265,000 $1,105,000 317.0% 0.1%
    PENTAGON FEDERAL CREDIT UNION $2,215,000 $1,095,000 -50.6% 0.1%
    GUARANTEED RATE AFFINITY, LLC $1,545,000 $1,080,000 -30.1% 0.1%
    Unify Home Lending Inc. $2,595,000 $1,055,000 -59.3% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $4,750,000 $990,000 -79.2% 0.1%
    EVANSVILLE TEACHERS $1,185,000 $965,000 -18.6% 0.1%
    NBKC BANK $1,545,000 $950,000 -38.5% 0.1%
    Ally Bank $1,565,000 $920,000 -41.2% 0.1%
    OPEN MORTGAGE, LLC $570,000 $875,000 53.5% 0.1%
    PLAZA HOME MORTGAGE, INC. $870,000 $865,000 -0.6% 0.1%
    CALCON MUTUAL MORTGAGE LLC $860,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $630,000 $840,000 33.3% 0.1%
    CHURCHILL MORTGAGE CORPORATION $635,000 $835,000 31.5% 0.1%
    AXIA FINANCIAL, LLC $790,000 n/a 0.1%
    FINANCE OF AMERICA REVERSE LLC $865,000 $790,000 -8.7% 0.1%
    BAY EQUITY LLC $1,300,000 $770,000 -40.8% 0.1%
    PLANET HOME LENDING, LLC $1,050,000 $770,000 -26.7% 0.1%
    GREENSTATE CREDIT UNION $725,000 n/a 0.1%
    Kirkwood Bank & Trust Co. $725,000 n/a 0.1%
    Carrington Mortgage Services, LLC $3,715,000 $715,000 -80.8% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $2,105,000 $710,000 -66.3% 0.1%
    First Western Trust Bank $565,000 $670,000 18.6% 0.1%
    Equity Prime Mortgage LLC $1,055,000 $640,000 -39.3% 0.1%
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY $640,000 n/a 0.1%
    Great Southern Bank $635,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $630,000 n/a 0.1%
    Pinnacle Bank - Wyoming $385,000 $625,000 62.3% 0.1%
    Gate City Bank $620,000 n/a 0.1%
    Commerce Home Mortgage, Inc. $325,000 $600,000 84.6% 0.1%
    Barrington Bank & Trust Company, N.A. $985,000 $560,000 -43.1% 0.1%
    BLACK HILLS FEDERAL CREDIT UNION $545,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $2,000,000 $540,000 -73.0% 0.1%
    BANKWEST, INC. $790,000 $535,000 -32.3% 0.1%
    OCMBC, INC. $535,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $775,000 $525,000 -32.3% 0.1%
    Logan Finance Corporation $515,000 n/a 0.1%
    Willamette Valley Bank $1,270,000 $515,000 -59.4% 0.1%
    Charles Schwab Bank, SSB $505,000 n/a 0.0%
    PREMIA MORTGAGE, LLC $2,305,000 $505,000 -78.1% 0.0%
    PREMIER LENDING, INC. $495,000 n/a 0.0%
    SOVEREIGN LENDING GROUP INCORPORATED $315,000 $495,000 57.1% 0.0%
    EVERETT FINANCIAL, INC. $660,000 $490,000 -25.8% 0.0%
    Nations Lending Corporation $1,930,000 $465,000 -75.9% 0.0%
    SPOKANE TEACHERS $465,000 n/a 0.0%
    BEEHIVE $425,000 n/a 0.0%
    RBC Bank, (Georgia) $425,000 n/a 0.0%
    ARC HOME LLC $415,000 n/a 0.0%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $405,000 n/a 0.0%
    SKYONE Federal Credit Union $385,000 n/a 0.0%
    CANOPY MORTGAGE, LLC $285,000 $375,000 31.6% 0.0%
    EMBRACE HOME LOANS, INC. $375,000 n/a 0.0%
    AMERICAN FINANCIAL NETWORK, INC. $365,000 n/a 0.0%
