Helena Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Helena averaged
6.81%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
6.93% and
one month ago for the week of 2024-06-13, the
average rate was 6.79%.
Helena's average rate one year ago was 6.8%.
For refis of the same type during the week of 2024-07-18, the average rate
was 7.37%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Helena 30 Year Fixed Rate | 2024-07-18 | 6.81% |
| Helena 30 Year Fixed Rate Refi | 2024-07-18 | 7.37% |
| Helena 15 Year Fixed Rate | 2024-07-18 | 5.95% |
| Helena 15 Year Fixed Rate Refi | 2024-07-18 | 6.05% |
| Helena 30 Year FHA | 2024-07-18 | 5.94% |
| Helena 30 Year FHA Refi | 2024-07-18 | 6.49% |
| Helena 30 Year USDA | 2024-07-18 | 6.63% |
| Helena 30 Year USDA Refi | 2024-07-18 | 6.43% |
| Helena 30 Year VA | 2024-07-18 | 5.91% |
| Helena 30 Year VA Refi | 2024-07-18 | 6.4% |
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 81 lenders originated 1,525
loans during 2023. The total origination value was $414,675,000, with an average loan value of
$271,918.
Helena's average closing costs are $6,046.
The top Helena lender as defined by loan originations is Opportunity Bank of Montana, with
131 loans originated. Their average total fees are
$5,978, which is $1,240
lower than the next largest lender,
Glacier Bank.
The lowest fee Helena lenders (with over 10 loans originated) are
U.S. Bank ($5,387), Opportunity Bank of Montana ($5,978), First Interstate Bank ($6,317), UNITED WHOLESALE MORTGAGE, LLC ($6,765) and MANN FINANCIAL INC. ($7,213).
The lowest rate Helena lenders (with over 10 loans originated) are
First Interstate Bank (6.29%), UNITED WHOLESALE MORTGAGE, LLC (6.31%), GUARANTEED RATE, INC. (6.40%), U.S. Bank (6.49%) and Stockman Bank of Montana (6.63%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Opportunity Bank of Montana | $133,345,000 | $77,255,000 | -42.1% | 18.6% |
| Glacier Bank | $79,370,000 | $49,600,000 | -37.5% | 12.0% |
| MANN FINANCIAL INC. | $52,025,000 | $30,820,000 | -40.8% | 7.4% |
| Stockman Bank of Montana | $41,495,000 | $29,930,000 | -27.9% | 7.2% |
| QUICKEN LOANS, LLC | $30,290,000 | $19,770,000 | -34.7% | 4.8% |
| GUARANTEED RATE, INC. | $24,305,000 | $17,785,000 | -26.8% | 4.3% |
| First Interstate Bank | $62,065,000 | $16,565,000 | -73.3% | 4.0% |
| U.S. Bank | $20,120,000 | $16,000,000 | -20.5% | 3.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $11,995,000 | $15,000,000 | 25.1% | 3.6% |
| Mortgage Research Center, LLC | $8,770,000 | $9,410,000 | 7.3% | 2.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $5,370,000 | $7,220,000 | 34.5% | 1.7% |
| PENNYMAC LOAN SERVICES, LLC | $6,125,000 | $5,065,000 | -17.3% | 1.2% |
| USAA Federal Savings Bank | $7,190,000 | $4,760,000 | -33.8% | 1.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,420,000 | $4,200,000 | 73.6% | 1.0% |
| LOANDEPOT.COM, LLC | $8,030,000 | $4,105,000 | -48.9% | 1.0% |
| Prosperity Home Mortgage, LLC | $3,355,000 | n/a | 0.8% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,350,000 | $3,220,000 | 138.5% | 0.8% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $3,195,000 | n/a | 0.8% | |
| Morgan Stanley Private Bank | $515,000 | $3,165,000 | 514.6% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $5,890,000 | $3,080,000 | -47.7% | 0.7% |
| CRESCENT MORTGAGE COMPANY | $5,980,000 | $3,035,000 | -49.2% | 0.7% |
| CMG MORTGAGE, INC. | $640,000 | $2,915,000 | 355.5% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $2,970,000 | $2,900,000 | -2.4% | 0.7% |
| JPMorgan Chase Bank | $4,840,000 | $2,755,000 | -43.1% | 0.7% |
| CHURCHILL MORTGAGE CORPORATION | $1,215,000 | $2,710,000 | 123.0% | 0.7% |
| Bank of America | $4,555,000 | $2,660,000 | -41.6% | 0.6% |
| Arbor Realty Trust, Inc. | $2,585,000 | n/a | 0.6% | |
| Mr. Cooper ( Nationstar Mortgage ) | $4,865,000 | $2,480,000 | -49.0% | 0.6% |
| Truist | $2,500,000 | $2,170,000 | -13.2% | 0.5% |
| Wells Fargo Bank | $18,445,000 | $2,100,000 | -88.6% | 0.5% |
