Montana Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 35,439 mortgage applications in Montana totaling $11.7 billion, up 12% from 2023. The average application was for $331,000, and applicants reported an average income of $157,000. 55% of applications resulted in an originated loan and 15% were denied. The most active lenders were Glacier Bank (2,732 applications), Stockman Bank of Montana and Opportunity Bank of Montana.
See the top mortgage lenders in Montana, browse lending by metro area and by county, or see the mortgage lenders headquartered in Montana and Montana lenders by city.
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Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Montana's mortgage market trends.
| Years | 2025 2024 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 | 35,439 |
| Total Mortgage Loan Application Amount | $11,739,185,000 |
| Average Mortgage Loan Application Amount | $331,000 |
| Highest Mortgage Loan Application Amount | $38,775,000 |
| Average Applicant Income | $157,000 |
| Highest Applicant Income | $9,014,000 |
Top 25 Mortgage Lenders in Montana (2024)
Ranked by the number of mortgage applications each lender received for properties in Montana in 2024, wherever the lender is based. For lenders headquartered in the state, see the full list of Montana mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in Montana.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Glacier Bank Kalispell, MT |
2,732 | $898,940,000 | $329,040 | $174,133 |
| 2 | Stockman Bank of Montana Miles City, MT |
2,591 | $735,595,000 | $283,903 | $148,310 |
| 3 | Opportunity Bank of Montana Helena, MT |
1,504 | $402,400,000 | $267,553 | $151,018 |
| 4 | United Wholesale Mortgage Plymouth, MI |
1,323 | $508,255,000 | $384,168 | $143,173 |
| 5 | Freedom Mortgage Corporation Boca Raton, FL |
1,183 | $460,865,000 | $389,573 | $122,206 |
| 6 | PennyMac Loan Services LLC Westlake Village, CA |
1,080 | $371,110,000 | $343,620 | $140,814 |
| 7 | First Interstate Bank Billings, MT |
1,030 | $230,130,000 | $223,427 | $173,150 |
| 8 | US Bank, N.A. Cincinnati, OH |
999 | $339,925,000 | $340,265 | $193,660 |
| 9 | Newrez LLC Fort Washington, PA |
830 | $300,790,000 | $362,397 | $149,669 |
| 10 | Evergreen Moneysource Mortgage Company Bellevue, WA |
818 | $289,470,000 | $353,875 | $130,089 |
| 11 | Crosscountry Mortgage, LLC Cleveland, OH |
789 | $327,905,000 | $415,595 | $166,475 |
| 12 | Mortgage Research Center Columbia, MO |
763 | $266,725,000 | $349,574 | $104,951 |
| 13 | Discover Bank Greenwood, DE |
757 | $67,305,000 | $88,910 | $133,188 |
| 14 | Guaranteed Rate, Inc. Chicago, IL |
719 | $307,905,000 | $428,240 | $191,567 |
| 15 | Guild Mortgage Company San Diego, CA |
575 | $158,015,000 | $274,808 | $112,513 |
| 16 | Altana Federal Credit Union Billings, MT |
544 | $76,010,000 | $139,724 | $137,346 |
| 17 | Amerisave Mortgage Company Sandy Springs, GA |
491 | $82,375,000 | $167,769 | $98,975 |
| 18 | Amerihome Mortgage Company, LLC Thousand Oaks, CA |
479 | $161,555,000 | $337,275 | $137,163 |
| 19 | 21st Mortgage Knoxville, TN |
455 | $62,585,000 | $137,549 | $71,767 |
| 20 | Valley Financial Credit Union Billings, MT |
413 | $69,295,000 | $167,784 | $130,263 |
| 21 | loanDepot.com LLC Irvine, CA |
390 | $79,810,000 | $204,641 | $121,084 |
| 22 | Navy Federal Credit Union Vienna, VA |
353 | $88,995,000 | $252,110 | $131,733 |
| 23 | New American Funding, Llc. Tustin, CA |
329 | $77,735,000 | $236,276 | $115,270 |
| 24 | Figure Lending LLC San Francisco, CA |
327 | $27,205,000 | $83,195 | $130,941 |
| 25 | CMG Mortgage Inc San Ramon, IL |
324 | $128,540,000 | $396,728 | $196,176 |
The tables below break down 2024 mortgage applications in Montana by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Montana in 2024
