Montana Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Montana averaged
6.65%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.64% and
one month ago for the week of 2024-11-07, the
average rate was 6.94%.
Montana's average rate one year ago was 6.88%.
For refis of the same type during the week of 2024-12-12, the average rate
was 7.27%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
| Montana 30 Year Fixed Rate | 2024-12-12 | 6.65% |
| Montana 30 Year Fixed Rate Refi | 2024-12-12 | 7.27% |
| Montana 15 Year Fixed Rate | 2024-12-12 | 6.68% |
| Montana 15 Year Fixed Rate Refi | 2024-12-12 | 7.31% |
| Montana 30 Year FHA | 2024-12-12 | 6.06% |
| Montana 30 Year FHA Refi | 2024-12-12 | 6.18% |
| Montana 30 Year USDA | 2024-12-12 | 5.72% |
| Montana 30 Year USDA Refi | 2024-12-12 | 6.1% |
| Montana 30 Year VA | 2024-12-12 | 5.98% |
| Montana 30 Year VA Refi | 2024-12-12 | 5.98% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Montana.
Montana 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 Montana 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.).
Montana Average Closing Costs & Other Stats
Montana's 257 lenders originated 17,470
loans during 2023. The total origination value was $6,117,960,000, with an average loan value of
$350,198.
Montana's average closing costs are $5,998.
The top Montana lender as defined by loan originations is Stockman Bank of Montana, with
674 loans originated. Their average total fees are
$6,781, which is $192
higher than the next largest lender,
Opportunity Bank of Montana.
The lowest fee Montana lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($558), PARK SIDE FINANCIAL ($2,478), Stifel Bank and Trust ($3,679), NBKC BANK ($4,612) and VALLEY FINANCIAL CREDIT UNION ($4,626).
The lowest rate Montana lenders (with over 10 loans originated) are
Citibank (5.38%), Morgan Stanley Private Bank (5.73%), Charles Schwab Bank, SSB (5.78%), Stifel Bank and Trust (5.91%) and UBS Bank USA (6.05%).
Montana 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 |
|---|---|---|---|---|
| Glacier Bank | $1,106,335,000 | $551,620,000 | -50.1% | 9.0% |
| Stockman Bank of Montana | $710,430,000 | $497,360,000 | -30.0% | 8.1% |
| Opportunity Bank of Montana | $647,335,000 | $410,435,000 | -36.6% | 6.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $326,945,000 | $281,790,000 | -13.8% | 4.6% |
| QUICKEN LOANS, LLC | $383,240,000 | $254,175,000 | -33.7% | 4.2% |
| MANN FINANCIAL INC. | $309,955,000 | $199,100,000 | -35.8% | 3.3% |
| U.S. Bank | $324,930,000 | $190,860,000 | -41.3% | 3.1% |
| First Interstate Bank | $619,265,000 | $188,645,000 | -69.5% | 3.1% |
| GUARANTEED RATE, INC. | $175,890,000 | $179,990,000 | 2.3% | 2.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $113,445,000 | $176,105,000 | 55.2% | 2.9% |
| JPMorgan Chase Bank | $326,890,000 | $151,345,000 | -53.7% | 2.5% |
| Citibank | $108,790,000 | $143,500,000 | 31.9% | 2.3% |
| Mortgage Research Center, LLC | $116,915,000 | $97,560,000 | -16.6% | 1.6% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $83,095,000 | $95,910,000 | 15.4% | 1.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $126,070,000 | $94,435,000 | -25.1% | 1.5% |
| GUILD MORTGAGE COMPANY | $111,080,000 | $82,275,000 | -25.9% | 1.3% |
| Morgan Stanley Private Bank | $117,700,000 | $82,190,000 | -30.2% | 1.3% |
| CORNERSTONE HOME LENDING, INC. | $138,360,000 | $74,600,000 | -46.1% | 1.2% |
| Bank of America | $201,830,000 | $66,640,000 | -67.0% | 1.1% |
| Wells Fargo Bank | $255,240,000 | $61,720,000 | -75.8% | 1.0% |
| First Republic Bank | $429,335,000 | $53,960,000 | -87.4% | 0.9% |
| TrailWest Bank | $59,925,000 | $51,920,000 | -13.4% | 0.8% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $65,060,000 | $51,905,000 | -20.2% | 0.8% |
| The Yellowstone Bank | $97,745,000 | $50,340,000 | -48.5% | 0.8% |
| UNIVERSAL LENDING CORPORATION | $53,895,000 | $45,125,000 | -16.3% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $68,435,000 | $44,470,000 | -35.0% | 0.7% |
