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
6.82%
for the week of 2023-12-07, compared to the national average of
7.03% for the same period.
The average rate for the prior week (2023-11-30) was
6.71% and
one month ago for the week of 2023-11-02, the
average rate was 7.25%.
Billings's average rate one year ago was 5.98%.
For refis of the same type during the week of 2023-12-07, the average rate
was 5.83%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-12-07 | 7.03% |
| Billings 30 Year Fixed Rate | 2023-12-07 | 6.82% |
| Billings 30 Year Fixed Rate Refi | 2023-12-07 | 5.83% |
| Billings 15 Year Fixed Rate | 2023-12-07 | 6.3% |
| Billings 15 Year Fixed Rate Refi | 2023-12-07 | 5.5% |
| Billings 30 Year FHA | 2023-12-07 | 6.34% |
| Billings 30 Year FHA Refi | 2023-12-07 | 6.82% |
| Billings 30 Year USDA | 2023-12-07 | 6.82% |
| Billings 30 Year USDA Refi | 2023-12-07 | 6.72% |
| Billings 30 Year VA | 2023-12-07 | 5.95% |
| Billings 30 Year VA Refi | 2023-12-07 | 6.34% |
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.).
BILLINGS Average Closing Costs & Other Stats
BILLINGS, MT's 153 lenders originated 5,511
loans during 2022. The total origination value was $1,569,795,000, with an average loan value of
$284,848.
BILLINGS's average closing costs are $5,869.
The top BILLINGS lender as defined by loan originations is Stockman Bank of Montana, with
279 loans originated. Their average total fees are
$6,444, which is $397
lower than the next largest lender,
Opportunity Bank of Montana.
The lowest fee BILLINGS lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($1,489), VALLEY FINANCIAL CREDIT UNION ($2,649), NAVY FEDERAL CREDIT UNION ($4,086), Bank of America ($4,343) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,853).
The lowest rate BILLINGS lenders (with over 10 loans originated) are
AMERICAN FINANCING CORPORATION (4.02%), LOANDEPOT.COM, LLC (4.07%), AMERISAVE MORTGAGE CORPORATION (4.07%), FREEDOM MORTGAGE CORPORATION (4.23%) and Glacier Bank (4.39%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Stockman Bank of Montana | $233,005,000 | $161,325,000 | -30.8% | 10.3% |
| Opportunity Bank of Montana | $178,925,000 | $154,660,000 | -13.6% | 9.9% |
| Glacier Bank | $136,305,000 | $98,210,000 | -27.9% | 6.3% |
| First Interstate Bank | $103,805,000 | $82,960,000 | -20.1% | 5.3% |
| QUICKEN LOANS, LLC | $150,540,000 | $68,420,000 | -54.6% | 4.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $90,545,000 | $55,520,000 | -38.7% | 3.5% |
| The Yellowstone Bank | $111,725,000 | $54,955,000 | -50.8% | 3.5% |
| CORNERSTONE HOME LENDING, INC. | $73,355,000 | $54,380,000 | -25.9% | 3.5% |
| U.S. Bank | $79,670,000 | $48,060,000 | -39.7% | 3.1% |
| UNIVERSAL LENDING CORPORATION | $75,290,000 | $40,800,000 | -45.8% | 2.6% |
| Rocky Mountain Bank | $3,835,000 | $37,910,000 | 888.5% | 2.4% |
| GUILD MORTGAGE COMPANY | $56,945,000 | $36,715,000 | -35.5% | 2.3% |
| Altana Federal Credit Union | $49,655,000 | $36,645,000 | -26.2% | 2.3% |
| GUARANTEED RATE, INC. | $9,630,000 | $27,340,000 | 183.9% | 1.7% |
| Wells Fargo Bank | $61,250,000 | $25,960,000 | -57.6% | 1.7% |
| Servion, Inc. | $43,590,000 | $25,300,000 | -42.0% | 1.6% |
| BILLINGS | $47,340,000 | $23,845,000 | -49.6% | 1.5% |
| Flagstar Bank, FSB | $46,170,000 | $22,100,000 | -52.1% | 1.4% |
| Bank of Utah | $355,000 | $20,405,000 | 5,647.9% | 1.3% |
| Mortgage Research Center, LLC | $28,175,000 | $19,975,000 | -29.1% | 1.3% |
| LOANDEPOT.COM, LLC | $35,235,000 | $19,615,000 | -44.3% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $82,115,000 | $19,235,000 | -76.6% | 1.2% |
