Checked
Mortgage Lending in Montana, 2025
Home loan applications, approvals and denials (HMDA)
- Applications, 2025
- 37,100
- Loans made
- 22,995
- $9.03B in total
- Denial rate
- 18.7%
- Of applications with a decision
- Average loan
- $393,000
- Loans made
By loan purpose
Applications in 2025 by what the loan was for
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| Purpose | Applications | Loans made | Denial rate | Average loan |
|---|---|---|---|---|
| Home purchase | 16,942 | 11,766 | 10.7% | $453,000 |
| Home improvement | 3,361 | 2,055 | 28.2% | $126,000 |
| Refinance | 6,145 | 3,796 | 15.7% | $481,000 |
| Cash-out refinance | 6,766 | 3,399 | 29.1% | $304,000 |
| Other purpose | 3,886 | 1,979 | 32.6% | $292,000 |
By loan type
Conventional loans and government-backed loans
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| Loan type | Applications | Loans made | Denial rate | Average loan |
|---|---|---|---|---|
| Conventional | 28,077 | 17,815 | 18.7% | $391,000 |
| FHA | 4,293 | 2,458 | 21.2% | $362,000 |
| VA | 4,597 | 2,642 | 16.1% | $438,000 |
| USDA (RHS or FSA) | 141 | 86 | 17.6% | $237,000 |
Mortgage lending by county
Applications and loans made in 2025
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| County | Applications | Loans made | Denial rate | Average loan |
|---|---|---|---|---|
| Beaverhead County | 261 | 168 | 19.5% | $283,000 |
| Big Horn County | 140 | 70 | 34.2% | $173,000 |
| Blaine County | 73 | 31 | 39.2% | $151,000 |
| Broadwater County | 437 | 264 | 18.6% | $355,000 |
| Carbon County | 479 | 303 | 18.3% | $331,000 |
| Carter County | 9 | 6 | Not shown | Not shown |
| Cascade County | 3,211 | 1,989 | 17.9% | $284,000 |
| Chouteau County | 89 | 58 | 15.5% | $186,000 |
| Custer County | 339 | 218 | 18.6% | $175,000 |
| Daniels County | 27 | 16 | Not shown | $93,000 |
| Dawson County | 185 | 116 | 19.3% | $181,000 |
| Deer Lodge County | 324 | 211 | 17.3% | $209,000 |
| Fallon County | 30 | 23 | 8.0% | $199,000 |
| Fergus County | 326 | 189 | 19.8% | $234,000 |
| Flathead County | 4,197 | 2,585 | 19.7% | $528,000 |
| Gallatin County | 4,139 | 2,617 | 16.9% | $685,000 |
| Garfield County | 19 | 8 | Not shown | Not shown |
| Glacier County | 152 | 78 | 30.3% | $137,000 |
| Golden Valley County | 27 | 13 | Not shown | $190,000 |
| Granite County | 136 | 80 | 18.2% | $338,000 |
| Hill County | 370 | 240 | 17.5% | $195,000 |
| Jefferson County | 565 | 332 | 20.9% | $345,000 |
| Judith Basin County | 48 | 32 | 13.2% | $135,000 |
| Lake County | 899 | 509 | 23.2% | $394,000 |
| Lewis and Clark County | 2,830 | 1,788 | 17.1% | $331,000 |
| Liberty County | 38 | 24 | 14.3% | $162,000 |
| Lincoln County | 768 | 452 | 22.3% | $303,000 |
| Madison County | 559 | 333 | 18.8% | $1,670,000 |
| McCone County | 22 | 17 | Not shown | $133,000 |
| Meagher County | 43 | 29 | 18.4% | $243,000 |
| Mineral County | 212 | 128 | 21.7% | $333,000 |
| Missoula County | 3,549 | 2,243 | 17.4% | $391,000 |
| Musselshell County | 193 | 92 | 33.8% | $225,000 |
| Park County | 636 | 370 | 22.4% | $397,000 |
| Petroleum County | 7 | 3 | Not shown | Not shown |
| Phillips County | 77 | 48 | 17.2% | $190,000 |
| Pondera County | 141 | 84 | 22.3% | $169,000 |
| Powder River County | 26 | 14 | 33.3% | $159,000 |
| Powell County | 162 | 90 | 22.5% | $360,000 |
| Prairie County | 16 | 13 | Not shown | $93,000 |
| Ravalli County | 1,426 | 872 | 19.3% | $371,000 |
| Richland County | 264 | 166 | 21.4% | $219,000 |
| Roosevelt County | 104 | 59 | 29.1% | $142,000 |
| Rosebud County | 128 | 64 | 24.1% | $206,000 |
| Sanders County | 386 | 205 | 29.3% | $285,000 |
| Sheridan County | 73 | 43 | 24.1% | $145,000 |
| Silver Bow County | 1,270 | 808 | 17.6% | $228,000 |
| Stillwater County | 415 | 253 | 19.0% | $287,000 |
| Sweet Grass County | 95 | 52 | 18.5% | $298,000 |
| Teton County | 207 | 131 | 18.8% | $239,000 |
| Toole County | 91 | 60 | 17.6% | $145,000 |
| Treasure County | 17 | 6 | Not shown | Not shown |
| Valley County | 149 | 95 | 18.9% | $188,000 |
| Wheatland County | 40 | 21 | 32.3% | $187,000 |
| Wibaux County | 15 | 10 | Not shown | $98,000 |
| Yellowstone County | 6,585 | 4,233 | 16.8% | $277,000 |
Lenders with the most HMDA records in Montana
553 lenders reported. Counts include every application outcome and loans bought from other lenders.
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| # | Lender | Records |
|---|---|---|
| 1 | Glacier Bank | 3,019 |
| 2 | Stockman Bank of Montana | 2,911 |
| 3 | Rocket Mortgage, LLC | 2,169 |
| 4 | United Shore Financial Services, LLC | 1,859 |
| 5 | Opportunity Bank of Montana | 1,609 |
| 6 | Pennymac Loan Services, LLC | 1,296 |
| 7 | Evergreen Moneysource Mortgage Company | 1,158 |
| 8 | Newrez LLC | 1,114 |
| 9 | Freedom Mortgage Corporation | 1,045 |
| 10 | U.S. Bank National Association | 1,042 |
Frequently asked questions
- What is HMDA data?
- Under the Home Mortgage Disclosure Act, most mortgage lenders report every home loan application they receive and what happened to it. The data covers purchases, refinances and home improvement loans. DatenUS shows totals for each area only, not individual applications.
- How is the denial rate calculated?
- The denial rate is the number of denied applications divided by applications that reached a decision: loans made, applications approved but not accepted, and denied applications. Withdrawn and incomplete applications are left out. Rates are not shown when fewer than 20 applications reached a decision.
Source: Consumer Financial Protection Bureau and FFIEC, HMDA Data Browser · 2025 data