BILLINGS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Billings averaged
6.54%
for the week of 2025-08-28, compared to the national average of
6.56% for the same period.
The average rate for the prior week (2025-08-21) was
6.46% and
one month ago for the week of 2025-07-24, the
average rate was 6.82%.
Billings's average rate one year ago was 6.34%.
For refis of the same type during the week of 2025-08-28, the average rate
was 6.42%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-08-28 | 6.56% |
| Billings 30 Year Fixed Rate | 2025-08-28 | 6.54% |
| Billings 30 Year Fixed Rate Refi | 2025-08-28 | 6.42% |
| Billings 15 Year Fixed Rate | 2025-08-28 | 5.49% |
| Billings 15 Year Fixed Rate Refi | 2025-08-28 | 5.79% |
| Billings 30 Year FHA | 2025-08-28 | 6.14% |
| Billings 30 Year FHA Refi | 2025-08-28 | 6.2% |
| Billings 30 Year USDA | 2025-08-28 | 6.47% |
| Billings 30 Year USDA Refi | 2025-08-28 | 6.07% |
| Billings 30 Year VA | 2025-08-28 | 5.77% |
| Billings 30 Year VA Refi | 2025-08-28 | 5.81% |
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.).
BILLINGS Average Closing Costs & Other Stats
BILLINGS, MT's 115 lenders originated 4,223
loans during 2024. The total origination value was $1,111,355,000, with an average loan value of
$263,167.
BILLINGS's average closing costs are $6,416.
The top BILLINGS lender as defined by loan originations is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, with
125 loans originated. Their average total fees are
$9,169, which is $2,737
higher than the next largest lender,
Stockman Bank of Montana.
The lowest fee BILLINGS lenders (with over 10 loans originated) are
Altana Federal Credit Union ($4,680), U.S. Bank ($4,873), BMO Harris Bank ($5,343), Opportunity Bank of Montana ($5,601) and Wells Fargo Bank ($5,981).
The lowest rate BILLINGS lenders (with over 10 loans originated) are
VALLEY FINANCIAL CREDIT UNION (5.73%), Altana Federal Credit Union (6.30%), BILLINGS (6.34%), LOANDEPOT.COM, LLC (6.35%) and Wells Fargo Bank (6.37%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Stockman Bank of Montana | $113,760,000 | $102,145,000 | -10.2% | 9.2% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $640,000 | $95,405,000 | 14,807.0% | 8.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $43,085,000 | $60,470,000 | 40.4% | 5.4% |
| Altana Federal Credit Union | $12,960,000 | $56,465,000 | 335.7% | 5.1% |
| VALLEY FINANCIAL CREDIT UNION | $21,050,000 | $50,835,000 | 141.5% | 4.6% |
| Glacier Bank | $51,460,000 | $42,150,000 | -18.1% | 3.8% |
| QUICKEN LOANS, LLC | $44,085,000 | $41,775,000 | -5.2% | 3.8% |
| HOMESIDE FINANCIAL, LLC | $1,285,000 | $41,335,000 | 3,116.7% | 3.7% |
| The Yellowstone Bank | $40,630,000 | $36,025,000 | -11.3% | 3.2% |
| GUILD MORTGAGE COMPANY | $27,575,000 | $35,310,000 | 28.1% | 3.2% |
| Opportunity Bank of Montana | $117,220,000 | $33,765,000 | -71.2% | 3.0% |
| GUARANTEED RATE, INC. | $39,450,000 | $30,595,000 | -22.4% | 2.8% |
| U.S. Bank | $29,375,000 | $29,260,000 | -0.4% | 2.6% |
| CMG MORTGAGE, INC. | $8,670,000 | $24,130,000 | 178.3% | 2.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $26,120,000 | $23,035,000 | -11.8% | 2.1% |
| Mortgage Research Center, LLC | $19,205,000 | $22,770,000 | 18.6% | 2.0% |
| FREEDOM MORTGAGE CORPORATION | $6,455,000 | $17,475,000 | 170.7% | 1.6% |
| WALKER & DUNLOP, LLC | $22,715,000 | $15,615,000 | -31.3% | 1.4% |
| BILLINGS | $5,890,000 | $15,395,000 | 161.4% | 1.4% |
| NEWREZ LLC | $3,225,000 | $14,965,000 | 364.0% | 1.3% |
| Century Mortgage Company DBA Century Lending Company | $7,455,000 | $14,885,000 | 99.7% | 1.3% |
| Servion, Inc. | $16,275,000 | $13,610,000 | -16.4% | 1.2% |
| Bell Bank | $1,245,000 | $12,160,000 | 876.7% | 1.1% |
| First Interstate Bank | $17,030,000 | $11,735,000 | -31.1% | 1.1% |
| Little Horn State Bank | $15,575,000 | $11,625,000 | -25.4% | 1.0% |
| American Bank Center | $10,240,000 | $11,110,000 | 8.5% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $8,540,000 | $10,220,000 | 19.7% | 0.9% |
