KeyBank · Montana · 2025

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

KeyBank took 7 mortgage applications in Montana in 2025, ranking #205 of 553 lenders active in the state. It originated 71.4% of them and denied 28.6% (28.6% of the applications it decided), against a statewide denial rate of 14.8%.

7Applicationsin MT
28.6%Decision denial ratestate 18.7%
7.50%Median ratestate 6.63%
$755,000Median loanstate $275,000
$3.3MVolume5 counties

KeyBank in Montana vs the state

28.6%Denial rate+13.75 pts vs state
28.6%Decision denial rate+9.87 pts vs state
71.4%Origination rate+9.45 pts vs state
7.50%Median rate+0.88 pts vs state
0.55Rate spread (pts)+0.31 pts vs state
$431kMedian applicant income
5Loans originated
2Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237328.6%7.38%#178
20246333.3%5.88%#200
20257528.6%7.50%#205

What KeyBank lends in Montana

By loan purpose

Home purchase 5 71% · 40.0% denied
Cash-out refinance 1 14% · 0.0% denied
Other / HELOC 1 14% · 0.0% denied

By loan type

Conventional 7 100% · 28.6% denied

Why it denied Montana applicants

Incomplete application 1 50%
Other 1 50%

Where in Montana

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Gallatin County 321 33.3%
Madison County 101 100.0%
Deer Lodge County 110 0.0%
Lewis and Clark County 110 0.0%
Yellowstone 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: 7 applications in 2025, of which 5 were originated and 2 denied.

28.6% of all applications, or 28.6% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans KeyBank originated in Montana in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are KeyBank'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