Black Hills Federal Credit Union · Montana · 2025

Black Hills Federal Credit Union in Montana: approval rate, denial rate and rates (2025)

Black Hills Federal Credit Union took 29 mortgage applications in Montana in 2025, ranking #123 of 553 lenders active in the state. It originated 58.6% of them and denied 27.6% (30.8% of the applications it decided), against a statewide denial rate of 14.8%.

29Applicationsin MT
30.8%Decision denial ratestate 18.7%
6.50%Median ratestate 6.63%
$215,000Median loanstate $275,000
$5.5MVolume8 counties

Black Hills Federal Credit Union in Montana vs the state

27.6%Denial rate+12.77 pts vs state
30.8%Decision denial rate+12.07 pts vs state
58.6%Origination rate-3.36 pts vs state
6.50%Median rate-0.13 pts vs state
0.28Rate spread (pts)+0.04 pts vs state
$95kMedian applicant income
17Loans originated
8Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023650.0%5.50%#199
2024361436.1%8.00%#101
2025291727.6%6.50%#123

What Black Hills Federal Credit Union lends in Montana

By loan purpose

Home purchase 9 31% · 0.0% denied
Refinance 7 24% · 42.9% denied
Cash-out refinance 3 10% · 33.3% denied
Home improvement 6 21% · 33.3% denied
Other / HELOC 4 14% · 50.0% denied

By loan type

Conventional 26 90% · 30.8% denied
FHA 3 10% · 0.0% denied

Why it denied Montana applicants

Debt-to-income ratio 3 38%
Credit history 2 25%
Collateral 2 25%
Other 1 13%

Where in Montana

Counties with the most Black Hills Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Yellowstone County 20108 40.0%
Stillwater County 210 0.0%
Musselshell County 210 0.0%
Richland County 110 0.0%
Park County 110 0.0%
Silver Bow County 110 0.0%
Beaverhead County 110 0.0%
Big Horn County 110 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: 29 applications in 2025, of which 17 were originated and 8 denied.

27.6% of all applications, or 30.8% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans Black Hills Federal Credit Union originated in Montana in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Black Hills Federal Credit Union'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