Helena Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Helena averaged
7.1%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.04% and
one month ago for the week of 2023-08-10, the
average rate was 6.88%.
Helena's average rate one year ago was 5.41%.
For refis of the same type during the week of 2023-09-14, the average rate
was 6.48%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Helena 30 Year Fixed Rate | 2023-09-14 | 7.1% |
| Helena 30 Year Fixed Rate Refi | 2023-09-14 | 6.48% |
| Helena 15 Year Fixed Rate | 2023-09-14 | 6.51% |
| Helena 15 Year Fixed Rate Refi | 2023-09-14 | 7.11% |
| Helena 30 Year FHA | 2023-09-14 | 7.09% |
| Helena 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Helena 30 Year USDA | 2023-09-14 | 6.78% |
| Helena 30 Year USDA Refi | 2023-09-14 | 6.78% |
| Helena 30 Year VA | 2023-09-14 | 6.36% |
| Helena 30 Year VA Refi | 2023-09-14 | 6.61% |
Helena 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 Helena, 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.).
Helena Average Closing Costs & Other Stats
Helena, MT's 104 lenders originated 2,331
loans during 2022. The total origination value was $694,915,000, with an average loan value of
$298,119.
Helena's average closing costs are $5,835.
The top Helena lender as defined by loan originations is Opportunity Bank of Montana, with
225 loans originated. Their average total fees are
$6,799, which is $821
higher than the next largest lender,
Glacier Bank.
The lowest fee Helena lenders (with over 10 loans originated) are
Wells Fargo Bank ($5,141), First Interstate Bank ($5,752), JPMorgan Chase Bank ($5,801), Glacier Bank ($5,977) and U.S. Bank ($6,248).
The lowest rate Helena lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (3.89%), JPMorgan Chase Bank (4.26%), Flagstar Bank, FSB (4.49%), Wells Fargo Bank (4.50%) and CRESCENT MORTGAGE COMPANY (4.56%).
Helena, 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 |
|---|---|---|---|---|
| Opportunity Bank of Montana | $202,500,000 | $133,345,000 | -34.2% | 19.2% |
| Glacier Bank | $120,230,000 | $79,370,000 | -34.0% | 11.4% |
| First Interstate Bank | $82,685,000 | $62,065,000 | -24.9% | 8.9% |
| MANN FINANCIAL INC. | $90,065,000 | $52,025,000 | -42.2% | 7.5% |
| Stockman Bank of Montana | $73,525,000 | $41,495,000 | -43.6% | 6.0% |
| QUICKEN LOANS, LLC | $72,190,000 | $30,290,000 | -58.0% | 4.4% |
| GUARANTEED RATE, INC. | $13,715,000 | $24,305,000 | 77.2% | 3.5% |
| U.S. Bank | $23,405,000 | $20,120,000 | -14.0% | 2.9% |
| Wells Fargo Bank | $60,715,000 | $18,445,000 | -69.6% | 2.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $12,000,000 | $11,995,000 | 0.0% | 1.7% |
| CBRE MULTIFAMILY CAPITAL, INC. | $9,335,000 | n/a | 1.3% | |
| Mortgage Research Center, LLC | $20,005,000 | $8,770,000 | -56.2% | 1.3% |
| FREEDOM MORTGAGE CORPORATION | $36,135,000 | $8,285,000 | -77.1% | 1.2% |
| LOANDEPOT.COM, LLC | $27,185,000 | $8,030,000 | -70.5% | 1.2% |
| USAA Federal Savings Bank | $7,340,000 | $7,190,000 | -2.0% | 1.0% |
| REVERSE MORTGAGE FUNDING LLC | $5,515,000 | $7,100,000 | 28.7% | 1.0% |
| AMERISAVE MORTGAGE CORPORATION | $21,750,000 | $6,735,000 | -69.0% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $18,750,000 | $6,125,000 | -67.3% | 0.9% |
| CRESCENT MORTGAGE COMPANY | $14,450,000 | $5,980,000 | -58.6% | 0.9% |
| GUILD MORTGAGE COMPANY | $6,255,000 | $5,940,000 | -5.0% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $7,410,000 | $5,890,000 | -20.5% | 0.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $6,155,000 | $5,370,000 | -12.8% | 0.8% |
