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2024 data HMDA 2024 disclosure official source

Gallatin County

4,075 mortgage applications, 13.9% denial rate. Verify FIPS 30031 with U.S. Census Bureau →

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Montana · FIPS 30031

Local mortgage market. Gallatin County, Montana saw 4,075 HMDA-reported mortgage applications in 2024. Lenders originated 2,265 of those loans and denied 565, producing a denial rate of 13.9% and an approval (origination) rate of 55.6%. The average loan amount was $512,242 at an average note rate of 7.18%, with applicants self-reporting average annual income of $38K. 201 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 13.5x, meaning typical borrowers took on mortgages of about 13.5 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 30031 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

4,075
Applications
2,265
Originated
13.9%
Denial Rate
55.6%
Approval Rate
$512,242
Avg Loan Amount
7.18%
Avg Interest Rate
$38K
Avg Applicant Income
13.5x
Loan-to-Income Ratio

Nearby Lenders in Gallatin County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Stockman Bank of Montana 235 10.4%
2 Glacier Bank 212 9.4%
3 Guaranteed Rate, INC. 179 7.9%
4 Cornerstone Capital Bank, SSB 107 4.7%
5 Us Bank, N.A. 92 4.1%
Compare Stockman Bank of Montana vs Glacier Bank →

Frequently Asked Questions

How many mortgage applications were filed in Gallatin County?
In the 2024 HMDA reporting year, 4,075 mortgage applications were filed in Gallatin County, Montana. Of these, 2,265 were originated (approved and funded), while 565 were denied, resulting in a denial rate of 13.9%.
What is the mortgage denial rate in Gallatin County?
The mortgage denial rate in Gallatin County is 13.9%. The approval (origination) rate is 55.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Gallatin County?
The average mortgage loan amount in Gallatin County is $512,242. The average interest rate is 7.176%. The average applicant income is $38K.
What is the loan-to-income ratio in Gallatin County?
The average loan-to-income ratio in Gallatin County is 13.5x, meaning borrowers took on loans averaging 13.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Gallatin County?
The top mortgage lenders in Gallatin County by origination volume are Stockman Bank of Montana, Glacier Bank, Guaranteed Rate, INC.. In total, 201 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.