BILLINGS Mortgage Rates

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

30 Year Fixed Rate mortgages in Billings averaged 5.24% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.21% and one month ago for the week of 2022-04-07, the average rate was 4.76%.

Billings's average rate one year ago was 3.03%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.26%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Billings 30 Year Fixed Rate 2022-05-12 5.24%
Billings 30 Year Fixed Rate Refi 2022-05-12 5.26%
Billings 15 Year Fixed Rate 2022-05-12 5.27%
Billings 15 Year Fixed Rate Refi 2022-05-12 4.61%
Billings 30 Year FHA 2022-05-12 5.22%
Billings 30 Year FHA Refi 2022-05-12 5.25%
Billings 30 Year USDA 2022-05-12 5.09%
Billings 30 Year USDA Refi 2022-05-12 5.29%
Billings 30 Year VA 2022-05-12 5.15%
Billings 30 Year VA Refi 2022-05-12 4.92%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Stockman Bank of Montana 504 3.19% $4,744
Opportunity Bank of Montana 351 3.15% $5,636
QUICKEN LOANS, LLC 343 3.10% $5,476
Glacier Bank 272 3.04% $5,246
The Yellowstone Bank 252 2.99% $4,684
First Interstate Bank 210 3.30% $4,977
UNITED WHOLESALE MORTGAGE, LLC 201 2.97% $5,810
UNIVERSAL LENDING CORPORATION 169 3.23% $4,688
CORNERSTONE HOME LENDING, INC. 155 3.14% $6,080
Flagstar Bank, FSB 145 3.07% $4,640
GUILD MORTGAGE COMPANY 143 3.07% $5,888
LENDUS, LLC 128 3.19% $4,374
Wells Fargo Bank 123 3.15% $3,650
Servion, Inc. 114 2.98% $6,188
U.S. Bank 112 3.10% $3,553
BILLINGS 102 3.02% $5,892
Altana Federal Credit Union 91 3.09% $5,302
LOANDEPOT.COM, LLC 72 3.00% $4,498
AMERISAVE MORTGAGE CORPORATION 69 2.84% $5,014
MANN FINANCIAL INC. 55 3.20% $5,394
PENNYMAC LOAN SERVICES, LLC 44 3.18% $4,844
Mr. Cooper ( Nationstar Mortgage ) 35 3.38% $5,456
STEARNS LENDING, LLC 31 2.99% $4,205
CMG MORTGAGE, INC. 29 3.09% $5,402
BETTER MORTGAGE CORPORATION 28 2.85% $3,862
American Bank Center 27 3.07% $5,245
JPMorgan Chase Bank 21 3.15% $4,377
GUARANTEED RATE, INC. 20 3.19% $3,947
CHERRY CREEK MORTGAGE, LLC 19 3.26% $897
FREEDOM MORTGAGE CORPORATION 18 3.29% $2,871
CRESCENT MORTGAGE COMPANY 17 3.22% $5,427
MUTUAL OF OMAHA MORTGAGE, INC. 17 2.98% $3,568
Bank of America 16 3.05% $3,022
NEWREZ LLC 16 3.11% $3,600
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 15 3.13% $5,551
BROKER SOLUTIONS, INC. 14 2.99% $4,379
Ally Bank 13 2.97% $8,498
AMERICAN FINANCING CORPORATION 13 3.18% $4,418
CITY FIRST MORTGAGE SERVICES, L.L.C. 12 3.10% $6,429
Truist Bank 11 3.17% $3,615
CHURCHILL MORTGAGE CORPORATION 11 3.32% $5,173
MOUNTAIN AMERICA 11 3.03% $5,879
NAVY FEDERAL CREDIT UNION 10 3.29% $4,060
Wyndham Capital Mortgage, Inc. 9 2.83% $1,678
CALIBER HOME LOANS, INC. 9 3.07% $3,805
LAKEVIEW LOAN SERVICING, LLC 8 3.44% $2,981
The Huntington National Bank 8 3.30% $4,751
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.25% $7,137
PREMIA MORTGAGE, LLC 8 2.75% $1,833
GoPrime Mortgage, Inc. 8 3.27% $5,636
PRIMELENDING, A PLAINSCAPITAL COMPANY 7 3.34% $5,257
NBKC BANK 7 3.02% $2,736
The Federal Savings Bank 7 3.23% $5,777
RESIDENTIAL BANCORP. 6 2.85% $2,740
KELLER MORTGAGE, LLC 6 2.96% $2,578
Citizens Bank 6 2.98% $4,512
CELEBRITY HOME LOANS, LLC 6 3.48% $4,417
Carrington Mortgage Services, LLC 6 3.50% $5,556
HOME POINT FINANCIAL CORPORATION 6 3.10% $4,406
Northwest Farm Credit Services, FLCA 6 3.64% $6,888
Nations Lending Corporation 5 3.10% $7,727
AMERICAN INTERNET MORTGAGE, INC. 5 2.65% $3,655
PNC Bank 5 3.03% $3,225
FINANCE OF AMERICA MORTGAGE LLC 5 2.95% $3,914
VALLEY FINANCIAL CREDIT UNION 5 3.28% $3,166
North American Savings Bank, F.S.B. 4 2.88% $4,956
Umpqua Bank 4 3.31% $4,092
MORTGAGE SOLUTIONS OF COLORADO, LLC 4 3.09% $7,441
HOMESTEAD FUNDING CORP. 4 2.75% $3,221
Hometown Lenders, Inc. 4 3.19% $3,527
OPEN MORTGAGE, LLC 4 2.94% $6,338
FirstBank 4 2.81% $3,698
First Home Bank 4 2.91% $5,258