| UBS Bank USA | $65,400,000 | $44,230,000 | -32.4% | 0.7% |
| Flagstar Bank, FSB | $134,145,000 | $43,785,000 | -67.4% | 0.7% |
| Century Mortgage Company DBA Century Lending Company | $15,545,000 | $42,810,000 | 175.4% | 0.7% |
| CLEARWATER Federal Credit Union | $68,980,000 | $41,855,000 | -39.3% | 0.7% |
| GREYSTONE SERVICING COMPANY LLC | $50,665,000 | $40,295,000 | -20.5% | 0.7% |
| CMG MORTGAGE, INC. | $36,950,000 | $38,820,000 | 5.1% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $54,225,000 | $37,045,000 | -31.7% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $41,260,000 | $36,660,000 | -11.1% | 0.6% |
| Plains Commerce Bank | $42,450,000 | $33,155,000 | -21.9% | 0.5% |
| GoPrime Mortgage, Inc. | $59,590,000 | $31,430,000 | -47.3% | 0.5% |
| USAA Federal Savings Bank | $43,135,000 | $29,285,000 | -32.1% | 0.5% |
| American Bank Center | $47,975,000 | $28,765,000 | -40.0% | 0.5% |
| Prosperity Home Mortgage, LLC | $1,585,000 | $28,260,000 | 1,683.0% | 0.5% |
| WALKER & DUNLOP, LLC | $8,135,000 | $26,080,000 | 220.6% | 0.4% |
| LOANDEPOT.COM, LLC | $103,515,000 | $25,645,000 | -75.2% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $47,575,000 | $25,415,000 | -46.6% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $77,100,000 | $24,575,000 | -68.1% | 0.4% |
| First Montana Bank, Inc. | $19,110,000 | $24,465,000 | 28.0% | 0.4% |
| Stifel Bank and Trust | $23,130,000 | $24,450,000 | 5.7% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $22,290,000 | $24,040,000 | 7.9% | 0.4% |
| VALLEY FINANCIAL CREDIT UNION | $17,170,000 | $23,825,000 | 38.8% | 0.4% |
| CALCON MUTUAL MORTGAGE LLC | $935,000 | $23,555,000 | 2,419.3% | 0.4% |
| First-Citizens Bank & Trust Company | $23,045,000 | n/a | 0.4% | |
| PNC Bank | $46,035,000 | $22,605,000 | -50.9% | 0.4% |
| BAY EQUITY LLC | $113,085,000 | $22,370,000 | -80.2% | 0.4% |
| BMO Harris Bank | $39,965,000 | $21,635,000 | -45.9% | 0.4% |
| FIRST COLONY MORTGAGE CORPORATION | $7,395,000 | $20,245,000 | 173.8% | 0.3% |
| Servion, Inc. | $27,550,000 | $19,935,000 | -27.6% | 0.3% |
| ENVOY MORTGAGE, LTD | $25,915,000 | $19,755,000 | -23.8% | 0.3% |
| CBRE MULTIFAMILY CAPITAL, INC. | $9,335,000 | $19,365,000 | 107.4% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $41,755,000 | $18,490,000 | -55.7% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $68,865,000 | $18,450,000 | -73.2% | 0.3% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $18,175,000 | $18,200,000 | 0.1% | 0.3% |
| Charles Schwab Bank, SSB | $48,880,000 | $16,940,000 | -65.3% | 0.3% |
| Little Horn State Bank | $16,810,000 | n/a | 0.3% | |
| Prudential Huntoon Paige Associates, LLC | $16,145,000 | n/a | 0.3% | |
| Citizens Alliance Bank | $16,240,000 | $15,745,000 | -3.0% | 0.3% |
| The Huntington National Bank | $53,785,000 | $15,325,000 | -71.5% | 0.3% |
| Flanagan State Bank | $24,225,000 | $15,190,000 | -37.3% | 0.2% |
| BROKER SOLUTIONS, INC. | $36,920,000 | $14,195,000 | -61.6% | 0.2% |
| HomeStreet Bank | $14,180,000 | n/a | 0.2% | |
| Altana Federal Credit Union | $38,900,000 | $14,145,000 | -63.6% | 0.2% |
| NEWREZ LLC | $19,240,000 | $14,100,000 | -26.7% | 0.2% |
| Montana Federal Credit Union | $14,795,000 | $13,030,000 | -11.9% | 0.2% |
| City National Bank | $36,775,000 | $12,600,000 | -65.7% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $5,705,000 | $12,575,000 | 120.4% | 0.2% |
| HORIZON | $15,830,000 | $11,790,000 | -25.5% | 0.2% |
| MOUNTAIN AMERICA | $39,840,000 | $11,380,000 | -71.4% | 0.2% |
| The Federal Savings Bank | $22,095,000 | $10,745,000 | -51.4% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $6,635,000 | $10,615,000 | 60.0% | 0.2% |
| Raymond James Bank | $22,220,000 | $10,600,000 | -52.3% | 0.2% |
| Ixonia Bank | $4,515,000 | $10,330,000 | 128.8% | 0.2% |
| FINANCE OF AMERICA REVERSE LLC | $10,905,000 | $10,205,000 | -6.4% | 0.2% |
