Montana
Mortgage Loan Application
Totals and Details
in 2008

Find mortgage statistics and mortgage data for Montana.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2021 in all of Montana.
You can organize this information by metropolitan area and by county.

Years 2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 55,795
Total Mortgage Loan Application Amount $9,861,377,000
Average Mortgage Loan Application Amount $176,000
Highest Mortgage Loan Application Amount $33,000,000
Average Applicant Income $80,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Montana, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Montana in 2008

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
Refinancing 32,127 $6,203,217,000 $193,000 $33,000,000 $82,000 $9,999,000
Home Purchase 18,185 $3,190,779,000 $175,000 $10,000,000 $81,000 $9,999,000
Home Improvement 5,483 $467,381,000 $85,000 $9,100,000 $69,000 $1,440,000

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 45,237 $7,799,521,000 $172,000 $10,000,000 $83,000 $9,999,000
Not applicable 4,842 $1,056,180,000 $218,000 $33,000,000 $42,000 $8,776,000
Not Provided 3,901 $737,346,000 $189,000 $5,868,000 $103,000 $8,776,000
Hispanic 798 $124,751,000 $156,000 $1,850,000 $75,000 $2,288,000
American Indian or Alaskan Native 623 $75,812,000 $121,000 $540,000 $60,000 $276,000
Asian 193 $36,229,000 $187,000 $1,500,000 $83,000 $600,000
Black or African American 121 $19,451,000 $160,000 $417,000 $74,000 $270,000
Native Hawaiian or Other Pacific Islander 80 $12,087,000 $151,000 $489,000 $71,000 $450,000

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) 43,637 $7,799,208,000 $178,000 $22,500,000 $87,000 $9,999,000
FHA-insured (Federal Housing Administration) 9,761 $1,650,721,000 $169,000 $33,000,000 $58,000 $1,563,000
VA-guaranteed (Veterans Administration) 1,677 $307,280,000 $183,000 $731,000 $54,000 $444,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 720 $104,168,000 $144,000 $332,000 $32,000 $244,000

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 26,278 $4,575,366,000 $174,000 $22,500,000 $88,000 $9,999,000
Application Denied By Financial Institution 10,198 $1,692,136,000 $165,000 $6,700,000 $74,000 $5,812,000
Loan Purchased By The Institution 9,896 $1,932,942,000 $195,000 $33,000,000 $62,000 $9,999,000
Application Withdrawn By Applicant 5,605 $1,011,969,000 $180,000 $6,935,000 $81,000 $5,275,000
Application Approved But Not Accepted 2,895 $493,222,000 $170,000 $4,065,000 $87,000 $2,888,000
File Closed For Incompleteness 915 $154,536,000 $168,000 $1,850,000 $111,000 $3,732,000
Preapproval Denied by Financial Institution 7 $1,116,000 $159,000 $243,000 $56,000 $101,000
Preapproval Approved but not Accepted 1 $90,000 $90,000 $90,000 $47,000 $47,000