Stifel Bank and Trust 4 2.81% $2,860
PREMIER MEMBERS CREDIT UNION 3 3.13% $4,871
SOVEREIGN LENDING GROUP INCORPORATED 3 2.96% $8,141
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.96% $5,177
TCF National Bank 3 3.13% $4,846
MORIA DEVELOPMENT, INC. 3 3.16% $3,378
PLANET HOME LENDING, LLC 3 3.33% $3,247
Plains Commerce Bank 3 3.13% $5,340
Colonial Savings, F.A. 3 3.04% $2,470
Lend Smart Mortgage, LLC 3 3.08% $5,323
ZILLOW HOME LOANS, LLC 3 3.00% $7,078
Paramount Residential Mortgage Group, Inc. 3 2.96% $6,151
SOFI LENDING CORP. 3 2.88% $4,252
Unify Home Lending Inc. 3 3.25% $6,974
ACADEMY MORTGAGE CORPORATION 2 3.69% $3,833
AMCAP MORTGAGE, LTD. 2 3.56% $5,541
Axos Bank 2 3.62% $2,089
Barrington Bank & Trust Company, N.A. 2 3.19% $4,375
BAY EQUITY LLC 2 2.81% $4,239
CROSSCOUNTRY MORTGAGE, LLC 2 2.88% $3,006
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 2 3.31% $8,824
First Guaranty Mortgage Corporation 2 3.50% $6,865
First National Bank of America 2 8.00% $7,906
First Western Trust Bank 2 3.13% $4,270
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.25% $8,220
HSBC BANK USA, NATIONAL ASSOCIATION 2 2.83% $5,508
Manufacturers and Traders Trust Company 2 2.94% $5,124
NBH Bank 2 2.94% $2,425
PACIFIC RESIDENTIAL MORTGAGE, LLC 2 3.37% $6,339
Sunflower Bank 2 3.12% $4,047
SUN WEST MORTGAGE COMPANY, INC. 2 3.19% $4,465
Truity Federal Credit Union 2 2.81% $3,772
UNITED MORTGAGE CORP. 2 3.44% $5,202
Ixonia Bank 1 2.88% $1,252
NexBank 1 2.63% $1,472
NFM, INC. 1 3.25% $4,504
InterContinental Capital Group, Inc 1 3.38% $4,071
IMPAC MORTGAGE CORP. 1 2.88% $0
OCMBC, INC. 1 2.88% $4,668
IDAHO CENTRAL 1 3.00% $3,448
Operating Engineers Local Union #3 1 2.00% $4,696
HORIZON 1 3.38% $4,640
Willamette Valley Bank 1 3.25% $3,153
Paramount Bank 1 3.25% $3,535
Great Western Bank 1 3.00% $2,856
Great Southern Bank 1 2.90% $3,839
PHH Mortgage Corporation 1 2.75% $7,100
Pinnacle Bank - Wyoming 1 2.88% $3,794
Gateway First Bank 1 3.50% $5,934
Gate City Bank 1 2.88% $7,798
First Republic Bank 1 2.55% $7,652
First International Bank & Trust 1 3.13% $13,429
First Bank & Trust 1 2.88% $6,060
PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.00% $8,101
FIDELITY BANK 1 3.75% $5,083
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 4.50% $3,020
RELIANCE FIRST CAPITAL, LLC 1 3.13% $7,808
Evolve Bank & Trust 1 4.13% $4,177
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 3.00% $3,147
ENVOY MORTGAGE, LTD 1 3.00% $4,743
Sierra Pacific Mortgage Company, Inc. 1 3.25% $4,395
SKYONE Federal Credit Union 1 2.88% $9,085
ENDEAVOR CAPITAL, LLC. 1 2.88% $2,883
Deere Employees Credit Union 1 2.25% $4,838
SPOKANE TEACHERS 1 3.00% $6,830
Starion Bank 1 2.88% $7,898
Community First National Bank 1 3.38% $4,245
Commerce Bank 1 3.13% $4,508
CLEARWATER Federal Credit Union 1 2.88% $3,179
American National Bank 1 2.75% $2,442
Wyoming Bank & Trust 1 2.99% $3,991
Chickasaw Community Bank 1 3.38% $4,261
The Central Trust Bank 1 3.13% $4,764
Bremer Bank 1 3.25% $5,216
BOKF 1 3.38% $3,435
BNC National Bank 1 2.75% $3,903
THRIVE MORTGAGE, LLC 1 3.25% $4,730
Toyota Financial Savings Bank 1 2.63% $5,395
BANKWEST, INC. 1 3.25% $5,856
Alerus Financial 1 3.00% $3,646
UMB Bank 1 3.00% $3,365
Bank of Utah 1 3.38% $3,243
Bank of Idaho 1 2.63% $3,536
Zions Bancorporation, N.A. 1 2.75% $3,536
Bank-Fund Staff Federal Credit Union 1 3.00% $4,275
AXIA FINANCIAL, LLC 1 3.63% $4,096
USAA Federal Savings Bank 1 3.13% $2,337
Austin Capital Bank SSB 1 2.99% $4,187
Arvest Bank 1 3.13% $2,236
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.63% $763
WESTERN EXPRESS LENDING 1 2.88% $6,571
Western State Bank 1 2.99% $3,703
Morgan Stanley Private Bank 1 2.40% $4,076
Mid-Continent Funding, Inc. 1 2.75% $7,260
Merchants Bank 1 3.03% $6,871
LAND HOME FINANCIAL SERVICES, INC. 1 3.38% $4,659
WESTERN VISTA 1 2.25% $5,260
Lake Area Bank 1 3.13% $3,885

