Butte - Silver Bow Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Butte - Silver Bow averaged 7.27% for the week of 2024-06-13, compared to the national average of 6.95% for the same period.

The average rate for the prior week (2024-06-06) was 7.01% and one month ago for the week of 2024-05-09, the average rate was 7.01%.

Butte - Silver Bow's average rate one year ago was 6.93%.

For refis of the same type during the week of 2024-06-13, the average rate was 7.15%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-06-13 6.95%
Butte - Silver Bow 30 Year Fixed Rate 2024-06-13 7.27%
Butte - Silver Bow 30 Year Fixed Rate Refi 2024-06-13 7.15%
Butte - Silver Bow 15 Year Fixed Rate 2024-06-13 6.07%
Butte - Silver Bow 15 Year Fixed Rate Refi 2024-06-13 6.77%
Butte - Silver Bow 30 Year FHA 2024-06-13 6.14%
Butte - Silver Bow 30 Year FHA Refi 2024-06-13 6.61%
Butte - Silver Bow 30 Year USDA 2024-06-13 6.91%
Butte - Silver Bow 30 Year USDA Refi 2024-06-13 6.91%
Butte - Silver Bow 30 Year VA 2024-06-13 6.42%
Butte - Silver Bow 30 Year VA Refi 2024-06-13 6.52%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Butte-Silver Bow, MT.

Butte - Silver Bow 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 Butte-Silver Bow, MT market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 44 6.82% $6,738
Glacier Bank 20 6.79% $5,739
QUICKEN LOANS, LLC 19 6.69% $7,596
Opportunity Bank of Montana 13 6.92% $4,314
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.54% $6,210
Ixonia Bank 12 7.21% $6,903
UNITED WHOLESALE MORTGAGE, LLC 9 7.07% $12,228
MANN FINANCIAL INC. 7 7.43% $6,768
Prosperity Home Mortgage, LLC 6 7.00% $6,661
Wells Fargo Bank 4 6.66% $4,412
Flagstar Bank, FSB 4 7.09% $4,945
U.S. Bank 4 6.78% $2,421
Stockman Bank of Montana 3 6.04% $6,966
HORIZON 3 7.79% $9,260
USAA Federal Savings Bank 3 6.67% $8,141
BROKER SOLUTIONS, INC. 2 7.31% $5,985
CRESCENT MORTGAGE COMPANY 2 6.38% $6,613
GUARANTEED RATE, INC. 2 6.68% $3,890
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.94% $6,354
LAKEVIEW LOAN SERVICING, LLC 2 6.88% $8,150
LOANDEPOT.COM, LLC 2 6.31% $7,505
Paramount Residential Mortgage Group, Inc. 1 5.99% $6,258
Plains Commerce Bank 1 6.75% $6,652
PNC Bank 1 6.25% $3,102
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $3,729
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.00% $3,219
Sunflower Bank 1 7.75% $5,825
The Huntington National Bank 1 7.75% $3,351
TOWNE MORTGAGE COMPANY 1 7.88% $3,523
AMERICAN INTERNET MORTGAGE, INC. 1 5.38% $7,065
ACADEMY MORTGAGE CORPORATION 1 7.38% $5,458
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.38% $2,878
CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $14,426
First Interstate Bank 1 7.50% $4,570
Utah Power 1 5.00% $4,752
CORNERSTONE HOME LENDING, INC. 1 6.88% $12,723
GoPrime Mortgage, Inc. 1 7.88% $7,443
CMG MORTGAGE, INC. 1 6.50% $12,782
CARDINAL FINANCIAL 1 6.13% $8,585
NBKC BANK 1 6.25% $6,074
BMO Harris Bank 1 6.38% $2,463

Butte - Silver Bow Average Closing Costs & Other Stats

Butte-Silver Bow, MT's 41 lenders originated 584 loans during 2023. The total origination value was $119,130,000, with an average loan value of $203,990.

Butte - Silver Bow's average closing costs are $5,489.

The top Butte - Silver Bow lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 44 loans originated. Their average total fees are $6,738, which is $998 higher than the next largest lender, Glacier Bank.

