Lender Register

States › Montana

Montana mortgage lending

Every HMDA reporter's applications, originations and denial rate for properties in Montana, with all 56 counties.

Lenders, 25+ applications 117
Households 458,859
Population 1,137,233

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. Record year 2024.

Montana had 32,002 HMDA-reported mortgage applications and 19,445 originations ($6.8bn) in 2024, from 117 lenders with at least 25 applications in the state.

The statewide denial rate was 20.9% (national 24.3%) and the median rate spread 0.3 percentage points (national 0.3). Originations ran at 42.4 per 1,000 households, against 48.0 nationally.

Originations in the state went from 26,165 in 2018 to 19,445 in 2024; the denial rate moved from 17.9% to 20.9%.

The most active lenders by originations were Stockman Bank of Montana (1,994), Glacier Bank (1,655) and Rocket Mortgage (1,066).

32,002applications, 2024
19,445loans originated$6.8bn
20.9%denial rateUS 24.3%
42.4originations per 1,000 householdsUS 48.0

Most active lenders in Montana

#LenderApplicationsOriginationsAmountDenial rateMedian spread
1Stockman Bank of Montana2,5891,994$562m6.7%0.2
2Glacier Bank2,7281,655$521m22.6%0.6
3Rocket Mortgage1,4031,066$267m15.6%0.5
4United Wholesale Mortgage1,3211,044$398m9.7%0.1
5Opportunity Bank of Montana1,5011,036$270m11.2%0.1
6Evergreen Moneysource Mortgage Company816612$218m3.3%0.2
7First Interstate Bank1,030610$131m27.7%1.2
8Crosscountry Mortgage, LLC789535$236m3.2%0.4
9Us Bank, N.A.980518$193m34.9%0.7
10Guaranteed Rate, Inc.712479$212m8.1%0.1
11Altana Federal Credit Union544421$64m16.1%-0.1
12Guild Mortgage Company532402$115m8.0%0.2
13Mortgage Research Center763401$143m20.8%-0.1
14Valley Financial Credit Union411336$63m16.4%-0.1
15Pennymac Loan Services LLC511252$88m20.0%0.3
16Kind Lending, LLC305214$86m23.5%0.3
17Freedom Mortgage Corporation458208$78m13.7%0.1
18Fairway Independent Mort Corp278204$61m5.1%0.1
19Lower, LLC244187$55m3.6%0.2
20TrailWest Bank232179$56m9.6%—
21Loandepot.com, LLC389176$41m41.0%0.6
22CMG Mortgage Inc281176$68m7.1%0.4
23Cornerstone Capital Bank, Ssb211170$73m2.3%0.4
24Clearwater Federal Credit Union291167$49m26.4%1.7
25Navy Federal Credit Union352159$39m34.0%0.6
26Yellowstone Bank205158$59m8.7%—
27Nationstar Mortgage239155$30m20.6%1.4
28Churchill Mortgage Corporation210150$58m6.2%0.2
29Flagstar Bank NA215138$49m23.5%0.3
30Newrez LLC334130$45m26.5%0.2
31Mutual of Omaha Mortgage185127$45m18.1%0.1
32Primelending166123$52m2.2%0.1
33Discover Bank757121$9.8m75.3%2.2
34Wells Fargo Bank NA269121$48m34.6%0.1
35Figure Lending LLC255111$9.3m36.2%3.9
36JPMorgan Chase Bank, NA170106$234m17.7%-0.0
37Montana Federal Credit Union148106$14m7.8%0.5
38Plains Commerce Bank165105$48m5.4%0.1
39Horizon Credit Union221103$12m44.4%-2.6
40Envoy Mortgage, Ltd133102$43m5.6%0.1
41Synergy One Lending, Inc.14997$30m15.5%0.3
42Prosperity Home Mortgage, LLC14396$41m11.0%0.4
43Independence Bank12094$19m11.3%—
44Bravera Bank12293$27m10.2%—
45Mountain America Federal Credit Union25292$20m49.2%0.9
46Spring Eq, LLC26791$8.6m61.1%3.6
47Calcon Mutual Mortgage LLC13791$38m10.8%0.2
4821st Mortgage45089$9.7m71.6%3.9
49Amerisave Mortgage Company49186$13m79.5%3.7
50Usaa Bank19885$31m38.1%-0.1
51New American Funding, LLC.32984$20m42.7%1.0
52Bank of America NA20984$45m44.3%0.6
53Barrington Bank & Trust Company, N.A.11782$35m4.6%0.2
54Union Home Mortgage Corp.10777$30m9.3%0.5
55Lakeview Loan Servicing, LLC22376$23m48.0%0.2
56Triad Financial Services, Inc.22075$8.5m41.1%3.0
57Citizens Alliance Bank8374$18m1.2%—
58Goprime Mortgage, Inc.8473$36m1.4%0.3
59Intrepid Credit Union12769$8.6m24.2%1.2
60Rocky Mountain Credit Union9858$12m26.8%—

Top 60 of 117 lenders with at least 25 applications in the state, by originations. 59 lenders have 100 or more applications here and link to a state-specific page.