BILLINGS, MT's 171 lenders originated 9,529 loans during 2021. The total origination value was $2,336,555,000, with an average loan value of $245,205.

The top BILLINGS lender as defined by loan originations is Stockman Bank of Montana, with 504 loans originated. Their average total fees are $4,744, which is $892 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 ($897), FREEDOM MORTGAGE CORPORATION ($2,871), Bank of America ($3,022), U.S. Bank ($3,553) and MUTUAL OF OMAHA MORTGAGE, INC. ($3,568).

The lowest rate BILLINGS lenders (with over 10 loans originated) are AMERISAVE MORTGAGE CORPORATION (2.84%), BETTER MORTGAGE CORPORATION (2.85%), Ally Bank (2.97%), UNITED WHOLESALE MORTGAGE, LLC (2.97%) and Servion, Inc. (2.98%).

BILLINGS, MT Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
Stockman Bank of Montana $318,690,000 $233,005,000 -26.9% 10.0%
Opportunity Bank of Montana $135,735,000 $178,925,000 31.8% 7.7%
QUICKEN LOANS, LLC $124,485,000 $150,540,000 20.9% 6.4%
Glacier Bank $138,935,000 $136,305,000 -1.9% 5.8%
The Yellowstone Bank $143,835,000 $111,725,000 -22.3% 4.8%
First Interstate Bank $182,860,000 $103,805,000 -43.2% 4.4%
UNITED WHOLESALE MORTGAGE, LLC $61,695,000 $90,545,000 46.8% 3.9%
FREEDOM MORTGAGE CORPORATION $107,380,000 $82,115,000 -23.5% 3.5%
U.S. Bank $78,220,000 $79,670,000 1.9% 3.4%
UNIVERSAL LENDING CORPORATION $74,355,000 $75,290,000 1.3% 3.2%
CORNERSTONE HOME LENDING, INC. $59,825,000 $73,355,000 22.6% 3.1%
Wells Fargo Bank $54,180,000 $61,250,000 13.0% 2.6%
GUILD MORTGAGE COMPANY $57,300,000 $56,945,000 -0.6% 2.4%
LENDUS, LLC $48,240,000 $50,280,000 4.2% 2.2%
Altana Federal Credit Union $53,620,000 $49,655,000 -7.4% 2.1%
Bell Bank $8,130,000 $49,235,000 505.6% 2.1%
BILLINGS $46,600,000 $47,340,000 1.6% 2.0%
Flagstar Bank, FSB $32,470,000 $46,170,000 42.2% 2.0%
Servion, Inc. $27,240,000 $43,590,000 60.0% 1.9%
LOANDEPOT.COM, LLC $23,015,000 $35,235,000 53.1% 1.5%
PENNYMAC LOAN SERVICES, LLC $14,435,000 $32,360,000 124.2% 1.4%
Mortgage Research Center, LLC $23,855,000 $28,175,000 18.1% 1.2%
AMERISAVE MORTGAGE CORPORATION $12,545,000 $27,765,000 121.3% 1.2%
MANN FINANCIAL INC. $28,270,000 $23,610,000 -16.5% 1.0%
JONES LANG LASALLE MULTIFAMILY, LLC $9,170,000 $17,130,000 86.8% 0.7%
Mr. Cooper ( Nationstar Mortgage ) $13,810,000 $16,910,000 22.4% 0.7%
LAKEVIEW LOAN SERVICING, LLC $9,180,000 $15,735,000 71.4% 0.7%
BETTER MORTGAGE CORPORATION $8,130,000 $14,020,000 72.4% 0.6%
VALLEY FINANCIAL CREDIT UNION $19,365,000 $13,470,000 -30.4% 0.6%
CMG MORTGAGE, INC. $15,380,000 $12,840,000 -16.5% 0.5%
American Bank Center $2,585,000 $12,480,000 382.8% 0.5%
JPMorgan Chase Bank $4,290,000 $12,150,000 183.2% 0.5%
NEWREZ LLC $7,615,000 $11,965,000 57.1% 0.5%
STEARNS LENDING, LLC $14,560,000 $11,405,000 -21.7% 0.5%
USAA Federal Savings Bank $15,370,000 $10,450,000 -32.0% 0.4%
NAVY FEDERAL CREDIT UNION $6,795,000 $9,870,000 45.3% 0.4%
GUARANTEED RATE, INC. $3,500,000 $9,630,000 175.1% 0.4%
Bank of America $6,000,000 $9,405,000 56.8% 0.4%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $3,625,000 $8,740,000 141.1% 0.4%
CALIBER HOME LOANS, INC. $5,360,000 $8,505,000 58.7% 0.4%
NEW DAY FINANCIAL, LLC $5,315,000 $8,375,000 57.6% 0.4%
MOUNTAIN AMERICA $980,000 $7,740,000 689.8% 0.3%
Bank of Bridger $4,890,000 $7,675,000 57.0% 0.3%