    NATIONS DIRECT MORTGAGE, LLC $185,000 $365,000 97.3% 0.0%
    CHERRY CREEK MORTGAGE, LLC $4,020,000 $355,000 -91.2% 0.0%
    UNION HOME MORTGAGE CORP. $555,000 $355,000 -36.0% 0.0%
    CARDINAL FINANCIAL $3,470,000 $335,000 -90.3% 0.0%
    ENVOY MORTGAGE, LTD $335,000 n/a 0.0%
    SPRING EQ, LLC $880,000 $335,000 -61.9% 0.0%
    VILLAGE CAPITAL MORTGAGE $495,000 $335,000 -32.3% 0.0%
    FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $155,000 $330,000 112.9% 0.0%
    Ixonia Bank $325,000 n/a 0.0%
    SECURITYNATIONAL MORTGAGE COMPANY $385,000 $320,000 -16.9% 0.0%
    RUOFF MORTGAGE COMPANY, INC. $315,000 n/a 0.0%
    T2 FINANCIAL LLC $315,000 n/a 0.0%
    Wyndham Capital Mortgage, Inc. $345,000 $315,000 -8.7% 0.0%
    CRESCENT MORTGAGE COMPANY $970,000 $305,000 -68.6% 0.0%
    Farmers Bank & Trust $305,000 n/a 0.0%
    CITYWIDE HOME LOANS, LLC $285,000 $295,000 3.5% 0.0%
    FIRST COLONY MORTGAGE CORPORATION $585,000 $285,000 -51.3% 0.0%
    Flanagan State Bank $405,000 $285,000 -29.6% 0.0%
    Montana Federal Credit Union $285,000 n/a 0.0%
    SUMMIT FUNDING, INC. $285,000 n/a 0.0%
    NEXERA HOLDING LLC $275,000 n/a 0.0%
    WRIGHT-PATT CREDIT UNION, INC. $275,000 n/a 0.0%
    KeyBank $2,580,000 $265,000 -89.7% 0.0%
    First Horizon Bank $255,000 n/a 0.0%
    HANSCOM $255,000 n/a 0.0%
    HORIZON $290,000 $255,000 -12.1% 0.0%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $365,000 $255,000 -30.1% 0.0%
    UMB Bank $255,000 n/a 0.0%
    LENDINGONE, LLC $655,000 $235,000 -64.1% 0.0%
    SCHLUMBERGER EMPLOYEES CREDIT UNION $225,000 n/a 0.0%
    ACADEMY MORTGAGE CORPORATION $1,785,000 $215,000 -88.0% 0.0%
    CLEARPATH LENDING $570,000 $215,000 -62.3% 0.0%
    First International Bank & Trust $365,000 $215,000 -41.1% 0.0%
    WINGS FINANCIAL $155,000 $215,000 38.7% 0.0%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $205,000 n/a 0.0%
    LONGBRIDGE FINANCIAL, LLC $390,000 $205,000 -47.4% 0.0%
    RANLIFE, INC. $205,000 n/a 0.0%
    Northwest Farm Credit Services, FLCA $1,155,000 $195,000 -83.1% 0.0%
    Merchants Bank $185,000 n/a 0.0%
    VERITAS FUNDING, LLC $490,000 $185,000 -62.2% 0.0%
    F&M Bank $175,000 n/a 0.0%
    PHH Mortgage Corporation $1,055,000 $175,000 -83.4% 0.0%
    Truist $3,040,000 $165,000 -94.6% 0.0%
    M&T Bank $865,000 $155,000 -82.1% 0.0%
    Thomasville National Bank $155,000 n/a 0.0%
    CREDIT HUMAN FEDERAL CREDIT UNION $15,000 $150,000 900.0% 0.0%
    Centier Bank $115,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $90,000 $115,000 27.8% 0.0%
    THRIVE MORTGAGE, LLC $105,000 n/a 0.0%
    Deere Employees Credit Union $95,000 n/a 0.0%
    KINECTA $395,000 $75,000 -81.0% 0.0%
    Service Federal Credit Union $35,000 $75,000 114.3% 0.0%
    CLEARWATER Federal Credit Union $285,000 $65,000 -77.2% 0.0%
    QUORUM FEDERAL CREDIT UNION $65,000 n/a 0.0%
    Connexus Credit Union $55,000 n/a 0.0%

