Largest mortgage lenders in Montana
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Glacier Bank | D | 3,018 | 1,904 | 16.2% | 7.25% |
| 2 | Stockman Bank of Montana | B | 2,911 | 2,183 | 6.3% | 6.88% |
| 3 | Rocket Mortgage | C | 1,999 | 1,465 | 17.5% | 6.75% |
| 4 | United Shore Financial Services | B | 1,857 | 1,414 | 9.2% | 6.25% |
| 5 | Opportunity Bank of Montana | B | 1,608 | 1,139 | 9.8% | 6.88% |
| 6 | Evergreen Moneysource Mortgage | B | 1,158 | 816 | 1.1% | 6.25% |
| 7 | U.S. Bank | D | 1,024 | 538 | 27.1% | 7.13% |
| 8 | First Interstate Bank | D | 987 | 610 | 22.9% | 8.25% |
| 9 | Mortgage Research Center | C | 940 | 439 | 16.7% | 6.13% |
| 10 | Crosscountry Mortgage | B | 920 | 640 | 5.1% | 6.63% |
| 11 | Guaranteed Rate | B | 758 | 462 | 6.3% | 6.50% |
| 12 | Guild Mortgage | A | 733 | 547 | 3.7% | 6.25% |
| 13 | Freedom Mortgage | B | 724 | 331 | 8.6% | 6.00% |
| 14 | Pennymac Loan Services | C | 667 | 364 | 11.8% | 6.62% |
| 15 | Broker Solutions | D | 495 | 166 | 11.9% | 6.75% |
| 16 | Newrez | D | 481 | 197 | 15.0% | 6.50% |
| 17 | Altana Federal Credit Union | A | 474 | 356 | 17.7% | 6.25% |
| 18 | AmeriSave Mortgage | D | 456 | 126 | 61.6% | 8.00% |
| 19 | Kind Lending | C | 450 | 319 | 21.1% | 6.50% |
| 20 | 21st Mortgage | F | 439 | 83 | 48.3% | 10.30% |
| 21 | Loandepot.Com | D | 406 | 215 | 27.3% | 6.99% |
| 22 | Navy Federal Credit Union | D | 384 | 176 | 18.8% | 6.94% |
| 23 | Valley Financial Credit Union | D | 343 | 264 | 21.6% | 7.25% |
| 24 | Nationstar Mortgage | C | 323 | 217 | 15.2% | 7.99% |
| 25 | Bank of America | F | 306 | 115 | 27.1% | 6.00% |
Best approval odds in Montana
Lowest decision denial rate among lenders that decided at least 300 Montana applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Evergreen Moneysource Mortgage | 900 | 1.4% | 6.25% |
| 2 | Guild Mortgage | 619 | 4.4% | 6.25% |
| 3 | Crosscountry Mortgage | 698 | 6.7% | 6.63% |
| 4 | Stockman Bank of Montana | 2,431 | 7.5% | 6.88% |
| 5 | Guaranteed Rate | 515 | 9.3% | 6.50% |
| 6 | United Shore Financial Services | 1,615 | 10.5% | 6.25% |
| 7 | Opportunity Bank of Montana | 1,313 | 12.0% | 6.88% |
| 8 | Freedom Mortgage | 449 | 13.8% | 6.00% |
| 9 | Pennymac Loan Services | 454 | 17.4% | 6.62% |
| 10 | Rocket Mortgage | 1,862 | 18.7% | 6.75% |
Lowest median rates in Montana
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Horizon Federally Insured State-Chartered Credit Union | 147 | 2.99% | 34.4% |
| 2 | Calcon Mutual Mortgage | 167 | 5.99% | 8.2% |
| 3 | Lower | 220 | 6.00% | 8.0% |
| 4 | Bank of America | 115 | 6.00% | 27.1% |
| 5 | Freedom Mortgage | 331 | 6.00% | 8.6% |
| 6 | Churchill Mortgage | 178 | 6.13% | 1.7% |
| 7 | Fairway Independent Mortgage | 207 | 6.13% | 4.4% |
| 8 | Mortgage Research Center | 439 | 6.13% | 16.7% |
| 9 | Lakeview Loan Servicing | 100 | 6.25% | 34.9% |
| 10 | Altana Federal Credit Union | 356 | 6.25% | 17.7% |
What Montana borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Montana applications were denied
Montana mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 28,505 | 17,504 | 16.2% | 6.99% | $245,000 | 501 |
| 2024 | 32,002 | 19,445 | 16.7% | 6.88% | $255,000 | 522 |
| 2025 | 37,108 | 23,001 | 14.8% | 6.63% | $275,000 | 553 |
Montana counties
Counties with at least 200 applications in 2025, most active first.
Frequently asked questions
14.8% of mortgage applications in Montana were denied in 2025 (18.7% of applications that reached a decision). Nationally the rate was 18.0%.
Glacier Bank handled the most applications in Montana in 2025: 3,018, with a denial rate of 16.2%.
Among lenders that decided at least 300 applications in Montana, Evergreen Moneysource Mortgage had the lowest decision denial rate at 1.4%.
The median interest rate on loans originated in Montana in 2025 was 6.63%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.