CHERRY CREEK MORTGAGE, LLC $8,510,000 $7,040,000 -17.3% 0.3%
Ally Bank $950,000 $6,920,000 628.4% 0.3%
AMERICAN FINANCING CORPORATION $2,745,000 $6,740,000 145.5% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $4,640,000 $6,230,000 34.3% 0.3%
Carrington Mortgage Services, LLC $7,120,000 $5,785,000 -18.8% 0.2%
The Federal Savings Bank $6,590,000 $5,650,000 -14.3% 0.2%
CHURCHILL MORTGAGE CORPORATION $1,300,000 $5,440,000 318.5% 0.2%
BROKER SOLUTIONS, INC. $4,985,000 $5,355,000 7.4% 0.2%
MID AMERICA MORTGAGE, INC. $5,005,000 $5,355,000 7.0% 0.2%
CRESCENT MORTGAGE COMPANY $5,955,000 $4,985,000 -16.3% 0.2%
Truist Bank $2,305,000 $4,740,000 105.6% 0.2%
The Huntington National Bank $265,000 $4,655,000 1,656.6% 0.2%
Wyndham Capital Mortgage, Inc. $2,465,000 $4,535,000 84.0% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $7,270,000 $4,325,000 -40.5% 0.2%
CLEARPATH LENDING $5,475,000 $4,290,000 -21.6% 0.2%
PREMIA MORTGAGE, LLC $1,395,000 $4,185,000 200.0% 0.2%
Barrington Bank & Trust Company, N.A. $155,000 $4,165,000 2,587.1% 0.2%
VILLAGE CAPITAL & INVESTMENT LLC $3,825,000 $4,055,000 6.0% 0.2%
Rocky Mountain Bank $1,920,000 $3,835,000 99.7% 0.2%
CITY FIRST MORTGAGE SERVICES, L.L.C. $275,000 $3,675,000 1,236.4% 0.2%
HOME POINT FINANCIAL CORPORATION $10,135,000 $3,585,000 -64.6% 0.2%
SUN WEST MORTGAGE COMPANY, INC. $1,625,000 $3,535,000 117.5% 0.2%
OPEN MORTGAGE, LLC $2,640,000 $3,365,000 27.5% 0.1%
PNC Bank $3,400,000 $3,175,000 -6.6% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $3,495,000 $3,005,000 -14.0% 0.1%
PLANET HOME LENDING, LLC $3,135,000 $2,985,000 -4.8% 0.1%
TCF National Bank $980,000 $2,920,000 198.0% 0.1%
NBKC BANK $4,860,000 $2,915,000 -40.0% 0.1%
Unify Home Lending Inc. $785,000 $2,825,000 259.9% 0.1%
KELLER MORTGAGE, LLC $2,970,000 $2,735,000 -7.9% 0.1%
North American Savings Bank, F.S.B. $2,410,000 $2,725,000 13.1% 0.1%
First Guaranty Mortgage Corporation $1,995,000 $2,700,000 35.3% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $3,515,000 $2,545,000 -27.6% 0.1%
Citizens Bank $2,725,000 $2,390,000 -12.3% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $2,595,000 $2,320,000 -10.6% 0.1%
CELEBRITY HOME LOANS, LLC $2,315,000 n/a 0.1%
GoPrime Mortgage, Inc. $345,000 $2,265,000 556.5% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $1,510,000 $2,160,000 43.0% 0.1%
Northwest Farm Credit Services, FLCA $900,000 $2,120,000 135.6% 0.1%
Stifel Bank and Trust $1,375,000 $2,080,000 51.3% 0.1%
Plains Commerce Bank $515,000 $2,010,000 290.3% 0.1%
FirstBank $3,680,000 $1,970,000 -46.5% 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $5,185,000 $1,970,000 -62.0% 0.1%
First Home Bank $1,380,000 $1,960,000 42.0% 0.1%
RESIDENTIAL BANCORP. $1,835,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,945,000 $1,780,000 -8.5% 0.1%
ACCELERATE MORTGAGE, LLC $1,300,000 $1,735,000 33.5% 0.1%
AMERICAN ADVISORS GROUP $440,000 $1,720,000 290.9% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $950,000 $1,700,000 78.9% 0.1%
PENTAGON FEDERAL CREDIT UNION $2,885,000 $1,695,000 -41.2% 0.1%
Nations Lending Corporation $995,000 $1,615,000 62.3% 0.1%
First Western Trust Bank $1,560,000 n/a 0.1%
SOVEREIGN LENDING GROUP INCORPORATED $2,975,000 $1,405,000 -52.8% 0.1%
First Savings Bank $1,495,000 $1,370,000 -8.4% 0.1%
HOMESTEAD FUNDING CORP. $385,000 $1,365,000 254.5% 0.1%