    BILLINGS's top lender by overall market share is Opportunity Bank of Montana, with 11.6% market share. In second place, with 11.2%, is Stockman Bank of Montana, having originated $113,760,000 in loans. In third place, with 5.1%, is Glacier Bank, having originated $51,460,000 in loans. In fourth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $44,085,000 in loans. In fifth place, with 4.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $43,085,000 in loans.

    BILLINGS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - BILLINGS (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 $289,950 (0.8%) $385,884 (-8.3%) 1.07 785
    2018-02-01 $291,175 (0.1%) $389,718 (-8.9%) 1.06 790
    2018-03-01 $299,000 (3.1%) $403,263 (-3.9%) 1.05 806
    2018-04-01 $299,450 (-0.2%) $401,313 (-5.4%) 1.02 852
    2018-05-01 $299,900 (-1.7%) $409,588 (-2.9%) 1.00 963
    2018-06-01 $299,900 (-1.7%) $418,303 (-0.8%) 1.00 1,040
    2018-07-01 $299,700 (-1.7%) $419,317 (-0.6%) 1.00 1,143
    2018-08-01 $299,450 (-0.2%) $423,791 (0.8%) 1.00 1,149
    2018-09-01 $298,000 (-0.3%) $410,022 (-2.2%) 1.00 1,167
    2018-10-01 $295,000 (1.0%) $408,460 (-3.2%) 1.00 1,137
    2018-11-01 $295,875 (2.1%) $410,517 (-3.2%) 1.00 1,037
    2018-12-01 $295,000 (0.0%) $418,469 (-4.4%) 1.02 966
    2019-01-01 $293,338 (1.2%) $420,794 (9.1%) 1.01 870
    2019-02-01 $286,950 (-1.5%) $407,693 (4.6%) 0.97 881
    2019-03-01 $293,671 (-1.8%) $407,892 (1.2%) 0.96 805
    2019-04-01 $303,700 (1.4%) $404,641 (0.8%) 0.96 771
    2019-05-01 $315,000 (5.0%) $410,206 (0.2%) 0.98 777
    2019-06-01 $309,950 (3.4%) $422,974 (1.1%) 0.97 811
    2019-07-01 $303,750 (1.4%) $427,434 (1.9%) 0.95 853
    2019-08-01 $303,432 (1.3%) $419,832 (-0.9%) 0.96 851
    2019-09-01 $301,080 (1.0%) $402,387 (-1.9%) 0.96 824
    2019-10-01 $297,125 (0.7%) $386,425 (-5.4%) 0.96 804
    2019-11-01 $295,000 (-0.3%) $386,138 (-5.9%) 0.97 729
    2019-12-01 $297,000 (0.7%) $381,963 (-8.7%) 0.99 633
    2020-01-01 $299,948 (2.3%) $390,715 (-7.2%) 1.00 561
    2020-02-01 $299,000 (4.2%) $402,521 (-1.3%) 0.98 540
    2020-03-01 $298,625 (1.7%) $441,768 (8.3%) 0.94 518
    2020-04-01 $318,250 (4.8%) $444,109 (9.8%) 1.00 552
    2020-05-01 $329,900 (4.7%) $459,456 (12.0%) 1.00 540
    2020-06-01 $349,950 (12.9%) $499,149 (18.0%) 1.03 522
    2020-07-01 $349,900 (15.2%) $504,888 (18.1%) 1.01 487
    2020-08-01 $349,900 (15.3%) $513,657 (22.4%) 1.00 451
    2020-09-01 $354,675 (17.8%) $526,750 (30.9%) 1.02 437
    2020-10-01 $365,000 (22.8%) $577,156 (49.4%) 1.05 380
    2020-11-01 $374,510 (27.0%) $603,224 (56.2%) 1.10 334
    2020-12-01 $373,060 (25.6%) $610,669 (59.9%) 1.11 286
    2021-01-01 $379,900 (26.7%) $655,481 (67.8%) 1.13 231
