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.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Stockman Bank of Montana 279 4.91% $6,444
Opportunity Bank of Montana 216 5.05% $6,840
QUICKEN LOANS, LLC 152 4.69% $7,663
Glacier Bank 121 4.39% $6,857
UNITED WHOLESALE MORTGAGE, LLC 109 4.87% $7,130
CORNERSTONE HOME LENDING, INC. 93 5.03% $8,256
The Yellowstone Bank 85 4.50% $5,876
GUILD MORTGAGE COMPANY 83 4.79% $8,287
UNIVERSAL LENDING CORPORATION 81 5.08% $6,111
First Interstate Bank 71 4.84% $6,116
Wells Fargo Bank 69 4.97% $5,655
Servion, Inc. 66 4.79% $6,575
U.S. Bank 62 4.79% $5,621
GUARANTEED RATE, INC. 56 5.18% $6,242
Flagstar Bank, FSB 55 4.41% $5,443
Altana Federal Credit Union 51 4.88% $5,549
BILLINGS 48 4.45% $6,865
LOANDEPOT.COM, LLC 37 4.07% $6,630
CROSSCOUNTRY MORTGAGE, LLC 35 5.97% $7,477
American Bank Center 32 4.99% $7,515
JPMorgan Chase Bank 31 4.55% $5,098
AMERISAVE MORTGAGE CORPORATION 24 4.07% $8,013
FREEDOM MORTGAGE CORPORATION 19 4.23% $5,944
MANN FINANCIAL INC. 18 5.02% $7,651
BROKER SOLUTIONS, INC. 17 4.71% $7,005
VALLEY FINANCIAL CREDIT UNION 16 4.66% $2,649
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 4.43% $4,853
Mr. Cooper ( Nationstar Mortgage ) 13 4.87% $8,010
Bank of America 13 4.56% $4,343
AMERICAN FINANCING CORPORATION 12 4.02% $6,497
CHERRY CREEK MORTGAGE, LLC 12 4.71% $1,489
MOUNTAIN AMERICA 12 5.43% $7,390
PRIMELENDING, A PLAINSCAPITAL COMPANY 11 5.36% $5,909
MUTUAL OF OMAHA MORTGAGE, INC. 11 4.86% $10,013
NAVY FEDERAL CREDIT UNION 10 5.14% $4,086
HOME POINT FINANCIAL CORPORATION 10 4.40% $6,990
NEWREZ LLC 10 4.47% $5,438
PENNYMAC LOAN SERVICES, LLC 9 5.18% $6,524
CALIBER HOME LOANS, INC. 9 4.64% $5,538
BETTER MORTGAGE CORPORATION 8 3.77% $8,200
CARDINAL FINANCIAL 8 4.00% $6,178
LAKEVIEW LOAN SERVICING, LLC 8 4.67% $5,980
The Huntington National Bank 8 4.65% $6,458
CMG MORTGAGE, INC. 7 4.82% $7,674
MORTGAGE SOLUTIONS OF COLORADO, LLC 7 5.34% $7,358
Unify Home Lending Inc. 6 5.02% $8,101
ZILLOW HOME LOANS, LLC 6 4.29% $4,627
Carrington Mortgage Services, LLC 6 4.60% $7,530
Truist 6 4.43% $6,919
ACADEMY MORTGAGE CORPORATION 5 6.55% $9,157
PNC Bank 5 4.08% $5,912
Hometown Lenders, Inc. 5 6.95% $8,322
PREMIA MORTGAGE, LLC 4 3.90% $2,839
NBKC BANK 4 4.91% $4,022
Umpqua Bank 4 4.78% $6,629
CRESCENT MORTGAGE COMPANY 4 3.34% $6,266
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.63% $7,239
Ally Bank 4 4.09% $2,886
KeyBank 4 5.28% $5,261
Sunflower Bank 3 5.04% $10,096
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 4.75% $10,431
First Guaranty Mortgage Corporation 3 3.63% $5,539
Plains Commerce Bank 3 4.71% $4,909
North American Savings Bank, F.S.B. 3 5.08% $3,298
STEARNS LENDING, LLC 3 3.38% $3,494
The Federal Savings Bank 3 5.58% $11,402
Morgan Stanley Private Bank 3 3.35% $4,218
Nations Lending Corporation 3 5.33% $6,604
GoPrime Mortgage, Inc. 3 5.00% $5,955
The Central Trust Bank 2 5.06% $2,766
AMERICAN INTERNET MORTGAGE, INC. 2 4.06% $7,905
BANKWEST, INC. 2 5.50% $6,144
BNY Mellon 2 4.25% $5,726
CHURCHILL MORTGAGE CORPORATION 2 6.81% $4,755
Citibank 2 3.31% $5,431
Citizens Bank 2 3.25% $5,473
Fidelity Bank 2 4.06% $7,185
FirstBank 2 2.93% $3,679
First Bank & Trust 2 6.38% $7,181