The lowest fee Butte - Silver Bow lenders (with over 10 loans originated) are Opportunity Bank of Montana ($4,314), Glacier Bank ($5,739), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,210), GUILD MORTGAGE COMPANY ($6,738) and Ixonia Bank ($6,903).

The lowest rate Butte - Silver Bow lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.54%), QUICKEN LOANS, LLC (6.69%), Glacier Bank (6.79%), GUILD MORTGAGE COMPANY (6.82%) and Opportunity Bank of Montana (6.92%).

Butte-Silver Bow, MT Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
GUILD MORTGAGE COMPANY $9,255,000 $21,300,000 130.1% 17.9%
QUICKEN LOANS, LLC $16,420,000 $10,860,000 -33.9% 9.1%
Glacier Bank $19,310,000 $10,480,000 -45.7% 8.8%
Opportunity Bank of Montana $18,920,000 $7,690,000 -59.4% 6.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,910,000 $6,335,000 62.0% 5.3%
UNITED WHOLESALE MORTGAGE, LLC $2,790,000 $5,935,000 112.7% 5.0%
Ixonia Bank $3,100,000 $4,400,000 41.9% 3.7%
Prosperity Home Mortgage, LLC $4,050,000 n/a 3.4%
MANN FINANCIAL INC. $4,275,000 $3,590,000 -16.0% 3.0%
Stockman Bank of Montana $4,960,000 $3,030,000 -38.9% 2.5%
Mortgage Research Center, LLC $4,115,000 $2,900,000 -29.5% 2.4%
Flagstar Bank, FSB $7,550,000 $2,355,000 -68.8% 2.0%
First Montana Bank, Inc. $2,010,000 $2,260,000 12.4% 1.9%
HORIZON $1,625,000 $1,860,000 14.5% 1.6%
U.S. Bank $2,790,000 $1,460,000 -47.7% 1.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $1,070,000 $1,305,000 22.0% 1.1%
USAA Federal Savings Bank $1,475,000 $1,140,000 -22.7% 1.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,320,000 $1,020,000 -22.7% 0.9%
CRESCENT MORTGAGE COMPANY $1,535,000 $930,000 -39.4% 0.8%
Wells Fargo Bank $14,490,000 $930,000 -93.6% 0.8%
NAVY FEDERAL CREDIT UNION $1,080,000 $900,000 -16.7% 0.8%
LAKEVIEW LOAN SERVICING, LLC $865,000 $895,000 3.5% 0.8%
MUTUAL OF OMAHA MORTGAGE, INC. $790,000 $880,000 11.4% 0.7%
FREEDOM MORTGAGE CORPORATION $2,705,000 $860,000 -68.2% 0.7%
LOANDEPOT.COM, LLC $2,505,000 $850,000 -66.1% 0.7%
GUARANTEED RATE, INC. $1,745,000 $805,000 -53.9% 0.7%
FINANCE OF AMERICA REVERSE LLC $205,000 $760,000 270.7% 0.6%
Plains Commerce Bank $215,000 $745,000 246.5% 0.6%
Commerce Home Mortgage, Inc. $740,000 n/a 0.6%
CROSSCOUNTRY MORTGAGE, LLC $575,000 $740,000 28.7% 0.6%
CHURCHILL MORTGAGE CORPORATION $670,000 n/a 0.6%
BROKER SOLUTIONS, INC. $965,000 $660,000 -31.6% 0.6%
