Valley County, MT Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 148 mortgage applications in Valley County, MT totaling $25.3 million, up 3% from 2023. The average application was for $171,000, and applicants reported an average income of $111,000. 57% of applications resulted in an originated loan and 16% were denied. The most active lender was Opportunity Bank of Montana, with 22 applications, followed by Independence Bank and United Wholesale Mortgage.
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| 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 | 148 |
| Total Mortgage Loan Application Amount | $25,340,000 |
| Average Mortgage Loan Application Amount | $171,000 |
| Highest Mortgage Loan Application Amount | $685,000 |
| Average Applicant Income | $111,000 |
| Highest Applicant Income | $1,436,000 |
Top Mortgage Lenders in Valley County, MT (2024)
Ranked by the number of mortgage applications each lender reported in Valley County, MT in 2024.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Opportunity Bank of Montana Helena, MT |
22 | $3,210,000 | $145,000 | $84,000 |
| 2 | Independence Bank Havre, MT |
20 | $2,140,000 | $107,000 | $243,000 |
| 3 | United Wholesale Mortgage Plymouth, MI |
13 | $2,975,000 | $228,000 | $76,000 |
| 4 | PennyMac Loan Services LLC Westlake Village, CA |
8 | $1,330,000 | $166,000 | $112,000 |
| 5 | Discover Bank Greenwood, DE |
7 | $335,000 | $47,000 | $91,000 |
| 6 | Wells Fargo Bank NA Minneapolis, MN |
5 | $495,000 | $99,000 | $84,000 |
| 7 | Freedom Mortgage Corporation Boca Raton, FL |
5 | $1,135,000 | $227,000 | $0 |
| 8 | Mortgage Research Center Columbia, MO |
4 | $1,010,000 | $252,000 | $71,000 |
| 9 | PHH Mortgage Corporation West Palm Beach, FL |
4 | $760,000 | $190,000 | $130,000 |
| 10 | Crosscountry Mortgage, LLC Cleveland, OH |
3 | $435,000 | $145,000 | $104,000 |
The tables below break down 2024 mortgage applications in Valley County, MT by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Valley County, MT 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 | 87 | $16,625,000 | $191,000 | $685,000 | $104,000 | $1,427,000 |
| Other Purpose | 18 | $1,930,000 | $107,000 | $505,000 | $186,000 | $1,436,000 |
| Cash-out Refinancing | 17 | $2,375,000 | $139,000 | $305,000 | $71,000 | $170,000 |
| Refinancing | 15 | $3,635,000 | $242,000 | $545,000 | $104,000 | $348,000 |
| Home Improvement | 11 | $775,000 | $70,000 | $175,000 | $93,000 | $212,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 111 | $18,345,000 | $165,000 | $685,000 | $116,000 | $1,436,000 |
| Not applicable | 14 | $2,810,000 | $200,000 | $545,000 | $0 | $0 |
| Not Provided | 12 | $1,630,000 | $135,000 | $315,000 | $90,000 | $212,000 |
| Hispanic | 5 | $745,000 | $149,000 | $245,000 | $71,000 | $128,000 |
| American Indian or Alaskan Native | 4 | $1,360,000 | $340,000 | $685,000 | $103,000 | $206,000 |
| Asian | 1 | $315,000 | $315,000 | $315,000 | $93,000 | $93,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $135,000 | $135,000 | $135,000 | $42,000 | $42,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 111 | $17,885,000 | $161,000 | $685,000 | $119,000 | $1,436,000 |
| VA-guaranteed (Veterans Administration) | 18 | $4,450,000 | $247,000 | $425,000 | $93,000 | $142,000 |
| FHA-insured (Federal Housing Administration) | 16 | $2,480,000 | $155,000 | $245,000 | $60,000 | $142,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $525,000 | $175,000 | $175,000 | $62,000 | $72,000 |
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 | 85 | $15,815,000 | $186,000 | $685,000 | $131,000 | $1,436,000 |
| Application Denied By Financial Institution | 23 | $2,595,000 | $112,000 | $345,000 | $66,000 | $145,000 |
| Application Withdrawn By Applicant | 15 | $2,355,000 | $157,000 | $465,000 | $88,000 | $178,000 |
| Loan Purchased By The Institution | 11 | $2,635,000 | $239,000 | $545,000 | $0 | $0 |
| File Closed For Incompleteness | 10 | $1,230,000 | $123,000 | $345,000 | $91,000 | $235,000 |
| Application Approved But Not Accepted | 3 | $575,000 | $191,000 | $225,000 | $50,000 | $55,000 |
| Preapproval Approved but not Accepted | 1 | $135,000 | $135,000 | $135,000 | $51,000 | $51,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 105 | $20,605,000 | $196,000 | $685,000 | $94,000 | $348,000 |
| Debt-To-Income Ratio | 24 | $2,830,000 | $117,000 | $405,000 | $213,000 | $1,436,000 |
| Credit History | 9 | $775,000 | $86,000 | $215,000 | $92,000 | $145,000 |
| Collateral | 7 | $655,000 | $93,000 | $265,000 | $47,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $290,000 | $145,000 | $165,000 | $54,000 | $62,000 |
| Credit Application Incomplete | 1 | $185,000 | $185,000 | $185,000 | $96,000 | $96,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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