| CALCON MUTUAL MORTGAGE LLC | $860,000 | $7,930,000 | 822.1% | 0.7% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $4,665,000 | $7,605,000 | 63.0% | 0.7% |
| Bank of Bridger | $4,120,000 | $7,065,000 | 71.5% | 0.6% |
| LOANDEPOT.COM, LLC | $4,585,000 | $6,930,000 | 51.1% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,175,000 | $6,625,000 | 463.8% | 0.6% |
| USAA Federal Savings Bank | $3,515,000 | $6,305,000 | 79.4% | 0.6% |
| MOUNTAIN AMERICA | $3,085,000 | $6,075,000 | 96.9% | 0.5% |
| Flagstar Bank, FSB | $8,400,000 | $6,015,000 | -28.4% | 0.5% |
| BMO Harris Bank | $4,525,000 | $5,990,000 | 32.4% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,145,000 | $5,710,000 | 37.8% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,730,000 | $5,615,000 | -16.6% | 0.5% |
| Wells Fargo Bank | $9,160,000 | $5,520,000 | -39.7% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $5,880,000 | $5,475,000 | -6.9% | 0.5% |
| CORNERSTONE HOME LENDING, INC. | $23,780,000 | $5,045,000 | -78.8% | 0.5% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $4,540,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $990,000 | $4,345,000 | 338.9% | 0.4% |
| 21ST MORTGAGE CORPORATION | $2,720,000 | $4,070,000 | 49.6% | 0.4% |
| SECURITYNATIONAL MORTGAGE COMPANY | $320,000 | $4,005,000 | 1,151.6% | 0.4% |
| Plains Commerce Bank | $3,740,000 | $3,945,000 | 5.5% | 0.4% |
| UNION HOME MORTGAGE CORP. | $355,000 | $3,945,000 | 1,011.3% | 0.4% |
| JPMorgan Chase Bank | $1,500,000 | $3,715,000 | 147.7% | 0.3% |
| BROKER SOLUTIONS, INC. | $2,605,000 | $3,395,000 | 30.3% | 0.3% |
| PREMIA MORTGAGE, LLC | $505,000 | $3,145,000 | 522.8% | 0.3% |
| Northwest Farm Credit Services, FLCA | $195,000 | $2,910,000 | 1,392.3% | 0.3% |
| Carrington Mortgage Services, LLC | $715,000 | $2,895,000 | 304.9% | 0.3% |
| ZILLOW HOME LOANS, LLC | $540,000 | $2,845,000 | 426.9% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $525,000 | $2,575,000 | 390.5% | 0.2% |
| The Federal Savings Bank | $1,700,000 | $2,470,000 | 45.3% | 0.2% |
| Barrington Bank & Trust Company, N.A. | $560,000 | $2,345,000 | 318.8% | 0.2% |
| NBKC BANK | $950,000 | $2,345,000 | 146.8% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $335,000 | $2,315,000 | 591.0% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $2,250,000 | $2,295,000 | 2.0% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $2,165,000 | $2,265,000 | 4.6% | 0.2% |
| The Huntington National Bank | $1,200,000 | $2,265,000 | 88.8% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,755,000 | $2,250,000 | 28.2% | 0.2% |
| AMERICAN FINANCING CORPORATION | $1,225,000 | $2,190,000 | 78.8% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $2,100,000 | n/a | 0.2% | |
| NEW DAY FINANCIAL, LLC | $2,340,000 | $2,095,000 | -10.5% | 0.2% |
| Truist | $165,000 | $1,925,000 | 1,066.7% | 0.2% |
| S1L, Inc. | $1,900,000 | n/a | 0.2% | |
| ALLIANT CREDIT UNION | $1,800,000 | n/a | 0.2% | |
| BLACK HILLS FEDERAL CREDIT UNION | $545,000 | $1,800,000 | 230.3% | 0.2% |
| THRIVENT Federal Credit Union | $1,790,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $3,400,000 | $1,760,000 | -48.2% | 0.2% |
| CARDINAL FINANCIAL | $335,000 | $1,710,000 | 410.4% | 0.2% |
| First International Bank & Trust | $215,000 | $1,675,000 | 679.1% | 0.2% |
| Bank of America | $5,015,000 | $1,540,000 | -69.3% | 0.1% |
| PLANET HOME LENDING, LLC | $770,000 | $1,445,000 | 87.7% | 0.1% |
| Commerce Home Mortgage, Inc. | $600,000 | $1,435,000 | 139.2% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $835,000 | $1,375,000 | 64.7% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $3,020,000 | $1,300,000 | -57.0% | 0.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $1,250,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $1,500,000 | $1,240,000 | -17.3% | 0.1% |
| AmeriHome Mortgage Company, LLC | $630,000 | $1,165,000 | 84.9% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,780,000 | $1,125,000 | -36.8% | 0.1% |