| 21ST MORTGAGE CORPORATION | $7,100,000 | $10,110,000 | 42.4% | 0.2% |
| Goldman Sachs Bank USA | $21,610,000 | $10,110,000 | -53.2% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $38,850,000 | $9,945,000 | -74.4% | 0.2% |
| Wintrust Bank, N.A. | $9,905,000 | n/a | 0.2% | |
| BNY Mellon | $19,485,000 | $9,510,000 | -51.2% | 0.2% |
| NEW DAY FINANCIAL, LLC | $21,145,000 | $9,420,000 | -55.5% | 0.2% |
| Origin Bank | $585,000 | $8,505,000 | 1,353.8% | 0.1% |
| Discover Bank | $7,615,000 | $8,335,000 | 9.5% | 0.1% |
| Belt Valley Bank | $8,135,000 | n/a | 0.1% | |
| CIBC Bank USA | $9,775,000 | $8,010,000 | -18.1% | 0.1% |
| PARK SIDE FINANCIAL | $59,820,000 | $7,790,000 | -87.0% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $2,470,000 | $7,555,000 | 205.9% | 0.1% |
| Pinnacle Bank | $3,015,000 | $7,530,000 | 149.8% | 0.1% |
| Northpointe Bank | $8,205,000 | $7,385,000 | -10.0% | 0.1% |
| NBKC BANK | $10,575,000 | $7,305,000 | -30.9% | 0.1% |
| CRESCENT MORTGAGE COMPANY | $19,860,000 | $7,200,000 | -63.7% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $13,335,000 | $7,140,000 | -46.5% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $425,000 | $6,940,000 | 1,532.9% | 0.1% |
| CARDINAL FINANCIAL | $14,570,000 | $6,775,000 | -53.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $29,665,000 | $6,660,000 | -77.5% | 0.1% |
| The Central Trust Bank | $4,960,000 | $6,530,000 | 31.7% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $12,385,000 | $6,490,000 | -47.6% | 0.1% |
| Unify Home Lending Inc. | $12,185,000 | $6,445,000 | -47.1% | 0.1% |
| Truist | $23,675,000 | $6,275,000 | -73.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $22,850,000 | $6,250,000 | -72.6% | 0.1% |
| BETTER MORTGAGE CORPORATION | $23,810,000 | $6,115,000 | -74.3% | 0.1% |
| Bank of England | $9,245,000 | $6,070,000 | -34.3% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $6,750,000 | $6,040,000 | -10.5% | 0.1% |
| BILLINGS | $26,080,000 | $5,890,000 | -77.4% | 0.1% |
| Figure Lending LLC | $5,175,000 | $5,830,000 | 12.7% | 0.1% |
| Commerce Home Mortgage, Inc. | $3,790,000 | $5,820,000 | 53.6% | 0.1% |
| MORTGAGE 1 INCORPORATED | $4,040,000 | $5,790,000 | 43.3% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $18,325,000 | $5,685,000 | -69.0% | 0.1% |
| Carrington Mortgage Services, LLC | $10,920,000 | $5,535,000 | -49.3% | 0.1% |
| NEXERA HOLDING LLC | $1,925,000 | $5,275,000 | 174.0% | 0.1% |
| Farmers State Bank | $355,000 | $5,105,000 | 1,338.0% | 0.1% |
| PLANET HOME LENDING, LLC | $8,705,000 | $5,100,000 | -41.4% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $2,145,000 | $5,065,000 | 136.1% | 0.1% |
| Alerus Financial | $5,005,000 | n/a | 0.1% | |
| AMCAP MORTGAGE, LTD. | $4,940,000 | $5,000,000 | 1.2% | 0.1% |
| CHERRY CREEK MORTGAGE, LLC | $27,265,000 | $4,930,000 | -81.9% | 0.1% |
| Northwest Farm Credit Services, FLCA | $16,210,000 | $4,865,000 | -70.0% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $2,880,000 | $4,840,000 | 68.1% | 0.1% |
| V.I.P. MORTGAGE, INC. | $1,175,000 | $4,795,000 | 308.1% | 0.1% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $1,235,000 | $4,755,000 | 285.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $9,750,000 | $4,675,000 | -52.1% | 0.1% |
| First Bank & Trust | $2,250,000 | $4,605,000 | 104.7% | 0.1% |
| Equity Prime Mortgage LLC | $3,145,000 | $4,570,000 | 45.3% | 0.1% |
| First Savings Bank | $1,965,000 | $4,550,000 | 131.6% | 0.1% |
| Bank of Bridger | $10,615,000 | $4,120,000 | -61.2% | 0.1% |
| PREMIA MORTGAGE, LLC | $6,390,000 | $4,095,000 | -35.9% | 0.1% |
| Ally Bank | $26,835,000 | $3,990,000 | -85.1% | 0.1% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $3,905,000 | n/a | 0.1% | |
| Arbor Realty Trust, Inc. | $3,840,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $3,200,000 | $3,795,000 | 18.6% | 0.1% |
| CLEARPATH LENDING | $5,420,000 | $3,730,000 | -31.2% | 0.1% |