| American Bank Center | $12,480,000 | $18,500,000 | 48.2% | 1.2% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,160,000 | $18,225,000 | 743.8% | 1.2% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $17,130,000 | $18,175,000 | 6.1% | 1.2% |
| JPMorgan Chase Bank | $12,150,000 | $15,210,000 | 25.2% | 1.0% |
| VALLEY FINANCIAL CREDIT UNION | $13,470,000 | $14,480,000 | 7.5% | 0.9% |
| GREYSTONE SERVICING COMPANY LLC | $13,560,000 | n/a | 0.9% | |
| AMERISAVE MORTGAGE CORPORATION | $27,765,000 | $12,140,000 | -56.3% | 0.8% |
| MOUNTAIN AMERICA | $7,740,000 | $10,490,000 | 35.5% | 0.7% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,970,000 | $10,010,000 | 408.1% | 0.6% |
| Bank of Bridger | $7,675,000 | $9,535,000 | 24.2% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $32,360,000 | $9,430,000 | -70.9% | 0.6% |
| Bank of America | $9,405,000 | $8,855,000 | -5.8% | 0.6% |
| MANN FINANCIAL INC. | $23,610,000 | $8,705,000 | -63.1% | 0.6% |
| BROKER SOLUTIONS, INC. | $5,355,000 | $7,560,000 | 41.2% | 0.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $4,325,000 | $7,515,000 | 73.8% | 0.5% |
| NAVY FEDERAL CREDIT UNION | $9,870,000 | $7,400,000 | -25.0% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $16,910,000 | $6,970,000 | -58.8% | 0.4% |
| CMG MORTGAGE, INC. | $12,840,000 | $6,880,000 | -46.4% | 0.4% |
| USAA Federal Savings Bank | $10,450,000 | $6,445,000 | -38.3% | 0.4% |
| AMERICAN FINANCING CORPORATION | $6,740,000 | $5,885,000 | -12.7% | 0.4% |
| HOME POINT FINANCIAL CORPORATION | $3,585,000 | $5,375,000 | 49.9% | 0.3% |
| The Huntington National Bank | $4,655,000 | $5,230,000 | 12.4% | 0.3% |
| NEWREZ LLC | $11,965,000 | $4,970,000 | -58.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $6,230,000 | $4,960,000 | -20.4% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $15,735,000 | $4,750,000 | -69.8% | 0.3% |
| CALIBER HOME LOANS, INC. | $8,505,000 | $4,125,000 | -51.5% | 0.3% |
| CHERRY CREEK MORTGAGE, LLC | $7,040,000 | $4,020,000 | -42.9% | 0.3% |
| Carrington Mortgage Services, LLC | $5,785,000 | $3,715,000 | -35.8% | 0.2% |
| The Federal Savings Bank | $5,650,000 | $3,560,000 | -37.0% | 0.2% |
| Hometown Lenders, Inc. | $1,285,000 | $3,555,000 | 176.7% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,545,000 | $3,530,000 | 38.7% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $8,740,000 | $3,470,000 | -60.3% | 0.2% |
| Truist | $4,740,000 | $3,040,000 | -35.9% | 0.2% |
| BETTER MORTGAGE CORPORATION | $14,020,000 | $2,980,000 | -78.7% | 0.2% |
| PNC Bank | $3,175,000 | $2,885,000 | -9.1% | 0.2% |
| Plains Commerce Bank | $2,010,000 | $2,715,000 | 35.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $8,375,000 | $2,640,000 | -68.5% | 0.2% |
| Unify Home Lending Inc. | $2,825,000 | $2,595,000 | -8.1% | 0.2% |
| KeyBank | $2,580,000 | n/a | 0.2% | |
| PREMIA MORTGAGE, LLC | $4,185,000 | $2,305,000 | -44.9% | 0.1% |
| BNY Mellon | $2,220,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,695,000 | $2,215,000 | 30.7% | 0.1% |
| Sunflower Bank | $605,000 | $2,150,000 | 255.4% | 0.1% |
| North American Savings Bank, F.S.B. | $2,725,000 | $2,110,000 | -22.6% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $810,000 | $2,105,000 | 159.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $1,195,000 | $2,000,000 | 67.4% | 0.1% |
| Morgan Stanley Private Bank | $605,000 | $1,955,000 | 223.1% | 0.1% |
| Nations Lending Corporation | $1,615,000 | $1,930,000 | 19.5% | 0.1% |
| Fidelity Bank | $1,840,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,780,000 | $1,810,000 | 1.7% | 0.1% |
| AMERICAN ADVISORS GROUP | $1,720,000 | $1,795,000 | 4.4% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $910,000 | $1,785,000 | 96.2% | 0.1% |