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
Collateral 1,547 $306,069,000 $197,000 $6,700,000 $100,000 $3,905,000
Debt-To-Income Ratio 1,301 $254,585,000 $195,000 $5,500,000 $65,000 $5,812,000
Credit History 1,162 $132,105,000 $113,000 $2,000,000 $64,000 $1,996,000
Other 625 $129,171,000 $206,000 $4,200,000 $108,000 $4,543,000
Credit Application Incomplete 446 $97,179,000 $217,000 $2,000,000 $101,000 $3,925,000
Unverifiable Information 256 $57,616,000 $225,000 $1,000,000 $99,000 $1,200,000
Employment History 91 $15,842,000 $174,000 $716,000 $71,000 $424,000
Insufficient Cash (Downpayment, Closing Cost) 74 $17,401,000 $235,000 $3,728,000 $69,000 $237,000
Mortgage Insurance Denied 13 $2,996,000 $230,000 $480,000 $83,000 $188,000
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Mortgage Loan Application Totals in 2008 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 11,062 $ 1,733,733,000 $ 156,000 $ 75,000
GREAT FALLS, MT 5,609 $ 705,971,000 $ 125,000 $ 66,000
MISSOULA, MT 6,841 $ 1,281,495,000 $ 187,000 $ 79,000
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Mortgage Loan Application Totals in 2008 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 348 $ 49,254,000 $ 141,000 $ 65,000
Big Horn 234 $ 24,120,000 $ 103,000 $ 65,000
Blaine 63 $ 6,530,000 $ 103,000 $ 48,000
Broadwater 341 $ 59,336,000 $ 174,000 $ 63,000
Carbon 683 $ 129,175,000 $ 189,000 $ 98,000
Carter 22 $ 3,261,000 $ 148,000 $ 92,000
Cascade 5,614 $ 706,795,000 $ 125,000 $ 66,000
Chouteau 139 $ 14,909,000 $ 107,000 $ 47,000
Custer 638 $ 58,806,000 $ 92,000 $ 65,000
Daniels 53 $ 5,661,000 $ 106,000 $ 58,000
Dawson 349 $ 36,272,000 $ 103,000 $ 67,000
Deer Lodge 471 $ 54,978,000 $ 116,000 $ 74,000
Fallon 100 $ 10,734,000 $ 107,000 $ 70,000
Fergus 420 $ 52,457,000 $ 124,000 $ 60,000
Flathead 5,423 $ 1,212,094,000 $ 223,000 $ 85,000
Gallatin 5,451 $ 1,470,395,000 $ 269,000 $ 127,000
Garfield 29 $ 5,218,000 $ 179,000 $ 101,000
Glacier 167 $ 17,710,000 $ 106,000 $ 87,000
Golden Valley 43 $ 4,835,000 $ 112,000 $ 62,000
Granite 183 $ 31,796,000 $ 173,000 $ 76,000
Hill 529 $ 63,825,000 $ 120,000 $ 63,000
Jefferson 752 $ 149,331,000 $ 198,000 $ 74,000
Judith Basin 48 $ 4,541,000 $ 94,000 $ 58,000
Lake 1,222 $ 296,642,000 $ 242,000 $ 118,000
Lewis and Clark 3,882 $ 695,985,000 $ 179,000 $ 73,000
Liberty 31 $ 2,152,000 $ 69,000 $ 48,000
Lincoln 865 $ 137,567,000 $ 159,000 $ 63,000
Madison 427 $ 114,484,000 $ 268,000 $ 129,000
McCone 27 $ 1,623,000 $ 60,000 $ 49,000
Meagher 90 $ 13,353,000 $ 148,000 $ 73,000
Mineral 302 $ 47,012,000 $ 155,000 $ 63,000
Missoula 6,853 $ 1,283,749,000 $ 187,000 $ 79,000
Musselshell 258 $ 33,232,000 $ 128,000 $ 99,000
Park 964 $ 183,949,000 $ 190,000 $ 84,000
Petroleum 2 $ 247,000 $ 123,000 $ 65,000
Phillips 94 $ 11,568,000 $ 123,000 $ 77,000
Pondera 201 $ 19,158,000 $ 95,000 $ 65,000
Powder River 28 $ 5,546,000 $ 198,000 $ 111,000
Powell 199 $ 26,317,000 $ 132,000 $ 72,000
Prairie 33 $ 2,717,000 $ 82,000 $ 58,000
Ravalli 2,824 $ 581,771,000 $ 206,000 $ 79,000
Richland 453 $ 49,244,000 $ 108,000 $ 66,000
Roosevelt 97 $ 7,992,000 $ 82,000 $ 55,000
Rosebud 276 $ 27,290,000 $ 98,000 $ 72,000
Sanders 689 $ 110,512,000 $ 160,000 $ 59,000
Sheridan 106 $ 7,906,000 $ 74,000 $ 54,000
Silver Bow 1,732 $ 200,440,000 $ 115,000 $ 62,000
Stillwater 623 $ 96,782,000 $ 155,000 $ 84,000
Sweet Grass 181 $ 31,825,000 $ 175,000 $ 64,000
Teton 260 $ 30,792,000 $ 118,000 $ 54,000
Toole 135 $ 13,133,000 $ 97,000 $ 74,000
Treasure 47 $ 5,793,000 $ 123,000 $ 69,000
Valley 225 $ 21,990,000 $ 97,000 $ 61,000
Wheatland 66 $ 7,447,000 $ 112,000 $ 70,000
Wibaux 25 $ 1,855,000 $ 74,000 $ 44,000
Yellowstone 10,388 $ 1,605,250,000 $ 154,000 $ 73,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Montana.

If you prefer, you can download a copy of the entire list of mortgage lenders in Montana and search similar information back through 2003.

Download the Montana Lender List