First Interstate Bank · Montana · 2025

First Interstate Bank in Montana: approval rate, denial rate and rates (2025)

First Interstate Bank took 987 mortgage applications in Montana in 2025, ranking #8 of 553 lenders active in the state. It originated 61.8% of them and denied 22.9% (26.7% of the applications it decided), against a statewide denial rate of 14.8%.

987Applicationsin MT
26.7%Decision denial ratestate 18.7%
8.25%Median ratestate 6.63%
$135,000Median loanstate $275,000
$127MVolume37 counties

First Interstate Bank in Montana vs the state

22.9%Denial rate+8.08 pts vs state
26.7%Decision denial rate+8.01 pts vs state
61.8%Origination rate-0.18 pts vs state
8.25%Median rate+1.63 pts vs state
1.01Rate spread (pts)+0.77 pts vs state
$132kMedian applicant income
610Loans originated
226Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,23775720.8%9.00%#5
20241,03061023.2%9.25%#6
202598761022.9%8.25%#8

What First Interstate Bank lends in Montana

By loan purpose

Home purchase 249 25% · 20.5% denied
Refinance 209 21% · 20.1% denied
Cash-out refinance 27 3% · 29.6% denied
Home improvement 356 36% · 24.7% denied
Other / HELOC 146 15% · 25.3% denied

By loan type

Conventional 961 97% · 22.4% denied
FHA 24 2% · 45.8% denied
VA 2 0% · 0.0% denied

Why it denied Montana applicants

Debt-to-income ratio 143 63%
Credit history 36 16%
Collateral 36 16%
Other 5 2%
Insufficient cash 2 1%
Unverifiable information 2 1%
Employment history 1 0%
Incomplete application 1 0%

Where in Montana

Counties with the most First Interstate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Missoula County 17212231 18.0%
Flathead County 1277929 22.8%
Yellowstone County 1267821 16.7%
Gallatin County 1045829 27.9%
Lewis and Clark County 744813 17.6%
Lake County 523511 21.2%
Park County 46318 17.4%
Cascade County 392313 33.3%
Ravalli County 331911 33.3%
Madison County 28175 17.9%

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%
Mortgage Research CenterC 94016.7%6.13%
Crosscountry MortgageB 9205.1%6.63%
Guaranteed RateB 7586.3%6.50%

Frequently asked questions

Montana: 987 applications in 2025, of which 610 were originated and 226 denied.

22.9% of all applications, or 26.7% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans First Interstate Bank originated in Montana in 2025 was 8.25%, against a statewide median of 6.63%.

About this data. Figures are First Interstate Bank'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