| Discover Bank | $365,000 | $1,770,000 | 384.9% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $5,355,000 | $1,770,000 | -66.9% | 0.1% |
| Umpqua Bank | $1,145,000 | $1,605,000 | 40.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,110,000 | $1,600,000 | 44.1% | 0.1% |
| Ally Bank | $6,920,000 | $1,565,000 | -77.4% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $315,000 | $1,545,000 | 390.5% | 0.1% |
| NBKC BANK | $2,915,000 | $1,545,000 | -47.0% | 0.1% |
| The Central Trust Bank | $545,000 | $1,515,000 | 178.0% | 0.1% |
| Stifel Bank and Trust | $2,080,000 | $1,495,000 | -28.1% | 0.1% |
| Citizens Bank | $2,390,000 | $1,405,000 | -41.2% | 0.1% |
| Magnolia Bank | $400,000 | $1,365,000 | 241.3% | 0.1% |
| BAY EQUITY LLC | $1,120,000 | $1,300,000 | 16.1% | 0.1% |
| Willamette Valley Bank | $460,000 | $1,270,000 | 176.1% | 0.1% |
| EVANSVILLE TEACHERS | $1,185,000 | n/a | 0.1% | |
| Northwest Farm Credit Services, FLCA | $2,120,000 | $1,155,000 | -45.5% | 0.1% |
| Equity Prime Mortgage LLC | $1,055,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $540,000 | $1,055,000 | 95.4% | 0.1% |
| First Bank & Trust | $415,000 | $1,050,000 | 153.0% | 0.1% |
| PLANET HOME LENDING, LLC | $2,985,000 | $1,050,000 | -64.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $4,165,000 | $985,000 | -76.4% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $4,985,000 | $970,000 | -80.5% | 0.1% |
| HOMESTAR FINANCIAL CORPORATION | $915,000 | $965,000 | 5.5% | 0.1% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,005,000 | $940,000 | -68.7% | 0.1% |
| Prosperity Home Mortgage, LLC | $905,000 | n/a | 0.1% | |
| First Guaranty Mortgage Corporation | $2,700,000 | $890,000 | -67.0% | 0.1% |
| SPRING EQ, LLC | $55,000 | $880,000 | 1,500.0% | 0.1% |
| Armed Forces Bank | $870,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $400,000 | $870,000 | 117.5% | 0.1% |
| Citibank | $445,000 | $865,000 | 94.4% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $490,000 | $865,000 | 76.5% | 0.1% |
| M&T Bank | $560,000 | $865,000 | 54.5% | 0.1% |
| GoPrime Mortgage, Inc. | $2,265,000 | $825,000 | -63.6% | 0.1% |
| KELLER MORTGAGE, LLC | $2,735,000 | $815,000 | -70.2% | 0.1% |
| City National Bank | $810,000 | n/a | 0.1% | |
| BANKWEST, INC. | $870,000 | $790,000 | -9.2% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $215,000 | $775,000 | 260.5% | 0.0% |
| BMO Harris Bank | $775,000 | n/a | 0.0% | |
| Operating Engineers Local Union #3 | $445,000 | $755,000 | 69.7% | 0.0% |
| Simmons Bank | $735,000 | n/a | 0.0% | |
| Figure Lending LLC | $495,000 | $730,000 | 47.5% | 0.0% |
| Starion Bank | $205,000 | $730,000 | 256.1% | 0.0% |
| IDAHO CENTRAL | $75,000 | $710,000 | 846.7% | 0.0% |
| S1L, Inc. | $700,000 | n/a | 0.0% | |
| FirstBank | $1,970,000 | $690,000 | -65.0% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $685,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $2,320,000 | $680,000 | -70.7% | 0.0% |
| EVERETT FINANCIAL, INC. | $660,000 | n/a | 0.0% | |
| LENDINGONE, LLC | $1,085,000 | $655,000 | -39.6% | 0.0% |
| SOFI LENDING CORP. | $1,130,000 | $655,000 | -42.0% | 0.0% |
| Jonah Bank of Wyoming | $650,000 | n/a | 0.0% | |
| STEARNS LENDING, LLC | $11,405,000 | $645,000 | -94.3% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $5,440,000 | $635,000 | -88.3% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $690,000 | $630,000 | -8.7% | 0.0% |
| GENEVA FINANCIAL, LLC | $610,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $245,000 | $585,000 | 138.8% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $185,000 | $580,000 | 213.5% | 0.0% |
| CLEARPATH LENDING | $4,290,000 | $570,000 | -86.7% | 0.0% |
| OPEN MORTGAGE, LLC | $3,365,000 | $570,000 | -83.1% | 0.0% |