GENEVA FINANCIAL, LLC 2 5.69% $5,937
GUARANTEED RATE AFFINITY, LLC 2 4.44% $1,680
HOMESIDE FINANCIAL, LLC 2 5.69% $5,528
IDAHO CENTRAL 2 5.69% $6,668
KELLER MORTGAGE, LLC 2 4.75% $5,773
LENDSURE MORTGAGE CORP. 2 6.50% $9,495
Magnolia Bank 2 3.69% $9,146
MID AMERICA MORTGAGE, INC. 2 6.31% $3,224
NETWORK CAPITAL FUNDING CORPORATION 2 5.13% $8,660
Operating Engineers Local Union #3 2 4.44% $6,546
PLAZA HOME MORTGAGE, INC. 2 4.81% $9,362
RESIDENTIAL BANCORP 2 3.06% $3,784
SOFI LENDING CORP. 2 4.38% $3,922
Stifel Bank and Trust 2 4.56% $2,757
Willamette Valley Bank 2 5.50% $8,619
HOMESTEAD FUNDING CORP. 1 3.13% $4,139
Goldwater Bank, N.A. 1 5.00% $3,953
Flanagan State Bank 1 6.63% $9,819
First Western Trust Bank 1 3.50% $3,990
Bank of England 1 6.63% $4,611
First United Bank and Trust Company 1 4.25% $4,032
First Savings Bank 1 6.50% $6,251
Northwest Farm Credit Services, FLCA 1 5.90% $7,112
Northwest Federal Credit Union 1 3.88% $4,636
VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.99% $3,831
First Republic Bank 1 3.85% $10,963
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 3.12% $11,100
Peak Financial 1 5.63% $6,115
First International Bank & Trust 1 5.25% $6,619
PENTAGON FEDERAL CREDIT UNION 1 3.13% $2,437
First Home Bank 1 3.99% $2,340
PLANET HOME LENDING, LLC 1 3.38% $6,601
Watermark Capital, Inc. 1 6.11% $4,263
FIRST COLONY MORTGAGE CORPORATION 1 5.63% $8,553
FINANCE OF AMERICA MORTGAGE LLC 1 6.13% $6,562
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.88% $3,501
Fifth Third Bank 1 5.00% $3,883
Prosperity Home Mortgage, LLC 1 3.25% $5,848
EVERETT FINANCIAL, INC. 1 4.50% $3,071
RELIANCE FIRST CAPITAL, LLC 1 3.99% $9,873
BancorpSouth 1 4.63% $4,930
RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 4.13% $4,433
S1L, Inc. 1 5.38% $5,613
SECURITYNATIONAL MORTGAGE COMPANY 1 6.50% $4,682
EVANSVILLE TEACHERS 1 3.25% $5,265
Sierra Pacific Mortgage Company, Inc. 1 3.50% $7,275
SIRVA MORTGAGE, INC. 1 4.88% $1,502
Amerifirst Financial, Inc. 1 6.00% $4,794
Starion Bank 1 3.25% $4,545
Discover Bank 1 3.99% $0
Wyndham Capital Mortgage, Inc. 1 4.38% $1,798
DELMAR FINANCIAL COMPANY 1 5.13% $4,638
Columbia State Bank 1 5.13% $4,665
TEXAS TECH 1 4.25% $6,190
CLEARWATER Federal Credit Union 1 5.63% $4,127
City National Bank 1 4.40% $2,911
The Fidelity Deposit and Discount Bank 1 6.38% $3,937
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.13% $6,386
Century Mortgage Company DBA Century Lending Company 1 5.50% $3,930
CANOPY MORTGAGE, LLC 1 2.88% $1,405
Bremer Bank 1 3.63% $5,966
BMO Harris Bank 1 3.50% $8,703
United Community Bank 1 4.38% $4,463
BAY EQUITY LLC 1 3.99% $7,746
Barrington Bank & Trust Company, N.A. 1 3.25% $6,484
USAA Federal Savings Bank 1 4.88% $8,053
Bank of Idaho 1 4.63% $3,558
Mortgage Research Center, LLC 1 5.38% $3,952
Jonah Bank of Wyoming 1 3.63% $5,994
HORIZON 1 8.00% $6,156
MOVEMENT MORTGAGE, LLC 1 5.56% $3,874
HOMEXPRESS MORTGAGE CORP. 1 5.88% $11,715
M&T Bank 1 5.00% $12,478
Mutual Federal Bank 1 6.00% $13,262

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.

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, 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 $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.