Compared with the nation

MeasureMontanaUnited States
Denial rate20.9%24.3%
Median rate spread, pp0.30.3
Originations with spread of 1.5 pp or more13.8%15.6%
Average originated loan$348k$329k
Originations per 1,000 households42.448.0
Home purchase share of originations54.8%57.0%
FHA-insured share10.4%13.4%
VA-guaranteed share11.1%7.9%

Trend, 2018–2024

ApplicationsOriginations

037,48674,9722018: 39,937 Applications2019: 46,656 Applications2020: 74,571 Applications2021: 74,972 Applications2022: 43,581 Applications2023: 28,505 Applications2024: 32,002 Applications2018: 26,165 Originations2019: 30,668 Originations2020: 51,019 Originations2021: 51,143 Originations2022: 27,749 Originations2023: 17,504 Originations2024: 19,445 Originations2018201920202021202220232024
Applications and originations in Montana by year

MontanaUnited States

0%12.7%25.3%2018: 17.9% Montana2019: 16.1% Montana2020: 12.3% Montana2021: 13.1% Montana2022: 18.1% Montana2023: 20.4% Montana2024: 20.9% Montana2018201920202021202220232024
Denial rate by year, US dashed

FHA share of originationsVA share

0%6.3%12.7%2018: 10.2% FHA share of originations2019: 9.4% FHA share of originations2020: 6.4% FHA share of originations2021: 5.9% FHA share of originations2022: 7.1% FHA share of originations2023: 10.6% FHA share of originations2024: 10.4% FHA share of originations2018: 9.7% VA share2019: 11.8% VA share2020: 12.7% VA share2021: 11.3% VA share2022: 8.6% VA share2023: 9% VA share2024: 11.1% VA share2018201920202021202220232024
FHA-insured and VA-guaranteed shares of originations in Montana by year
YearApplicationsOriginationsAmountDenial rateFHAVARefinance share
201839,93726,165$5.9bn17.9%10.2%9.7%28.7%
201946,65630,668$7.8bn16.1%9.4%11.8%36.9%
202074,57151,019$14bn12.3%6.4%12.7%57.4%
202174,97251,143$16bn13.1%5.9%11.3%56.6%
202243,58127,749$11bn18.1%7.1%8.6%33.4%
202328,50517,504$6.1bn20.4%10.6%9.0%19.8%
202432,00219,445$6.8bn20.9%10.4%11.1%25.8%

Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).

Loan purpose and loan type, 2024

By purpose

Home purchase 55% (10,661)Home improvement 10% (1,938)Refinancing 12% (2,427)Cash-out refinancing 13% (2,581)Other purpose 9% (1,836)

By type

Conventional 78% (15,150)FHA 10% (2,029)VA 11% (2,165)USDA 1% (101)

Counties

CountyApplicationsOriginationsPer 1,000 householdsDenial rateMedian spreadLenders
Yellowstone County5,8453,75853.818.7%0.246
Gallatin County3,6632,26544.219.4%0.338
Flathead County3,4402,02545.823.1%0.431
Missoula County2,9801,86135.320.5%0.427
Cascade County2,7311,70147.817.0%0.127
Lewis and Clark County2,3331,47047.117.6%0.323
Ravalli County1,26573739.524.7%0.314
Silver Bow County1,10768844.619.6%0.310
Lake County72241432.924.3%0.56
Lincoln County63636039.626.3%0.55
Park County55630936.924.8%0.43
Carbon County43527057.920.4%0.22
Madison County46026971.921.7%0.35
Jefferson County46725651.224.9%0.24
Broadwater County39123683.619.9%0.33
Hill County36323437.717.8%0.25
Stillwater County33720954.919.5%0.11
Sanders County37718834.535.0%0.51
Deer Lodge County32717539.128.5%0.42
Fergus County27616731.521.2%0.43
Custer County24615330.417.2%0.52
Richland County22915134.119.4%0.41
Beaverhead County19812028.619.7%0.21
Teton County18910743.319.0%0.32
Dawson County17410127.927.1%0.51
Mineral County1849443.731.7%0.50
Powell County1628735.821.6%0.50
Valley County1368528.820.7%0.30
Musselshell County1517735.830.8%0.40
Pondera County1277734.019.6%0.31
Glacier County1427417.233.9%0.41
Rosebud County1257123.125.5%0.50
Big Horn County1236216.230.0%0.40
Roosevelt County1136119.730.8%0.30
Granite County975536.317.4%0.30
Chouteau County764922.721.0%0.50
Toole County794825.919.4%0.10
Sweet Grass County834126.430.0%0.30
Blaine County763917.133.3%0.30
Phillips County693922.124.1%0.30
Fallon County543227.223.8%0.50
Meagher County573234.520.0%—0
Sheridan County572819.022.2%0.40
Judith Basin County392527.216.7%—0
Wheatland County452528.331.6%—0
Daniels County331925.936.7%—0
Liberty County221419.3——0
McCone County17810.0——0
Treasure County13719.4——0
Golden Valley County12616.0——0
Carter County858.3——0
Powder River County1157.1——0
Garfield County1149.3——0
Prairie County747.3——0
Wibaux County1348.7——0
Petroleum County7313.6——0

By originations. Lenders: those with at least 25 applications in the county.

VA-guaranteed loans by month

VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Montana originations by year is charted above from HMDA.

Questions and answers

Which mortgage lenders are most active in Montana?

By 2024 originations: Stockman Bank of Montana (1,994), Glacier Bank (1,655), Rocket Mortgage (1,066), United Wholesale Mortgage (1,044), Opportunity Bank of Montana (1,036). 117 lenders had at least 25 applications in the state.

What is the mortgage denial rate in Montana?

20.9% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

How has mortgage lending in Montana changed since 2018?

Originations went from 26,165 in 2018 to 19,445 in 2024; the denial rate moved from 17.9% to 20.9%.

Where does this data come from?

From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.