| First Western Trust Bank | $1,560,000 | $565,000 | -63.8% | 0.0% |
| UNION HOME MORTGAGE CORP. | $555,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $135,000 | $520,000 | 285.2% | 0.0% |
| First Republic Bank | $1,175,000 | $495,000 | -57.9% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $4,055,000 | $495,000 | -87.8% | 0.0% |
| VERITAS FUNDING, LLC | $490,000 | n/a | 0.0% | |
| REVERSE MORTGAGE FUNDING LLC | $155,000 | $485,000 | 212.9% | 0.0% |
| First Home Bank | $1,960,000 | $480,000 | -75.5% | 0.0% |
| BNC National Bank | $265,000 | $475,000 | 79.2% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $475,000 | n/a | 0.0% | |
| RESIDENTIAL BANCORP. | $1,835,000 | $470,000 | -74.4% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $465,000 | n/a | 0.0% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $3,675,000 | $460,000 | -87.5% | 0.0% |
| BancorpSouth Bank | $455,000 | n/a | 0.0% | |
| CASTLE & COOKE MORTGAGE, LLC | $425,000 | n/a | 0.0% | |
| Flanagan State Bank | $185,000 | $405,000 | 118.9% | 0.0% |
| Northpointe Bank | $405,000 | n/a | 0.0% | |
| Zions Bancorporation, N.A. | $355,000 | $405,000 | 14.1% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,365,000 | $395,000 | -71.1% | 0.0% |
| KINECTA | $395,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $390,000 | n/a | 0.0% | |
| Paramount Residential Mortgage Group, Inc. | $695,000 | $385,000 | -44.6% | 0.0% |
| Pinnacle Bank - Wyoming | $885,000 | $385,000 | -56.5% | 0.0% |
| SECURITYNATIONAL MORTGAGE COMPANY | $385,000 | n/a | 0.0% | |
| The Fidelity Deposit and Discount Bank | $385,000 | n/a | 0.0% | |
| LENDSURE MORTGAGE CORP. | $380,000 | n/a | 0.0% | |
| VELOCITY COMMERCIAL CAPITAL, LLC | $380,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $375,000 | n/a | 0.0% | |
| First International Bank & Trust | $780,000 | $365,000 | -53.2% | 0.0% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $530,000 | $365,000 | -31.1% | 0.0% |
| TEXAS TECH | $365,000 | n/a | 0.0% | |
| Bremer Bank | $225,000 | $355,000 | 57.8% | 0.0% |
| Cornerstone First Mortgage, Inc | $355,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $335,000 | $355,000 | 6.0% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $215,000 | $355,000 | 65.1% | 0.0% |
| United Community Bank | $355,000 | n/a | 0.0% | |
| Mutual Federal Bank | $345,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $4,535,000 | $345,000 | -92.4% | 0.0% |
| BankPlus | $335,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $335,000 | n/a | 0.0% | |
| Black Hills Community Bank | $335,000 | $325,000 | -3.0% | 0.0% |
| Commerce Home Mortgage, Inc. | $325,000 | n/a | 0.0% | |
| Secured Investment Corp. | $320,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $485,000 | $315,000 | -35.1% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,405,000 | $315,000 | -77.6% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $315,000 | n/a | 0.0% | |
| Century Mortgage Company DBA Century Lending Company | $235,000 | $305,000 | 29.8% | 0.0% |
| First State Bank and Trust | $305,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $385,000 | $295,000 | -23.4% | 0.0% |
| Paramount Bank | $255,000 | $295,000 | 15.7% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $345,000 | $295,000 | -14.5% | 0.0% |
| SIRVA MORTGAGE, INC. | $295,000 | n/a | 0.0% | |
| HORIZON | $195,000 | $290,000 | 48.7% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $285,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $295,000 | $285,000 | -3.4% | 0.0% |
| Citizens Community Federal | $285,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $285,000 | n/a | 0.0% | |
| CLEARWATER Federal Credit Union | $735,000 | $285,000 | -61.2% | 0.0% |