| EVERGREEN MONEYSOURCE MORTGAGE COMPANY | $6,760,000 | $3,545,000 | -47.6% | 0.1% |
| AXIA FINANCIAL, LLC | $3,215,000 | $3,535,000 | 10.0% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $3,545,000 | $3,385,000 | -4.5% | 0.1% |
| Town Bank, N.A. | $3,380,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $42,050,000 | $3,325,000 | -92.1% | 0.1% |
| First International Bank & Trust | $2,140,000 | $3,320,000 | 55.1% | 0.1% |
| UNION HOME MORTGAGE CORP. | $555,000 | $3,295,000 | 493.7% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $6,060,000 | $3,245,000 | -46.5% | 0.1% |
| OCMBC, INC. | $1,010,000 | $3,190,000 | 215.8% | 0.1% |
| RBC Bank, (Georgia) | $1,425,000 | $3,140,000 | 120.4% | 0.1% |
| BNC National Bank | $5,025,000 | $3,100,000 | -38.3% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $8,160,000 | $3,095,000 | -62.1% | 0.1% |
| Vista Bank | $3,005,000 | $3,095,000 | 3.0% | 0.1% |
| Washington Trust Bank | $1,980,000 | $2,980,000 | 50.5% | 0.0% |
| Willamette Valley Bank | $6,365,000 | $2,975,000 | -53.3% | 0.0% |
| The First National Bank of Middle Tennessee | $2,955,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $1,500,000 | $2,925,000 | 95.0% | 0.0% |
| Bell Bank | $5,745,000 | $2,875,000 | -50.0% | 0.0% |
| PHH Mortgage Corporation | $15,240,000 | $2,860,000 | -81.2% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $495,000 | $2,840,000 | 473.7% | 0.0% |
| Citadel Servicing Corporation | $2,145,000 | $2,820,000 | 31.5% | 0.0% |
| First Horizon Bank | $2,290,000 | $2,815,000 | 22.9% | 0.0% |
| RUSSELL COUNTRY FCU | $2,805,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $4,815,000 | $2,800,000 | -41.8% | 0.0% |
| BANKWEST, INC. | $3,205,000 | $2,780,000 | -13.3% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,765,000 | n/a | 0.0% | |
| St Charles Bank & Trust | $2,900,000 | $2,730,000 | -5.9% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $2,685,000 | n/a | 0.0% | |
| Midwest Bank | $3,050,000 | $2,660,000 | -12.8% | 0.0% |
| Zions Bank | $14,690,000 | $2,655,000 | -81.9% | 0.0% |
| North American Savings Bank, F.S.B. | $14,100,000 | $2,610,000 | -81.5% | 0.0% |
| TOWNE MORTGAGE COMPANY | $1,100,000 | $2,540,000 | 130.9% | 0.0% |
| West Gate Bank | $815,000 | $2,520,000 | 209.2% | 0.0% |
| The Bank of Commerce | $7,275,000 | $2,490,000 | -65.8% | 0.0% |
| GENEVA FINANCIAL, LLC | $1,705,000 | $2,460,000 | 44.3% | 0.0% |
| Beverly Bank & Trust | $680,000 | $2,390,000 | 251.5% | 0.0% |
| Renasant Bank | $13,965,000 | $2,365,000 | -83.1% | 0.0% |
| Merchants Bank | $3,355,000 | $2,355,000 | -29.8% | 0.0% |
| LENDSURE MORTGAGE CORP. | $6,765,000 | $2,320,000 | -65.7% | 0.0% |
| First Federal Bank | $315,000 | $2,310,000 | 633.3% | 0.0% |
| Mechanics Bank | $2,295,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $1,335,000 | $2,275,000 | 70.4% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $5,735,000 | $2,275,000 | -60.3% | 0.0% |
| Truity Federal Credit Union | $155,000 | $2,260,000 | 1,358.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $4,405,000 | $2,175,000 | -50.6% | 0.0% |
| Gate City Bank | $1,185,000 | $2,140,000 | 80.6% | 0.0% |
| LIMA ONE CAPITAL, LLC | $3,735,000 | $2,075,000 | -44.4% | 0.0% |
| Magnolia Bank | $4,950,000 | $2,065,000 | -58.3% | 0.0% |
| Quontic Bank | $820,000 | $2,060,000 | 151.2% | 0.0% |
| IDAHO CENTRAL | $3,745,000 | $2,045,000 | -45.4% | 0.0% |
| EMBRACE HOME LOANS, INC. | $195,000 | $2,025,000 | 938.5% | 0.0% |
| Fidelity Bank | $1,840,000 | $2,005,000 | 9.0% | 0.0% |
| International Bank of Commerce | $2,005,000 | n/a | 0.0% | |
| NP, Inc. | $2,005,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $5,385,000 | $1,980,000 | -63.2% | 0.0% |
| Nations Lending Corporation | $8,875,000 | $1,960,000 | -77.9% | 0.0% |
| ALLIANT CREDIT UNION | $2,195,000 | $1,930,000 | -12.1% | 0.0% |
| BLUE SKY BANK | $1,915,000 | n/a | 0.0% | |
| Citizens Bank | $11,540,000 | $1,885,000 | -83.7% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $6,325,000 | $1,870,000 | -70.4% | 0.0% |
