BILLINGS Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Billings averaged 6.77% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-07-11) was 6.99% and one month ago for the week of 2024-06-13, the average rate was 7.05%.

Billings's average rate one year ago was 6.96%.

For refis of the same type during the week of 2024-07-18, the average rate was 7.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-18 6.77%
Billings 30 Year Fixed Rate 2024-07-18 6.77%
Billings 30 Year Fixed Rate Refi 2024-07-18 7.17%
Billings 15 Year Fixed Rate 2024-07-18 7.14%
Billings 15 Year Fixed Rate Refi 2024-07-18 6.05%
Billings 30 Year FHA 2024-07-18 6.38%
Billings 30 Year FHA Refi 2024-07-18 6.49%
Billings 30 Year USDA 2024-07-18 6.73%
Billings 30 Year USDA Refi 2024-07-18 6.43%
Billings 30 Year VA 2024-07-18 6.21%
Billings 30 Year VA Refi 2024-07-18 6.4%
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%) $639,952 (-13.1%) 1.12 622
BILLINGS's median listing price for 2024-06-01 was $499,444, a difference of $-35,006 (-6.6%) versus the prior year and $-4,231 versus the prior month.

BILLINGS's median listing price comes in at 112% of the national average.

BILLINGS's average listing price for 2024-06-01 was $639,952, a difference of $-96,578 (-13.1%) versus the prior year and $10,923 versus the prior month.

For the 2024-06-01 period, BILLINGS had 622 MLS listings, a difference of 109 listings (21%) versus the prior month and 149 listings (32%) 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 2,330 sqft
BILLINGS's median listing age (time on market) for 2024-06-01 was 33 days. This is 6% longer than the same period one year ago.

BILLINGS's median square footage for active listings during the 2024-06-01 period was 2,330 sqft. One year prior, the average listing was 2,480 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.