Commerce Bank $1,325,000 n/a 0.1%
AMCAP MORTGAGE, LTD. $6,220,000 $1,320,000 -78.8% 0.1%
Hometown Lenders, Inc. $285,000 $1,285,000 350.9% 0.1%
Great Southern Bank $1,255,000 n/a 0.1%
HSBC BANK USA, NATIONAL ASSOCIATION $805,000 $1,200,000 49.1% 0.1%
ZILLOW HOME LOANS, LLC $1,195,000 n/a 0.1%
First Republic Bank $1,175,000 n/a 0.1%
Umpqua Bank $1,145,000 n/a 0.0%
SOFI LENDING CORP. $1,500,000 $1,130,000 -24.7% 0.0%
BAY EQUITY LLC $705,000 $1,120,000 58.9% 0.0%
NBH Bank $375,000 $1,115,000 197.3% 0.0%
21ST MORTGAGE CORPORATION $820,000 $1,110,000 35.4% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $545,000 $1,090,000 100.0% 0.0%
LENDINGONE, LLC $1,085,000 n/a 0.0%
Colonial Savings, F.A. $365,000 $1,055,000 189.0% 0.0%
Truity Federal Credit Union $925,000 $1,045,000 13.0% 0.0%
Low VA Rates, LLC $2,305,000 $1,010,000 -56.2% 0.0%
First Federal Bank $975,000 n/a 0.0%
PREMIER MEMBERS CREDIT UNION $935,000 n/a 0.0%
HOMESTAR FINANCIAL CORPORATION $915,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $420,000 $910,000 116.7% 0.0%
Pinnacle Bank - Wyoming $105,000 $885,000 742.9% 0.0%
BANKWEST, INC. $445,000 $870,000 95.5% 0.0%
KS StateBank $990,000 $855,000 -13.6% 0.0%
Alerus Financial $205,000 $840,000 309.8% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $2,260,000 $810,000 -64.2% 0.0%
Toyota Financial Savings Bank $805,000 n/a 0.0%
First International Bank & Trust $780,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $760,000 n/a 0.0%
UNITED MORTGAGE CORP. $755,000 n/a 0.0%
CHEVRON $745,000 n/a 0.0%
Bank of England $1,495,000 $740,000 -50.5% 0.0%
CLEARWATER Federal Credit Union $625,000 $735,000 17.6% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $475,000 $695,000 46.3% 0.0%
Axos Bank $650,000 $695,000 6.9% 0.0%
Paramount Residential Mortgage Group, Inc. $1,405,000 $695,000 -50.5% 0.0%
RELIANCE FIRST CAPITAL, LLC $475,000 $690,000 45.3% 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $670,000 n/a 0.0%
Ixonia Bank $640,000 n/a 0.0%
EVERGREEN MONEYSOURCE MORTGAGE COMPANY $630,000 n/a 0.0%
Lend Smart Mortgage, LLC $1,470,000 $625,000 -57.5% 0.0%
Gate City Bank $205,000 $620,000 202.4% 0.0%
Morgan Stanley Private Bank $605,000 $605,000 0.0% 0.0%
Sunflower Bank $605,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $145,000 $605,000 317.2% 0.0%
Manufacturers and Traders Trust Company $165,000 $560,000 239.4% 0.0%
Lake Area Bank $545,000 n/a 0.0%
The Central Trust Bank $545,000 n/a 0.0%
PHH Mortgage Corporation $265,000 $540,000 103.8% 0.0%
Austin Capital Bank SSB $535,000 n/a 0.0%
PACIFIC RESIDENTIAL MORTGAGE, LLC $470,000 $530,000 12.8% 0.0%
MORIA DEVELOPMENT, INC. $525,000 n/a 0.0%
First National Bank of America $510,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $555,000 $505,000 -9.0% 0.0%
Figure Lending LLC $190,000 $495,000 160.5% 0.0%
FINANCE OF AMERICA REVERSE LLC $370,000 $490,000 32.4% 0.0%
MOVEMENT MORTGAGE, LLC $485,000 n/a 0.0%
Cf Bank $925,000 $465,000 -49.7% 0.0%
Willamette Valley Bank $145,000 $460,000 217.2% 0.0%
CAPITAL CREDIT UNION $455,000 n/a 0.0%
Citibank $445,000 n/a 0.0%
Operating Engineers Local Union #3 $335,000 $445,000 32.8% 0.0%
First Bank & Trust $940,000 $415,000 -55.9% 0.0%
Magnolia Bank $1,305,000 $400,000 -69.3% 0.0%
PLAZA HOME MORTGAGE, INC. $895,000 $400,000 -55.3% 0.0%
NexBank $395,000 n/a 0.0%
Bank of Idaho $265,000 $385,000 45.3% 0.0%
