Largest lenders in Madison County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Glacier Bank | D | 43 | 22 | 20.9% | 7.25% |
| 2 | Stockman Bank of Montana | B | 37 | 24 | 5.4% | 6.88% |
| 3 | Opportunity Bank of Montana | B | 37 | 21 | 18.9% | 7.00% |
| 4 | Rocket Mortgage | C | 30 | 20 | 26.7% | 7.06% |
| 5 | First Interstate Bank | D | 28 | 17 | 17.9% | 8.00% |
| 6 | JPMorgan Chase Bank | B | 24 | 15 | 4.2% | 6.13% |
| 7 | U.S. Bank | D | 18 | 9 | 22.2% | 6.25% |
| 8 | Crosscountry Mortgage | B | 16 | 10 | 0.0% | 6.88% |
| 9 | Bank of America | F | 14 | 6 | 14.3% | 5.50% |
| 10 | Madison Valley Bank | – | 14 | 13 | 0.0% | — |
| 11 | Guaranteed Rate | B | 12 | 7 | 0.0% | 6.93% |
| 12 | Evergreen Moneysource Mortgage | B | 12 | 5 | 8.3% | 6.38% |
| 13 | Cornerstone Capital Bank | A | 11 | 8 | 9.1% | 6.31% |
| 14 | Broker Solutions | D | 10 | 1 | 30.0% | 6.75% |
| 15 | Morgan Stanley Private Bank | A | 9 | 6 | 22.2% | 5.55% |
| 16 | Pennymac Loan Services | C | 8 | 6 | 0.0% | 6.87% |
| 17 | Citibank | B | 8 | 5 | 12.5% | 5.50% |
| 18 | United Shore Financial Services | B | 8 | 8 | 0.0% | 6.61% |
| 19 | Loandepot.Com | D | 8 | 5 | 0.0% | 6.50% |
| 20 | Wells Fargo Bank | B | 7 | 2 | 14.3% | 5.94% |
| 21 | Newrez | D | 7 | 2 | 14.3% | 6.81% |
| 22 | Mortgage Research Center | C | 6 | 2 | 16.7% | 5.93% |
| 23 | The Bank of Commerce | B | 5 | 4 | 0.0% | — |
| 24 | AmeriSave Mortgage | D | 5 | 2 | 60.0% | 5.69% |
| 25 | Freedom Mortgage | B | 5 | 1 | 0.0% | 6.25% |
What Madison County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Madison County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 380 | 229 | 16.1% | 6.99% | $360,000 |
| 2024 | 460 | 269 | 17.0% | 6.99% | $345,000 |
| 2025 | 559 | 333 | 14.3% | 6.63% | $375,000 |
Frequently asked questions
14.3% of applications in Madison County were denied in 2025, against 14.8% statewide in Montana.
Glacier Bank, with 43 applications in 2025 and a denial rate of 20.9%.
The median mortgage application in Madison County in 2025 was for $375,000; the median property value on originated loans was $795,000.