    2021-02-01 $406,175 (35.8%) $678,313 (68.5%) 1.18 175
    2021-03-01 $411,250 (37.7%) $680,869 (54.1%) 1.17 174
    2021-04-01 $376,225 (18.2%) $658,971 (48.4%) 1.02 167
    2021-05-01 $425,000 (28.8%) $649,722 (41.4%) 1.13 182
    2021-06-01 $444,925 (27.1%) $701,724 (40.6%) 1.17 211
    2021-07-01 $449,900 (28.6%) $703,673 (39.4%) 1.19 257
    2021-08-01 $434,700 (24.2%) $651,230 (26.8%) 1.16 289
    2021-09-01 $423,225 (19.3%) $677,128 (28.6%) 1.13 307
    2021-10-01 $449,900 (23.3%) $768,976 (33.2%) 1.20 276
    2021-11-01 $474,975 (26.8%) $841,354 (39.5%) 1.27 224
    2021-12-01 $499,750 (34.0%) $926,917 (51.8%) 1.35 195
    2022-01-01 $549,900 (44.8%) $911,671 (39.1%) 1.49 150
    2022-02-01 $530,147 (30.5%) $960,074 (41.5%) 1.38 148
    2022-03-01 $440,000 (7.0%) $833,751 (22.5%) 1.10 153
    2022-04-01 $477,450 (26.9%) $794,252 (20.5%) 1.14 170
    2022-05-01 $516,225 (21.5%) $744,007 (14.5%) 1.18 267
    2022-06-01 $512,500 (15.2%) $727,374 (3.7%) 1.14 346
    2022-07-01 $499,406 (11.0%) $701,237 (-0.4%) 1.13 431
    2022-08-01 $487,450 (12.1%) $672,550 (3.3%) 1.13 449
    2022-09-01 $494,450 (16.8%) $668,002 (-1.4%) 1.16 456
    2022-10-01 $499,888 (11.1%) $662,182 (-13.9%) 1.18 463
    2022-11-01 $480,500 (1.2%) $638,707 (-24.1%) 1.16 463
    2022-12-01 $470,000 (-6.0%) $629,590 (-32.1%) 1.16 442
    2023-01-01 $497,950 (-9.5%) $626,755 (-31.3%) 1.23 376
    2023-02-01 $509,200 (-4.0%) $686,536 (-28.5%) 1.23 328
    2023-03-01 $534,450 (21.5%) $720,033 (-13.6%) 1.26 340
    2023-04-01 $529,000 (10.8%) $727,028 (-8.5%) 1.23 371
    2023-05-01 $546,225 (5.8%) $741,930 (-0.3%) 1.24 397
    2023-06-01 $534,450 (4.3%) $736,530 (1.3%) 1.20 473
    2023-07-01 $517,500 (3.6%) $715,902 (2.1%) 1.18 499
    2023-08-01 $499,938 (2.6%) $668,551 (-0.6%) 1.15 545
    2023-09-01 $499,900 (1.1%) $661,209 (-1.0%) 1.16 572
    2023-10-01 $497,750 (-0.4%) $638,325 (-3.6%) 1.17 577
    2023-11-01 $494,500 (2.9%) $633,646 (-0.8%) 1.18 549
    2023-12-01 $484,900 (3.2%) $625,331 (-0.7%) 1.18 524
    2024-01-01 $479,950 (-3.6%) $617,478 (-1.5%) 1.17 485
    2024-02-01 $499,938 (-1.8%) $629,924 (-8.3%) 1.20 428
    2024-03-01 $499,900 (-6.5%) $630,213 (-12.5%) 1.18 427
    2024-04-01 $519,900 (-1.7%) $644,738 (-11.3%) 1.21 456
    2024-05-01 $503,675 (-7.8%) $629,029 (-15.2%) 1.14 513
    2024-06-01 $499,444 (-6.6%) $639,493 (-13.2%) 1.12 622
    2024-07-01 $489,900 (-5.3%) $634,885 (-11.3%) 1.12 679
    2024-08-01 $485,000 (-3.0%) $631,205 (-5.6%) 1.13 699
    2024-09-01 $474,950 (-5.0%) $625,281 (-5.4%) 1.12 737
    2024-10-01 $459,900 (-7.6%) $605,048 (-5.2%) 1.08 765
    BILLINGS's median listing price for 2024-10-01 was $459,900, a difference of $-37,850 (-7.6%) versus the prior year and $-15,050 versus the prior month.