Deere Employees Credit Union $225,000 $385,000 71.1% 0.0%
Goldwater Bank, N.A. $470,000 $385,000 -18.1% 0.0%
SPOKANE TEACHERS $385,000 n/a 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $370,000 n/a 0.0%
Discover Bank $370,000 $365,000 -1.4% 0.0%
Old National Bank $365,000 n/a 0.0%
SUMMIT FUNDING, INC. $365,000 n/a 0.0%
Bank of Utah $355,000 n/a 0.0%
Gateway First Bank $355,000 n/a 0.0%
MEGASTAR FINANCIAL CORP. $355,000 n/a 0.0%
Zions Bancorporation, N.A. $355,000 n/a 0.0%
Platinum Home Mortgage Corporation $345,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $345,000 n/a 0.0%
Black Hills Community Bank $1,375,000 $335,000 -75.6% 0.0%
Merchants Bank $335,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $175,000 $335,000 91.4% 0.0%
TrailWest Bank $325,000 n/a 0.0%
WESTERN EXPRESS LENDING $325,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $315,000 n/a 0.0%
Johnson Bank $315,000 n/a 0.0%
Chickasaw Community Bank $215,000 $305,000 41.9% 0.0%
Western State Bank $305,000 n/a 0.0%
CANOPY MORTGAGE, LLC $295,000 n/a 0.0%
ENVOY MORTGAGE, LTD $295,000 n/a 0.0%
Capital Bank $285,000 n/a 0.0%
Union State Bank of Fargo $285,000 n/a 0.0%
WESTERN VISTA $285,000 n/a 0.0%
Congressional Bank $275,000 n/a 0.0%
IMPAC MORTGAGE CORP. $345,000 $275,000 -20.3% 0.0%
SKYONE Federal Credit Union $275,000 n/a 0.0%
THRIVE MORTGAGE, LLC $275,000 n/a 0.0%
American National Bank $265,000 n/a 0.0%
BNC National Bank $1,370,000 $265,000 -80.7% 0.0%
FIDELITY BANK $255,000 n/a 0.0%
Paramount Bank $835,000 $255,000 -69.5% 0.0%
FIRST COLONY MORTGAGE CORPORATION $245,000 n/a 0.0%
THRIVENT Federal Credit Union $185,000 $245,000 32.4% 0.0%
Century Mortgage Company DBA Century Lending Company $235,000 n/a 0.0%
OCMBC, INC. $410,000 $235,000 -42.7% 0.0%
Thumb Bank and Trust $235,000 n/a 0.0%
Bremer Bank $225,000 n/a 0.0%
Community First National Bank $225,000 n/a 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $215,000 n/a 0.0%
SOUTHWEST STAGE FUNDING, LLC $175,000 $215,000 22.9% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $1,010,000 $205,000 -79.7% 0.0%
Great Western Bank $205,000 n/a 0.0%
Starion Bank $205,000 n/a 0.0%
Florida Capital Bank $225,000 $195,000 -13.3% 0.0%
HORIZON $195,000 n/a 0.0%
NFM, INC. $195,000 n/a 0.0%
Flanagan State Bank $185,000 n/a 0.0%
RESIDENTIAL WHOLESALE MORTGAGE, INC. $185,000 n/a 0.0%
Arvest Bank $740,000 $175,000 -76.4% 0.0%
BOKF $175,000 n/a 0.0%
Texana Bank $175,000 n/a 0.0%
UMB Bank $175,000 n/a 0.0%
Wheatland Bank $165,000 n/a 0.0%
InterContinental Capital Group, Inc $380,000 $155,000 -59.2% 0.0%
Meridian Trust Federal Credit Union $245,000 $155,000 -36.7% 0.0%
REVERSE MORTGAGE FUNDING LLC $185,000 $155,000 -16.2% 0.0%
Wyoming Bank & Trust $155,000 n/a 0.0%
HOMESIDE FINANCIAL, LLC $135,000 n/a 0.0%
Mid-Continent Funding, Inc. $505,000 $135,000 -73.3% 0.0%
AXIA FINANCIAL, LLC $125,000 n/a 0.0%
Evolve Bank & Trust $580,000 $125,000 -78.4% 0.0%
QUORUM FEDERAL CREDIT UNION $115,000 n/a 0.0%
Bank-Fund Staff Federal Credit Union $105,000 n/a 0.0%
Washington Trust Bank $105,000 n/a 0.0%
ENDEAVOR CAPITAL, LLC. $95,000 n/a 0.0%
WINGS FINANCIAL $205,000 $85,000 -58.5% 0.0%
IDAHO CENTRAL $75,000 n/a 0.0%
Connexus Credit Union $65,000 n/a 0.0%
SPRING EQ, LLC $165,000 $55,000 -66.7% 0.0%
Bethpage Federal Credit Union $15,000 n/a 0.0%

