Lenders › Lower, LLC › Montana
Lower, LLC in Montana
HMDA record for properties in Montana, calendar year 2024. National record · Montana overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lower, LLC's 2024 HMDA record for Montana covers 244 applications, 187 of them originated, worth $55m.
Its denial rate in the state was 3.6%, below the Montana rate of 20.9% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its Montana originations was 0.2 percentage points (state median 0.3).
Applications in the state were up 1777% on 2023.
Compared with the state and the lender's national record
| Measure | In Montana | Montana, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 3.6% | 20.9% | 12.7% | 24.3% |
| Median rate spread, pp | 0.2 | 0.3 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 1.1% | 13.8% | 7.3% | 15.6% |
| Average originated loan | $295k | $348k | $310k | $329k |
| Home purchase share | 90.4% | 54.8% | 81.3% | 57.0% |
| FHA-insured share | 31.0% | 10.4% | 26.1% | 13.4% |
| VA-guaranteed share | 12.8% | 11.1% | 8.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateMontana, all lenders
Loan purpose and loan type in Montana
By purpose
Home purchase 90% (169)Refinancing 2% (4)Cash-out refinancing 7% (14)
By type
Conventional 55% (102)FHA 31% (58)VA 13% (24)USDA 2% (3)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in Montana
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Yellowstone County | 167 | 130 | $39m | 3.0% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in Montana in 2024?
187 loans totalling $55m, from 244 applications reported for properties in Montana.
What is Lower, LLC's denial rate in Montana?
3.6% of decided applications in Montana were denied, against 20.9% for all lenders in the state and 12.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Montana counties does Lower, LLC lend in most?
By originations: Yellowstone County (130).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Montana. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.