Montana Mortgage Lenders & HMDA Data, 2025
In 2025, lenders reported 41,506 mortgage applications in Montana totaling $15.2 billion, up 17% from 2024. The average application was for $366,000, and applicants reported an average income of $164,000. 55% of applications resulted in an originated loan and 13% were denied. The most active lenders were Glacier Bank (3,019 applications), Stockman Bank of Montana and United Wholesale Mortgage.
See the top mortgage lenders in Montana, browse lending by metro area and by county, or see the mortgage lenders headquartered in Montana and Montana lenders by city.
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Download the Montana mortgage lender list: a formatted spreadsheet with aggregated HMDA statistics for all Montana based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Montana's mortgage market trends.
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 41,506 |
| Total Mortgage Loan Application Amount | $15,227,520,000 |
| Average Mortgage Loan Application Amount | $366,000 |
| Highest Mortgage Loan Application Amount | $71,425,000 |
| Average Applicant Income | $164,000 |
| Highest Applicant Income | $9,143,000 |
Top 25 Mortgage Lenders in Montana (2025)
Ranked by the number of mortgage applications each lender received for properties in Montana in 2025, wherever the lender is based. For lenders headquartered in the state, see the full list of Montana mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in Montana.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Glacier Bank Kalispell, MT |
3,019 | $1,214,055,000 | $402,138 | $187,229 |
| 2 | Stockman Bank of Montana Miles City, MT |
2,911 | $850,905,000 | $292,306 | $152,755 |
| 3 | United Wholesale Mortgage Plymouth, MI |
1,859 | $748,585,000 | $402,681 | $157,086 |
| 4 | Opportunity Bank of Montana Helena, MT |
1,609 | $427,155,000 | $265,478 | $146,001 |
| 5 | PennyMac Loan Services LLC Westlake Village, CA |
1,296 | $473,680,000 | $365,493 | $160,265 |
| 6 | Evergreen Moneysource Mortgage Company Bellevue, WA |
1,158 | $399,780,000 | $345,233 | $133,791 |
| 7 | Newrez LLC Fort Washington, PA |
1,114 | $409,970,000 | $368,016 | $142,310 |
| 8 | Freedom Mortgage Corporation Boca Raton, FL |
1,045 | $406,215,000 | $388,722 | $115,430 |
| 9 | US Bank, N.A. Cincinnati, OH |
1,041 | $328,375,000 | $315,441 | $193,130 |
| 10 | First Interstate Bank Billings, MT |
987 | $239,255,000 | $242,406 | $207,019 |
| 11 | JPMorgan Chase Bank, NA Columbus, OH |
956 | $480,240,000 | $502,343 | $216,228 |
| 12 | Mortgage Research Center Columbia, MO |
940 | $353,880,000 | $376,468 | $109,679 |
| 13 | Crosscountry Mortgage, LLC Cleveland, OH |
921 | $362,935,000 | $394,066 | $157,394 |
| 14 | Guaranteed Rate, Inc. Chicago, IL |
766 | $332,400,000 | $433,942 | $197,007 |
| 15 | Guild Mortgage Company San Diego, CA |
748 | $204,550,000 | $273,462 | $121,244 |
| 16 | Nationstar Mortgage Coppell, TX |
598 | $174,760,000 | $292,240 | $120,560 |
| 17 | Amerihome Mortgage Company, LLC Thousand Oaks, CA |
501 | $177,235,000 | $353,762 | $95,193 |
| 18 | New American Funding, Llc. Tustin, CA |
495 | $121,675,000 | $245,808 | $89,949 |
| 19 | Altana Federal Credit Union Billings, MT |
474 | $69,030,000 | $145,632 | $144,699 |
| 20 | Amerisave Mortgage Company Sandy Springs, GA |
456 | $84,850,000 | $186,074 | $97,625 |
| 21 | Kind Lending, LLC Irvine, CA |
452 | $192,490,000 | $425,862 | $176,348 |
| 22 | 21st Mortgage Knoxville, TN |
439 | $56,865,000 | $129,533 | $76,343 |
| 23 | loanDepot.com LLC Irvine, CA |
406 | $84,120,000 | $207,192 | $101,492 |
| 24 | Navy Federal Credit Union Vienna, VA |
385 | $106,725,000 | $277,207 | $145,775 |
| 25 | Figure Lending LLC San Francisco, CA |
378 | $35,580,000 | $94,126 | $113,891 |
The tables below break down 2025 mortgage applications in Montana by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Montana 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 | 19,608 | $8,548,330,000 | $435,000 | $44,745,000 | $177,000 | $8,284,000 |
