Montana VA Loan Rates, Closing Costs & Stats

Montana

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    • 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 6.14% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Montana's average VA mortgage closing costs are $7,080.

    The average rate for the prior week (2025-03-28) was 6.56% and one month ago for the week of 2025-02-28, the average rate was 6.44%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.05%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 369 6.30% $7,664
    UNITED WHOLESALE MORTGAGE, LLC 196 5.97% $8,503
    Stockman Bank of Montana 143 6.04% $7,930
    FREEDOM MORTGAGE CORPORATION 105 6.12% $10,134
    QUICKEN LOANS, LLC 98 6.05% $14,937
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 67 6.13% $12,201
    Opportunity Bank of Montana 66 5.84% $8,464
    CROSSCOUNTRY MORTGAGE, LLC 62 6.25% $8,092
    PENNYMAC LOAN SERVICES, LLC 55 5.61% $10,823
    USAA Federal Savings Bank 52 6.25% $9,528
    GUARANTEED RATE, INC. 46 5.97% $6,706
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 44 5.89% $10,094
    NEW DAY FINANCIAL, LLC 40 7.50% $16,423
    NAVY FEDERAL CREDIT UNION 34 5.88% $6,646
    LAKEVIEW LOAN SERVICING, LLC 29 5.88% $6,430
    NEWREZ LLC 29 5.89% $8,633
    Glacier Bank 27 6.17% $9,335
    GUILD MORTGAGE COMPANY 26 6.01% $12,769
    LOANDEPOT.COM, LLC 24 5.74% $14,761
    HOMESIDE FINANCIAL, LLC 23 6.11% $13,192
    VILLAGE CAPITAL MORTGAGE 21 5.47% $6,312
    Century Mortgage Company DBA Century Lending Company 21 6.04% $7,329
    The Federal Savings Bank 19 6.47% $15,820
    Plains Commerce Bank 19 6.05% $11,277
    CMG MORTGAGE, INC. 19 6.16% $9,753
    PLANET HOME LENDING, LLC 18 5.94% $3,796
    MORTGAGE SOLUTIONS OF COLORADO, LLC 17 6.96% $4,434
    ENVOY MORTGAGE, LTD 16 6.41% $7,948
    CLEARPATH LENDING 15 5.73% $6,929
    S1L, Inc. 14 6.04% $15,830
    Barrington Bank & Trust Company, N.A. 14 6.23% $7,338
    Flagstar Bank, FSB 14 5.87% $10,357
    PRIMELENDING, A PLAINSCAPITAL COMPANY 12 6.07% $6,672
    CHURCHILL MORTGAGE CORPORATION 11 5.73% $17,086
    MUTUAL OF OMAHA MORTGAGE, INC. 11 6.18% $15,359
    Mr. Cooper ( Nationstar Mortgage ) 11 6.07% $15,231
    U.S. Bank 11 6.17% $10,402
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 5.86% $10,106
    UNION HOME MORTGAGE CORP. 10 6.11% $12,540
    CORNERSTONE HOME LENDING, INC. 10 5.85% $11,237
    BROKER SOLUTIONS, INC. 10 6.66% $13,301
    First Federal Bank 9 5.71% $9,803
    Equity Prime Mortgage LLC 9 6.51% $6,392
    Carrington Mortgage Services, LLC 8 6.03% $12,426
    NBKC BANK 7 5.94% $5,397
    Prosperity Home Mortgage, LLC 7 6.46% $9,445
    The Loan Store, Inc. 7 5.79% $9,537
    Magnolia Bank 7 5.75% $21,009
    CALCON MUTUAL MORTGAGE LLC 6 6.15% $8,002
    AXIA FINANCIAL, LLC 5 6.03% $12,450
    Paramount Residential Mortgage Group, Inc. 5 6.08% $11,232
    VERITAS FUNDING, LLC 5 6.25% $16,424
    MOVEMENT MORTGAGE, LLC 5 6.43% $9,775
    PLAZA HOME MORTGAGE, INC. 4 5.97% $8,654
    Servion, Inc. 4 6.66% $8,675
    Wells Fargo Bank 4 5.88% $6,878
    Mid-Continent Funding, Inc. 4 6.03% $2,540
    Armed Forces Bank 4 5.81% $13,315
    PHH Mortgage Corporation 4 5.72% $9,978
    American Mortgage & Equity Consultants, Inc. 4 6.44% $31,674
    PENTAGON FEDERAL CREDIT UNION 4 5.81% $11,615
