Montana
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Montana mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing 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 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 31,722
Total Mortgage Loan Application Amount $11,240,310,000
Average Mortgage Loan Application Amount $354,000
Highest Mortgage Loan Application Amount $49,005,000
Average Applicant Income $156,000
Highest Applicant Income $9,143,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Montana. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Montana, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Montana.

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Mortgage Loan Application Detail Totals for Montana in 2023

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 18,181 $7,620,615,000 $419,000 $49,005,000 $171,000 $9,143,000
Cash-out Refinancing 4,661 $1,445,175,000 $310,000 $20,805,000 $115,000 $4,994,000
Other Purpose 3,114 $834,400,000 $267,000 $24,105,000 $150,000 $8,316,000
Home Improvement 3,107 $380,335,000 $122,000 $15,385,000 $137,000 $5,238,000
Refinancing 2,591 $896,645,000 $346,000 $22,005,000 $159,000 $6,538,000
Not Applicable 68 $63,140,000 $928,000 $18,045,000 $79,000 $189,000

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 22,793 $6,707,855,000 $294,000 $14,465,000 $152,000 $9,101,000
Not applicable 3,776 $2,746,380,000 $727,000 $49,005,000 $183,000 $1,699,000
Not Provided 3,376 $1,285,480,000 $380,000 $15,005,000 $189,000 $9,143,000
Hispanic 768 $232,550,000 $302,000 $2,755,000 $138,000 $3,024,000
American Indian or Alaskan Native 560 $121,740,000 $217,000 $2,795,000 $98,000 $1,101,000
Asian 230 $80,140,000 $348,000 $1,805,000 $191,000 $4,245,000
Black or African American 126 $32,990,000 $261,000 $855,000 $119,000 $1,450,000
Native Hawaiian or Other Pacific Islander 47 $16,585,000 $352,000 $3,255,000 $184,000 $1,478,000

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) 24,230 $8,756,770,000 $361,000 $49,005,000 $172,000 $9,143,000
FHA-insured (Federal Housing Administration) 3,881 $1,127,215,000 $290,000 $16,145,000 $86,000 $598,000
VA-guaranteed (Veterans Administration) 3,412 $1,315,030,000 $385,000 $2,505,000 $107,000 $1,547,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 199 $41,295,000 $207,000 $415,000 $78,000 $213,000

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 17,401 $6,005,175,000 $345,000 $49,005,000 $165,000 $9,143,000
Application Withdrawn By Applicant 4,547 $1,676,335,000 $368,000 $13,005,000 $163,000 $8,316,000
Application Denied By Financial Institution 4,505 $1,091,945,000 $242,000 $19,215,000 $117,000 $6,538,000
Loan Purchased By The Institution 3,445 $1,982,055,000 $575,000 $24,005,000 $169,000 $1,699,000
File Closed For Incompleteness 1,273 $311,225,000 $244,000 $5,905,000 $124,000 $6,840,000
Application Approved But Not Accepted 502 $158,050,000 $314,000 $6,335,000 $167,000 $4,272,000
Preapproval Approved but not Accepted 27 $7,885,000 $292,000 $725,000 $107,000 $194,000
Preapproval Denied by Financial Institution 22 $7,640,000 $347,000 $595,000 $103,000 $314,000