BILLINGS's top lender by overall market share is Stockman Bank of Montana, with 10.0% market share. In second place, with 7.7%, is Opportunity Bank of Montana, having originated $178,925,000 in loans. In third place, with 6.4%, is QUICKEN LOANS, LLC, having originated $150,540,000 in loans. In third place, with 5.8%, is Glacier Bank, having originated $136,305,000 in loans. In third place, with 4.8%, is The Yellowstone Bank, having originated $111,725,000 in loans.


BILLINGS, MT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,548 $1,046,020,000 $294,820
Refi 3,245 $730,745,000 $225,191
Cash Out Refi 2,204 $498,700,000 $226,270
Other 283 $37,095,000 $131,078
Home Improvement 249 $23,995,000 $96,365

Billings's most frequently cited loan purpose was Home Purchase, with 3,548 originations. The 2nd most popular reason was Refi, with 3,245 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 3,659 $932,675,000 $254,899
3-4% 3,223 $844,695,000 $262,083
<2.5% 1,759 $430,555,000 $244,773
4-5% 624 $103,160,000 $165,321
5-6% 117 $10,025,000 $85,684
6-7% 39 $2,125,000 $54,487
7-8% 39 $2,055,000 $52,692
Over 8% 28 $1,890,000 $67,500

During 2021, Billings's most frequently originated rate bucket was 2.5-3%, with 3,659 originations.

Loan Sizing (BILLINGS, MT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 4,786 $1,308,860,000 $273,477
$100k-200k 2,916 $453,100,000 $155,384
$100,000 or less 974 $53,030,000 $54,446
$400k-600k 736 $348,740,000 $473,832
$600k-1000k 87 $64,725,000 $743,966
$Over $1MM 30 $108,100,000 $3,603,333

BILLINGS's loan sizing saw the bucket of loans from $200k-400k with 4,786 originations, totaling $1,308,860,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 3,429 $948,085,000 $276,490
80-100% 2,856 $826,340,000 $289,335
40-60% 1,452 $295,100,000 $203,237
20-40% 688 $90,460,000 $131,483
Under 20% 538 $24,500,000 $45,539
Over 100% 102 $45,730,000 $448,333

BILLINGS's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 3,429 originations, totaling $948,085,000 in origination value.


Market Conditions (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 (0.2%) $399,558 (-7.8%) 1.07 794
2018-02-01 $292,400 (0.5%) $411,428 (-6.6%) 1.05 790
2018-03-01 $297,400 (2.6%) $423,606 (-0.8%) 1.03 823
2018-04-01 $299,450 (-0.2%) $420,173 (-3.2%) 1.00 865
2018-05-01 $299,450 (-1.6%) $431,709 (-0.2%) 1.00 971
2018-06-01 $299,900 (-2.1%) $440,138 (1.0%) 1.00 1,049
2018-07-01 $299,000 (-2.0%) $433,689 (-0.3%) 1.00 1,153
2018-08-01 $299,000 (-0.3%) $438,746 (1.2%) 1.00 1,155
2018-09-01 $297,000 (-1.0%) $425,965 (-1.5%) 0.99 1,164
2018-10-01 $295,750 (0.9%) $425,490 (-2.5%) 0.99 1,124
2018-11-01 $295,000 (1.7%) $424,097 (-2.7%) 0.99 1,036
2018-12-01 $294,999 (-0.7%) $432,150 (-3.7%) 1.01 974
2019-01-01 $294,950 (1.7%) $432,259 (8.2%) 1.02 874
2019-02-01 $283,950 (-2.9%) $422,790 (2.8%) 0.95 884
2019-03-01 $291,371 (-2.0%) $424,239 (0.2%) 0.95 817
2019-04-01 $304,500 (1.7%) $421,687 (0.4%) 0.96 791
2019-05-01 $318,000 (6.2%) $431,566 (0.0%) 0.98 796
2019-06-01 $310,000 (3.4%) $431,688 (-1.9%) 0.95 837
2019-07-01 $305,000 (2.0%) $437,691 (0.9%) 0.95 873
2019-08-01 $302,814 (1.3%) $457,294 (4.2%) 0.95 868
2019-09-01 $300,000 (1.0%) $442,689 (3.9%) 0.95 837
2019-10-01 $298,950 (1.1%) $393,524 (-7.5%) 0.95 819
2019-11-01 $295,000 (0.0%) $392,207 (-7.5%) 0.95 745
2019-12-01 $294,000 (-0.3%) $385,375 (-10.8%) 0.98 641
2020-01-01 $299,938 (1.7%) $392,689 (-9.2%) 1.00 561
2020-02-01 $299,900 (5.6%) $411,301 (-2.7%) 0.97 532
2020-03-01 $299,000 (2.6%) $479,194 (13.0%) 0.93 513
2020-04-01 $319,250 (4.8%) $478,669 (13.5%) 0.99 558
2020-05-01 $330,000 (3.8%) $497,067 (15.2%) 1.00 541
2020-06-01 $350,000 (12.9%) $529,551 (22.7%) 1.02 535
2020-07-01 $350,000 (14.8%) $543,225 (24.1%) 1.00 499
2020-08-01 $359,900 (18.9%) $546,022 (19.4%) 1.03 458
2020-09-01 $362,700 (20.9%) $563,075 (27.2%) 1.04 442
2020-10-01 $364,300 (21.9%) $605,328 (53.8%) 1.04 375
2020-11-01 $378,869 (28.4%) $634,289 (61.7%) 1.08 339
2020-12-01 $384,900 (30.9%) $660,312 (71.3%) 1.13 286
2021-01-01 $374,900 (25.0%) $699,272 (78.1%) 1.10 235
2021-02-01 $430,000 (43.4%) $716,357 (74.2%) 1.24 178
2021-03-01 $426,500 (42.6%) $698,264 (45.7%) 1.20 178
2021-04-01 $389,950 (22.2%) $678,216 (41.7%) 1.05 165
2021-05-01 $435,000 (31.8%) $670,844 (35.0%) 1.15 178
2021-06-01 $462,450 (32.1%) $703,487 (32.9%) 1.20 215
2021-07-01 $485,000 (38.6%) $686,198 (26.3%) 1.26 257
2021-08-01 $437,400 (21.5%) $634,157 (16.1%) 1.15 291
2021-09-01 $432,195 (19.2%) $659,302 (17.1%) 1.14 299
2021-10-01 $459,000 (26.0%) $711,888 (17.6%) 1.21 267
2021-11-01 $490,000 (29.3%) $805,184 (26.9%) 1.29 212
2021-12-01 $507,500 (31.9%) $821,150 (24.4%) 1.35 185
2022-01-01 $559,000 (49.1%) $831,704 (18.9%) 1.49 134
2022-02-01 $567,450 (32.0%) $849,313 (18.6%) 1.45 134
2022-03-01 $482,500 (13.1%) $799,372 (14.5%) 1.19 141
2022-04-01 $523,000 (34.1%) $765,417 (12.9%) 1.23 168
BILLINGS's median listing price for 2022-04-01 was $523,000, a difference of $133,050 (34.1%) versus the prior year and $40,500 versus the prior month.