    AMERICAN FINANCING CORPORATION 3 5.75% $14,626
    First Western Trust Bank 3 6.17% $1,254
    Ixonia Bank 3 6.46% $13,721
    MOUNTAIN AMERICA 3 5.58% $4,104
    AMERISAVE MORTGAGE CORPORATION 3 5.75% $14,484
    SUN WEST MORTGAGE COMPANY, INC. 3 6.25% $16,164
    Sierra Pacific Mortgage Company, Inc. 3 5.79% $8,328
    AmeriHome Mortgage Company, LLC 3 5.96% $4,602
    Nations Lending Corporation 2 6.56% $14,493
    AMERICAN FINANCIAL RESOURCES, INC. 2 5.25% $6,101
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $15,499
    PARK SIDE FINANCIAL 2 5.13% $16,667
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.44% $6,120
    AMERICAN FINANCIAL NETWORK, INC. 2 6.63% $13,375
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.44% $3,523
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 5.43% $24,188
    CANOPY MORTGAGE, LLC 2 6.44% $17,105
    TOWNE MORTGAGE COMPANY 2 7.19% $5,683
    First Interstate Bank 2 5.63% $8,021
    MORTGAGE 1 INCORPORATED 2 6.56% $13,978
    Cornerstone First Mortgage, Inc 2 6.19% $5,684
    BAY EQUITY LLC 2 6.37% $4,051
    ZILLOW HOME LOANS, LLC 1 6.63% $8,217
    BLACK HILLS FEDERAL CREDIT UNION 1 6.12% $9,154
    BOKF 1 5.38% $67,130
    CARDINAL FINANCIAL 1 6.75% $38,209
    Citibank 1 6.75% $6,298
    CLEARWATER Federal Credit Union 1 6.50% $12,699
    Farmers Bank & Trust 1 6.25% $8,355
    FCB Banks 1 6.25% $4,812
    FIDELITY BANK 1 6.63% $13,098
    FIRST COLONY MORTGAGE CORPORATION 1 5.88% $2,940
    FIRST COMMUNITY MORTGAGE, INC. 1 5.99% $14,581
    Flanagan State Bank 1 6.25% $7,104
    FLAT BRANCH MORTGAGE, INC. 1 5.13% $14,139
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $39,757
    GoPrime Mortgage, Inc. 1 6.75% $20,591
    GREENSTATE CREDIT UNION 1 6.25% $4,825
    GUARANTEED RATE AFFINITY, LLC 1 7.00% $1,518
    IDAHO CENTRAL 1 6.50% $6,420
    JPMorgan Chase Bank 1 4.75% $10,895
    MEGASTAR FINANCIAL CORP. 1 6.50% $11,498
    MORTGAGEONE, INC. 1 5.25% $708
    NBH Bank 1 5.63% $7,111
    Network Funding, L.P. 1 6.13% $3,937
    NFM, INC. 1 6.88% $8,618
    North American Savings Bank, F.S.B. 1 5.75% $5,557
    Northpointe Bank 1 5.38% $1,288
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.75% $7,117
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.50% $4,575
    PREMIA MORTGAGE, LLC 1 6.00% $7,717
    Presidential Bank, FSB 1 6.75% $11,901
    SeaTrust Mortgage Company 1 6.13% $8,525
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $16,773
    Texana Bank 1 6.25% $11,216
    The Huntington National Bank 1 6.63% $7,905
    Truist 1 6.25% $15,263
    V.I.P. MORTGAGE, INC. 1 6.25% $39,881

    The top Montana VA lender as defined by loan originations is Mortgage Research Center, LLC, with 369 VA loans originated. Their average total fees are $7,664, which is $839 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Montana VA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC ($3,796), MORTGAGE SOLUTIONS OF COLORADO, LLC ($4,434), VILLAGE CAPITAL MORTGAGE ($6,312), LAKEVIEW LOAN SERVICING, LLC ($6,430) and NAVY FEDERAL CREDIT UNION ($6,646).

    The lowest rate Montana VA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (5.47%), PENNYMAC LOAN SERVICES, LLC (5.61%), CHURCHILL MORTGAGE CORPORATION (5.73%), CLEARPATH LENDING (5.73%) and LOANDEPOT.COM, LLC (5.74%).

    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.