Bank of America · Montana · 2025

Bank of America in Montana: approval rate, denial rate and rates (2025)

Bank of America took 306 mortgage applications in Montana in 2025, ranking #25 of 553 lenders active in the state. It originated 37.6% of them and denied 27.1% (41.5% of the applications it decided), against a statewide denial rate of 14.8%.

306Applicationsin MT
41.5%Decision denial ratestate 18.7%
6.00%Median ratestate 6.63%
$175,000Median loanstate $275,000
$92MVolume30 counties

Bank of America in Montana vs the state

27.1%Denial rate+12.30 pts vs state
41.5%Decision denial rate+22.80 pts vs state
37.6%Origination rate-24.40 pts vs state
6.00%Median rate-0.63 pts vs state
-0.01Rate spread (pts)-0.25 pts vs state
$151kMedian applicant income
115Loans originated
83Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202330311243.6%6.74%#20
20242098433.5%6.99%#41
202530611527.1%6.00%#25

What Bank of America lends in Montana

By loan purpose

Home purchase 83 27% · 13.3% denied
Refinance 44 14% · 29.6% denied
Cash-out refinance 9 3% · 11.1% denied
Home improvement 116 38% · 35.3% denied
Other / HELOC 54 18% · 31.5% denied

By loan type

Conventional 306 100% · 27.1% denied

Why it denied Montana applicants

Credit history 32 39%
Debt-to-income ratio 31 37%
Collateral 11 13%
Other 4 5%
Unverifiable information 4 5%
Insufficient cash 1 1%

Where in Montana

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Gallatin County 632814 22.2%
Missoula County 43188 18.6%
Flathead County 431813 30.2%
Yellowstone County 391313 33.3%
Ravalli County 1663 18.8%
Cascade County 1546 40.0%
Madison County 1462 14.3%
Lake County 961 11.1%
Lewis and Clark County 924 44.4%
Lincoln County 712 28.6%

Other large lenders in Montana

LenderGradeApplicationsDenial rateMedian rate
Glacier BankD 3,01816.2%7.25%
Stockman Bank of MontanaB 2,9116.3%6.88%
Rocket MortgageC 1,99917.5%6.75%
United Shore Financial ServicesB 1,8579.2%6.25%
Opportunity Bank of MontanaB 1,6089.8%6.88%
Evergreen Moneysource MortgageB 1,1581.1%6.25%
U.S. BankD 1,02427.1%7.13%
First Interstate BankD 98722.9%8.25%
Mortgage Research CenterC 94016.7%6.13%
Crosscountry MortgageB 9205.1%6.63%

Frequently asked questions

Montana: 306 applications in 2025, of which 115 were originated and 83 denied.

27.1% of all applications, or 41.5% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans Bank of America originated in Montana in 2025 was 6.00%, against a statewide median of 6.63%.

About this data. Figures are Bank of America's own HMDA filing for properties located in Montana, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology