Montana FHA Loan Rates, Closing Costs & Stats

Montana

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Montana FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Montana averaged 6.31% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Montana's average FHA mortgage closing costs are $9,308.

    The average rate for the prior week (2025-03-28) was 6.31% and one month ago for the week of 2025-02-28, the average rate was 6.29%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.12%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Montana FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Montana level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 179 5.97% $13,706
    Stockman Bank of Montana 177 6.00% $12,469
    QUICKEN LOANS, LLC 119 6.25% $13,350
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 107 6.10% $15,741
    Opportunity Bank of Montana 95 5.87% $9,446
    GUILD MORTGAGE COMPANY 92 6.11% $14,018
    CROSSCOUNTRY MORTGAGE, LLC 77 6.25% $14,252
    GUARANTEED RATE, INC. 57 6.12% $14,403
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 56 6.15% $11,909
    FREEDOM MORTGAGE CORPORATION 54 6.38% $16,562
    Glacier Bank 49 6.23% $11,677
    HOMESIDE FINANCIAL, LLC 42 6.09% $14,734
    PENNYMAC LOAN SERVICES, LLC 31 5.96% $13,032
    Flagstar Bank, FSB 27 6.10% $11,201
    CMG MORTGAGE, INC. 26 6.53% $13,996
    Century Mortgage Company DBA Century Lending Company 24 6.34% $13,441
    LOANDEPOT.COM, LLC 23 6.44% $15,315
    CALCON MUTUAL MORTGAGE LLC 23 5.42% $19,098
    LAKEVIEW LOAN SERVICING, LLC 20 6.35% $10,662
    BROKER SOLUTIONS, INC. 17 6.83% $11,770
    MUTUAL OF OMAHA MORTGAGE, INC. 17 6.51% $17,976
    AMERICAN FINANCING CORPORATION 16 6.04% $16,172
    Paramount Residential Mortgage Group, Inc. 16 6.67% $12,359
    CORNERSTONE HOME LENDING, INC. 16 6.49% $19,859
    Plains Commerce Bank 15 6.08% $15,155
    CHURCHILL MORTGAGE CORPORATION 15 6.19% $17,438
    ENVOY MORTGAGE, LTD 15 6.13% $14,254
    Prosperity Home Mortgage, LLC 14 6.50% $11,887
    S1L, Inc. 14 6.15% $13,086
    Mr. Cooper ( Nationstar Mortgage ) 12 6.41% $15,039
    Ixonia Bank 12 6.02% $12,425
    NEWREZ LLC 12 6.28% $14,171
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.00% $14,811
    Mortgage Research Center, LLC 11 6.66% $7,213
    SECURITYNATIONAL MORTGAGE COMPANY 10 6.74% $12,235
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 6.64% $18,189
    Barrington Bank & Trust Company, N.A. 9 6.42% $15,399
    UNION HOME MORTGAGE CORP. 9 6.44% $13,646
    MID AMERICA MORTGAGE, INC. 9 6.86% $6,119
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 6.52% $14,124
    Equity Prime Mortgage LLC 7 6.41% $13,509
    U.S. Bank 7 6.70% $11,709
    Carrington Mortgage Services, LLC 6 6.02% $16,254
    American Mortgage & Equity Consultants, Inc. 6 6.19% $16,834
    First Interstate Bank 6 5.81% $11,230
    AmeriHome Mortgage Company, LLC 6 6.48% $6,663
    AMERISAVE MORTGAGE CORPORATION 6 6.21% $19,923
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.15% $13,434
    Servion, Inc. 5 6.73% $10,111
    NBKC BANK 4 5.78% $12,266
    First International Bank & Trust 4 6.19% $11,402
    RELIANCE FIRST CAPITAL, LLC 4 6.06% $19,186
    The Federal Savings Bank 4 6.38% $21,953
    AXIA FINANCIAL, LLC 4 7.03% $14,087
    PLANET HOME LENDING, LLC 4 5.22% $7,052
    VILLAGE CAPITAL MORTGAGE 4 6.40% $6,681
    Flanagan State Bank 4 6.53% $16,738
    Nations Lending Corporation 4 6.59% $17,073
    VERITAS FUNDING, LLC 3 5.96% $22,664
    GoPrime Mortgage, Inc. 3 6.75% $18,523
    ZILLOW HOME LOANS, LLC 3 5.96% $12,877
    BAY EQUITY LLC 2 6.19% $13,177
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.13% $8,273
    AMERICAN FINANCIAL NETWORK, INC. 2 6.31% $13,455
    CARDINAL FINANCIAL 2 6.44% $10,023
    Cornerstone First Mortgage, Inc 2 6.49% $15,984
    FIRST COLONY MORTGAGE CORPORATION 2 6.19% $16,710
    HORIZON 2 6.44% $10,007
    MOUNTAIN AMERICA 2 5.81% $11,589
    PLAZA HOME MORTGAGE, INC. 2 6.50% $15,264
    Sierra Pacific Mortgage Company, Inc. 2 6.38% $12,649
    Texana Bank 2 6.13% $14,790
    Willamette Valley Bank 2 5.75% $17,862
    ON Q FINANCIAL, INC. 1 7.25% $7,641
    Old National Bank 1 5.75% $11,942
    OCMBC, INC. 1 5.75% $18,317
    OCEANSIDE MORTGAGE COMPANY 1 6.13% $7,976
    Northpointe Bank 1 7.00% $8,411
    NEW DAY FINANCIAL, LLC 1 7.74% $9,258
    NBH Bank 1 7.13% $13,428
    V.I.P. MORTGAGE, INC. 1 5.50% $24,685
    MORTGAGE 1 INCORPORATED 1 7.63% $10,606
    Summit Mortgage Corporation 1 7.13% $6,990
    Bank of America 1 6.38% $6,352
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.99% $17,590
    The Loan Store, Inc. 1 6.25% $12,858
    TOWNE MORTGAGE COMPANY 1 6.00% $11,743
    Truist 1 6.63% $11,563
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.63% $28,696
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.50% $11,790
    BLACK HILLS FEDERAL CREDIT UNION 1 6.63% $10,877
    BETTER MORTGAGE CORPORATION 1 6.63% $8,813
    PHH Mortgage Corporation 1 6.99% $14,557
    PENTAGON FEDERAL CREDIT UNION 1 6.38% $12,258
    Bank of England 1 6.50% $12,904
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.75% $13,865

