Bozeman, MT Metro Area Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 4,077 mortgage applications in Bozeman, MT metro area totaling $2.1 billion. The average application was for $524,045, and applicants reported an average income of $243,000. 56% of applications resulted in an originated loan and 14% were denied. The most active lender was Glacier Bank, with 375 applications, followed by Stockman Bank of Montana and Guaranteed Rate, Inc..
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| Years | 2025 2024 |
| Total Number of Mortgage Applications | 4,077 |
| Total Mortgage Loan Application Amount | $2,136,535,000 |
| Average Mortgage Loan Application Amount | $524,045 |
| Highest Mortgage Loan Application Amount | $38,775,000 |
| Average Applicant Income | $243,000 |
| Highest Applicant Income | $8,999,000 |
Top Mortgage Lenders in Bozeman, MT Metro Area (2024)
Ranked by the number of mortgage applications each lender reported in Bozeman, MT metro area in 2024.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Glacier Bank Kalispell, MT |
375 | $191,455,000 | $510,000 | $248,000 |
| 2 | Stockman Bank of Montana Miles City, MT |
309 | $137,505,000 | $445,000 | $214,000 |
| 3 | Guaranteed Rate, Inc. Chicago, IL |
244 | $140,810,000 | $577,000 | $254,000 |
| 4 | US Bank, N.A. Cincinnati, OH |
171 | $90,415,000 | $528,000 | $268,000 |
| 5 | PennyMac Loan Services LLC Westlake Village, CA |
148 | $67,640,000 | $457,000 | $225,000 |
| 6 | Opportunity Bank of Montana Helena, MT |
130 | $44,120,000 | $339,000 | $184,000 |
| 7 | Cornerstone Capital Bank, SSB Houston, TX |
122 | $59,250,000 | $485,000 | $182,000 |
| 8 | First Interstate Bank Billings, MT |
116 | $30,140,000 | $259,000 | $190,000 |
| 9 | United Wholesale Mortgage Plymouth, MI |
105 | $67,275,000 | $640,000 | $227,000 |
| 10 | Newrez LLC Fort Washington, PA |
100 | $45,390,000 | $453,000 | $161,000 |
The tables below break down 2024 mortgage applications in Bozeman, MT metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Bozeman, MT in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 2,335 | $1,417,055,000 | $606,000 | $23,735,000 | $262,000 | $5,754,000 |
| Other Purpose | 485 | $159,705,000 | $329,000 | $34,235,000 | $208,000 | $5,095,000 |
| Cash-out Refinancing | 473 | $230,195,000 | $486,000 | $10,005,000 | $262,000 | $8,999,000 |
| Refinancing | 449 | $271,555,000 | $604,000 | $38,775,000 | $217,000 | $5,095,000 |
| Home Improvement | 334 | $57,830,000 | $173,000 | $3,505,000 | $181,000 | $1,555,000 |
| Not Applicable | 1 | $195,000 | $195,000 | $195,000 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 2,887 | $1,306,885,000 | $452,000 | $6,655,000 | $238,000 | $6,895,000 |
| Not Provided | 498 | $273,490,000 | $549,000 | $10,005,000 | $299,000 | $8,999,000 |
| Not applicable | 485 | $466,305,000 | $961,000 | $38,775,000 | $223,000 | $742,000 |
| Hispanic | 130 | $56,050,000 | $431,000 | $3,005,000 | $179,000 | $1,200,000 |
| Asian | 52 | $24,940,000 | $479,000 | $1,505,000 | $197,000 | $872,000 |
| American Indian or Alaskan Native | 17 | $6,225,000 | $366,000 | $1,005,000 | $134,000 | $489,000 |
| Black or African American | 7 | $2,605,000 | $372,000 | $585,000 | $142,000 | $177,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $35,000 | $35,000 | $35,000 | $59,000 | $59,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 3,591 | $1,843,665,000 | $513,000 | $34,235,000 | $254,000 | $8,999,000 |
| FHA-insured (Federal Housing Administration) | 287 | $175,975,000 | $613,000 | $38,775,000 | $129,000 | $733,000 |
| VA-guaranteed (Veterans Administration) | 196 | $116,320,000 | $593,000 | $3,005,000 | $149,000 | $811,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $575,000 | $191,000 | $285,000 | $77,000 | $79,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 2,267 | $1,265,535,000 | $558,000 | $34,235,000 | $257,000 | $5,754,000 |
| Application Withdrawn By Applicant | 594 | $354,630,000 | $597,000 | $38,775,000 | $254,000 | $5,463,000 |
| Application Denied By Financial Institution | 565 | $194,845,000 | $344,000 | $7,005,000 | $186,000 | $8,999,000 |
| Loan Purchased By The Institution | 410 | $204,800,000 | $499,000 | $1,775,000 | $250,000 | $856,000 |
| File Closed For Incompleteness | 148 | $77,240,000 | $521,000 | $5,475,000 | $217,000 | $1,261,000 |
| Application Approved But Not Accepted | 87 | $36,515,000 | $419,000 | $2,825,000 | $228,000 | $1,041,000 |
| Preapproval Approved but not Accepted | 5 | $2,695,000 | $539,000 | $845,000 | $194,000 | $258,000 |
| Preapproval Denied by Financial Institution | 1 | $275,000 | $275,000 | $275,000 | $86,000 | $86,000 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 3,402 | $1,879,080,000 | $552,000 | $38,775,000 | $254,000 | $5,754,000 |
| Debt-To-Income Ratio | 350 | $150,130,000 | $428,000 | $7,855,000 | $152,000 | $3,963,000 |
| Credit History | 88 | $24,840,000 | $282,000 | $1,805,000 | $169,000 | $1,485,000 |
| Credit Application Incomplete | 80 | $23,250,000 | $290,000 | $3,005,000 | $197,000 | $2,779,000 |
| Collateral | 77 | $26,855,000 | $348,000 | $1,615,000 | $408,000 | $8,999,000 |
| Other | 39 | $18,925,000 | $485,000 | $7,005,000 | $199,000 | $938,000 |
| Unverifiable Information | 20 | $7,930,000 | $396,000 | $2,305,000 | $210,000 | $505,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 20 | $5,200,000 | $260,000 | $735,000 | $152,000 | $468,000 |
| Employment History | 1 | $325,000 | $325,000 | $325,000 | $59,000 | $59,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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