Mortgage Research Center · Montana · 2025

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

Mortgage Research Center took 940 mortgage applications in Montana in 2025, ranking #9 of 553 lenders active in the state. It originated 46.7% of them and denied 16.7% (26.1% of the applications it decided), against a statewide denial rate of 14.8%.

940Applicationsin MT
26.1%Decision denial ratestate 18.7%
6.13%Median ratestate 6.63%
$355,000Median loanstate $275,000
$171MVolume48 counties

Mortgage Research Center in Montana vs the state

16.7%Denial rate+1.88 pts vs state
26.1%Decision denial rate+7.42 pts vs state
46.7%Origination rate-15.28 pts vs state
6.13%Median rate-0.50 pts vs state
-0.34Rate spread (pts)-0.58 pts vs state
$98kMedian applicant income
439Loans originated
157Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
202359628613.3%6.75%#12
202476340114.0%6.25%#10
202594043916.7%6.13%#9

What Mortgage Research Center lends in Montana

By loan purpose

Home purchase 524 56% · 5.7% denied
Refinance 183 19% · 27.3% denied
Cash-out refinance 233 25% · 33.1% denied

By loan type

Conventional 66 7% · 30.3% denied
FHA 17 2% · 5.9% denied
VA 855 91% · 15.8% denied
USDA / RHS 2 0% · 50.0% denied

Why it denied Montana applicants

Credit history 82 52%
Other 42 27%
Incomplete application 13 8%
Debt-to-income ratio 10 6%
Collateral 6 4%
Employment history 3 2%
Insufficient cash 1 1%

Where in Montana

Counties with the most Mortgage Research Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cascade County 1556926 16.8%
Yellowstone County 1467119 13.0%
Lewis and Clark County 884317 19.3%
Flathead County 65247 10.8%
Ravalli County 42178 19.0%
Missoula County 41147 17.1%
Silver Bow County 41199 22.0%
Lincoln County 37207 18.9%
Gallatin County 36176 16.7%
Sanders County 1896 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%
Crosscountry MortgageB 9205.1%6.63%
Guaranteed RateB 7586.3%6.50%

Frequently asked questions

Montana: 940 applications in 2025, of which 439 were originated and 157 denied.

16.7% of all applications, or 26.1% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans Mortgage Research Center originated in Montana in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are Mortgage Research Center'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