CORNERSTONE HOME LENDING, INC. $1,205,000 $630,000 -47.7% 0.5%
CMG MORTGAGE, INC. $675,000 $605,000 -10.4% 0.5%
AMERISAVE MORTGAGE CORPORATION $2,065,000 $520,000 -74.8% 0.4%
First Interstate Bank $2,560,000 $505,000 -80.3% 0.4%
RELIANCE FIRST CAPITAL, LLC $205,000 $500,000 143.9% 0.4%
The Huntington National Bank $475,000 n/a 0.4%
CARDINAL FINANCIAL $665,000 $460,000 -30.8% 0.4%
SUMMIT FUNDING, INC. $425,000 n/a 0.4%
CALCON MUTUAL MORTGAGE LLC $245,000 $400,000 63.3% 0.3%
TrailWest Bank $165,000 $400,000 142.4% 0.3%
FIRST ALLIANCE HOME MORTGAGE, LLC $395,000 n/a 0.3%
Mr. Cooper ( Nationstar Mortgage ) $805,000 $370,000 -54.0% 0.3%
BMO Harris Bank $355,000 n/a 0.3%
Paramount Residential Mortgage Group, Inc. $3,130,000 $340,000 -89.1% 0.3%
NBKC BANK $335,000 n/a 0.3%
Sunflower Bank $305,000 n/a 0.3%
The Federal Savings Bank $225,000 $285,000 26.7% 0.2%
AMCAP MORTGAGE, LTD. $260,000 n/a 0.2%
Platinum Home Mortgage Corporation $255,000 n/a 0.2%
Chickasaw Community Bank $245,000 n/a 0.2%
Discover Bank $270,000 $245,000 -9.3% 0.2%
Flanagan State Bank $1,750,000 $235,000 -86.6% 0.2%
PENTAGON FEDERAL CREDIT UNION $340,000 $235,000 -30.9% 0.2%
ACADEMY MORTGAGE CORPORATION $135,000 $225,000 66.7% 0.2%
GoPrime Mortgage, Inc. $700,000 $215,000 -69.3% 0.2%
LONGBRIDGE FINANCIAL, LLC $85,000 $215,000 152.9% 0.2%
Century Mortgage Company DBA Century Lending Company $205,000 n/a 0.2%
VELOCITY COMMERCIAL CAPITAL, LLC $205,000 n/a 0.2%
American Bank Center $400,000 $195,000 -51.3% 0.2%
CHERRY CREEK MORTGAGE, LLC $175,000 $195,000 11.4% 0.2%
PNC Bank $425,000 $195,000 -54.1% 0.2%
Bank of America $185,000 n/a 0.2%
TOWNE MORTGAGE COMPANY $185,000 n/a 0.2%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $175,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $175,000 n/a 0.1%
Utah Power $175,000 n/a 0.1%
Figure Lending LLC $75,000 $165,000 120.0% 0.1%
NEW DAY FINANCIAL, LLC $490,000 $165,000 -66.3% 0.1%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $155,000 n/a 0.1%
AMERICAN INTERNET MORTGAGE, INC. $135,000 n/a 0.1%
Carrington Mortgage Services, LLC $290,000 $135,000 -53.4% 0.1%
DEEPHAVEN MORTGAGE LLC $125,000 n/a 0.1%
PENNYMAC LOAN SERVICES, LLC $2,160,000 $125,000 -94.2% 0.1%
HOMEBRIDGE FINANCIAL SERVICES, INC. $950,000 $105,000 -88.9% 0.1%
Citizens Alliance Bank $55,000 n/a 0.0%
State Department Federal Credit Union $15,000 n/a 0.0%