    BILLINGS's median listing price comes in at 108% of the national average.

    BILLINGS's average listing price for 2024-10-01 was $605,048, a difference of $-33,277 (-5.2%) versus the prior year and $-20,233 versus the prior month.

    For the 2024-10-01 period, BILLINGS had 765 MLS listings, a difference of 28 listings (4%) versus the prior month and 188 listings (33%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - BILLINGS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 91 days 2,419 sqft
    2018-02-01 84 days 2,407 sqft
    2018-03-01 61 days 2,440 sqft
    2018-04-01 53 days 2,461 sqft
    2018-05-01 50 days 2,473 sqft
    2018-06-01 51 days 2,448 sqft
    2018-07-01 56 days 2,457 sqft
    2018-08-01 62 days 2,400 sqft
    2018-09-01 68 days 2,400 sqft
    2018-10-01 71 days 2,400 sqft
    2018-11-01 80 days 2,380 sqft
    2018-12-01 92 days 2,377 sqft
    2019-01-01 97 days 2,361 sqft
    2019-02-01 88 days 2,275 sqft
    2019-03-01 76 days 2,311 sqft
    2019-04-01 62 days 2,384 sqft
    2019-05-01 48 days 2,363 sqft
    2019-06-01 50 days 2,385 sqft
    2019-07-01 51 days 2,408 sqft
    2019-08-01 55 days 2,364 sqft
    2019-09-01 60 days 2,307 sqft
    2019-10-01 65 days 2,252 sqft
    2019-11-01 67 days 2,220 sqft
    2019-12-01 78 days 2,210 sqft
    2020-01-01 84 days 2,244 sqft
    2020-02-01 75 days 2,230 sqft
    2020-03-01 64 days 2,247 sqft
    2020-04-01 57 days 2,251 sqft
    2020-05-01 53 days 2,365 sqft
    2020-06-01 42 days 2,402 sqft
    2020-07-01 41 days 2,487 sqft
    2020-08-01 38 days 2,433 sqft
    2020-09-01 44 days 2,353 sqft
    2020-10-01 47 days 2,434 sqft
    2020-11-01 49 days 2,483 sqft
    2020-12-01 61 days 2,374 sqft
    2021-01-01 66 days 2,260 sqft
    2021-02-01 45 days 2,370 sqft
    2021-03-01 34 days 2,232 sqft
    2021-04-01 26 days 2,260 sqft
    2021-05-01 21 days 2,261 sqft
    2021-06-01 22 days 2,374 sqft
    2021-07-01 25 days 2,300 sqft
    2021-08-01 29 days 2,227 sqft
    2021-09-01 38 days 2,185 sqft
    2021-10-01 45 days 2,371 sqft
    2021-11-01 60 days 2,376 sqft
    2021-12-01 59 days 2,321 sqft
    2022-01-01 57 days 2,390 sqft
    2022-02-01 38 days 2,480 sqft
    2022-03-01 34 days 2,343 sqft
    2022-04-01 19 days 2,282 sqft
    2022-05-01 19 days 2,426 sqft
    2022-06-01 28 days 2,561 sqft
    2022-07-01 32 days 2,492 sqft
    2022-08-01 43 days 2,386 sqft
    2022-09-01 43 days 2,337 sqft
    2022-10-01 44 days 2,402 sqft
    2022-11-01 44 days 2,297 sqft
    2022-12-01 58 days 2,280 sqft
    2023-01-01 66 days 2,254 sqft
    2023-02-01 64 days 2,305 sqft
    2023-03-01 50 days 2,452 sqft
    2023-04-01 36 days 2,469 sqft
    2023-05-01 33 days 2,543 sqft
    2023-06-01 31 days 2,480 sqft
    2023-07-01 39 days 2,490 sqft
    2023-08-01 40 days 2,449 sqft
    2023-09-01 46 days 2,360 sqft
    2023-10-01 47 days 2,433 sqft
    2023-11-01 58 days 2,390 sqft
    2023-12-01 64 days 2,288 sqft
    2024-01-01 67 days 2,246 sqft
    2024-02-01 64 days 2,269 sqft
    2024-03-01 50 days 2,344 sqft
    2024-04-01 37 days 2,384 sqft
    2024-05-01 33 days 2,309 sqft
    2024-06-01 33 days 2,333 sqft
    2024-07-01 43 days 2,318 sqft
    2024-08-01 45 days 2,288 sqft
    2024-09-01 52 days 2,288 sqft
    2024-10-01 54 days 2,253 sqft
    BILLINGS's median listing age (time on market) for 2024-10-01 was 54 days. This is 13% longer than the same period one year ago.

    BILLINGS's median square footage for active listings during the 2024-10-01 period was 2,253 sqft. One year prior, the average listing was 2,433 sqft.