| Cash-out Refinancing | 7,759 | $2,376,815,000 | $306,000 | $17,255,000 | $130,000 | $5,697,000 |
| Refinancing | 6,654 | $2,956,520,000 | $444,000 | $43,955,000 | $183,000 | $7,776,000 |
| Other Purpose | 3,978 | $871,540,000 | $219,000 | $71,425,000 | $164,000 | $9,143,000 |
| Home Improvement | 3,452 | $464,310,000 | $134,000 | $19,005,000 | $147,000 | $7,569,000 |
| Not Applicable | 55 | $10,005,000 | $181,000 | $725,000 | $107,000 | $234,000 |
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 | 29,551 | $9,788,885,000 | $331,000 | $30,005,000 | $164,000 | $9,143,000 |
| Not applicable | 4,845 | $2,937,905,000 | $606,000 | $71,425,000 | $154,000 | $1,915,000 |
| Not Provided | 4,649 | $1,768,255,000 | $380,000 | $24,505,000 | $180,000 | $8,000,000 |
| Hispanic | 1,203 | $377,055,000 | $313,000 | $3,005,000 | $137,000 | $3,494,000 |
| American Indian or Alaskan Native | 689 | $164,445,000 | $238,000 | $1,405,000 | $127,000 | $3,600,000 |
| Asian | 333 | $124,825,000 | $374,000 | $6,505,000 | $212,000 | $3,700,000 |
| Black or African American | 163 | $46,325,000 | $284,000 | $1,075,000 | $131,000 | $854,000 |
| Native Hawaiian or Other Pacific Islander | 59 | $16,325,000 | $276,000 | $645,000 | $118,000 | $439,000 |
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) | 30,862 | $11,248,890,000 | $364,000 | $71,425,000 | $180,000 | $9,143,000 |
| VA-guaranteed (Veterans Administration) | 5,325 | $2,291,465,000 | $430,000 | $2,705,000 | $120,000 | $1,775,000 |
| FHA-insured (Federal Housing Administration) | 5,132 | $1,643,490,000 | $320,000 | $15,095,000 | $94,000 | $1,237,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 187 | $43,675,000 | $233,000 | $485,000 | $76,000 | $131,000 |
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 | 22,968 | $8,954,310,000 | $389,000 | $71,425,000 | $173,000 | $9,143,000 |
| Application Withdrawn By Applicant | 5,863 | $2,319,915,000 | $395,000 | $30,005,000 | $177,000 | $8,284,000 |
| Application Denied By Financial Institution | 5,479 | $1,461,265,000 | $266,000 | $30,005,000 | $122,000 | $9,143,000 |
| Loan Purchased By The Institution | 4,382 | $1,587,400,000 | $362,000 | $3,005,000 | $154,000 | $1,915,000 |
| File Closed For Incompleteness | 1,819 | $550,725,000 | $302,000 | $10,975,000 | $150,000 | $8,000,000 |
| Application Approved But Not Accepted | 905 | $321,945,000 | $355,000 | $19,005,000 | $162,000 | $6,491,000 |
| Preapproval Approved but not Accepted | 73 | $26,555,000 | $363,000 | $1,155,000 | $139,000 | $584,000 |
| Preapproval Denied by Financial Institution | 17 | $5,405,000 | $317,000 | $1,325,000 | $94,000 | $525,000 |
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 | 34,705 | $13,189,245,000 | $380,000 | $71,425,000 | $170,000 | $9,143,000 |
| Debt-To-Income Ratio | 3,247 | $1,103,855,000 | $339,000 | $35,705,000 | $132,000 | $6,100,000 |
| Credit History | 1,004 | $203,540,000 | $202,000 | $3,005,000 | $108,000 | $1,459,000 |
| Collateral | 995 | $295,155,000 | $296,000 | $30,005,000 | $152,000 | $9,143,000 |
| Credit Application Incomplete | 672 | $160,170,000 | $238,000 | $2,155,000 | $135,000 | $1,570,000 |
| Other | 411 | $124,155,000 | $302,000 | $8,005,000 | $187,000 | $4,473,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 236 | $68,030,000 | $288,000 | $2,105,000 | $122,000 | $806,000 |
| Unverifiable Information | 177 | $64,835,000 | $366,000 | $4,005,000 | $175,000 | $4,438,000 |
| Employment History | 59 | $18,535,000 | $314,000 | $2,245,000 | $131,000 | $855,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Mortgage Loan Application Totals in 2025 by Montana Metropolitan Area
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Billings, MT | 8,372 | $ 2,328,790,000 | $ 278,000 | $ 134,000 |
| Bozeman, MT | 4,675 | $ 2,851,505,000 | $ 609,000 | $ 252,000 |
