Montana VA Loan Rates, Closing Costs & Stats

Montana

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Montana VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Montana averaged 7.09% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Montana's average VA mortgage closing costs are $6,816.

    The average rate for the prior week (2024-04-12) was 6.92% and one month ago for the week of 2024-03-15, the average rate was 6.78%.

    The average rate one year ago was 6.07%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.82%.

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

    Montana VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 260 6.66% $8,585
    Stockman Bank of Montana 134 6.10% $9,051
    UNITED WHOLESALE MORTGAGE, LLC 95 6.15% $9,949
    QUICKEN LOANS, LLC 90 6.00% $13,905
    Opportunity Bank of Montana 84 5.91% $8,502
    MANN FINANCIAL INC. 66 6.28% $10,168
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 64 6.06% $8,570
    GUARANTEED RATE, INC. 59 6.10% $10,524
    NAVY FEDERAL CREDIT UNION 45 5.68% $7,703
    USAA Federal Savings Bank 45 6.32% $9,660
    CROSSCOUNTRY MORTGAGE, LLC 43 6.70% $11,472
    FREEDOM MORTGAGE CORPORATION 40 6.57% $18,179
    PENNYMAC LOAN SERVICES, LLC 34 5.59% $8,755
    NEW DAY FINANCIAL, LLC 25 7.33% $12,668
    GUILD MORTGAGE COMPANY 23 6.27% $11,928
    The Federal Savings Bank 19 6.51% $19,019
    CORNERSTONE HOME LENDING, INC. 17 6.18% $8,649
    UNIVERSAL LENDING CORPORATION 17 6.24% $11,387
    Barrington Bank & Trust Company, N.A. 16 6.26% $11,263
    Plains Commerce Bank 15 6.02% $11,209
    Glacier Bank 14 6.14% $8,439
    Mr. Cooper ( Nationstar Mortgage ) 14 5.98% $11,963
    LOANDEPOT.COM, LLC 14 5.80% $17,850
    Flagstar Bank, FSB 14 6.39% $7,498
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 7.41% $6,161
    VILLAGE CAPITAL MORTGAGE 9 5.83% $13,771
    Prosperity Home Mortgage, LLC 9 6.01% $8,534
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 6.73% $24,141
    U.S. Bank 8 6.70% $8,606
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.56% $9,125
    Paramount Residential Mortgage Group, Inc. 8 6.61% $9,541
    Century Mortgage Company DBA Century Lending Company 7 6.00% $5,998
    FIRST COLONY MORTGAGE CORPORATION 7 5.86% $4,952
    PENTAGON FEDERAL CREDIT UNION 6 5.52% $8,248
    BROKER SOLUTIONS, INC. 6 6.48% $12,317
    CMG MORTGAGE, INC. 6 6.83% $11,866
    ENVOY MORTGAGE, LTD 6 6.52% $9,509
    AMERISAVE MORTGAGE CORPORATION 6 5.35% $14,860
    MUTUAL OF OMAHA MORTGAGE, INC. 6 6.23% $15,082
    BAY EQUITY LLC 5 5.90% $5,555
    NEWREZ LLC 5 6.10% $17,890
    CHURCHILL MORTGAGE CORPORATION 5 6.45% $9,794
    Magnolia Bank 5 5.80% $23,162
    CALCON MUTUAL MORTGAGE LLC 4 6.91% $7,236
    American Bank Center 4 5.75% $7,307
    CARDINAL FINANCIAL 4 5.97% $11,348
    PLAZA HOME MORTGAGE, INC. 4 6.69% $11,187
    Equity Prime Mortgage LLC 4 7.38% $6,550
    Servion, Inc. 4 6.38% $3,639
    Bank of England 4 6.72% $19,441
    Mid-Continent Funding, Inc. 4 6.90% $6,364
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.56% $10,359
    The Central Trust Bank 3 5.71% $21,899
    GoPrime Mortgage, Inc. 3 7.04% $19,044
    First Interstate Bank 3 5.67% $15,964
