First Federal Bank & Trust Mortgage Lending & HMDA Data, 2025
In 2025, First Federal Bank & Trust of Billings, MT reported 234 mortgage applications totaling $84.3 million. The average application was for $360,427, and applicants reported an average income of $168,752. 80% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Billings, MT (85), Casper, WY (7) and San Antonio-New Braunfels, TX (2) (applications in parentheses).
| Mortgage Company & Address | First Federal Bank & Trust Billings, MT 59106 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2023 2022 2021 |
| Total Number of Mortgage Applications | 234 |
| Total Mortgage Loan Application Amount | $84,340,000 |
| Average Mortgage Loan Application Amount | $360,427 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $168,752 |
| Highest Applicant Income | $3,386,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Federal Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for First Federal Bank & Trust in 2025
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 | 169 | $66,495,000 | $393,000 | $3,005,000 | $184,000 | $3,386,000 |
| Cash-out Refinancing | 26 | $6,700,000 | $257,000 | $955,000 | $134,000 | $556,000 |
| Refinancing | 18 | $7,490,000 | $416,000 | $2,275,000 | $113,000 | $156,000 |
| Other Purpose | 12 | $2,310,000 | $192,000 | $405,000 | $136,000 | $300,000 |
| Home Improvement | 9 | $1,345,000 | $149,000 | $395,000 | $138,000 | $246,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 176 | $60,810,000 | $345,000 | $3,005,000 | $150,000 | $796,000 |
| Not applicable | 23 | $11,185,000 | $486,000 | $2,275,000 | $0 | $0 |
| Not Provided | 23 | $8,395,000 | $365,000 | $1,205,000 | $341,000 | $3,386,000 |
| Hispanic | 8 | $2,650,000 | $331,000 | $585,000 | $165,000 | $416,000 |
| Asian | 3 | $1,265,000 | $421,000 | $655,000 | $129,000 | $197,000 |
| American Indian or Alaskan Native | 1 | $35,000 | $35,000 | $35,000 | $69,000 | $69,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 211 | $74,885,000 | $354,000 | $3,005,000 | $177,000 | $3,386,000 |
| FHA-insured (Federal Housing Administration) | 14 | $4,690,000 | $335,000 | $495,000 | $114,000 | $237,000 |
| VA-guaranteed (Veterans Administration) | 9 | $4,765,000 | $529,000 | $955,000 | $139,000 | $263,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 188 | $67,130,000 | $357,000 | $3,005,000 | $183,000 | $3,386,000 |
| Application Withdrawn By Applicant | 35 | $11,885,000 | $339,000 | $1,255,000 | $136,000 | $488,000 |
| Application Denied By Financial Institution | 10 | $5,240,000 | $524,000 | $2,275,000 | $82,000 | $125,000 |
| Application Approved But Not Accepted | 1 | $85,000 | $85,000 | $85,000 | $40,000 | $40,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 232 | $83,820,000 | $361,000 | $3,005,000 | $171,000 | $3,386,000 |
| Not applicable | 2 | $520,000 | $260,000 | $335,000 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Federal Bank & Trust's 2025 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess First Federal Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Montana, download the full spreadsheet
with aggregated HMDA statistics today.
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