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 26,552 $9,950,800,000 $374,000 $49,005,000 $162,000 $9,143,000
Debt-To-Income Ratio 2,323 $652,415,000 $280,000 $14,405,000 $110,000 $5,724,000
Credit History 928 $150,070,000 $161,000 $2,305,000 $112,000 $3,226,000
Collateral 766 $188,810,000 $246,000 $19,215,000 $158,000 $3,951,000
Credit Application Incomplete 441 $97,275,000 $220,000 $2,505,000 $123,000 $1,098,000
Other 350 $96,600,000 $276,000 $18,045,000 $162,000 $6,538,000
Insufficient Cash (Downpayment, Closing Cost) 145 $45,405,000 $313,000 $2,605,000 $159,000 $3,199,000
Unverifiable Information 142 $42,070,000 $296,000 $2,005,000 $136,000 $1,254,000
Employment History 75 $16,865,000 $224,000 $1,095,000 $88,000 $600,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
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Mortgage Loan Application Totals in 2023 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 6,426 $ 1,722,640,000 $ 268,000 $ 134,000
GREAT FALLS, MT 2,817 $ 663,545,000 $ 235,000 $ 107,000
MISSOULA, MT 3,123 $ 982,325,000 $ 314,000 $ 153,000
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Mortgage Loan Application Totals in 2023 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 242 $ 61,030,000 $ 252,000 $ 136,000
Big Horn 125 $ 23,485,000 $ 187,000 $ 89,000
Blaine 55 $ 7,155,000 $ 130,000 $ 93,000
Broadwater 399 $ 123,575,000 $ 309,000 $ 131,000
Carbon 417 $ 125,475,000 $ 300,000 $ 156,000
Carter 15 $ 1,565,000 $ 104,000 $ 72,000
Cascade 2,817 $ 663,545,000 $ 235,000 $ 107,000
Chouteau 94 $ 15,750,000 $ 167,000 $ 86,000
Custer 294 $ 50,000,000 $ 170,000 $ 88,000
Daniels 30 $ 4,440,000 $ 148,000 $ 91,000
Dawson 197 $ 33,775,000 $ 171,000 $ 101,000
Deer Lodge 322 $ 67,050,000 $ 208,000 $ 117,000
Fallon 43 $ 6,145,000 $ 142,000 $ 78,000
Fergus 304 $ 65,900,000 $ 216,000 $ 140,000
Flathead 3,313 $ 1,549,925,000 $ 467,000 $ 191,000
Gallatin 3,683 $ 2,074,465,000 $ 563,000 $ 252,000
Garfield 7 $ 625,000 $ 89,000 $ 78,000
Glacier 154 $ 23,310,000 $ 151,000 $ 96,000
Golden Valley 11 $ 2,915,000 $ 265,000 $ 120,000
Granite 93 $ 30,385,000 $ 326,000 $ 178,000
Hill 353 $ 69,395,000 $ 196,000 $ 99,000
Jefferson 389 $ 116,505,000 $ 299,000 $ 142,000
Judith Basin 45 $ 8,345,000 $ 185,000 $ 88,000
Lake 719 $ 270,465,000 $ 376,000 $ 190,000
Lewis and Clark 2,261 $ 619,525,000 $ 274,000 $ 130,000
Liberty 30 $ 3,320,000 $ 110,000 $ 75,000
Lincoln 630 $ 183,190,000 $ 290,000 $ 120,000
Madison 526 $ 1,147,960,000 $ 2,182,000 $ 575,000
McCone 15 $ 2,265,000 $ 151,000 $ 117,000
Meagher 28 $ 6,370,000 $ 227,000 $ 169,000
Mineral 197 $ 56,285,000 $ 285,000 $ 126,000
Missoula 3,123 $ 982,325,000 $ 314,000 $ 153,000
Musselshell 178 $ 37,940,000 $ 213,000 $ 88,000
Park 561 $ 220,935,000 $ 393,000 $ 168,000
Petroleum 6 $ 1,000,000 $ 166,000 $ 63,000
Phillips 76 $ 11,730,000 $ 154,000 $ 105,000
Pondera 128 $ 20,810,000 $ 162,000 $ 79,000
Powder River 12 $ 2,080,000 $ 173,000 $ 94,000
Powell 142 $ 37,240,000 $ 262,000 $ 157,000
Prairie 18 $ 1,660,000 $ 92,000 $ 80,000
Ravalli 1,227 $ 430,725,000 $ 351,000 $ 146,000
Richland 197 $ 40,425,000 $ 205,000 $ 106,000
Roosevelt 85 $ 10,985,000 $ 129,000 $ 84,000
Rosebud 131 $ 23,445,000 $ 178,000 $ 92,000
Sanders 306 $ 73,020,000 $ 238,000 $ 104,000
Sheridan 64 $ 8,860,000 $ 138,000 $ 121,000
Silver Bow 1,084 $ 222,910,000 $ 205,000 $ 101,000
Stillwater 273 $ 80,335,000 $ 294,000 $ 139,000
Sweet Grass 70 $ 15,670,000 $ 223,000 $ 107,000
Teton 167 $ 39,035,000 $ 233,000 $ 108,000
Toole 141 $ 17,855,000 $ 126,000 $ 80,000
Treasure 9 $ 1,255,000 $ 139,000 $ 75,000
Valley 144 $ 23,720,000 $ 164,000 $ 133,000
Wheatland 24 $ 3,520,000 $ 146,000 $ 74,000
Wibaux 12 $ 1,860,000 $ 155,000 $ 88,000
Yellowstone 5,736 $ 1,516,830,000 $ 264,000 $ 132,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Montana's 2023 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.

Download the Montana Lender List