| Flagstar Bank, FSB | $10,220,000 | $5,270,000 | -48.4% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $9,505,000 | $4,865,000 | -48.8% | 0.7% |
| JPMorgan Chase Bank | $26,980,000 | $4,840,000 | -82.1% | 0.7% |
| Bank of America | $2,640,000 | $4,555,000 | 72.5% | 0.7% |
| CORNERSTONE HOME LENDING, INC. | $4,880,000 | $4,535,000 | -7.1% | 0.7% |
| BROKER SOLUTIONS, INC. | $6,030,000 | $4,325,000 | -28.3% | 0.6% |
| AMCAP MORTGAGE, LTD. | $4,250,000 | $3,575,000 | -15.9% | 0.5% |
| BETTER MORTGAGE CORPORATION | $12,440,000 | $3,465,000 | -72.1% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,140,000 | $2,970,000 | 38.8% | 0.4% |
| CALIBER HOME LOANS, INC. | $4,830,000 | $2,850,000 | -41.0% | 0.4% |
| The Federal Savings Bank | $4,140,000 | $2,810,000 | -32.1% | 0.4% |
| The Huntington National Bank | $755,000 | $2,545,000 | 237.1% | 0.4% |
| Truist | $2,500,000 | n/a | 0.4% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,085,000 | $2,425,000 | -21.4% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $3,000,000 | $2,420,000 | -19.3% | 0.3% |
| PNC Bank | $1,315,000 | $2,370,000 | 80.2% | 0.3% |
| ZILLOW HOME LOANS, LLC | $2,225,000 | n/a | 0.3% | |
| First Montana Bank, Inc. | $465,000 | $2,165,000 | 365.6% | 0.3% |
| Citizens Alliance Bank | $2,570,000 | $2,085,000 | -18.9% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,585,000 | $2,015,000 | -22.1% | 0.3% |
| CHERRY CREEK MORTGAGE, LLC | $3,645,000 | $1,905,000 | -47.7% | 0.3% |
| Independent Bank | $1,895,000 | n/a | 0.3% | |
| PREMIA MORTGAGE, LLC | $850,000 | $1,870,000 | 120.0% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $8,910,000 | $1,805,000 | -79.7% | 0.3% |
| Flanagan State Bank | $2,310,000 | $1,775,000 | -23.2% | 0.3% |
| KeyBank | $865,000 | $1,770,000 | 104.6% | 0.3% |
| BAY EQUITY LLC | $2,050,000 | $1,720,000 | -16.1% | 0.2% |
| NEWREZ LLC | $5,475,000 | $1,715,000 | -68.7% | 0.2% |
| Hometown Lenders, Inc. | $5,275,000 | $1,580,000 | -70.0% | 0.2% |
| AMERICAN FINANCING CORPORATION | $2,655,000 | $1,575,000 | -40.7% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $1,120,000 | $1,525,000 | 36.2% | 0.2% |
| PLANET HOME LENDING, LLC | $3,270,000 | $1,515,000 | -53.7% | 0.2% |
| CLEARPATH LENDING | $3,420,000 | $1,495,000 | -56.3% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $995,000 | $1,390,000 | 39.7% | 0.2% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $560,000 | $1,350,000 | 141.1% | 0.2% |
| AMERICAN ADVISORS GROUP | $365,000 | $1,235,000 | 238.4% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $1,675,000 | $1,215,000 | -27.5% | 0.2% |
| CANOPY MORTGAGE, LLC | $285,000 | $1,125,000 | 294.7% | 0.2% |
| Nations Lending Corporation | $2,680,000 | $1,080,000 | -59.7% | 0.2% |
| ENVOY MORTGAGE, LTD | $155,000 | $1,060,000 | 583.9% | 0.2% |
| BMO Harris Bank | $1,050,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $2,350,000 | $1,030,000 | -56.2% | 0.1% |
| First Republic Bank | $1,005,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $3,975,000 | $980,000 | -75.3% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $2,545,000 | $970,000 | -61.9% | 0.1% |
| MORTGAGE 1 INCORPORATED | $1,560,000 | $955,000 | -38.8% | 0.1% |
| Rocky Mountain Bank | $4,805,000 | $840,000 | -82.5% | 0.1% |
| Unify Home Lending Inc. | $420,000 | $810,000 | 92.9% | 0.1% |
| Willamette Valley Bank | $640,000 | $810,000 | 26.6% | 0.1% |