Butte - Silver Bow's top lender by overall market share is GUILD MORTGAGE COMPANY, with 17.9% market share. In second place, with 9.1%, is QUICKEN LOANS, LLC, having originated $10,860,000 in loans. In third place, with 8.8%, is Glacier Bank, having originated $10,480,000 in loans. In fourth place, with 6.5%, is Opportunity Bank of Montana, having originated $7,690,000 in loans. In fifth place, with 5.3%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $6,335,000 in loans.


Butte - Silver Bow Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Butte - Silver Bow (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 $172,500 (12.6%) $237,090 (-5.0%) 0.00 153
2018-02-01 $168,450 (12.4%) $237,919 (-2.2%) 0.00 154
2018-03-01 $177,000 (18.5%) $255,013 (11.6%) 0.00 132
2018-04-01 $201,000 (34.0%) $272,088 (22.4%) 0.00 135
2018-05-01 $207,000 (30.6%) $252,644 (14.7%) 0.00 139
2018-06-01 $179,450 (8.8%) $240,826 (11.2%) 0.00 167
2018-07-01 $176,875 (7.2%) $229,590 (5.7%) 0.00 168
2018-08-01 $183,750 (15.8%) $228,846 (9.7%) 0.00 182
2018-09-01 $166,250 (4.6%) $225,278 (9.0%) 0.00 190
2018-10-01 $158,750 (0.2%) $218,577 (3.8%) 0.00 175
2018-11-01 $149,249 (-6.6%) $200,463 (-9.5%) 0.00 169
2018-12-01 $154,900 (-6.7%) $208,060 (-10.5%) 0.00 147
2019-01-01 $155,000 (-10.1%) $211,686 (-10.7%) 0.00 126
2019-02-01 $152,000 (-9.8%) $206,050 (-13.4%) 0.00 124
2019-03-01 $176,570 (-0.2%) $214,436 (-15.9%) 0.00 130
2019-04-01 $206,250 (2.6%) $229,279 (-15.7%) 0.00 135
2019-05-01 $222,000 (7.3%) $245,216 (-2.9%) 0.00 142
2019-06-01 $214,997 (19.8%) $254,639 (5.7%) 0.00 167
2019-07-01 $204,749 (15.8%) $246,071 (7.2%) 0.00 177
2019-08-01 $194,500 (5.9%) $237,629 (3.8%) 0.00 189
2019-09-01 $187,750 (12.9%) $233,737 (3.8%) 0.00 180
2019-10-01 $180,000 (13.4%) $229,493 (5.0%) 0.00 174
2019-11-01 $172,000 (15.2%) $230,304 (14.9%) 0.00 153
2019-12-01 $189,600 (22.4%) $237,162 (14.0%) 0.00 136
2020-01-01 $183,850 (18.6%) $236,338 (11.7%) 0.00 125
2020-02-01 $192,500 (26.6%) $250,340 (21.5%) 0.00 113
2020-03-01 $198,375 (12.4%) $263,210 (22.8%) 0.00 111
2020-04-01 $221,850 (7.6%) $263,412 (14.9%) 0.00 110
2020-05-01 $255,000 (14.9%) $268,611 (9.5%) 0.00 120
2020-06-01 $232,000 (7.9%) $275,044 (8.0%) 0.00 114
2020-07-01 $239,000 (16.7%) $262,964 (6.9%) 0.00 107
2020-08-01 $254,500 (30.9%) $262,669 (10.5%) 0.00 109
2020-09-01 $260,000 (38.5%) $258,887 (10.8%) 0.00 99
2020-10-01 $239,000 (32.8%) $266,941 (16.3%) 0.00 97
