Figure Lending · Montana · 2025

Figure Lending in Montana: approval rate, denial rate and rates (2025)

Figure Lending took 281 mortgage applications in Montana in 2025, ranking #30 of 553 lenders active in the state. It originated 46.6% of them and denied 28.1% (29.5% of the applications it decided), against a statewide denial rate of 14.8%.

281Applicationsin MT
29.5%Decision denial ratestate 18.7%
8.53%Median ratestate 6.63%
$65,000Median loanstate $275,000
$12MVolume35 counties

Figure Lending in Montana vs the state

28.1%Denial rate+13.29 pts vs state
29.5%Decision denial rate+10.78 pts vs state
46.6%Origination rate-15.36 pts vs state
8.53%Median rate+1.90 pts vs state
2.23Rate spread (pts)+1.99 pts vs state
$115kMedian applicant income
131Loans originated
79Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232098238.3%10.73%#28
202425511134.5%10.35%#30
202528113128.1%8.53%#30

What Figure Lending lends in Montana

By loan purpose

Home improvement 94 33% · 29.8% denied
Other / HELOC 187 67% · 27.3% denied

By loan type

Conventional 281 100% · 28.1% denied

Why it denied Montana applicants

Incomplete application 30 38%
Debt-to-income ratio 26 33%
Collateral 9 11%
Credit history 8 10%
Other 6 8%

Where in Montana

Counties with the most Figure Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Flathead County 512412 23.5%
Yellowstone County 35224 11.4%
Missoula County 30115 16.7%
Gallatin County 26166 23.1%
Cascade County 2097 35.0%
Lewis and Clark County 19106 31.6%
Ravalli County 1239 75.0%
Park County 1008 80.0%
Lake County 1043 30.0%
Silver Bow County 943 33.3%

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: 281 applications in 2025, of which 131 were originated and 79 denied.

28.1% of all applications, or 29.5% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans Figure Lending originated in Montana in 2025 was 8.53%, against a statewide median of 6.63%.

About this data. Figures are Figure Lending'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