| AmeriHome Mortgage Company, LLC | $1,490,000 | $1,860,000 | 24.8% | 0.0% |
| The Northern Trust Company | $12,320,000 | $1,825,000 | -85.2% | 0.0% |
| ADVANCIAL | $4,100,000 | $1,775,000 | -56.7% | 0.0% |
| Farmers Bank & Trust | $555,000 | $1,770,000 | 218.9% | 0.0% |
| First Western Trust Bank | $14,530,000 | $1,760,000 | -87.9% | 0.0% |
| Johnson Bank | $1,755,000 | n/a | 0.0% | |
| TENNESSEE VALLEY | $1,745,000 | n/a | 0.0% | |
| 1ST LIBERTY FCU | $1,725,000 | n/a | 0.0% | |
| Christian Community Credit Union | $85,000 | $1,705,000 | 1,905.9% | 0.0% |
| TrustCo Bank | $1,705,000 | n/a | 0.0% | |
| M&T Bank | $5,425,000 | $1,700,000 | -68.7% | 0.0% |
| Gateway First Bank | $2,955,000 | $1,685,000 | -43.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $3,660,000 | $1,685,000 | -54.0% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,860,000 | $1,675,000 | -9.9% | 0.0% |
| Dollar Bank, Federal Savings Bank | $1,615,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $6,730,000 | $1,610,000 | -76.1% | 0.0% |
| Firefighters First Federal Credit Union | $1,930,000 | $1,565,000 | -18.9% | 0.0% |
| Armed Forces Bank | $1,650,000 | $1,550,000 | -6.1% | 0.0% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $1,540,000 | n/a | 0.0% | |
| Hiawatha National Bank | $1,535,000 | n/a | 0.0% | |
| MidFirst Bank | $6,420,000 | $1,505,000 | -76.6% | 0.0% |
| SUMMIT FUNDING, INC. | $1,275,000 | $1,470,000 | 15.3% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $2,005,000 | $1,455,000 | -27.4% | 0.0% |
| Umpqua Bank | $7,415,000 | $1,430,000 | -80.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $505,000 | $1,400,000 | 177.2% | 0.0% |
| MEGASTAR FINANCIAL CORP. | $1,930,000 | $1,395,000 | -27.7% | 0.0% |
| Assurance Financial Group, L.L.C. | $405,000 | $1,385,000 | 242.0% | 0.0% |
| Great Southern Bank | $1,360,000 | $1,360,000 | 0.0% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $1,645,000 | $1,325,000 | -19.5% | 0.0% |
| TIB The Independent Bankersbank | $2,275,000 | $1,305,000 | -42.6% | 0.0% |
| BLACK HILLS FEDERAL CREDIT UNION | $175,000 | $1,265,000 | 622.9% | 0.0% |
| NBH Bank | $2,890,000 | $1,250,000 | -56.7% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $670,000 | $1,215,000 | 81.3% | 0.0% |
| ARC HOME LLC | $1,210,000 | n/a | 0.0% | |
| North Shore Bank of Commerce | $1,205,000 | n/a | 0.0% | |
| The Park National Bank | $1,205,000 | n/a | 0.0% | |
| KINECTA | $725,000 | $1,185,000 | 63.4% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,160,000 | n/a | 0.0% | |
| ENCORE BANK | $1,150,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $6,140,000 | $1,130,000 | -81.6% | 0.0% |
| GTE Federal Credit Union | $770,000 | $1,120,000 | 45.5% | 0.0% |
| A&D Mortgage LLC | $335,000 | $1,110,000 | 231.3% | 0.0% |
| THRIVENT Federal Credit Union | $35,000 | $1,105,000 | 3,057.1% | 0.0% |
| Mid-Continent Funding, Inc. | $1,825,000 | $1,100,000 | -39.7% | 0.0% |
| SIRVA MORTGAGE, INC. | $1,355,000 | $1,090,000 | -19.6% | 0.0% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $8,335,000 | $1,085,000 | -87.0% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $1,850,000 | $1,080,000 | -41.6% | 0.0% |
| FineMark National Bank & Trust | $1,075,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $820,000 | $1,070,000 | 30.5% | 0.0% |
| Arvest Bank | $4,510,000 | $1,040,000 | -76.9% | 0.0% |
| CITYWIDE HOME LOANS, LLC | $1,315,000 | $1,040,000 | -20.9% | 0.0% |
| F&A Federal Credit Union | $1,030,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,390,000 | $1,030,000 | -25.9% | 0.0% |
| KeyBank | $28,905,000 | $1,015,000 | -96.5% | 0.0% |
| PEOPLES STATE BANK | $1,005,000 | n/a | 0.0% | |
| Kirkwood Bank & Trust Co. | $990,000 | n/a | 0.0% | |
| American Heritage National Bank | $985,000 | n/a | 0.0% | |
| Better Banks | $975,000 | n/a | 0.0% | |
| BOKF | $6,890,000 | $965,000 | -86.0% | 0.0% |