| Great Falls, MT | 3,586 | $ 957,260,000 | $ 266,000 | $ 117,000 |
| Helena, MT | 4,295 | $ 1,415,995,000 | $ 329,000 | $ 143,000 |
| Missoula, MT | 4,245 | $ 1,545,765,000 | $ 364,000 | $ 165,000 |
Mortgage Loan Application Totals in 2025 by Montana County
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Beaverhead | 293 | $ 83,675,000 | $ 285,000 | $ 133,000 |
| Big Horn | 151 | $ 25,135,000 | $ 166,000 | $ 84,000 |
| Blaine | 76 | $ 9,920,000 | $ 130,000 | $ 82,000 |
| Broadwater | 487 | $ 174,755,000 | $ 358,000 | $ 146,000 |
| Carbon | 528 | $ 172,370,000 | $ 326,000 | $ 170,000 |
| Carter | 10 | $ 1,500,000 | $ 150,000 | $ 78,000 |
| Cascade | 3,586 | $ 957,260,000 | $ 266,000 | $ 117,000 |
| Chouteau | 107 | $ 20,415,000 | $ 190,000 | $ 109,000 |
| Custer | 377 | $ 65,235,000 | $ 173,000 | $ 100,000 |
| Daniels | 27 | $ 3,145,000 | $ 116,000 | $ 149,000 |
| Dawson | 219 | $ 37,335,000 | $ 170,000 | $ 96,000 |
| Deer Lodge | 360 | $ 74,810,000 | $ 207,000 | $ 99,000 |
| Fallon | 37 | $ 7,015,000 | $ 189,000 | $ 115,000 |
| Fergus | 368 | $ 89,430,000 | $ 243,000 | $ 116,000 |
| Flathead | 4,668 | $ 2,277,540,000 | $ 487,000 | $ 227,000 |
| Gallatin | 4,675 | $ 2,851,505,000 | $ 609,000 | $ 252,000 |
| Garfield | 19 | $ 3,555,000 | $ 187,000 | $ 169,000 |
| Glacier | 169 | $ 25,075,000 | $ 148,000 | $ 99,000 |
| Golden Valley | 30 | $ 7,000,000 | $ 233,000 | $ 84,000 |
| Granite | 148 | $ 53,530,000 | $ 361,000 | $ 207,000 |
| Hill | 394 | $ 74,830,000 | $ 189,000 | $ 113,000 |
| Jefferson | 627 | $ 202,225,000 | $ 322,000 | $ 148,000 |
| Judith Basin | 54 | $ 7,760,000 | $ 143,000 | $ 86,000 |
| Lake | 1,019 | $ 392,515,000 | $ 385,000 | $ 169,000 |
| Lewis and Clark | 3,181 | $ 1,039,015,000 | $ 326,000 | $ 142,000 |
| Liberty | 38 | $ 5,310,000 | $ 139,000 | $ 199,000 |
| Lincoln | 864 | $ 259,210,000 | $ 300,000 | $ 134,000 |
| Madison | 615 | $ 872,865,000 | $ 1,419,000 | $ 468,000 |
| McCone | 23 | $ 3,015,000 | $ 131,000 | $ 104,000 |
| Meagher | 45 | $ 10,315,000 | $ 229,000 | $ 146,000 |
| Mineral | 243 | $ 76,505,000 | $ 314,000 | $ 129,000 |
| Missoula | 4,002 | $ 1,469,260,000 | $ 367,000 | $ 167,000 |
| Musselshell | 215 | $ 44,435,000 | $ 206,000 | $ 101,000 |
| Park | 710 | $ 264,330,000 | $ 372,000 | $ 177,000 |
| Petroleum | 8 | $ 1,230,000 | $ 153,000 | $ 55,000 |
| Phillips | 86 | $ 14,930,000 | $ 173,000 | $ 108,000 |
| Pondera | 161 | $ 28,625,000 | $ 177,000 | $ 120,000 |
| Powder River | 28 | $ 5,160,000 | $ 184,000 | $ 106,000 |
| Powell | 175 | $ 53,895,000 | $ 307,000 | $ 133,000 |
| Prairie | 18 | $ 1,660,000 | $ 92,000 | $ 89,000 |
| Ravalli | 1,650 | $ 584,930,000 | $ 354,000 | $ 144,000 |
| Richland | 299 | $ 64,085,000 | $ 214,000 | $ 139,000 |
| Roosevelt | 108 | $ 14,930,000 | $ 138,000 | $ 98,000 |
| Rosebud | 142 | $ 29,500,000 | $ 207,000 | $ 100,000 |
| Sanders | 433 | $ 125,165,000 | $ 289,000 | $ 128,000 |
| Sheridan | 77 | $ 10,955,000 | $ 142,000 | $ 105,000 |
| Silver Bow | 1,444 | $ 328,740,000 | $ 227,000 | $ 109,000 |
| Stillwater | 470 | $ 134,320,000 | $ 285,000 | $ 130,000 |
| Sweet Grass | 101 | $ 32,035,000 | $ 317,000 | $ 145,000 |
| Teton | 222 | $ 52,250,000 | $ 235,000 | $ 111,000 |
| Toole | 104 | $ 15,070,000 | $ 144,000 | $ 94,000 |
| Treasure | 19 | $ 5,535,000 | $ 291,000 | $ 89,000 |
| Valley | 163 | $ 29,895,000 | $ 183,000 | $ 109,000 |
| Wheatland | 43 | $ 9,045,000 | $ 210,000 | $ 127,000 |
| Wibaux | 16 | $ 1,670,000 | $ 104,000 | $ 128,000 |
| Yellowstone | 7,374 | $ 2,022,100,000 | $ 274,000 | $ 132,000 |
Our comprehensive HMDA mortgage statistics offer invaluable insights into Montana's 2025 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.
This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively.
Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Montana's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.
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