Montana
Mortgage Loan Application
Totals and Details
in 2011

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 2003-2018 in all of Montana.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 45,730
Total Mortgage Loan Application Amount $7,977,691,000
Average Mortgage Loan Application Amount $174,000
Highest Mortgage Loan Application Amount $9,320,000
Average Applicant Income $79,000
Highest Applicant Income $8,712,000

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.

Download the Montana Lender List

Mortgage Loan Application Detail Totals for Montana in 2011

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 28,392 $5,253,460,000 $185,000 $9,320,000 $83,000 $8,712,000
Home Purchase 14,792 $2,535,270,000 $171,000 $6,363,000 $74,000 $6,258,000
Home Improvement 2,546 $188,961,000 $74,000 $8,225,000 $74,000 $2,239,000

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 36,557 $6,216,046,000 $170,000 $6,000,000 $87,000 $8,712,000
Not applicable 5,362 $1,072,320,000 $199,000 $9,320,000 $18,000 $2,715,000
Not Provided 2,549 $509,569,000 $199,000 $6,363,000 $109,000 $4,641,000
Hispanic 479 $72,920,000 $152,000 $440,000 $68,000 $557,000
American Indian or Alaskan Native 446 $52,578,000 $117,000 $1,100,000 $71,000 $4,612,000
Asian 185 $30,679,000 $165,000 $622,000 $81,000 $324,000
Black or African American 99 $15,111,000 $152,000 $384,000 $53,000 $144,000
Native Hawaiian or Other Pacific Islander 53 $8,468,000 $159,000 $417,000 $75,000 $249,000

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) 33,686 $5,961,897,000 $176,000 $9,320,000 $91,000 $8,712,000
FHA-insured (Federal Housing Administration) 6,773 $1,085,154,000 $160,000 $530,000 $50,000 $1,608,000
VA-guaranteed (Veterans Administration) 3,423 $652,642,000 $190,000 $1,000,000 $43,000 $850,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,848 $277,998,000 $150,000 $563,000 $43,000 $615,000

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 23,529 $4,030,842,000 $171,000 $9,320,000 $89,000 $8,712,000
Loan Purchased By The Institution 9,944 $1,751,283,000 $176,000 $710,000 $47,000 $2,715,000
Application Denied By Financial Institution 6,263 $1,094,342,000 $174,000 $6,363,000 $82,000 $7,200,000
Application Withdrawn By Applicant 3,212 $596,692,000 $185,000 $3,000,000 $90,000 $2,920,000
Application Approved But Not Accepted 1,789 $308,921,000 $172,000 $1,925,000 $94,000 $4,041,000
File Closed For Incompleteness 990 $195,224,000 $197,000 $1,773,000 $95,000 $2,400,000
Preapproval Denied by Financial Institution 3 $387,000 $129,000 $138,000 $28,000 $34,000
Preapproval Approved but not Accepted 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
Collateral 1,435 $312,730,000 $217,000 $6,000,000 $122,000 $7,200,000
Debt-To-Income Ratio 1,069 $212,118,000 $198,000 $5,959,000 $57,000 $780,000
Credit History 951 $110,979,000 $116,000 $800,000 $67,000 $1,040,000
Other 606 $108,181,000 $178,000 $6,363,000 $99,000 $2,239,000
Credit Application Incomplete 432 $76,802,000 $177,000 $992,000 $75,000 $1,110,000
Unverifiable Information 166 $31,133,000 $187,000 $980,000 $89,000 $1,375,000
Employment History 97 $11,471,000 $118,000 $604,000 $57,000 $300,000
Insufficient Cash (Downpayment, Closing Cost) 88 $17,310,000 $196,000 $1,088,000 $89,000 $1,127,000
Mortgage Insurance Denied 3 $760,000 $253,000 $315,000 $84,000 $104,000
Download the Montana Lender List

Mortgage Loan Application Totals in 2011 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 9,902 $ 1,622,547,000 $ 163,000 $ 73,000
Great Falls, MT 5,193 $ 692,196,000 $ 133,000 $ 66,000
Missoula, MT 5,815 $ 1,087,539,000 $ 187,000 $ 80,000
Download the Montana Lender List

