Montana
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Montana.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Montana.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 45,597
Total Mortgage Loan Application Amount $10,166,298,000
Average Mortgage Loan Application Amount $222,000
Highest Mortgage Loan Application Amount $19,929,000
Average Applicant Income $86,000
Highest Applicant Income $9,999,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Montana, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to 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 2017

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 25,900 $6,091,766,000 $235,000 $16,613,000 $88,000 $9,999,000
Refinancing 16,641 $3,679,354,000 $221,000 $19,929,000 $82,000 $9,000,000
Home Improvement 3,056 $395,178,000 $129,000 $16,500,000 $84,000 $3,000,000

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 33,668 $7,179,924,000 $213,000 $8,850,000 $97,000 $9,999,000
Not applicable 7,165 $1,944,390,000 $271,000 $19,929,000 $23,000 $2,449,000
Not Provided 3,005 $718,140,000 $238,000 $10,000,000 $110,000 $4,724,000
Hispanic 733 $141,175,000 $192,000 $1,200,000 $79,000 $1,471,000
American Indian or Alaskan Native 563 $86,393,000 $153,000 $1,150,000 $67,000 $1,398,000
Asian 225 $48,973,000 $217,000 $1,000,000 $109,000 $1,430,000
Black or African American 135 $25,405,000 $188,000 $1,120,000 $83,000 $780,000
Native Hawaiin or Other Pacific Islander 103 $21,898,000 $212,000 $950,000 $94,000 $786,000

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) 30,854 $7,106,474,000 $230,000 $16,613,000 $103,000 $9,999,000
FHA-insured (Federal Housing Administration) 6,513 $1,228,702,000 $188,000 $19,929,000 $47,000 $961,000
VA-guaranteed (Veterans Administration) 6,334 $1,490,029,000 $235,000 $1,176,000 $57,000 $1,140,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,896 $341,093,000 $179,000 $648,000 $34,000 $411,000