BILLINGS's median listing price comes in at 123% of the national average.

BILLINGS's average listing price for 2022-04-01 was $765,417, a difference of $87,201 (12.9%) versus the prior year and $-33,955 versus the prior month.

For the 2022-04-01 period, BILLINGS had 168 MLS listings, a difference of 27 listings (19%) versus the prior month and 3 listings (2%) 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
2018-01-01 103 days 2,428 sqft
2018-02-01 98 days 2,442 sqft
2018-03-01 65 days 2,422 sqft
2018-04-01 59 days 2,457 sqft
2018-05-01 56 days 2,484 sqft
2018-06-01 54 days 2,452 sqft
2018-07-01 61 days 2,426 sqft
2018-08-01 67 days 2,388 sqft
2018-09-01 75 days 2,393 sqft
2018-10-01 80 days 2,392 sqft
2018-11-01 87 days 2,343 sqft
2018-12-01 101 days 2,374 sqft
2019-01-01 108 days 2,357 sqft
2019-02-01 104 days 2,243 sqft
2019-03-01 92 days 2,278 sqft
2019-04-01 72 days 2,350 sqft
2019-05-01 53 days 2,347 sqft
2019-06-01 56 days 2,344 sqft
2019-07-01 58 days 2,382 sqft
2019-08-01 57 days 2,298 sqft
2019-09-01 63 days 2,257 sqft
2019-10-01 70 days 2,246 sqft
2019-11-01 78 days 2,236 sqft
2019-12-01 85 days 2,211 sqft
2020-01-01 91 days 2,254 sqft
2020-02-01 88 days 2,264 sqft
2020-03-01 72 days 2,269 sqft
2020-04-01 63 days 2,267 sqft
2020-05-01 60 days 2,393 sqft
2020-06-01 45 days 2,411 sqft
2020-07-01 43 days 2,502 sqft
2020-08-01 44 days 2,438 sqft
2020-09-01 47 days 2,370 sqft
2020-10-01 53 days 2,438 sqft
2020-11-01 56 days 2,498 sqft
2020-12-01 71 days 2,382 sqft
2021-01-01 70 days 2,288 sqft
2021-02-01 52 days 2,408 sqft
2021-03-01 40 days 2,208 sqft
2021-04-01 33 days 2,222 sqft
2021-05-01 28 days 2,208 sqft
2021-06-01 26 days 2,371 sqft
2021-07-01 27 days 2,283 sqft
2021-08-01 31 days 2,200 sqft
2021-09-01 39 days 2,242 sqft
2021-10-01 50 days 2,375 sqft
2021-11-01 64 days 2,354 sqft
2021-12-01 63 days 2,256 sqft
2022-01-01 63 days 2,256 sqft
2022-02-01 37 days 2,478 sqft
2022-03-01 30 days 2,335 sqft
2022-04-01 22 days 2,280 sqft
BILLINGS's median listing age (time on market) for 2022-04-01 was 22 days. This is -32% shorter than the same period one year ago.

BILLINGS's median square footage for active listings during the 2022-04-01 period was 2,280 sqft. One year prior, the average listing was 2,222 sqft.