Better Mortgage · Montana · 2025

Better Mortgage in Montana: approval rate, denial rate and rates (2025)

Better Mortgage took 148 mortgage applications in Montana in 2025, ranking #52 of 553 lenders active in the state. It originated 29.1% of them and denied 37.2% (55.0% of the applications it decided), against a statewide denial rate of 14.8%.

148Applicationsin MT
55.0%Decision denial ratestate 18.7%
8.38%Median ratestate 6.63%
$210,000Median loanstate $275,000
$12MVolume30 counties

Better Mortgage in Montana vs the state

37.2%Denial rate+22.34 pts vs state
55.0%Decision denial rate+36.30 pts vs state
29.1%Origination rate-32.93 pts vs state
8.38%Median rate+1.75 pts vs state
1.41Rate spread (pts)+1.17 pts vs state
$144kMedian applicant income
43Loans originated
55Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202331156.5%6.50%#93
2024511915.7%6.63%#85
20251484337.2%8.38%#52

What Better Mortgage lends in Montana

By loan purpose

Home purchase 35 24% · 22.9% denied
Refinance 6 4% · 33.3% denied
Cash-out refinance 27 18% · 37.0% denied
Home improvement 16 11% · 25.0% denied
Other / HELOC 64 43% · 48.4% denied

By loan type

Conventional 134 91% · 38.1% denied
FHA 11 7% · 36.4% denied
VA 3 2% · 0.0% denied

Why it denied Montana applicants

Incomplete application 16 29%
Debt-to-income ratio 13 24%
Collateral 11 20%
Credit history 8 15%
Other 4 7%
Unverifiable information 3 5%

Where in Montana

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Missoula County 27810 37.0%
Gallatin County 2475 20.8%
Flathead County 1466 42.9%
Yellowstone County 1446 42.9%
Cascade County 1314 30.8%
Ravalli County 941 11.1%
Lewis and Clark County 842 25.0%
Park County 511 20.0%
Deer Lodge County 321 33.3%
Silver Bow County 310 0.0%

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: 148 applications in 2025, of which 43 were originated and 55 denied.

37.2% of all applications, or 55.0% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans Better Mortgage originated in Montana in 2025 was 8.38%, against a statewide median of 6.63%.

About this data. Figures are Better Mortgage'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