Mortgage Loan Application Totals in 2011 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 283 $ 38,987,000 $ 137,000 $ 94,000
Big Horn 185 $ 22,670,000 $ 122,000 $ 82,000
Blaine 74 $ 11,776,000 $ 159,000 $ 59,000
Broadwater 154 $ 28,724,000 $ 186,000 $ 63,000
Carbon 596 $ 115,212,000 $ 193,000 $ 106,000
Carter 8 $ 2,113,000 $ 264,000 $ 148,000
Cascade 5,194 $ 692,227,000 $ 133,000 $ 65,000
Chouteau 146 $ 16,106,000 $ 110,000 $ 66,000
Custer 463 $ 55,902,000 $ 120,000 $ 69,000
Daniels 45 $ 4,984,000 $ 110,000 $ 57,000
Dawson 307 $ 37,541,000 $ 122,000 $ 69,000
Deer Lodge 235 $ 29,230,000 $ 124,000 $ 62,000
Fallon 81 $ 9,670,000 $ 119,000 $ 73,000
Fergus 419 $ 56,047,000 $ 133,000 $ 56,000
Flathead 3,825 $ 831,173,000 $ 217,000 $ 92,000
Gallatin 4,909 $ 1,162,745,000 $ 236,000 $ 109,000
Garfield 14 $ 2,990,000 $ 213,000 $ 92,000
Glacier 213 $ 21,242,000 $ 99,000 $ 58,000
Golden Valley 21 $ 2,487,000 $ 118,000 $ 43,000
Granite 99 $ 18,468,000 $ 186,000 $ 107,000
Hill 530 $ 62,354,000 $ 117,000 $ 64,000
Jefferson 563 $ 105,034,000 $ 186,000 $ 70,000
Judith Basin 48 $ 5,914,000 $ 123,000 $ 73,000
Lake 991 $ 212,839,000 $ 214,000 $ 102,000
Lewis and Clark 2,911 $ 501,800,000 $ 172,000 $ 69,000
Liberty 31 $ 2,801,000 $ 90,000 $ 57,000
Lincoln 542 $ 84,403,000 $ 155,000 $ 64,000
Madison 397 $ 106,316,000 $ 267,000 $ 145,000
McCone 29 $ 4,098,000 $ 141,000 $ 73,000
Meagher 42 $ 6,668,000 $ 158,000 $ 67,000
Mineral 152 $ 23,672,000 $ 155,000 $ 64,000
Missoula 5,818 $ 1,088,017,000 $ 187,000 $ 80,000
Musselshell 169 $ 20,912,000 $ 123,000 $ 65,000
Park 601 $ 112,219,000 $ 186,000 $ 94,000
Petroleum 10 $ 563,000 $ 56,000 $ 37,000
Phillips 82 $ 9,575,000 $ 116,000 $ 50,000
Pondera 215 $ 24,566,000 $ 114,000 $ 51,000
Powder River 22 $ 6,294,000 $ 286,000 $ 98,000
Powell 101 $ 30,170,000 $ 298,000 $ 189,000
Prairie 44 $ 6,082,000 $ 138,000 $ 54,000
Ravalli 2,150 $ 405,485,000 $ 188,000 $ 81,000
Richland 515 $ 63,998,000 $ 124,000 $ 73,000
Roosevelt 96 $ 8,164,000 $ 85,000 $ 103,000
Rosebud 226 $ 31,718,000 $ 140,000 $ 84,000
Sanders 390 $ 59,274,000 $ 151,000 $ 54,000
Sheridan 87 $ 7,158,000 $ 82,000 $ 57,000
Silver Bow 995 $ 125,331,000 $ 125,000 $ 65,000
Stillwater 507 $ 80,777,000 $ 159,000 $ 75,000
Sweet Grass 133 $ 22,380,000 $ 168,000 $ 68,000
Teton 293 $ 35,131,000 $ 119,000 $ 74,000
Toole 142 $ 15,065,000 $ 106,000 $ 58,000
Treasure 16 $ 1,676,000 $ 104,000 $ 79,000
Valley 214 $ 24,874,000 $ 116,000 $ 63,000
Wheatland 23 $ 5,783,000 $ 251,000 $ 146,000
Wibaux 22 $ 2,243,000 $ 101,000 $ 70,000
Yellowstone 9,319 $ 1,508,049,000 $ 161,000 $ 71,000

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