2020-11-01 $204,663 (19.0%) $250,605 (8.8%) 0.00 103
2020-12-01 $196,000 (3.4%) $237,751 (0.3%) 0.00 88
2021-01-01 $175,000 (-4.8%) $229,673 (-2.8%) 0.00 62
2021-02-01 $190,500 (-1.0%) $230,045 (-8.1%) 0.00 47
2021-03-01 $190,250 (-4.1%) $375,625 (42.7%) 0.00 29
2021-04-01 $193,750 (-12.7%) $484,634 (84.0%) 0.00 39
2021-05-01 $225,000 (-11.8%) $446,884 (66.4%) 0.00 45
2021-06-01 $267,475 (15.3%) $420,189 (52.8%) 0.00 59
2021-07-01 $239,000 (0.0%) $507,000 (92.8%) 0.00 63
2021-08-01 $249,000 (-2.2%) $501,995 (91.1%) 0.00 83
2021-09-01 $291,750 (12.2%) $527,482 (103.8%) 0.00 94
2021-10-01 $269,000 (12.6%) $543,773 (103.7%) 0.00 77
2021-11-01 $277,250 (35.5%) $539,343 (115.2%) 0.00 73
2021-12-01 $296,750 (51.4%) $625,927 (163.3%) 0.00 59
2022-01-01 $325,000 (85.7%) $697,997 (203.9%) 0.00 44
2022-02-01 $322,500 (69.3%) $537,453 (133.6%) 0.00 46
2022-03-01 $329,250 (73.1%) $545,574 (45.2%) 0.00 50
2022-04-01 $329,000 (69.8%) $551,479 (13.8%) 0.00 45
2022-05-01 $375,000 (66.7%) $597,976 (33.8%) 0.00 45
2022-06-01 $280,750 (5.0%) $485,354 (15.5%) 0.00 60
2022-07-01 $311,000 (30.1%) $550,776 (8.6%) 0.00 84
2022-08-01 $347,225 (39.5%) $550,100 (9.6%) 0.00 106
2022-09-01 $360,000 (23.4%) $593,973 (12.6%) 0.00 99
2022-10-01 $348,000 (29.4%) $611,743 (12.5%) 0.00 87
2022-11-01 $340,250 (22.7%) $613,256 (13.7%) 0.00 91
2022-12-01 $339,950 (14.6%) $621,009 (-0.8%) 0.00 93
2023-01-01 $339,500 (4.5%) $628,611 (-9.9%) 0.00 86
2023-02-01 $337,500 (4.7%) $532,297 (-1.0%) 0.00 78
2023-03-01 $346,750 (5.3%) $567,341 (4.0%) 0.00 77
2023-04-01 $373,000 (13.4%) $567,808 (3.0%) 0.00 68
2023-05-01 $356,000 (-5.1%) $573,614 (-4.1%) 0.00 75
2023-06-01 $351,250 (25.1%) $574,147 (18.3%) 0.00 90
2023-07-01 $377,000 (21.2%) $556,114 (1.0%) 0.00 105
2023-08-01 $354,000 (2.0%) $512,842 (-6.8%) 0.00 129
2023-09-01 $344,500 (-4.3%) $504,696 (-15.0%) 0.00 126
2023-10-01 $326,000 (-6.3%) $493,474 (-19.3%) 0.00 137
2023-11-01 $324,250 (-4.7%) $498,228 (-18.8%) 0.00 136
2023-12-01 $325,000 (-4.4%) $500,220 (-19.5%) 0.00 123
2024-01-01 $320,000 (-5.7%) $531,304 (-15.5%) 0.00 111
2024-02-01 $305,125 (-9.6%) $529,196 (-0.6%) 0.00 104
2024-03-01 $299,413 (-13.7%) $505,433 (-10.9%) 0.00 106
2024-04-01 $332,500 (-10.9%) $524,784 (-7.6%) 0.00 119
2024-05-01 $340,063 (-4.5%) $531,725 (-7.3%) 0.00 141
Butte - Silver Bow's median listing price for 2024-05-01 was $340,063, a difference of $-15,937 (-4.5%) versus the prior year and $7,563 versus the prior month.