| EVANSVILLE TEACHERS | $2,070,000 | $965,000 | -53.4% | 0.0% |
| Sunflower Bank | $4,545,000 | $965,000 | -78.8% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $9,120,000 | $960,000 | -89.5% | 0.0% |
| NexBank | $1,625,000 | $955,000 | -41.2% | 0.0% |
| Libertyville Bank & Trust | $2,410,000 | $935,000 | -61.2% | 0.0% |
| Unity Bank | $900,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $520,000 | $890,000 | 71.2% | 0.0% |
| BankFirst Financial Services | $885,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $4,445,000 | $875,000 | -80.3% | 0.0% |
| OPEN MORTGAGE, LLC | $1,340,000 | $875,000 | -34.7% | 0.0% |
| Eagle Bank and Trust Company | $860,000 | n/a | 0.0% | |
| Bank of Utah | $20,830,000 | $840,000 | -96.0% | 0.0% |
| Emprise Bank | $825,000 | n/a | 0.0% | |
| DIRECTORS MORTGAGE, INC. | $965,000 | $810,000 | -16.1% | 0.0% |
| INTERCAP LENDING INC. | $805,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $1,110,000 | $800,000 | -27.9% | 0.0% |
| Commerce Bank | $790,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $1,185,000 | $785,000 | -33.8% | 0.0% |
| New Century Bank | $775,000 | n/a | 0.0% | |
| WRIGHT-PATT CREDIT UNION, INC. | $765,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $755,000 | n/a | 0.0% | |
| Tri Counties Bank | $755,000 | n/a | 0.0% | |
| Citizens Bank Minnesota | $355,000 | $750,000 | 111.3% | 0.0% |
| SPOKANE TEACHERS | $35,000 | $740,000 | 2,014.3% | 0.0% |
| Cache Valley Bank | $735,000 | n/a | 0.0% | |
| First Bank | $1,005,000 | $725,000 | -27.9% | 0.0% |
| First Internet Bank of Indiana | $3,670,000 | $725,000 | -80.2% | 0.0% |
| GREENSTATE CREDIT UNION | $295,000 | $725,000 | 145.8% | 0.0% |
| Visio Financial Services Inc. | $3,350,000 | $715,000 | -78.7% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $490,000 | $695,000 | 41.8% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $1,925,000 | $680,000 | -64.7% | 0.0% |
| TRISTAR FINANCE, INC. | $675,000 | n/a | 0.0% | |
| Cf Bank | $665,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,090,000 | $665,000 | -39.0% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $660,000 | n/a | 0.0% | |
| Hinsdale Bank & Trust Company | $655,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $635,000 | n/a | 0.0% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,045,000 | $635,000 | -39.2% | 0.0% |
| Pinnacle Bank - Wyoming | $385,000 | $625,000 | 62.3% | 0.0% |
| NFM, INC. | $860,000 | $615,000 | -28.5% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $305,000 | $610,000 | 100.0% | 0.0% |
| THRIVE MORTGAGE, LLC | $1,195,000 | $605,000 | -49.4% | 0.0% |
| Waterstone Mortgage Corporation | $600,000 | n/a | 0.0% | |
| COMPEER FINANCIAL, FLCA | $595,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $595,000 | n/a | 0.0% | |
| TOWER | $95,000 | $585,000 | 515.8% | 0.0% |
| Chickasaw Community Bank | $565,000 | n/a | 0.0% | |
| Signature Bank of Arkansas | $565,000 | n/a | 0.0% | |
| CASTLE & COOKE MORTGAGE, LLC | $570,000 | $535,000 | -6.1% | 0.0% |
| Heritage Bank | $535,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $1,400,000 | $535,000 | -61.8% | 0.0% |
| RESIDENTIAL WHOLESALE MORTGAGE, INC. | $2,220,000 | $535,000 | -75.9% | 0.0% |
| LENDINGONE, LLC | $905,000 | $520,000 | -42.5% | 0.0% |
| First State Bank and Trust | $305,000 | $515,000 | 68.9% | 0.0% |
| Logan Finance Corporation | $515,000 | n/a | 0.0% | |
| RANLIFE, INC. | $510,000 | n/a | 0.0% | |
| PREMIER LENDING, INC. | $495,000 | n/a | 0.0% | |
| VERITAS FUNDING, LLC | $1,010,000 | $480,000 | -52.5% | 0.0% |
| First United Bank | $635,000 | $465,000 | -26.8% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $3,175,000 | $465,000 | -85.4% | 0.0% |
| PRIORITY HOME LENDING, LLC | $465,000 | n/a | 0.0% | |
| Baxter Credit Union | $580,000 | $460,000 | -20.7% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,910,000 | $460,000 | -75.9% | 0.0% |
| Dacotah Bank | $275,000 | $455,000 | 65.5% | 0.0% |
