Montana Mortgage Lending in 2025
Explore residential mortgage lending activity in Montana using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 16,369 actionable applications (Actions 1, 2, and 3).
How Montana Compares
Key metrics: Montana vs. U.S. (2025)
| Metric | Montana | U.S. |
|---|---|---|
| Actionable Apps | 16,369 | 5,197,320 |
| Approval Rate | 84.54% | 82.12% |
| Denial Rate | 15.46% | 17.88% |
| Originations | 13,322 | 4,052,301 |
| Originated Volume | $5.33 Billion | $1.58 Trillion |
| Median Loan | $355,000 | $325,000 |
Lending Trends in Montana
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 17,923 | 21,530 | +20.12% |
| Actionable Apps | 13,774 | 16,369 | +18.84% |
| Originations | 11,121 | 13,322 | +19.79% |
| Approval Rate | 83.71% | 84.54% | +0.83 pp |
| Denial Rate | 16.29% | 15.46% | -0.83 pp |
| Median Loan | $335,000 | $355,000 | +5.97% |
| Dollar Volume | $4.24 Billion | $5.33 Billion | +25.70% |
Applications by Borrower Income (Montana)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 4,195 | 88.18% | 11.82% |
| $150k+ | 4,235 | 90.11% | 9.89% |
| $50k–$99,999 | 5,413 | 83.13% | 16.87% |
| <$50k | 1,220 | 57.21% | 42.79% |
| Income unavailable/entity | 1,306 | 86.14% | 13.86% |
Metropolitan Areas in Montana
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Billings | 3,267 | 2,665 | 85.61% |
| Helena | 1,773 | 1,462 | 85.50% |
| Bozeman | 1,738 | 1,483 | 87.69% |
| Missoula | 1,607 | 1,340 | 87.18% |
| Great Falls | 1,473 | 1,191 | 85.20% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Montana (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 1,260 | 91.10% |
| 2 | Stockman Bank of Montana | 1,084 | 94.96% |
| 3 | ROCKET MORTGAGE | 939 | 80.17% |
| 4 | EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 725 | 98.88% |
| 5 | Glacier Bank | 705 | 77.95% |
| 6 | OPPORTUNITY BANK OF MONTANA | 566 | 92.99% |
| 7 | CROSSCOUNTRY MORTGAGE, LLC | 495 | 96.12% |
| 8 | Mortgage Research Center | 437 | 74.29% |
| 9 | GUILD MORTGAGE COMPANY | 422 | 96.20% |
| 10 | GUARANTEED RATE, INC. | 371 | 93.70% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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