| First Montana Bank, Inc. | $2,165,000 | $2,050,000 | -5.3% | 0.5% |
| AMCAP MORTGAGE, LTD. | $3,575,000 | $2,025,000 | -43.4% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $8,285,000 | $2,020,000 | -75.6% | 0.5% |
| Citizens Alliance Bank | $2,085,000 | $1,930,000 | -7.4% | 0.5% |
| Ixonia Bank | $635,000 | $1,895,000 | 198.4% | 0.5% |
| Northpointe Bank | $1,750,000 | n/a | 0.4% | |
| NEWREZ LLC | $1,715,000 | $1,700,000 | -0.9% | 0.4% |
| PREMIA MORTGAGE, LLC | $1,870,000 | $1,680,000 | -10.2% | 0.4% |
| BROKER SOLUTIONS, INC. | $4,325,000 | $1,655,000 | -61.7% | 0.4% |
| CARDINAL FINANCIAL | $1,030,000 | $1,575,000 | 52.9% | 0.4% |
| GUILD MORTGAGE COMPANY | $5,940,000 | $1,430,000 | -75.9% | 0.3% |
| PLANET HOME LENDING, LLC | $1,515,000 | $1,395,000 | -7.9% | 0.3% |
| CLEARPATH LENDING | $1,495,000 | $1,335,000 | -10.7% | 0.3% |
| CORNERSTONE HOME LENDING, INC. | $4,535,000 | $1,265,000 | -72.1% | 0.3% |
| Flagstar Bank, FSB | $5,270,000 | $1,240,000 | -76.5% | 0.3% |
| BNC National Bank | $1,120,000 | n/a | 0.3% | |
| TRIAD FINANCIAL SERVICES, INC. | $1,115,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $1,390,000 | $1,105,000 | -20.5% | 0.3% |
| BMO Harris Bank | $1,050,000 | $1,080,000 | 2.9% | 0.3% |
| American Bank Center | $780,000 | $1,020,000 | 30.8% | 0.2% |
| CALCON MUTUAL MORTGAGE LLC | $1,020,000 | n/a | 0.2% | |
| Flanagan State Bank | $1,775,000 | $1,020,000 | -42.5% | 0.2% |
| The Federal Savings Bank | $2,810,000 | $1,015,000 | -63.9% | 0.2% |
| 21ST MORTGAGE CORPORATION | $125,000 | $965,000 | 672.0% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $1,805,000 | $935,000 | -48.2% | 0.2% |
| Carrington Mortgage Services, LLC | $615,000 | $915,000 | 48.8% | 0.2% |
| NEW DAY FINANCIAL, LLC | $980,000 | $875,000 | -10.7% | 0.2% |
| Discover Bank | $590,000 | $845,000 | 43.2% | 0.2% |
| Little Horn State Bank | $815,000 | n/a | 0.2% | |
| AXIA FINANCIAL, LLC | $355,000 | $800,000 | 125.4% | 0.2% |
| FBC MORTGAGE, LLC | $545,000 | $800,000 | 46.8% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,425,000 | $705,000 | -70.9% | 0.2% |
| GoPrime Mortgage, Inc. | $485,000 | $685,000 | 41.2% | 0.2% |
| Montana Federal Credit Union | $140,000 | $660,000 | 371.4% | 0.2% |
| Plains Commerce Bank | $680,000 | $635,000 | -6.6% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $6,735,000 | $615,000 | -90.9% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $605,000 | n/a | 0.1% | |
| WINGS FINANCIAL | $555,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $1,525,000 | $525,000 | -65.6% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $235,000 | $525,000 | 123.4% | 0.1% |
| FIRST COLONY MORTGAGE CORPORATION | $455,000 | $520,000 | 14.3% | 0.1% |
| HORIZON | $110,000 | $500,000 | 354.5% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $485,000 | n/a | 0.1% | |
| NETWORK CAPITAL FUNDING CORPORATION | $670,000 | $465,000 | -30.6% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $455,000 | n/a | 0.1% | |
| Raymond James Bank | $85,000 | $455,000 | 435.3% | 0.1% |
| AMERICAN INTERNET MORTGAGE, INC. | $445,000 | n/a | 0.1% | |
| The Huntington National Bank | $2,545,000 | $425,000 | -83.3% | 0.1% |
| DIRECTORS MORTGAGE, INC. | $680,000 | $415,000 | -39.0% | 0.1% |
| KINECTA | $275,000 | $415,000 | 50.9% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $405,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $1,060,000 | $405,000 | -61.8% | 0.1% |
| Stifel Bank and Trust | $405,000 | n/a | 0.1% | |
| Sunflower Bank | $405,000 | $395,000 | -2.5% | 0.1% |
| SIRVA MORTGAGE, INC. | $375,000 | n/a | 0.1% | |
| Willamette Valley Bank | $810,000 | $375,000 | -53.7% | 0.1% |
| First Western Trust Bank | $365,000 | n/a | 0.1% | |
| PNC Bank | $2,370,000 | $365,000 | -84.6% | 0.1% |
| Ally Bank | $510,000 | $355,000 | -30.4% | 0.1% |
| First-Citizens Bank & Trust Company | $355,000 | n/a | 0.1% | |
| Mid-Continent Funding, Inc. | $355,000 | n/a | 0.1% | |