| PHH Mortgage Corporation | $175,000 | $1,085,000 | 520.0% | 0.1% |
| Equity Prime Mortgage LLC | $640,000 | $1,070,000 | 67.2% | 0.1% |
| Citizens Bank | $1,055,000 | n/a | 0.1% | |
| Discover Bank | $2,000,000 | $1,050,000 | -47.5% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $1,050,000 | n/a | 0.1% | |
| Nations Lending Corporation | $465,000 | $1,015,000 | 118.3% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $205,000 | $1,010,000 | 392.7% | 0.1% |
| BOKF | $1,005,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $215,000 | $1,005,000 | 367.4% | 0.1% |
| The Loan Store, Inc. | $1,005,000 | n/a | 0.1% | |
| Texana Bank | $985,000 | n/a | 0.1% | |
| FLAT BRANCH MORTGAGE, INC. | $955,000 | n/a | 0.1% | |
| Arvest Bank | $945,000 | n/a | 0.1% | |
| PNC Bank | $3,405,000 | $915,000 | -73.1% | 0.1% |
| VERITAS FUNDING, LLC | $185,000 | $890,000 | 381.1% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $850,000 | n/a | 0.1% | |
| First Western Trust Bank | $670,000 | $820,000 | 22.4% | 0.1% |
| ENVOY MORTGAGE, LTD | $335,000 | $805,000 | 140.3% | 0.1% |
| Cornerstone First Mortgage, Inc | $785,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $840,000 | $770,000 | -8.3% | 0.1% |
| Figure Lending LLC | $1,260,000 | $760,000 | -39.7% | 0.1% |
| AXIA FINANCIAL, LLC | $790,000 | $750,000 | -5.1% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $790,000 | $750,000 | -5.1% | 0.1% |
| Raymond James Bank | $715,000 | n/a | 0.1% | |
| First Federal Bank | $700,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $690,000 | n/a | 0.1% | |
| TJC Mortgage, Inc. | $685,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $150,000 | $640,000 | 326.7% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $620,000 | n/a | 0.1% | |
| V.I.P. MORTGAGE, INC. | $1,345,000 | $610,000 | -54.6% | 0.1% |
| CAPITAL EDUCATORS FEDERAL CREDIT UNION | $605,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $585,000 | n/a | 0.1% | |
| Western State Bank | $555,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $365,000 | $545,000 | 49.3% | 0.0% |
| BEEHIVE | $425,000 | $525,000 | 23.5% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $365,000 | $525,000 | 43.8% | 0.0% |
| Ixonia Bank | $325,000 | $505,000 | 55.4% | 0.0% |
| Libertyville Bank & Trust | $495,000 | n/a | 0.0% | |
| Armed Forces Bank | $475,000 | n/a | 0.0% | |
| BANKWEST, INC. | $535,000 | $475,000 | -11.2% | 0.0% |
| Northpointe Bank | $470,000 | n/a | 0.0% | |
| Hancock Whitney Bank | $435,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $235,000 | $430,000 | 83.0% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $425,000 | n/a | 0.0% | |
| PRIORITY HOME LENDING, LLC | $425,000 | n/a | 0.0% | |
| Renasant Bank | $425,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $95,000 | $405,000 | 326.3% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $115,000 | $405,000 | 252.2% | 0.0% |
| Morgan Stanley Private Bank | $2,455,000 | $400,000 | -83.7% | 0.0% |
| JUSTICE Federal Credit Union | $395,000 | n/a | 0.0% | |
| Northbrook Bank & Trust | $395,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $385,000 | n/a | 0.0% | |
| Ally Bank | $920,000 | $375,000 | -59.2% | 0.0% |
| First Western Bank & Trust | $375,000 | n/a | 0.0% | |
| Quontic Bank | $375,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $770,000 | $355,000 | -53.9% | 0.0% |
| BETTER MORTGAGE CORPORATION | $1,595,000 | $355,000 | -77.7% | 0.0% |
| TOWN AND COUNTRY Credit Union | $355,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $345,000 | n/a | 0.0% | |
| PREMIER MEMBERS CREDIT UNION | $345,000 | n/a | 0.0% | |
| F&A Federal Credit Union | $335,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $325,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $315,000 | n/a | 0.0% | |
| City National Bank | $285,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $865,000 | $285,000 | -67.1% | 0.0% |