    SUN WEST MORTGAGE COMPANY, INC. 3 6.08% $9,529
    AMCAP MORTGAGE, LTD. 3 6.88% $11,758
    SUMMIT FUNDING, INC. 3 6.25% $22,528
    Sierra Pacific Mortgage Company, Inc. 3 6.08% $5,523
    JPMorgan Chase Bank 3 6.21% $6,074
    LAKEVIEW LOAN SERVICING, LLC 3 6.08% $10,146
    AMERICAN FINANCIAL NETWORK, INC. 3 7.17% $10,468
    BNC National Bank 3 5.38% $9,152
    Wells Fargo Bank 3 5.83% $6,873
    MOVEMENT MORTGAGE, LLC 3 7.08% $5,752
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.63% $14,778
    NBKC BANK 3 6.00% $15,513
    ZILLOW HOME LOANS, LLC 2 5.69% $17,241
    AMERICAN FINANCING CORPORATION 2 6.19% $18,756
    AXIA FINANCIAL, LLC 2 6.31% $15,331
    CALIBER HOME LOANS, INC. 2 6.56% $7,216
    CRESCENT MORTGAGE COMPANY 2 6.81% $6,775
    Ixonia Bank 2 6.88% $9,306
    MORTGAGE 1 INCORPORATED 2 6.00% $19,288
    North American Savings Bank, F.S.B. 2 5.38% $10,292
    PLANET HOME LENDING, LLC 2 5.87% $5,459
    PNC Bank 2 6.06% $11,593
    PREMIA MORTGAGE, LLC 2 6.75% $6,935
    RELIANCE FIRST CAPITAL, LLC 2 5.81% $10,998
    The Yellowstone Bank 2 5.06% $7,897
    UNION HOME MORTGAGE CORP. 2 5.94% $6,555
    First International Bank & Trust 1 6.75% $4,025
    MOUNTAIN AMERICA 1 5.75% $8,031
    EVERETT FINANCIAL, INC. 1 5.63% $20,503
    Eagle Bank and Trust Company 1 6.63% $6,936
    Montana Federal Credit Union 1 7.00% $7,176
    Meridian Bank Corporation 1 5.75% $11,709
    MEGASTAR FINANCIAL CORP. 1 7.38% $20,666
    LEADERONE FINANCIAL CORPORATION 1 5.75% $14,343
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.13% $8,120
    INTERCAP LENDING INC. 1 5.99% $14,030
    HORIZON 1 7.13% $4,894
    SOVEREIGN LENDING GROUP INCORPORATED 1 4.88% $23,764
    HOMESIDE FINANCIAL, LLC 1 6.75% $3,268
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $4,280
    GUARANTEED RATE AFFINITY, LLC 1 5.25% $10,738
    F&M Bank 1 5.75% $3,588
    Flanagan State Bank 1 6.63% $7,162
    Armed Forces Bank 1 5.88% $31,247
    TIB The Independent Bankersbank 1 5.50% $1,519
    TOWNE MORTGAGE COMPANY 1 7.25% $4,547
    TRISTAR FINANCE, INC. 1 6.63% $16,604
    Unify Home Lending Inc. 1 6.63% $9,707
    ACADEMY MORTGAGE CORPORATION 1 6.75% $16,063
    First Western Trust Bank 1 7.00% $16,628
    Northpointe Bank 1 6.75% $9,025
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 7.25% $9,540
    NETWORK CAPITAL FUNDING CORPORATION 1 5.50% $10,610
    NBH Bank 1 6.13% $788
    Nations Lending Corporation 1 7.13% $16,210
    NATIONS DIRECT MORTGAGE, LLC 1 6.13% $8,872

    The top Montana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 260 VA loans originated. Their average total fees are $8,585, which is $466 lower than the next largest lender, Stockman Bank of Montana.

    The lowest fee Montana VA lenders (with over 10 loans originated) are MORTGAGE SOLUTIONS OF COLORADO, LLC ($6,161), Flagstar Bank, FSB ($7,498), NAVY FEDERAL CREDIT UNION ($7,703), Glacier Bank ($8,439) and Opportunity Bank of Montana ($8,502).

    The lowest rate Montana VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.59%), NAVY FEDERAL CREDIT UNION (5.68%), LOANDEPOT.COM, LLC (5.80%), Opportunity Bank of Montana (5.91%) and Mr. Cooper ( Nationstar Mortgage ) (5.98%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.