| Mid-Continent Funding, Inc. | $135,000 | $285,000 | 111.1% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,535,000 | $285,000 | -91.9% | 0.0% |
| DELMAR FINANCIAL COMPANY | $275,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $275,000 | n/a | 0.0% | |
| Bank of England | $740,000 | $265,000 | -64.2% | 0.0% |
| LOS ANGELES POLICE Federal Credit Union | $255,000 | n/a | 0.0% | |
| b1BANK | $245,000 | n/a | 0.0% | |
| Citizens Alliance Bank | $245,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $235,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,090,000 | $225,000 | -79.4% | 0.0% |
| Colonial Savings, F.A. | $1,055,000 | $185,000 | -82.5% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $185,000 | n/a | 0.0% | |
| Amerifirst Financial, Inc. | $175,000 | n/a | 0.0% | |
| FAY SERVICING, LLC | $175,000 | n/a | 0.0% | |
| First Savings Bank | $1,370,000 | $175,000 | -87.2% | 0.0% |
| Hometown Equity Mortgage, LLC | $170,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $370,000 | $155,000 | -58.1% | 0.0% |
| Texana Bank | $175,000 | $155,000 | -11.4% | 0.0% |
| Truity Federal Credit Union | $1,045,000 | $155,000 | -85.2% | 0.0% |
| WINGS FINANCIAL | $85,000 | $155,000 | 82.4% | 0.0% |
| Fifth Third Bank | $135,000 | n/a | 0.0% | |
| Peak Financial | $135,000 | n/a | 0.0% | |
| Bank of Idaho | $385,000 | $125,000 | -67.5% | 0.0% |
| First National Bank of America | $510,000 | $115,000 | -77.5% | 0.0% |
| Gateway First Bank | $355,000 | $115,000 | -67.6% | 0.0% |
| AFFINITY | $105,000 | n/a | 0.0% | |
| Columbia State Bank | $105,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $15,000 | $95,000 | 533.3% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $605,000 | $90,000 | -85.1% | 0.0% |
| First United Bank and Trust Company | $65,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| Service Federal Credit Union | $35,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $15,000 | n/a | 0.0% |
BILLINGS's top lender by overall market share is Stockman Bank of Montana, with 10.3% market share. In second place, with 9.9%, is Opportunity Bank of Montana, having originated $154,660,000 in loans. In third place, with 6.3%, is Glacier Bank, having originated $98,210,000 in loans. In fourth place, with 5.3%, is First Interstate Bank, having originated $82,960,000 in loans. In fifth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $68,420,000 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%) | 1.08 | 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 (0.9%) | 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%) | $514,608 (22.6%) | 1.00 | 451 |
| 2020-09-01 | $354,900 (17.9%) | $527,005 (31.0%) | 1.02 | 437 |
| 2020-10-01 | $365,000 (22.8%) | $577,156 (49.4%) | 1.05 | 380 |
| 2020-11-01 | $374,900 (27.1%) | $603,945 (56.4%) | 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 (26.6%) | 1.16 | 289 |
| 2021-09-01 | $423,225 (19.3%) | $677,128 (28.5%) | 1.13 | 307 |
| 2021-10-01 | $449,900 (23.3%) | $768,976 (33.2%) | 1.20 | 276 |
| 2021-11-01 | $474,975 (26.7%) | $841,354 (39.3%) | 1.27 | 224 |
| 2021-12-01 | $499,750 (34.0%) | $926,917 (51.8%) | 1.36 | 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 | $511,950 (-3.4%) | $687,205 (-28.4%) | 1.24 | 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%) | $742,467 (-0.2%) | 1.24 | 396 |
| 2023-06-01 | $534,450 (4.3%) | $737,433 (1.4%) | 1.20 | 472 |
| 2023-07-01 | $515,000 (3.1%) | $714,975 (2.0%) | 1.17 | 500 |
| 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 |
BILLINGS's median listing price for 2023-11-01 was $494,500, a difference of
$14,000
(2.9%) versus the prior year and
$-3,250 versus the prior month.