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 | 18,122 | $7,409,840,000 | $408,000 | $30,545,000 | $172,000 | $8,788,000 |
| Cash-out Refinancing | 5,796 | $1,723,970,000 | $297,000 | $24,005,000 | $126,000 | $8,999,000 |
| Refinancing | 4,324 | $1,572,840,000 | $363,000 | $38,775,000 | $158,000 | $8,016,000 |
| Other Purpose | 3,937 | $628,165,000 | $159,000 | $21,935,000 | $148,000 | $9,014,000 |
| Home Improvement | 3,231 | $400,155,000 | $123,000 | $11,875,000 | $143,000 | $3,788,000 |
| Not Applicable | 29 | $4,215,000 | $145,000 | $655,000 | $126,000 | $177,000 |
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 | 25,439 | $7,642,545,000 | $300,000 | $24,005,000 | $154,000 | $9,014,000 |
| Not applicable | 4,009 | $2,129,165,000 | $531,000 | $38,775,000 | $179,000 | $1,166,000 |
| Not Provided | 3,879 | $1,361,875,000 | $351,000 | $10,005,000 | $185,000 | $8,999,000 |
| Hispanic | 1,011 | $304,095,000 | $300,000 | $6,245,000 | $147,000 | $3,966,000 |
| American Indian or Alaskan Native | 612 | $131,940,000 | $215,000 | $1,145,000 | $112,000 | $1,980,000 |
| Asian | 304 | $118,690,000 | $390,000 | $5,745,000 | $171,000 | $1,996,000 |
| Black or African American | 136 | $37,750,000 | $277,000 | $1,905,000 | $109,000 | $1,055,000 |
| Native Hawaiian or Other Pacific Islander | 48 | $13,000,000 | $270,000 | $755,000 | $138,000 | $1,066,000 |
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) | 26,494 | $8,525,610,000 | $321,000 | $33,985,000 | $171,000 | $9,014,000 |
| VA-guaranteed (Veterans Administration) | 4,495 | $1,839,645,000 | $409,000 | $3,005,000 | $117,000 | $6,321,000 |
| FHA-insured (Federal Housing Administration) | 4,248 | $1,330,870,000 | $313,000 | $38,775,000 | $92,000 | $6,346,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 202 | $43,060,000 | $213,000 | $515,000 | $75,000 | $148,000 |
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 | 19,390 | $6,682,530,000 | $344,000 | $33,985,000 | $163,000 | $8,788,000 |
| Application Denied By Financial Institution | 5,302 | $1,266,460,000 | $238,000 | $24,005,000 | $121,000 | $8,999,000 |
| Application Withdrawn By Applicant | 5,057 | $1,833,065,000 | $362,000 | $38,775,000 | $169,000 | $9,014,000 |
| Loan Purchased By The Institution | 3,515 | $1,323,415,000 | $376,000 | $2,455,000 | $174,000 | $1,780,000 |
| File Closed For Incompleteness | 1,419 | $380,115,000 | $267,000 | $5,475,000 | $155,000 | $6,568,000 |
| Application Approved But Not Accepted | 706 | $236,550,000 | $335,000 | $10,005,000 | $154,000 | $3,709,000 |
| Preapproval Approved but not Accepted | 39 | $13,875,000 | $355,000 | $845,000 | $134,000 | $429,000 |
| Preapproval Denied by Financial Institution | 11 | $3,175,000 | $288,000 | $635,000 | $61,000 | $116,000 |
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 | 29,030 | $10,095,580,000 | $347,000 | $38,775,000 | $163,000 | $9,014,000 |
| Debt-To-Income Ratio | 2,935 | $879,775,000 | $299,000 | $24,005,000 | $125,000 | $8,233,000 |
| Credit History | 1,055 | $175,175,000 | $166,000 | $1,805,000 | $112,000 | $2,000,000 |
| Collateral | 871 | $189,905,000 | $218,000 | $2,305,000 | $169,000 | $8,999,000 |
| Credit Application Incomplete | 751 | $154,505,000 | $205,000 | $3,005,000 | $127,000 | $2,779,000 |
| Other | 394 | $119,940,000 | $304,000 | $7,005,000 | $160,000 | $3,480,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 182 | $48,290,000 | $265,000 | $2,405,000 | $124,000 | $1,558,000 |
| Unverifiable Information | 174 | $63,640,000 | $365,000 | $9,995,000 | $183,000 | $7,158,000 |
| Employment History | 47 | $12,375,000 | $263,000 | $825,000 | $83,000 | $377,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Mortgage Loan Application Totals in 2024 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 | 7,283 | $ 1,892,385,000 | $ 259,000 | $ 135,000 |
