Rocket Mortgage · Montana · 2025

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

Rocket Mortgage took 1,999 mortgage applications in Montana in 2025, ranking #3 of 553 lenders active in the state. It originated 73.3% of them and denied 17.5% (18.7% of the applications it decided), against a statewide denial rate of 14.8%.

2.0kApplicationsin MT
18.7%Decision denial ratestate 18.7%
6.75%Median ratestate 6.63%
$235,000Median loanstate $275,000
$392MVolume53 counties

Rocket Mortgage in Montana vs the state

17.5%Denial rate+2.64 pts vs state
18.7%Decision denial rate+0.04 pts vs state
73.3%Origination rate+11.31 pts vs state
6.75%Median rate+0.13 pts vs state
0.56Rate spread (pts)+0.32 pts vs state
$103kMedian applicant income
1,465Loans originated
349Denied

Trend in Montana

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,32896916.7%6.75%#4
20241,4031,06614.5%6.75%#4
20251,9991,46517.5%6.75%#3

What Rocket Mortgage lends in Montana

By loan purpose

Home purchase 376 19% · 14.1% denied
Refinance 415 21% · 16.4% denied
Cash-out refinance 1,109 55% · 18.2% denied
Home improvement 25 1% · 20.0% denied
Other / HELOC 74 4% · 28.4% denied

By loan type

Conventional 1,508 75% · 15.5% denied
FHA 272 14% · 25.0% denied
VA 219 11% · 21.9% denied

Why it denied Montana applicants

Collateral 158 45%
Debt-to-income ratio 76 22%
Incomplete application 72 21%
Credit history 17 5%
Insufficient cash 12 3%
Unverifiable information 6 2%
Other 6 2%
Employment history 2 1%

Where in Montana

Counties with the most Rocket Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Yellowstone County 29922244 14.7%
Flathead County 19515128 14.4%
Gallatin County 18413735 19.0%
Cascade County 14611319 13.0%
Missoula County 14010721 15.0%
Lewis and Clark County 1359623 17.0%
Ravalli County 1189114 11.9%
Silver Bow County 1037516 15.5%
Lincoln County 533813 24.5%
Lake County 472913 27.7%

Other large lenders in Montana

LenderGradeApplicationsDenial rateMedian rate
Glacier BankD 3,01816.2%7.25%
Stockman Bank of MontanaB 2,9116.3%6.88%
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%
Guaranteed RateB 7586.3%6.50%

Frequently asked questions

Montana: 1,999 applications in 2025, of which 1,465 were originated and 349 denied.

17.5% of all applications, or 18.7% of the applications it actually decided on. The Montana statewide average across all lenders was 14.8%.

The median rate on loans Rocket Mortgage originated in Montana in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are Rocket Mortgage'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