| Northwest Bank | $455,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $455,000 | n/a | 0.0% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $490,000 | $435,000 | -11.2% | 0.0% |
| INTERNATIONAL CITY MORTGAGE, INC. | $435,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $430,000 | n/a | 0.0% | |
| RCN Capital, LLC | $430,000 | n/a | 0.0% | |
| BEEHIVE | $425,000 | n/a | 0.0% | |
| First National Bank of Central Texas | $425,000 | n/a | 0.0% | |
| 1st Security Bank of Washington | $1,780,000 | $415,000 | -76.7% | 0.0% |
| RESIDENTIAL BANCORP | $2,190,000 | $410,000 | -81.3% | 0.0% |
| STANFORD Federal Credit Union | $555,000 | $405,000 | -27.0% | 0.0% |
| The Citizens National Bank of Bluffton | $405,000 | n/a | 0.0% | |
| Utah Power | $405,000 | n/a | 0.0% | |
| Washington County Bank | $405,000 | n/a | 0.0% | |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $395,000 | n/a | 0.0% | |
| SKYONE Federal Credit Union | $385,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $390,000 | $380,000 | -2.6% | 0.0% |
| Bank of Idaho | $450,000 | $375,000 | -16.7% | 0.0% |
| Choice Financial Group | $1,330,000 | $375,000 | -71.8% | 0.0% |
| Dieterich Bank | $375,000 | n/a | 0.0% | |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $365,000 | n/a | 0.0% | |
| Meridian Bank Corporation | $480,000 | $365,000 | -24.0% | 0.0% |
| Platte Valley Bank | $365,000 | n/a | 0.0% | |
| AmRes Corporation | $1,275,000 | $355,000 | -72.2% | 0.0% |
| BancorpSouth | $7,965,000 | $355,000 | -95.5% | 0.0% |
| COLUMBIA COMMUNITY CREDIT UNION | $355,000 | n/a | 0.0% | |
| Jonah Bank of Wyoming | $1,165,000 | $355,000 | -69.5% | 0.0% |
| STAR ONE CREDIT UNION | $525,000 | $355,000 | -32.4% | 0.0% |
| TruHome Solutions, LLC | $355,000 | $355,000 | 0.0% | 0.0% |
| S1L, Inc. | $2,295,000 | $340,000 | -85.2% | 0.0% |
| First New Mexico Bank, Las Cruces | $335,000 | n/a | 0.0% | |
| Heritage Bank | $335,000 | n/a | 0.0% | |
| D. L. Evans Bank | $325,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $285,000 | $315,000 | 10.5% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $315,000 | $315,000 | 0.0% | 0.0% |
| T2 FINANCIAL LLC | $315,000 | n/a | 0.0% | |
| Cedar Rapids Bank and Trust Company | $305,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $7,170,000 | $305,000 | -95.7% | 0.0% |
| LOS ANGELES POLICE Federal Credit Union | $415,000 | $305,000 | -26.5% | 0.0% |
| Ameris Bank | $735,000 | $285,000 | -61.2% | 0.0% |
| Colonial Savings, F.A. | $745,000 | $285,000 | -61.7% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $265,000 | $285,000 | 7.5% | 0.0% |
| Valley National Bank | $285,000 | n/a | 0.0% | |
| Elements Financial Federal Credit Union | $255,000 | $280,000 | 9.8% | 0.0% |
| Encompass Lending Group, LP | $275,000 | n/a | 0.0% | |
| GUARANTY HOME MORTGAGE CORPORATION | $330,000 | $270,000 | -18.2% | 0.0% |
| Bethpage Federal Credit Union | $695,000 | $260,000 | -62.6% | 0.0% |
| CHEVRON | $1,700,000 | $255,000 | -85.0% | 0.0% |
| DIRECT MORTGAGE, CORP. | $1,165,000 | $255,000 | -78.1% | 0.0% |
| HANSCOM | $255,000 | n/a | 0.0% | |
| Hometown Equity Mortgage, LLC | $1,555,000 | $255,000 | -83.6% | 0.0% |
| Platinum Home Mortgage Corporation | $1,135,000 | $255,000 | -77.5% | 0.0% |
| The Bank of LaFayette, Georgia | $255,000 | n/a | 0.0% | |
| UMB Bank | $790,000 | $255,000 | -67.7% | 0.0% |
| ANCHOR LOANS, LP | $220,000 | $245,000 | 11.4% | 0.0% |
| Andrew Johnson Bank | $245,000 | n/a | 0.0% | |
| BM Real Estate Services, Inc. | $245,000 | n/a | 0.0% | |
| FCB Banks | $475,000 | $235,000 | -50.5% | 0.0% |
| Centier Bank | $45,000 | $230,000 | 411.1% | 0.0% |
| Pioneer Bank & Trust | $2,860,000 | $225,000 | -92.1% | 0.0% |
| SCHLUMBERGER EMPLOYEES CREDIT UNION | $225,000 | n/a | 0.0% | |
| Service Federal Credit Union | $35,000 | $225,000 | 542.9% | 0.0% |
| SeaTrust Mortgage Company | $3,225,000 | $215,000 | -93.3% | 0.0% |
| b1BANK | $670,000 | $205,000 | -69.4% | 0.0% |