| Bozeman, MT | 4,075 | $ 2,087,385,000 | $ 512,000 | $ 243,000 |
| Great Falls, MT | 3,111 | $ 817,975,000 | $ 262,000 | $ 118,000 |
| Helena, MT | 3,555 | $ 1,106,575,000 | $ 311,000 | $ 137,000 |
| Missoula, MT | 3,524 | $ 1,208,890,000 | $ 343,000 | $ 156,000 |
Mortgage Loan Application Totals in 2024 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 | 229 | $ 61,045,000 | $ 266,000 | $ 139,000 |
| Big Horn | 131 | $ 28,865,000 | $ 220,000 | $ 82,000 |
| Blaine | 83 | $ 11,855,000 | $ 142,000 | $ 107,000 |
| Broadwater | 438 | $ 142,440,000 | $ 325,000 | $ 137,000 |
| Carbon | 467 | $ 137,995,000 | $ 295,000 | $ 227,000 |
| Carter | 10 | $ 1,250,000 | $ 125,000 | $ 93,000 |
| Cascade | 3,111 | $ 817,975,000 | $ 262,000 | $ 118,000 |
| Chouteau | 84 | $ 15,660,000 | $ 186,000 | $ 96,000 |
| Custer | 275 | $ 46,135,000 | $ 167,000 | $ 103,000 |
| Daniels | 34 | $ 4,970,000 | $ 146,000 | $ 107,000 |
| Dawson | 210 | $ 31,740,000 | $ 151,000 | $ 94,000 |
| Deer Lodge | 363 | $ 71,805,000 | $ 197,000 | $ 109,000 |
| Fallon | 61 | $ 10,835,000 | $ 177,000 | $ 103,000 |
| Fergus | 295 | $ 60,985,000 | $ 206,000 | $ 104,000 |
| Flathead | 3,755 | $ 1,636,975,000 | $ 435,000 | $ 208,000 |
| Gallatin | 4,075 | $ 2,087,385,000 | $ 512,000 | $ 243,000 |
| Garfield | 12 | $ 2,440,000 | $ 203,000 | $ 318,000 |
| Glacier | 150 | $ 21,060,000 | $ 140,000 | $ 89,000 |
| Golden Valley | 13 | $ 2,905,000 | $ 223,000 | $ 77,000 |
| Granite | 106 | $ 40,890,000 | $ 385,000 | $ 177,000 |
| Hill | 392 | $ 67,740,000 | $ 172,000 | $ 114,000 |
| Jefferson | 511 | $ 161,465,000 | $ 315,000 | $ 134,000 |
| Judith Basin | 42 | $ 8,070,000 | $ 192,000 | $ 95,000 |
| Lake | 842 | $ 315,960,000 | $ 375,000 | $ 164,000 |
| Lewis and Clark | 2,606 | $ 802,670,000 | $ 308,000 | $ 138,000 |
| Liberty | 27 | $ 3,735,000 | $ 138,000 | $ 84,000 |
| Lincoln | 696 | $ 192,620,000 | $ 276,000 | $ 144,000 |
| Madison | 490 | $ 506,540,000 | $ 1,033,000 | $ 336,000 |
| McCone | 17 | $ 3,285,000 | $ 193,000 | $ 92,000 |
| Meagher | 64 | $ 17,600,000 | $ 275,000 | $ 135,000 |
| Mineral | 200 | $ 52,200,000 | $ 261,000 | $ 107,000 |
| Missoula | 3,324 | $ 1,156,690,000 | $ 347,000 | $ 159,000 |
| Musselshell | 166 | $ 34,400,000 | $ 207,000 | $ 102,000 |
| Park | 614 | $ 215,360,000 | $ 350,000 | $ 168,000 |
| Petroleum | 8 | $ 2,640,000 | $ 330,000 | $ 127,000 |
| Phillips | 72 | $ 10,420,000 | $ 144,000 | $ 83,000 |
| Pondera | 134 | $ 23,930,000 | $ 178,000 | $ 90,000 |
| Powder River | 12 | $ 2,360,000 | $ 196,000 | $ 91,000 |
| Powell | 177 | $ 55,305,000 | $ 312,000 | $ 170,000 |
| Prairie | 7 | $ 625,000 | $ 89,000 | $ 103,000 |
| Ravalli | 1,444 | $ 499,410,000 | $ 345,000 | $ 145,000 |
| Richland | 266 | $ 54,040,000 | $ 203,000 | $ 117,000 |
| Roosevelt | 128 | $ 16,320,000 | $ 127,000 | $ 98,000 |
| Rosebud | 140 | $ 23,620,000 | $ 168,000 | $ 93,000 |
| Sanders | 433 | $ 112,785,000 | $ 260,000 | $ 107,000 |
| Sheridan | 58 | $ 8,660,000 | $ 149,000 | $ 93,000 |
| Silver Bow | 1,234 | $ 261,090,000 | $ 211,000 | $ 108,000 |
| Stillwater | 371 | $ 106,055,000 | $ 285,000 | $ 137,000 |
| Sweet Grass | 90 | $ 36,290,000 | $ 403,000 | $ 144,000 |
| Teton | 213 | $ 47,395,000 | $ 222,000 | $ 99,000 |
| Toole | 88 | $ 16,780,000 | $ 190,000 | $ 92,000 |
| Treasure | 13 | $ 3,475,000 | $ 267,000 | $ 106,000 |
| Valley | 148 | $ 25,340,000 | $ 171,000 | $ 111,000 |
| Wheatland | 52 | $ 9,150,000 | $ 175,000 | $ 98,000 |
| Wibaux | 13 | $ 1,615,000 | $ 124,000 | $ 59,000 |
| Yellowstone | 6,445 | $ 1,648,335,000 | $ 255,000 | $ 128,000 |
Our comprehensive HMDA mortgage statistics offer invaluable insights into Montana's 2024 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.
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