Newrez · Montana · 2025

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

Newrez took 481 mortgage applications in Montana in 2025, ranking #16 of 553 lenders active in the state. It originated 41.0% of them and denied 15.0% (26.8% of the applications it decided), against a statewide denial rate of 14.8%.

481Applicationsin MT
26.8%Decision denial ratestate 18.7%
6.50%Median ratestate 6.63%
$305,000Median loanstate $275,000
$68MVolume39 counties

Newrez in Montana vs the state

15.0%Denial rate+0.15 pts vs state
26.8%Decision denial rate+8.07 pts vs state
41.0%Origination rate-21.02 pts vs state
6.50%Median rate-0.13 pts vs state
0.18Rate spread (pts)-0.06 pts vs state
$115kMedian applicant income
197Loans originated
72Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231404022.1%6.56%#39
202433413014.4%6.50%#22
202548119715.0%6.50%#16

What Newrez lends in Montana

By loan purpose

Home purchase 91 19% · 2.2% denied
Refinance 149 31% · 10.7% denied
Cash-out refinance 241 50% · 22.4% denied

By loan type

Conventional 296 62% · 15.9% denied
FHA 63 13% · 30.2% denied
VA 122 25% · 4.9% denied

Why it denied Montana applicants

Debt-to-income ratio 35 49%
Credit history 12 17%
Collateral 9 13%
Other 6 8%
Unverifiable information 4 6%
Insufficient cash 3 4%
Employment history 3 4%

Where in Montana

Counties with the most Newrez applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Yellowstone County 743410 13.5%
Flathead County 63307 11.1%
Gallatin County 572610 17.5%
Lewis and Clark County 41214 9.8%
Missoula County 34143 8.8%
Cascade County 31133 9.7%
Lake County 26116 23.1%
Ravalli County 2266 27.3%
Silver Bow County 1983 15.8%
Park County 1022 20.0%

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: 481 applications in 2025, of which 197 were originated and 72 denied.

15.0% of all applications, or 26.8% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans Newrez originated in Montana in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Newrez'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