| American Bank & Trust | $275,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $335,000 | $275,000 | -17.9% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $1,410,000 | $255,000 | -81.9% | 0.0% |
| CLEARWATER Federal Credit Union | $65,000 | $255,000 | 292.3% | 0.0% |
| M&T Bank | $155,000 | $255,000 | 64.5% | 0.0% |
| GoPrime Mortgage, Inc. | $1,175,000 | $245,000 | -79.1% | 0.0% |
| OCMBC, INC. | $535,000 | $245,000 | -54.2% | 0.0% |
| HOMESTEAD FUNDING CORP. | $235,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $225,000 | n/a | 0.0% | |
| Frontier Bank | $215,000 | n/a | 0.0% | |
| Logan Finance Corporation | $515,000 | $205,000 | -60.2% | 0.0% |
| Pinnacle Bank - Wyoming | $625,000 | $205,000 | -67.2% | 0.0% |
| First National Bank of America | $195,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $190,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $185,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $175,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $175,000 | n/a | 0.0% | |
| KINECTA | $75,000 | $155,000 | 106.7% | 0.0% |
| EVANSVILLE TEACHERS | $965,000 | $145,000 | -85.0% | 0.0% |
| AHL FUNDING | $135,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $1,095,000 | $120,000 | -89.0% | 0.0% |
| USAlliance Federal Credit Union | $115,000 | n/a | 0.0% | |
| KEYPOINT | $105,000 | n/a | 0.0% | |
| RUSSELL COUNTRY FCU | $105,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $65,000 | $80,000 | 23.1% | 0.0% |
| Centier Bank | $115,000 | $65,000 | -43.5% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $710,000 | $65,000 | -90.8% | 0.0% |
| American Airlines Federal Credit Union | $45,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $330,000 | $45,000 | -86.4% | 0.0% |
BILLINGS's top lender by overall market share is Stockman Bank of Montana, with 9.2% market share. In second place, with 8.6%, is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, having originated $95,405,000 in loans. In third place, with 5.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $60,470,000 in loans. In fourth place, with 5.1%, is Altana Federal Credit Union, having originated $56,465,000 in loans. In fifth place, with 4.6%, is VALLEY FINANCIAL CREDIT UNION, having originated $50,835,000 in loans.
BILLINGS, MT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,338 | $744,800,000 | $318,563 |
| Cash Out Refi | 538 | $121,810,000 | $226,413 |
| Refi | 497 | $155,315,000 | $312,505 |
| Home Improvement | 465 | $51,035,000 | $109,753 |
| Other | 384 | $37,990,000 | $98,932 |
| NA | 1 | $405,000 | $405,000 |
Billings's most frequently cited loan purpose was Home Purchase, with 2,338 originations. The 2nd most popular reason was Cash Out Refi, with 538 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,642 | $502,150,000 | $305,816 |
| Over 8% | 847 | $91,295,000 | $107,786 |
| 5-6% | 787 | $253,575,000 | $322,205 |
| 7-8% | 606 | $164,250,000 | $271,040 |
| 4-5% | 73 | $22,035,000 | $301,849 |
| <2.5% | 19 | $1,205,000 | $63,421 |
| 3-4% | 11 | $3,215,000 | $292,273 |
| 2.5-3% | 9 | $1,825,000 | $202,778 |
During 2024, Billings's most frequently originated rate bucket was 6-7%, with 1,642 originations.
Loan Sizing (BILLINGS, MT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,768 | $520,330,000 | $294,304 |
| $100,000 or less | 1,024 | $53,700,000 | $52,441 |
| $100k-200k | 699 | $101,325,000 | $144,957 |
| $400k-600k | 551 | $260,595,000 | $472,949 |
| $600k-1000k | 159 | $114,065,000 | $717,390 |
| $Over $1MM | 22 | $61,340,000 | $2,788,182 |
BILLINGS's loan sizing saw the bucket of loans from $200k-400k with 1,768 originations, totaling $520,330,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,398 | $506,800,000 | $362,518 |
| Under 20% | 851 | $48,525,000 | $57,021 |
| 60-80% | 744 | $277,450,000 | $372,917 |
| 20-40% | 523 | $75,965,000 | $145,249 |
| 40-60% | 364 | $88,320,000 | $242,637 |
| Over 100% | 53 | $22,625,000 | $426,887 |
BILLINGS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,398 originations, totaling $506,800,000 in origination value.