BILLINGS's median listing price comes in at 118% of the national average.
BILLINGS's average listing price for 2023-11-01 was $633,646, a difference of $-5,061 (-0.8%) versus the prior year and $-4,679 versus the prior month.
For the 2023-11-01 period, BILLINGS had 549 MLS listings, a difference of -28 listings (-5%) versus the prior month and 86 listings (19%) versus the prior year.
BILLINGS's median listing price comes in at 118% of the national average.
BILLINGS's average listing price for 2023-11-01 was $633,646, a difference of $-5,061 (-0.8%) versus the prior year and $-4,679 versus the prior month.
For the 2023-11-01 period, BILLINGS had 549 MLS listings, a difference of -28 listings (-5%) versus the prior month and 86 listings (19%) 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 | 2,413 sqft |
| 2018-02-01 | 84 days | 2,405 sqft |
| 2018-03-01 | 61 days | 2,440 sqft |
| 2018-04-01 | 53 days | 2,458 sqft |
| 2018-05-01 | 50 days | 2,468 sqft |
| 2018-06-01 | 51 days | 2,448 sqft |
| 2018-07-01 | 56 days | 2,454 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 | 2,379 sqft |
| 2018-12-01 | 92 days | 2,376 sqft |
| 2019-01-01 | 97 days | 2,359 sqft |
| 2019-02-01 | 88 days | 2,271 sqft |
| 2019-03-01 | 76 days | 2,310 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 | 2,356 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 | 2,390 sqft |
| 2022-09-01 | 43 days | 2,339 sqft |
| 2022-10-01 | 44 days | 2,404 sqft |
| 2022-11-01 | 44 days | 2,298 sqft |
| 2022-12-01 | 58 days | 2,280 sqft |
| 2023-01-01 | 66 days | 2,260 sqft |
| 2023-02-01 | 64 days | 2,309 sqft |
| 2023-03-01 | 50 days | 2,454 sqft |
| 2023-04-01 | 36 days | 2,474 sqft |
| 2023-05-01 | 33 days | 2,545 sqft |
| 2023-06-01 | 31 days | 2,482 sqft |
| 2023-07-01 | 39 days | 2,483 sqft |
| 2023-08-01 | 40 days | 2,450 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 |
BILLINGS's median listing age (time on market) for 2023-11-01 was 58 days.
This
is 31%
longer
than the same period one year ago.
BILLINGS's median square footage for active listings during the 2023-11-01 period was 2,390 sqft. One year prior, the average listing was 2,298 sqft.
BILLINGS's median square footage for active listings during the 2023-11-01 period was 2,390 sqft. One year prior, the average listing was 2,298 sqft.