| First Guaranty Mortgage Corporation | $915,000 | $805,000 | -12.0% | 0.1% |
| North American Savings Bank, F.S.B. | $2,685,000 | $790,000 | -70.6% | 0.1% |
| American Bank Center | $1,700,000 | $780,000 | -54.1% | 0.1% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $490,000 | $780,000 | 59.2% | 0.1% |
| Figure Lending LLC | $140,000 | $735,000 | 425.0% | 0.1% |
| UNIVERSAL LENDING CORPORATION | $3,655,000 | $735,000 | -79.9% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $3,110,000 | $710,000 | -77.2% | 0.1% |
| TrailWest Bank | $45,000 | $705,000 | 1,466.7% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $690,000 | n/a | 0.1% | |
| DIRECTORS MORTGAGE, INC. | $680,000 | n/a | 0.1% | |
| Gateway First Bank | $680,000 | n/a | 0.1% | |
| Plains Commerce Bank | $1,825,000 | $680,000 | -62.7% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $670,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $310,000 | $650,000 | 109.7% | 0.1% |
| NBKC BANK | $3,670,000 | $650,000 | -82.3% | 0.1% |
| CMG MORTGAGE, INC. | $1,620,000 | $640,000 | -60.5% | 0.1% |
| Ixonia Bank | $305,000 | $635,000 | 108.2% | 0.1% |
| Carrington Mortgage Services, LLC | $2,280,000 | $615,000 | -73.0% | 0.1% |
| SOFI LENDING CORP. | $5,345,000 | $610,000 | -88.6% | 0.1% |
| NBH Bank | $215,000 | $600,000 | 179.1% | 0.1% |
| Discover Bank | $260,000 | $590,000 | 126.9% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $2,220,000 | $570,000 | -74.3% | 0.1% |
| FBC MORTGAGE, LLC | $545,000 | n/a | 0.1% | |
| BANKWEST, INC. | $515,000 | n/a | 0.1% | |
| Morgan Stanley Private Bank | $515,000 | n/a | 0.1% | |
| Ally Bank | $1,560,000 | $510,000 | -67.3% | 0.1% |
| GoPrime Mortgage, Inc. | $1,735,000 | $485,000 | -72.0% | 0.1% |
| Gate City Bank | $475,000 | n/a | 0.1% | |
| The Union Bank Company | $490,000 | $475,000 | -3.1% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $455,000 | n/a | 0.1% | |
| DIRECT MORTGAGE, CORP. | $425,000 | n/a | 0.1% | |
| Assurance Financial Group, L.L.C. | $405,000 | n/a | 0.1% | |
| CITYWIDE HOME LOANS, LLC | $405,000 | n/a | 0.1% | |
| Sunflower Bank | $405,000 | n/a | 0.1% | |
| First Horizon Bank | $395,000 | n/a | 0.1% | |
| Platinum Home Mortgage Corporation | $720,000 | $395,000 | -45.1% | 0.1% |
| NORTHROP GRUMMAN Federal Credit Union | $385,000 | n/a | 0.1% | |
| Greenbox Loans, Inc. | $375,000 | $375,000 | 0.0% | 0.1% |
| HOMESTAR FINANCIAL CORPORATION | $375,000 | n/a | 0.1% | |
| Citizens Bank | $670,000 | $370,000 | -44.8% | 0.1% |
| AXIA FINANCIAL, LLC | $355,000 | n/a | 0.1% | |
| Citizens Bank Minnesota | $355,000 | n/a | 0.1% | |
| Paramount Bank | $355,000 | n/a | 0.1% | |
| DELMAR FINANCIAL COMPANY | $215,000 | $335,000 | 55.8% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $335,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $335,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
| UBS Bank USA | $545,000 | $315,000 | -42.2% | 0.0% |
| CITIZENS EQUITY FIRST | $300,000 | n/a | 0.0% | |
| Magnolia Bank | $1,580,000 | $295,000 | -81.3% | 0.0% |
| Arvest Bank | $315,000 | $285,000 | -9.5% | 0.0% |
| HOME POINT FINANCIAL CORPORATION | $1,570,000 | $285,000 | -81.8% | 0.0% |
| PHH Mortgage Corporation | $165,000 | $280,000 | 69.7% | 0.0% |
| 1st Security Bank of Washington | $355,000 | $275,000 | -22.5% | 0.0% |
| Citizens Bank of Kansas | $275,000 | n/a | 0.0% | |
| KINECTA | $275,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $245,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $235,000 | n/a | 0.0% | |
| Semper Home Loans, Inc. | $225,000 | n/a | 0.0% | |
| UMB Bank | $225,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $195,000 | n/a | 0.0% | |
| WESTCOAST MORTGAGE GROUP AND REALTY COMPANY | $195,000 | n/a | 0.0% | |
| City National Bank of Florida | $185,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $3,695,000 | $185,000 | -95.0% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $175,000 | n/a | 0.0% | |
| Northwest Farm Credit Services, FLCA | $765,000 | $175,000 | -77.1% | 0.0% |
| SPRING EQ, LLC | $85,000 | $170,000 | 100.0% | 0.0% |
| Bell Bank | $155,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $155,000 | n/a | 0.0% | |
| Peoples Bank | $145,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $1,100,000 | $145,000 | -86.8% | 0.0% |
| Montana Federal Credit Union | $355,000 | $140,000 | -60.6% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $135,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $940,000 | $125,000 | -86.7% | 0.0% |
| HORIZON | $45,000 | $110,000 | 144.4% | 0.0% |
| DIGITAL Federal Credit Union | $105,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| MOUNTAIN AMERICA | $815,000 | $85,000 | -89.6% | 0.0% |
| Raymond James Bank | $85,000 | n/a | 0.0% | |
| Centier Bank | $45,000 | n/a | 0.0% |
Helena's top lender by overall market share is Opportunity Bank of Montana, with 19.2% market share. In second place, with 11.4%, is Glacier Bank, having originated $79,370,000 in loans. In third place, with 8.9%, is First Interstate Bank, having originated $62,065,000 in loans. In fourth place, with 7.5%, is MANN FINANCIAL INC., having originated $52,025,000 in loans. In fifth place, with 6.0%, is Stockman Bank of Montana, having originated $41,495,000 in loans.
Helena, MT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,170 | $426,370,000 | $364,419 |
| Cash Out Refi | 447 | $141,525,000 | $316,611 |
| Home Improvement | 317 | $31,245,000 | $98,565 |
| Refi | 256 | $77,210,000 | $301,602 |
| Other | 141 | $18,565,000 | $131,667 |
Helena's most frequently cited loan purpose was Home Purchase, with 1,170 originations. The 2nd most popular reason was Cash Out Refi, with 447 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 592 | $175,950,000 | $297,213 |
| 4-5% | 580 | $176,490,000 | $304,293 |
| 3-4% | 556 | $193,700,000 | $348,381 |
| 6-7% | 253 | $71,895,000 | $284,170 |
| 2.5-3% | 146 | $39,430,000 | $270,068 |
| 7-8% | 102 | $18,260,000 | $179,020 |
| Over 8% | 41 | $3,225,000 | $78,659 |
| <2.5% | 38 | $10,700,000 | $281,579 |
During 2022, Helena's most frequently originated rate bucket was 5-6%, with 592 originations.
Loan Sizing (Helena, MT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,010 | $299,970,000 | $297,000 |
| $100k-200k | 427 | $62,745,000 | $146,944 |
| $400k-600k | 407 | $191,615,000 | $470,799 |
| $100,000 or less | 373 | $20,885,000 | $55,992 |
| $600k-1000k | 96 | $66,090,000 | $688,438 |
| $Over $1MM | 18 | $53,610,000 | $2,978,333 |
Helena's loan sizing saw the bucket of loans from $200k-400k with 1,010 originations, totaling $299,970,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 638 | $229,580,000 | $359,843 |
| 80-100% | 578 | $235,560,000 | $407,543 |
| 40-60% | 391 | $126,345,000 | $323,133 |
| Under 20% | 345 | $30,775,000 | $89,203 |
| 20-40% | 317 | $52,615,000 | $165,978 |
| Over 100% | 26 | $10,730,000 | $412,692 |
Helena's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 638 originations, totaling $229,580,000 in origination value.