Montana
Mortgage Loan Application
Totals and Details
in 2019

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 2003-2019 in all of Montana.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 53,152
Total Mortgage Loan Application Amount $13,314,200,000
Average Mortgage Loan Application Amount $250,000
Highest Mortgage Loan Application Amount $29,015,000
Average Applicant Income $114,000
Highest Applicant Income $8,595,000

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 2019

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 26,306 $7,068,480,000 $268,000 $29,015,000 $116,000 $7,432,000
Refinancing 10,513 $2,931,395,000 $278,000 $12,925,000 $124,000 $8,263,000
Cash-out Refinancing 10,489 $2,585,965,000 $246,000 $15,005,000 $94,000 $5,501,000
Other Purpose 3,045 $443,305,000 $145,000 $19,505,000 $136,000 $8,595,000
Home Improvement 2,433 $219,795,000 $90,000 $9,005,000 $114,000 $7,175,000
Not Applicable 366 $65,260,000 $178,000 $1,255,000 $124,000 $946,000

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 41,160 $9,670,080,000 $234,000 $10,025,000 $112,000 $8,595,000
Not applicable 5,441 $1,884,475,000 $346,000 $29,015,000 $109,000 $3,424,000
Not Provided 4,489 $1,307,545,000 $291,000 $11,755,000 $145,000 $7,175,000
Hispanic 833 $178,475,000 $214,000 $3,185,000 $88,000 $1,285,000
American Indian or Alaskan Native 659 $116,695,000 $177,000 $2,205,000 $83,000 $876,000
Asian 276 $94,100,000 $340,000 $8,255,000 $149,000 $5,592,000
Black or African American 185 $37,815,000 $204,000 $485,000 $85,000 $367,000
Native Hawaiian or Other Pacific Islander 44 $10,030,000 $227,000 $485,000 $82,000 $240,000

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) 38,367 $9,847,655,000 $256,000 $29,015,000 $127,000 $8,595,000
VA-guaranteed (Veterans Administration) 7,299 $1,962,125,000 $268,000 $1,125,000 $76,000 $1,845,000
FHA-insured (Federal Housing Administration) 6,307 $1,279,125,000 $202,000 $2,115,000 $65,000 $1,407,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,179 $225,295,000 $191,000 $1,755,000 $57,000 $179,000

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 30,337 $7,765,475,000 $255,000 $19,505,000 $122,000 $8,595,000
Application Withdrawn By Applicant 7,603 $2,003,945,000 $263,000 $29,015,000 $108,000 $3,750,000
Loan Purchased By The Institution 7,058 $1,787,720,000 $253,000 $1,945,000 $107,000 $3,424,000
Application Denied By Financial Institution 5,848 $1,177,850,000 $201,000 $10,505,000 $89,000 $3,402,000
File Closed For Incompleteness 1,586 $395,120,000 $249,000 $10,505,000 $95,000 $1,985,000
Application Approved But Not Accepted 703 $180,405,000 $256,000 $4,505,000 $124,000 $1,347,000
Preapproval Approved but not Accepted 13 $2,615,000 $201,000 $525,000 $99,000 $260,000
Preapproval Denied by Financial Institution 4 $1,070,000 $267,000 $325,000 $61,000 $76,000