BILLINGS, MT Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 59001 | Billings, MT | $600 | $680 | $890 | $1,270 | $1,510 |
| 59002 | Billings, MT | $730 | $830 | $1,090 | $1,500 | $1,780 |
| 59006 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59007 | Billings, MT | $610 | $680 | $900 | $1,230 | $1,450 |
| 59008 | Billings, MT | $600 | $680 | $890 | $1,220 | $1,430 |
| 59013 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59014 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59015 | Billings, MT | $600 | $680 | $890 | $1,240 | $1,460 |
| 59019 | Billings, MT | $580 | $660 | $870 | $1,240 | $1,470 |
| 59024 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59026 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59029 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59037 | Billings, MT | $930 | $1,060 | $1,390 | $1,900 | $2,230 |
| 59041 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59044 | Billings, MT | $620 | $700 | $920 | $1,260 | $1,480 |
| 59057 | Billings, MT | $620 | $700 | $920 | $1,290 | $1,520 |
| 59063 | Billings, MT | $570 | $660 | $870 | $1,200 | $1,430 |
| 59064 | Billings, MT | $690 | $780 | $1,030 | $1,410 | $1,660 |
| 59068 | Billings, MT | $640 | $720 | $950 | $1,300 | $1,530 |
| 59070 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59071 | Billings, MT | $630 | $710 | $940 | $1,290 | $1,530 |
| 59079 | Billings, MT | $570 | $660 | $870 | $1,190 | $1,420 |
| 59088 | Billings, MT | $730 | $830 | $1,090 | $1,490 | $1,750 |
| 59101 | Billings, MT | $610 | $690 | $910 | $1,250 | $1,460 |
| 59102 | Billings, MT | $690 | $780 | $1,030 | $1,410 | $1,660 |
| 59103 | Billings, MT | $650 | $730 | $960 | $1,310 | $1,540 |
| 59104 | Billings, MT | $650 | $730 | $960 | $1,310 | $1,540 |
| 59105 | Billings, MT | $680 | $770 | $1,010 | $1,380 | $1,620 |
| 59106 | Billings, MT | $770 | $870 | $1,150 | $1,570 | $1,850 |
| 59107 | Billings, MT | $650 | $730 | $960 | $1,310 | $1,540 |
| 59108 | Billings, MT | $650 | $730 | $960 | $1,310 | $1,540 |
2022 Average & Median Rent Data Statistics
BILLINGS, MT average 1BR rent: $721, median: $690
BILLINGS, MT average 2BR rent: $949, median: $910
BILLINGS, MT average 3BR rent: $1,303, median: $1,260
BILLINGS, MT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,898 | $1,024,610,000 | $353,558 |
| Cash Out Refi | 1,213 | $283,485,000 | $233,706 |
| Refi | 702 | $190,490,000 | $271,353 |
| Home Improvement | 369 | $33,025,000 | $89,499 |
| Other | 329 | $38,185,000 | $116,064 |
Billings's most frequently cited loan purpose was Home Purchase, with 2,898 originations. The 2nd most popular reason was Cash Out Refi, with 1,213 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 1,412 | $442,000,000 | $313,031 |
| 5-6% | 1,365 | $381,245,000 | $279,300 |
| 3-4% | 1,328 | $386,410,000 | $290,971 |
| 6-7% | 636 | $157,420,000 | $247,516 |
| 2.5-3% | 322 | $85,840,000 | $266,584 |
| 7-8% | 203 | $35,655,000 | $175,640 |
| Over 8% | 109 | $9,495,000 | $87,110 |
| <2.5% | 99 | $60,685,000 | $612,980 |
During 2022, Billings's most frequently originated rate bucket was 4-5%, with 1,412 originations.
Loan Sizing (BILLINGS, MT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 2,613 | $751,775,000 | $287,706 |
| $100k-200k | 1,149 | $171,855,000 | $149,569 |
| $100,000 or less | 893 | $48,345,000 | $54,138 |
| $400k-600k | 652 | $307,840,000 | $472,147 |
| $600k-1000k | 166 | $116,780,000 | $703,494 |
| $Over $1MM | 38 | $173,200,000 | $4,557,895 |
BILLINGS's loan sizing saw the bucket of loans from $200k-400k with 2,613 originations, totaling $751,775,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,720 | $585,880,000 | $340,628 |
| 60-80% | 1,635 | $594,785,000 | $363,783 |
| 40-60% | 745 | $222,355,000 | $298,463 |
| Under 20% | 704 | $41,340,000 | $58,722 |
| 20-40% | 582 | $82,250,000 | $141,323 |
| Over 100% | 71 | $28,425,000 | $400,352 |
BILLINGS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,720 originations, totaling $585,880,000 in origination value.