Butte - Silver Bow's median listing price comes in at 0% of the national average.

Butte - Silver Bow's average listing price for 2024-05-01 was $531,725, a difference of $-41,889 (-7.3%) versus the prior year and $6,941 versus the prior month.

For the 2024-05-01 period, Butte - Silver Bow had 141 MLS listings, a difference of 22 listings (18%) versus the prior month and 66 listings (88%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Butte - Silver Bow (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,688 sqft
2018-02-01 0 days 1,702 sqft
2018-03-01 0 days 1,756 sqft
2018-04-01 0 days 1,820 sqft
2018-05-01 0 days 1,800 sqft
2018-06-01 0 days 1,800 sqft
2018-07-01 0 days 1,757 sqft
2018-08-01 0 days 1,902 sqft
2018-09-01 0 days 1,924 sqft
2018-10-01 0 days 1,767 sqft
2018-11-01 0 days 1,644 sqft
2018-12-01 0 days 1,680 sqft
2019-01-01 0 days 1,713 sqft
2019-02-01 0 days 1,705 sqft
2019-03-01 0 days 1,744 sqft
2019-04-01 0 days 1,774 sqft
2019-05-01 0 days 1,925 sqft
2019-06-01 0 days 1,990 sqft
2019-07-01 0 days 1,814 sqft
2019-08-01 0 days 1,892 sqft
2019-09-01 0 days 1,908 sqft
2019-10-01 0 days 1,893 sqft
2019-11-01 0 days 1,789 sqft
2019-12-01 0 days 1,741 sqft
2020-01-01 0 days 1,693 sqft
2020-02-01 0 days 1,656 sqft
2020-03-01 0 days 1,680 sqft
2020-04-01 0 days 1,696 sqft
2020-05-01 0 days 1,874 sqft
2020-06-01 0 days 1,914 sqft
2020-07-01 0 days 1,411 sqft
2020-08-01 0 days 1,298 sqft
2020-09-01 0 days 1,298 sqft
2020-10-01 0 days 1,298 sqft
2020-11-01 0 days 1,482 sqft
2020-12-01 0 days 1,520 sqft
2021-01-01 0 days 1,468 sqft
2021-02-01 0 days 1,655 sqft
2021-03-01 0 days 1,675 sqft
2021-04-01 0 days 1,767 sqft
2021-05-01 0 days 2,112 sqft
2021-06-01 0 days 2,016 sqft
2021-07-01 0 days 1,828 sqft
2021-08-01 0 days 1,795 sqft
2021-09-01 0 days 2,016 sqft
2021-10-01 0 days 2,081 sqft
2021-11-01 0 days 2,109 sqft
2021-12-01 0 days 2,210 sqft
2022-01-01 0 days 2,195 sqft
2022-02-01 0 days 2,166 sqft
2022-03-01 0 days 2,184 sqft
2022-04-01 0 days 2,213 sqft
2022-05-01 0 days 2,352 sqft
2022-06-01 0 days 1,832 sqft
2022-07-01 0 days 1,934 sqft
2022-08-01 0 days 1,920 sqft
2022-09-01 0 days 2,219 sqft
2022-10-01 0 days 2,129 sqft
2022-11-01 0 days 2,016 sqft
2022-12-01 0 days 2,048 sqft
2023-01-01 0 days 1,989 sqft
2023-02-01 0 days 1,889 sqft
2023-03-01 0 days 1,808 sqft
2023-04-01 0 days 1,875 sqft
2023-05-01 0 days 1,787 sqft
2023-06-01 0 days 1,771 sqft
2023-07-01 0 days 1,824 sqft
2023-08-01 0 days 1,740 sqft
2023-09-01 0 days 1,792 sqft
2023-10-01 0 days 1,753 sqft
2023-11-01 0 days 1,713 sqft
2023-12-01 0 days 1,764 sqft
2024-01-01 0 days 1,616 sqft
2024-02-01 0 days 1,529 sqft
2024-03-01 0 days 1,404 sqft
2024-04-01 0 days 1,679 sqft
2024-05-01 0 days 1,739 sqft
Butte - Silver Bow's median listing age (time on market) for 2024-05-01 was 0 days.

Butte - Silver Bow's median square footage for active listings during the 2024-05-01 period was 1,739 sqft. One year prior, the average listing was 1,787 sqft.

Butte-Silver Bow, MT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 346 $86,670,000 $250,491
Cash Out Refi 102 $20,050,000 $196,569
Other 49 $3,925,000 $80,102
Home Improvement 48 $3,130,000 $65,208
Refi 39 $5,355,000 $137,308

Butte - Silver Bow's most frequently cited loan purpose was Home Purchase, with 346 originations. The 2nd most popular reason was Cash Out Refi, with 102 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 181 $45,005,000 $248,646
5-6% 137 $28,925,000 $211,131
7-8% 125 $29,105,000 $232,840
Over 8% 94 $9,690,000 $103,085
4-5% 9 $1,175,000 $130,556
<2.5% 6 $80,000 $13,333
3-4% 3 $385,000 $128,333
2.5-3% 1 $25,000 $25,000

During 2023, Butte - Silver Bow's most frequently originated rate bucket was 6-7%, with 181 originations.

Loan Sizing (Butte-Silver Bow, MT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 223 $60,645,000 $271,951
$100k-200k 173 $25,435,000 $147,023
$100,000 or less 141 $6,445,000 $45,709
$400k-600k 38 $17,920,000 $471,579
$600k-1000k 7 $4,685,000 $669,286
$Over $1MM 2 $4,000,000 $2,000,000

Butte - Silver Bow's loan sizing saw the bucket of loans from $200k-400k with 223 originations, totaling $60,645,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 211 $57,645,000 $273,199
60-80% 137 $35,345,000 $257,993
Under 20% 81 $2,735,000 $33,765
20-40% 62 $6,720,000 $108,387
40-60% 55 $9,195,000 $167,182
Over 100% 9 $2,645,000 $293,889

Butte - Silver Bow's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 211 originations, totaling $57,645,000 in origination value.