| Brighton Bank | $205,000 | n/a | 0.0% | |
| Meridian Trust Federal Credit Union | $1,100,000 | $195,000 | -82.3% | 0.0% |
| F&M Bank | $175,000 | n/a | 0.0% | |
| HIWAY | $175,000 | n/a | 0.0% | |
| JUSTICE Federal Credit Union | $175,000 | n/a | 0.0% | |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $175,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $175,000 | n/a | 0.0% | |
| AMERICAN UNITED FAMILY OF CREDIT UN | $170,000 | n/a | 0.0% | |
| Mazuma Credit Union | $165,000 | n/a | 0.0% | |
| Thomasville National Bank | $485,000 | $155,000 | -68.0% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $1,590,000 | $150,000 | -90.6% | 0.0% |
| RAILWAY CREDIT UNION | $150,000 | n/a | 0.0% | |
| Axos Bank | $16,110,000 | $135,000 | -99.2% | 0.0% |
| Connexus Credit Union | $135,000 | n/a | 0.0% | |
| First Financial Bank | $335,000 | $135,000 | -59.7% | 0.0% |
| Deere Employees Credit Union | $840,000 | $130,000 | -84.5% | 0.0% |
| First National Bank and Trust Company | $125,000 | n/a | 0.0% | |
| Notre Dame Federal Credit Union Corporation | $175,000 | $125,000 | -28.6% | 0.0% |
| Chicago Mortgage Solutions LLC | $115,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $110,000 | $105,000 | -4.5% | 0.0% |
| Signature Federal Credit Union | $55,000 | $85,000 | 54.5% | 0.0% |
| Northwest Federal Credit Union | $800,000 | $75,000 | -90.6% | 0.0% |
| NORTHROP GRUMMAN Federal Credit Union | $385,000 | $45,000 | -88.3% | 0.0% |
| PREMIER AMERICA | $35,000 | n/a | 0.0% | |
| WESTERN VISTA | $360,000 | $35,000 | -90.3% | 0.0% |
| Alaska USA Federal Credit Union | $25,000 | n/a | 0.0% |
Montana's top lender by overall market share is Glacier Bank, with 9.0% market share. In second place, with 8.1%, is Stockman Bank of Montana, having originated $497,360,000 in loans. In third place, with 6.7%, is Opportunity Bank of Montana, having originated $410,435,000 in loans. In fourth place, with 4.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $281,790,000 in loans. In fifth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $254,175,000 in loans.
Montana Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 10,659 | $4,428,225,000 | $415,445 |
| Cash Out Refi | 2,024 | $563,020,000 | $278,172 |
| Home Improvement | 1,894 | $231,350,000 | $122,149 |
| Other | 1,458 | $438,960,000 | $301,070 |
| Refi | 1,435 | $456,405,000 | $318,052 |
Montana's most frequently cited loan purpose was Home Purchase, with 10,659 originations. The 2nd most popular reason was Cash Out Refi, with 2,024 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 5,718 | $2,223,250,000 | $388,816 |
| 7-8% | 3,990 | $1,325,260,000 | $332,145 |
| Over 8% | 3,688 | $626,710,000 | $169,932 |
| 5-6% | 3,022 | $1,406,410,000 | $465,390 |
| 4-5% | 291 | $261,995,000 | $900,326 |
| <2.5% | 59 | $4,955,000 | $83,983 |
| 2.5-3% | 48 | $11,320,000 | $235,833 |
| 3-4% | 44 | $30,470,000 | $692,500 |
During 2023, Montana's most frequently originated rate bucket was 6-7%, with 5,718 originations.
Loan Sizing (Montana MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 6,240 | $1,831,700,000 | $293,542 |
| $100,000 or less | 3,489 | $187,225,000 | $53,662 |
| $100k-200k | 3,339 | $484,375,000 | $145,066 |
| $400k-600k | 2,739 | $1,309,605,000 | $478,133 |
| $600k-1000k | 1,159 | $834,135,000 | $719,702 |
| $Over $1MM | 504 | $1,470,920,000 | $2,918,492 |
Montana's loan sizing saw the bucket of loans from $200k-400k with 6,240 originations, totaling $1,831,700,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 5,236 | $2,005,480,000 | $383,018 |
| 60-80% | 3,767 | $1,990,055,000 | $528,286 |
| Under 20% | 3,166 | $264,310,000 | $83,484 |
| 20-40% | 2,186 | $479,480,000 | $219,341 |
| 40-60% | 2,161 | $1,032,985,000 | $478,012 |
| Over 100% | 289 | $119,185,000 | $412,405 |
Montana's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,236 originations, totaling $2,005,480,000 in origination value.