Montana Mortgage Lending
447 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 35,587 HMDA-reported mortgage applications in Montana in 2024, originating 19,431 loans and denying 5,334. That puts the statewide denial rate at 15.0% and the approval (origination) rate at 54.6%. The average loan amount across Montana was $333,180 at an average note rate of 7.15%. 447 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 56 counties and 6 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 61.8% and denial rate of 15.7%; while Joint applicants had an approval rate of 58.9% and denial rate of 14.3%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Yellowstone County, Gallatin County, Flathead County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Montana
Top HMDA-reporting lenders active in Montana. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Stockman Bank of Montana | 1,994 | 10.3% |
| 2 | Glacier Bank | 1,655 | 8.5% |
| 3 | ROCKET MORTGAGE | 1,066 | 5.5% |
| 4 | United Wholesale Mortgage | 1,044 | 5.4% |
| 5 | OPPORTUNITY BANK OF MONTANA | 1,036 | 5.3% |
Lending by Race in Montana
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 25,857 | 61.8% | 15.7% |
| Joint | 730 | 58.9% | 14.3% |
| American Indian or Alaska Native | 493 | 45.6% | 28.2% |
| Asian | 244 | 57.0% | 18.4% |
| Black or African American | 129 | 50.4% | 17.8% |
| Native Hawaiian or Other Pacific Islander | 34 | 52.9% | 20.6% |
| 2 or more minority races | 28 | 57.1% | 35.7% |
Counties in Montana
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Yellowstone County | 6,445 | 3,753 | 14.0% | $255,754 |
| Gallatin County | 4,075 | 2,265 | 13.9% | $512,242 |
| Flathead County | 3,755 | 2,025 | 16.6% | $435,945 |
| Missoula County | 3,324 | 1,860 | 14.8% | $347,981 |
| Cascade County | 3,111 | 1,700 | 11.6% | $262,930 |
| Lewis and Clark County | 2,606 | 1,469 | 12.5% | $308,008 |
| Ravalli County | 1,444 | 736 | 17.3% | $345,852 |
| Silver Bow County | 1,234 | 688 | 14.0% | $211,580 |
| Lake County | 842 | 414 | 16.4% | $375,249 |
| Lincoln County | 696 | 360 | 19.0% | $276,753 |
| Park County | 614 | 309 | 17.1% | $350,749 |
| Jefferson County | 511 | 254 | 17.8% | $315,978 |
| Madison County | 490 | 269 | 15.9% | $1,033,755 |
| Carbon County | 467 | 271 | 15.2% | $295,493 |
| Broadwater County | 438 | 235 | 13.9% | $325,205 |
| Sanders County | 433 | 188 | 24.5% | $260,473 |
| Hill County | 392 | 234 | 13.5% | $172,806 |
| Stillwater County | 371 | 209 | 14.0% | $285,863 |
| Deer Lodge County | 363 | 175 | 20.4% | $197,810 |
| Fergus County | 295 | 166 | 15.6% | $206,729 |
| Custer County | 275 | 153 | 12.0% | $167,764 |
| Richland County | 266 | 151 | 13.9% | $203,158 |
| Beaverhead County | 229 | 120 | 13.1% | $266,572 |
| Teton County | 213 | 107 | 12.7% | $222,512 |
| Dawson County | 210 | 101 | 18.1% | $151,143 |
| Mineral County | 200 | 94 | 22.0% | $261,000 |
| Powell County | 177 | 87 | 14.1% | $312,458 |
| Musselshell County | 166 | 77 | 21.7% | $207,229 |
| Glacier County | 150 | 74 | 25.3% | $140,400 |
| Valley County | 148 | 85 | 15.5% | $171,216 |
| Rosebud County | 140 | 71 | 18.6% | $168,714 |
| Pondera County | 134 | 77 | 14.9% | $178,582 |
| Big Horn County | 131 | 61 | 20.6% | $220,344 |
| Roosevelt County | 128 | 62 | 21.9% | $127,500 |
| Granite County | 106 | 55 | 11.3% | $385,755 |
| Sweet Grass County | 90 | 41 | 20.0% | $403,222 |
| Toole County | 88 | 48 | 13.6% | $190,682 |
| Chouteau County | 84 | 49 | 15.5% | $186,429 |
| Blaine County | 83 | 39 | 25.3% | $142,831 |
| Phillips County | 72 | 39 | 19.4% | $144,722 |
| Meagher County | 64 | 31 | 12.5% | $275,000 |
| Fallon County | 61 | 32 | 16.4% | $177,623 |
| Sheridan County | 58 | 28 | 13.8% | $149,310 |
| Wheatland County | 52 | 24 | 23.1% | $175,962 |
| Judith Basin County | 42 | 25 | 11.9% | $192,143 |
| Daniels County | 34 | 19 | 32.4% | $146,176 |
| Liberty County | 27 | 14 | 14.8% | $138,333 |
| McCone County | 17 | 8 | 17.6% | $193,235 |
| Treasure County | 13 | 7 | 7.7% | $267,308 |
| Golden Valley County | 13 | 6 | 30.8% | $223,462 |
| Wibaux County | 13 | 4 | 46.1% | $124,231 |
| Powder River County | 12 | 5 | 41.7% | $196,667 |
| Garfield County | 12 | 4 | 16.7% | $203,333 |
| Carter County | 10 | 5 | 30.0% | $125,000 |
| Petroleum County | 8 | 3 | 0.0% | $330,000 |
| Prairie County | 7 | 4 | 14.3% | $89,286 |
Metro Areas in Montana
Frequently Asked Questions
How many mortgage applications were filed in Montana?
What is the mortgage denial rate in Montana?
What is the average mortgage loan amount in Montana?
How many mortgage lenders operate in Montana?
How do mortgage denial rates vary by demographics in Montana?
Which counties in Montana have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