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 24,577 $5,642,606,000 $229,000 $19,929,000 $100,000 $9,999,000
Loan Purchased By The Institution 8,242 $1,813,585,000 $220,000 $2,359,000 $37,000 $1,415,000
Application Denied By Financial Institution 5,248 $1,015,368,000 $193,000 $7,400,000 $79,000 $7,909,000
Application Withdrawn By Applicant 4,803 $1,094,657,000 $227,000 $12,500,000 $99,000 $9,000,000
Application Approved But Not Accepted 1,524 $345,603,000 $226,000 $3,500,000 $104,000 $5,000,000
File Closed For Incompleteness 1,203 $254,479,000 $211,000 $7,950,000 $85,000 $2,204,000
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 877 $196,025,000 $223,000 $2,000,000 $64,000 $1,092,000
Collateral 665 $151,867,000 $228,000 $4,875,000 $116,000 $4,012,000
Credit History 660 $96,227,000 $145,000 $980,000 $88,000 $7,909,000
Credit Application Incomplete 382 $73,197,000 $191,000 $979,000 $88,000 $2,996,000
Other 207 $56,271,000 $271,000 $7,400,000 $113,000 $2,070,000
Unverifiable Information 105 $24,084,000 $229,000 $1,920,000 $99,000 $521,000
Insufficient Cash (Downpayment, Closing Cost) 74 $17,712,000 $239,000 $1,092,000 $78,000 $509,000
Employment History 55 $10,578,000 $192,000 $760,000 $65,000 $250,000
Mortgage Insurance Denied 1 $204,000 $204,000 $204,000 $59,000 $59,000
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Mortgage Loan Application Totals in 2017 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 8,741 $ 1,784,564,000 $ 204,000 $ 76,000
GREAT FALLS, MT 4,135 $ 671,921,000 $ 162,000 $ 65,000
MISSOULA, MT 4,980 $ 1,180,659,000 $ 237,000 $ 91,000
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Mortgage Loan Application Totals in 2017 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 $ 55,837,000 $ 197,000 $ 126,000
Big Horn 122 $ 18,979,000 $ 155,000 $ 82,000
Blaine 80 $ 11,800,000 $ 147,000 $ 53,000
Broadwater 364 $ 72,393,000 $ 198,000 $ 70,000
Carbon 533 $ 113,818,000 $ 213,000 $ 101,000
Carter 15 $ 6,305,000 $ 420,000 $ 56,000
Cascade 4,137 $ 672,274,000 $ 162,000 $ 65,000
Chouteau 116 $ 21,835,000 $ 188,000 $ 86,000
Custer 363 $ 54,444,000 $ 149,000 $ 75,000
Daniels 42 $ 7,406,000 $ 176,000 $ 80,000
Dawson 247 $ 43,991,000 $ 178,000 $ 76,000
Deer Lodge 323 $ 44,457,000 $ 137,000 $ 69,000
Fallon 65 $ 13,431,000 $ 206,000 $ 80,000
Fergus 360 $ 57,326,000 $ 159,000 $ 64,000
Flathead 5,185 $ 1,295,760,000 $ 249,000 $ 86,000
Gallatin 5,983 $ 1,777,655,000 $ 297,000 $ 117,000
Garfield 15 $ 4,157,000 $ 277,000 $ 92,000
Glacier 173 $ 27,857,000 $ 161,000 $ 68,000
Golden Valley 18 $ 1,662,000 $ 92,000 $ 29,000
Granite 143 $ 32,590,000 $ 227,000 $ 113,000
Hill 406 $ 60,532,000 $ 149,000 $ 64,000
Jefferson 531 $ 119,641,000 $ 225,000 $ 85,000
Judith Basin 61 $ 16,387,000 $ 268,000 $ 107,000
Lake 1,018 $ 243,755,000 $ 239,000 $ 92,000
Lewis and Clark 3,148 $ 659,853,000 $ 209,000 $ 75,000
Liberty 30 $ 3,674,000 $ 122,000 $ 62,000
Lincoln 648 $ 128,267,000 $ 197,000 $ 63,000
Madison 562 $ 344,790,000 $ 613,000 $ 305,000
McCone 23 $ 3,855,000 $ 167,000 $ 57,000
Meagher 58 $ 8,919,000 $ 153,000 $ 77,000
Mineral 203 $ 32,188,000 $ 158,000 $ 63,000
Missoula 4,983 $ 1,180,854,000 $ 236,000 $ 91,000
Musselshell 199 $ 35,668,000 $ 179,000 $ 63,000
Park 827 $ 193,588,000 $ 234,000 $ 85,000
Petroleum 5 $ 679,000 $ 135,000 $ 80,000
Phillips 75 $ 9,503,000 $ 126,000 $ 57,000
Pondera 148 $ 20,633,000 $ 139,000 $ 63,000
Powder River 26 $ 12,001,000 $ 461,000 $ 68,000
Powell 135 $ 25,843,000 $ 191,000 $ 102,000
Prairie 35 $ 7,958,000 $ 227,000 $ 93,000
Ravalli 2,120 $ 477,778,000 $ 225,000 $ 75,000
Richland 345 $ 68,232,000 $ 197,000 $ 76,000
Roosevelt 104 $ 14,273,000 $ 137,000 $ 66,000
Rosebud 188 $ 21,063,000 $ 112,000 $ 64,000
Sanders 362 $ 67,105,000 $ 185,000 $ 77,000
Sheridan 103 $ 14,149,000 $ 137,000 $ 63,000
Silver Bow 1,334 $ 189,687,000 $ 142,000 $ 66,000
Stillwater 452 $ 90,892,000 $ 201,000 $ 75,000
Sweet Grass 112 $ 22,266,000 $ 198,000 $ 72,000
Teton 173 $ 25,967,000 $ 150,000 $ 61,000
Toole 100 $ 15,648,000 $ 156,000 $ 64,000
Treasure 9 $ 1,252,000 $ 139,000 $ 74,000
Valley 184 $ 31,068,000 $ 168,000 $ 65,000
Wheatland 37 $ 4,772,000 $ 128,000 $ 49,000
Wibaux 17 $ 4,536,000 $ 266,000 $ 39,000
Yellowstone 8,203 $ 1,669,876,000 $ 203,000 $ 74,000

We hope these totals and details for mortgage applications 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 MT.

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