| CITYWIDE HOME LOANS, LLC | $405,000 | $345,000 | -14.8% | 0.1% |
| NBKC BANK | $650,000 | $325,000 | -50.0% | 0.1% |
| RBC Bank, (Georgia) | $325,000 | n/a | 0.1% | |
| The Central Trust Bank | $315,000 | n/a | 0.1% | |
| MORTGAGE 1 INCORPORATED | $955,000 | $305,000 | -68.1% | 0.1% |
| RESIDENTIAL BANCORP | $305,000 | n/a | 0.1% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $295,000 | n/a | 0.1% | |
| MEGASTAR FINANCIAL CORP. | $295,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $280,000 | $295,000 | 5.4% | 0.1% |
| Ameris Bank | $285,000 | n/a | 0.1% | |
| LENDINGONE, LLC | $285,000 | n/a | 0.1% | |
| WRIGHT-PATT CREDIT UNION, INC. | $285,000 | n/a | 0.1% | |
| Encompass Lending Group, LP | $275,000 | n/a | 0.1% | |
| Citizens Bank Minnesota | $355,000 | $265,000 | -25.4% | 0.1% |
| DIRECT MORTGAGE, CORP. | $425,000 | $255,000 | -40.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,575,000 | $245,000 | -84.4% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $245,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $170,000 | $245,000 | 44.1% | 0.1% |
| Brighton Bank | $205,000 | n/a | 0.0% | |
| Belt Valley Bank | $195,000 | n/a | 0.0% | |
| Figure Lending LLC | $735,000 | $195,000 | -73.5% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $95,000 | $190,000 | 100.0% | 0.0% |
| HIWAY | $175,000 | n/a | 0.0% | |
| AMERICAN UNITED FAMILY OF CREDIT UN | $170,000 | n/a | 0.0% | |
| MOVEMENT MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| Commerce Bank | $135,000 | n/a | 0.0% | |
| MOUNTAIN AMERICA | $85,000 | $135,000 | 58.8% | 0.0% |
| Chicago Mortgage Solutions LLC | $115,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $105,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| BANKWEST, INC. | $515,000 | $55,000 | -89.3% | 0.0% |
| Umpqua Bank | $55,000 | n/a | 0.0% |
Helena's top lender by overall market share is Opportunity Bank of Montana, with 18.6% market share. In second place, with 12.0%, is Glacier Bank, having originated $49,600,000 in loans. In third place, with 7.4%, is MANN FINANCIAL INC., having originated $30,820,000 in loans. In fourth place, with 7.2%, is Stockman Bank of Montana, having originated $29,930,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $19,770,000 in loans.
Helena, MT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 867 | $304,545,000 | $351,263 |
| Home Improvement | 215 | $18,665,000 | $86,814 |
| Cash Out Refi | 174 | $48,000,000 | $275,862 |
| Other | 142 | $13,950,000 | $98,239 |
| Refi | 127 | $29,515,000 | $232,402 |
Helena's most frequently cited loan purpose was Home Purchase, with 867 originations. The 2nd most popular reason was Home Improvement, with 215 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 492 | $173,290,000 | $352,215 |
| Over 8% | 402 | $49,570,000 | $123,308 |
| 7-8% | 356 | $93,330,000 | $262,163 |
| 5-6% | 221 | $78,515,000 | $355,271 |
| 4-5% | 18 | $11,270,000 | $626,111 |
| <2.5% | 9 | $1,425,000 | $158,333 |
| 3-4% | 4 | $730,000 | $182,500 |
| 2.5-3% | 2 | $570,000 | $285,000 |
During 2023, Helena's most frequently originated rate bucket was 6-7%, with 492 originations.
Loan Sizing (Helena, MT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 584 | $175,060,000 | $299,760 |
| $100,000 or less | 338 | $18,190,000 | $53,817 |
| $100k-200k | 278 | $39,540,000 | $142,230 |
| $400k-600k | 248 | $117,200,000 | $472,581 |
| $600k-1000k | 65 | $45,025,000 | $692,692 |
| $Over $1MM | 12 | $19,660,000 | $1,638,333 |
Helena's loan sizing saw the bucket of loans from $200k-400k with 584 originations, totaling $175,060,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 403 | $162,565,000 | $403,387 |
| Under 20% | 339 | $22,325,000 | $65,855 |
| 60-80% | 299 | $110,495,000 | $369,548 |
| 20-40% | 220 | $39,750,000 | $180,682 |
| 40-60% | 216 | $60,560,000 | $280,370 |
| Over 100% | 22 | $11,400,000 | $518,182 |
Helena's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 403 originations, totaling $162,565,000 in origination value.