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 45,632 $11,731,220,000 $257,000 $29,015,000 $117,000 $8,595,000
Debt-To-Income Ratio 3,504 $816,140,000 $232,000 $16,655,000 $88,000 $3,000,000
Credit History 1,316 $193,810,000 $147,000 $7,805,000 $81,000 $3,347,000
Collateral 1,170 $238,530,000 $203,000 $4,805,000 $115,000 $2,608,000
Other 556 $118,990,000 $214,000 $4,005,000 $110,000 $3,402,000
Credit Application Incomplete 502 $116,080,000 $231,000 $3,255,000 $96,000 $1,490,000
Unverifiable Information 261 $51,175,000 $196,000 $2,645,000 $126,000 $3,128,000
Insufficient Cash (Downpayment, Closing Cost) 114 $28,920,000 $253,000 $1,915,000 $122,000 $1,643,000
Employment History 96 $18,470,000 $192,000 $435,000 $60,000 $360,000
Mortgage Insurance Denied 1 $865,000 $865,000 $865,000 $227,000 $227,000
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Mortgage Loan Application Totals in 2019 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 9,810 $ 2,101,090,000 $ 214,000 $ 99,000
GREAT FALLS, MT 4,440 $ 862,570,000 $ 194,000 $ 83,000
MISSOULA, MT 5,999 $ 1,462,005,000 $ 243,000 $ 113,000
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Mortgage Loan Application Totals in 2019 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 374 $ 67,680,000 $ 180,000 $ 87,000
Big Horn 108 $ 12,960,000 $ 120,000 $ 72,000
Blaine 72 $ 8,480,000 $ 117,000 $ 65,000
Broadwater 491 $ 111,045,000 $ 226,000 $ 85,000
Carbon 604 $ 133,060,000 $ 220,000 $ 121,000
Carter 11 $ 1,675,000 $ 152,000 $ 86,000
Cascade 4,441 $ 862,725,000 $ 194,000 $ 83,000
Chouteau 120 $ 14,470,000 $ 120,000 $ 65,000
Custer 385 $ 50,915,000 $ 132,000 $ 78,000
Daniels 22 $ 3,310,000 $ 150,000 $ 81,000
Dawson 269 $ 38,105,000 $ 141,000 $ 89,000
Deer Lodge 368 $ 50,770,000 $ 137,000 $ 77,000
Fallon 80 $ 11,030,000 $ 137,000 $ 108,000
Fergus 404 $ 58,770,000 $ 145,000 $ 75,000
Flathead 7,059 $ 1,933,995,000 $ 273,000 $ 119,000
Gallatin 7,319 $ 2,531,885,000 $ 345,000 $ 155,000
Garfield 13 $ 2,255,000 $ 173,000 $ 77,000
Glacier 180 $ 18,400,000 $ 102,000 $ 74,000
Golden Valley 19 $ 2,285,000 $ 120,000 $ 75,000
Granite 155 $ 35,635,000 $ 229,000 $ 147,000
Hill 384 $ 62,350,000 $ 162,000 $ 90,000
Jefferson 689 $ 170,225,000 $ 247,000 $ 104,000
Judith Basin 57 $ 8,145,000 $ 142,000 $ 86,000
Lake 1,346 $ 369,520,000 $ 274,000 $ 129,000
Lewis and Clark 3,680 $ 837,140,000 $ 227,000 $ 94,000
Liberty 31 $ 2,635,000 $ 85,000 $ 61,000
Lincoln 902 $ 167,550,000 $ 185,000 $ 86,000
Madison 667 $ 723,115,000 $ 1,084,000 $ 549,000
McCone 16 $ 2,620,000 $ 163,000 $ 83,000
Meagher 37 $ 6,115,000 $ 165,000 $ 112,000
Mineral 274 $ 53,380,000 $ 194,000 $ 74,000
Missoula 6,009 $ 1,467,165,000 $ 244,000 $ 113,000
Musselshell 168 $ 28,740,000 $ 171,000 $ 75,000
Park 984 $ 264,410,000 $ 268,000 $ 119,000
Petroleum 4 $ 640,000 $ 160,000 $ 72,000
Phillips 90 $ 14,590,000 $ 162,000 $ 71,000
Pondera 140 $ 19,440,000 $ 138,000 $ 73,000
Powder River 14 $ 2,180,000 $ 155,000 $ 77,000
Powell 123 $ 31,875,000 $ 259,000 $ 109,000
Prairie 21 $ 1,775,000 $ 84,000 $ 68,000
Ravalli 2,512 $ 600,660,000 $ 239,000 $ 96,000
Richland 357 $ 73,325,000 $ 205,000 $ 100,000
Roosevelt 113 $ 19,245,000 $ 170,000 $ 93,000
Rosebud 134 $ 17,800,000 $ 132,000 $ 75,000
Sanders 473 $ 89,625,000 $ 189,000 $ 81,000
Sheridan 88 $ 11,480,000 $ 130,000 $ 85,000
Silver Bow 1,423 $ 224,135,000 $ 157,000 $ 83,000
Stillwater 481 $ 107,825,000 $ 224,000 $ 106,000
Sweet Grass 142 $ 31,110,000 $ 219,000 $ 101,000
Teton 231 $ 37,735,000 $ 163,000 $ 80,000
Toole 97 $ 11,795,000 $ 121,000 $ 78,000
Treasure 15 $ 1,985,000 $ 132,000 $ 56,000
Valley 184 $ 29,680,000 $ 161,000 $ 101,000
Wheatland 29 $ 6,125,000 $ 211,000 $ 133,000
Wibaux 6 $ 770,000 $ 128,000 $ 83,000
Yellowstone 8,737 $ 1,867,845,000 $ 213,000 $ 97,000

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