    The top Montana FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 179 FHA loans originated. Their average total fees are $13,706, which is $1,237 higher than the next largest lender, Stockman Bank of Montana.

    The lowest fee Montana FHA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,213), Opportunity Bank of Montana ($9,446), LAKEVIEW LOAN SERVICING, LLC ($10,662), Flagstar Bank, FSB ($11,201) and Glacier Bank ($11,677).

    The lowest rate Montana FHA lenders (with over 10 loans originated) are CALCON MUTUAL MORTGAGE LLC (5.42%), Opportunity Bank of Montana (5.87%), PENNYMAC LOAN SERVICES, LLC (5.96%), UNITED WHOLESALE MORTGAGE, LLC (5.97%) and Stockman Bank of Montana (6.00%).

    Montana FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NON-METRO BEAVERHEAD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BIG HORN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BLAINE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BROADWATER 2022 $420,680 $538,650 $651,050 $809,150
    BILLINGS, MT CARBON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CARTER 2022 $420,680 $538,650 $651,050 $809,150
    GREAT FALLS, MT CASCADE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHOUTEAU 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CUSTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DANIELS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DAWSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DEER LODGE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FALLON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FERGUS 2022 $420,680 $538,650 $651,050 $809,150
    KALISPELL, MT FLATHEAD 2022 $441,600 $565,300 $683,350 $849,250
    BOZEMAN, MT GALLATIN 2022 $603,750 $772,900 $934,250 $1,161,050
    NON-METRO GARFIELD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GLACIER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GOLDEN VALLEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GRANITE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HILL 2022 $420,680 $538,650 $651,050 $809,150
    HELENA, MT JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JUDITH BASIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LAKE 2022 $420,680 $538,650 $651,050 $809,150
    HELENA, MT LEWIS AND CLARK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LIBERTY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MCCONE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MADISON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MEAGHER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MINERAL 2022 $420,680 $538,650 $651,050 $809,150
    MISSOULA, MT MISSOULA 2022 $471,500 $603,600 $729,600 $906,750
    NON-METRO MUSSELSHELL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PARK 2022 $460,000 $588,850 $711,800 $884,600
    NON-METRO PETROLEUM 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PHILLIPS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PONDERA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO POWDER RIVER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO POWELL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PRAIRIE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RAVALLI 2022 $422,050 $540,300 $653,100 $811,650
    NON-METRO RICHLAND 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ROOSEVELT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ROSEBUD 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SANDERS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHERIDAN 2022 $420,680 $538,650 $651,050 $809,150
    BUTTE-SILVER BOW, MT SILVER BOW 2022 $420,680 $538,650 $651,050 $809,150
    BILLINGS, MT STILLWATER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SWEET GRASS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TETON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TOOLE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TREASURE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO VALLEY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WHEATLAND 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WIBAUX 2022 $420,680 $538,650 $651,050 $809,150
    BILLINGS, MT YELLOWSTONE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PHILLIPS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PONDERA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BEAVERHEAD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BIG HORN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BLAINE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BROADWATER 2023 $499,100 $638,950 $772,300 $959,800
    BILLINGS, MT CARBON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CARTER 2023 $472,030 $604,400 $730,525 $907,900
    GREAT FALLS, MT CASCADE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHOUTEAU 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CUSTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DANIELS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DAWSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DEER LODGE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FALLON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FERGUS 2023 $472,030 $604,400 $730,525 $907,900
    KALISPELL, MT FLATHEAD 2023 $553,150 $708,150 $855,950 $1,063,750
    BOZEMAN, MT GALLATIN 2023 $703,800 $901,000 $1,089,100 $1,353,500
    NON-METRO GARFIELD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GLACIER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GOLDEN VALLEY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GRANITE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HILL 2023 $472,030 $604,400 $730,525 $907,900
    HELENA, MT JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JUDITH BASIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LAKE 2023 $472,030 $604,400 $730,525 $907,900
    HELENA, MT LEWIS AND CLARK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LIBERTY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MCCONE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MADISON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MEAGHER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MINERAL 2023 $472,030 $604,400 $730,525 $907,900
    MISSOULA, MT MISSOULA 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO MUSSELSHELL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PARK 2023 $539,350 $690,450 $834,600 $1,037,200
    NON-METRO PETROLEUM 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO POWDER RIVER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO POWELL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PRAIRIE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RAVALLI 2023 $504,850 $646,300 $781,200 $970,850
    NON-METRO RICHLAND 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ROOSEVELT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ROSEBUD 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SANDERS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHERIDAN 2023 $472,030 $604,400 $730,525 $907,900
    BUTTE-SILVER BOW, MT SILVER BOW 2023 $472,030 $604,400 $730,525 $907,900
    BILLINGS, MT STILLWATER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SWEET GRASS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TETON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TOOLE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TREASURE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO VALLEY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WHEATLAND 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WIBAUX 2023 $472,030 $604,400 $730,525 $907,900
    BILLINGS, MT YELLOWSTONE 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).