    BILLINGS, MT Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    59001 Billings, MT HUD Metro FMR Area $710 $770 $1,010 $1,410 $1,710
    59002 Billings, MT HUD Metro FMR Area $770 $830 $1,090 $1,500 $1,700
    59006 Billings, MT HUD Metro FMR Area $600 $660 $870 $1,190 $1,390
    59007 Billings, MT HUD Metro FMR Area $710 $770 $1,010 $1,390 $1,580
    59008 Billings, MT HUD Metro FMR Area $770 $830 $1,090 $1,500 $1,700
    59013 Billings, MT HUD Metro FMR Area $720 $770 $1,010 $1,390 $1,580
    59014 Billings, MT HUD Metro FMR Area $610 $660 $870 $1,190 $1,390
    59015 Billings, MT HUD Metro FMR Area $690 $750 $980 $1,360 $1,590
    59019 Billings, MT HUD Metro FMR Area $690 $750 $990 $1,390 $1,690
    59024 Billings, MT HUD Metro FMR Area $590 $660 $870 $1,190 $1,390
    59026 Billings, MT HUD Metro FMR Area $730 $790 $1,040 $1,430 $1,620
    59029 Billings, MT HUD Metro FMR Area $750 $810 $1,060 $1,460 $1,650
    59037 Billings, MT HUD Metro FMR Area $840 $960 $1,260 $1,710 $2,010
    59041 Billings, MT HUD Metro FMR Area $710 $760 $1,000 $1,370 $1,560
    59044 Billings, MT HUD Metro FMR Area $710 $770 $1,010 $1,390 $1,580
    59057 Billings, MT HUD Metro FMR Area $740 $800 $1,050 $1,460 $1,710
    59063 Billings, MT HUD Metro FMR Area $650 $710 $930 $1,310 $1,580
    59064 Billings, MT HUD Metro FMR Area $810 $870 $1,140 $1,570 $1,780
    59068 Billings, MT HUD Metro FMR Area $660 $710 $940 $1,290 $1,470
    59070 Billings, MT HUD Metro FMR Area $720 $770 $1,020 $1,400 $1,590
    59071 Billings, MT HUD Metro FMR Area $690 $750 $980 $1,360 $1,600
    59079 Billings, MT HUD Metro FMR Area $590 $660 $870 $1,190 $1,390
    59088 Billings, MT HUD Metro FMR Area $810 $870 $1,140 $1,570 $1,780
    59101 Billings, MT HUD Metro FMR Area $710 $770 $1,010 $1,390 $1,580
    59102 Billings, MT HUD Metro FMR Area $810 $870 $1,140 $1,570 $1,780
    59103 Billings, MT HUD Metro FMR Area $750 $810 $1,060 $1,460 $1,650
    59104 Billings, MT HUD Metro FMR Area $750 $810 $1,060 $1,460 $1,650
    59105 Billings, MT HUD Metro FMR Area $780 $840 $1,110 $1,520 $1,730
    59106 Billings, MT HUD Metro FMR Area $890 $960 $1,260 $1,730 $1,970
    59107 Billings, MT HUD Metro FMR Area $750 $810 $1,060 $1,460 $1,650
    59108 Billings, MT HUD Metro FMR Area $750 $810 $1,060 $1,460 $1,650

    2022 Average & Median Rent Data Statistics
    BILLINGS, MT average 1BR rent: $786, median: $770
    BILLINGS, MT average 2BR rent: $1,032, median: $1,020
    BILLINGS, MT average 3BR rent: $1,422, median: $1,410

    BILLINGS, MT Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 2,279 $771,295,000 $338,436
    Cash Out Refi 473 $100,615,000 $212,717
    Home Improvement 358 $27,480,000 $76,760
    Other 294 $28,160,000 $95,782
    Refi 272 $84,320,000 $310,000

    Billings's most frequently cited loan purpose was Home Purchase, with 2,279 originations. The 2nd most popular reason was Cash Out Refi, with 473 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 1,228 $377,760,000 $307,622
    7-8% 843 $234,735,000 $278,452
    Over 8% 749 $86,335,000 $115,267
    5-6% 696 $230,670,000 $331,422
    4-5% 67 $38,085,000 $568,433
    <2.5% 12 $750,000 $62,500
    2.5-3% 5 $1,165,000 $233,000
    3-4% 4 $500,000 $125,000

    During 2023, Billings's most frequently originated rate bucket was 6-7%, with 1,228 originations.

    Loan Sizing (BILLINGS, MT MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 1,616 $477,920,000 $295,743
    $100,000 or less 838 $42,640,000 $50,883
    $100k-200k 610 $89,370,000 $146,508
    $400k-600k 460 $218,100,000 $474,130
    $600k-1000k 133 $94,335,000 $709,286
    $Over $1MM 19 $89,505,000 $4,710,789

    BILLINGS's loan sizing saw the bucket of loans from $200k-400k with 1,616 originations, totaling $477,920,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 1,256 $441,480,000 $351,497
    60-80% 767 $278,955,000 $363,696
    Under 20% 682 $36,450,000 $53,446
    20-40% 431 $62,985,000 $146,137
    40-60% 396 $146,620,000 $370,253
    Over 100% 54 $21,350,000 $395,370

    BILLINGS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,256 originations, totaling $441,480,000 in origination value.