Today's Montana (MT) Mortgage Rates

Montana (MT) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 254,077
Loan purchased by the institution: 100,304
Application denied by financial institution: 73,368
Application withdrawn by applicant: 42,818
Application approved but not accepted: 20,087
File closed for incompleteness: 9,692
Preapproval request denied by financial institution: 29
Preapproval request approved but not accepted: 1

Purpose of Loans

Refinancing: 290,463
Home purchase: 176,126
Home improvement: 33,787

Mortgage Types

Conventional: 380,097
FHA-insured: 70,224
VA-guaranteed: 33,635
FSA/RHS-guaranteed: 16,420

Mortage Actions by Applicant Race

White: 405,901
Not applicable: 54,592
Information not provided by applicant in mail, Internet, or telephone application: 30,261
American Indian or Alaska Native: 5,773
Asian: 2,007
Black or African American: 1,063
Native Hawaiian or Other Pacific Islander: 779

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 408,909
Not applicable: 54,638
Information not provided by applicant in mail, Internet, or telephone application: 30,755
Hispanic or Latino: 6,074

Mortage Actions by Applicant Sex

Male: 314,959
Female: 110,695
Not applicable: 54,592
Information not provided by applicant in mail, Internet, or telephone application: 20,130

Mortage Actions by Agency Name

Office of the Comptroller of the Currency: 111,142
Consumer Financial Protection Bureau: 99,803
Department of Housing and Urban Development: 92,819
Federal Reserve System: 84,943
Federal Deposit Insurance Corporation: 65,468
Office of Thrift Supervision: 27,633
National Credit Union Administration: 18,568

Mortage Actions by County

Mortage Actions by City

Unknown: 286,372
Billings – MT: 102,275
Missoula – MT: 61,488
Great Falls – MT: 50,241

Mortage Denial Reasons

Unknown: 452,641
Collateral: 12,397
Debt-to-income ratio: 10,208
Credit history: 9,668
Other: 7,301
Credit application incomplete: 4,537
Unverifiable information: 1,988
Insufficient cash (downpayment, closing costs): 799
Employment history: 783
Mortgage insurance denied: 54

HOEPA Status of Mortage Loans

Not a HOEPA loan: 499,928
HOEPA loan: 448

Lien Status of Mortage Loans

Secured by a first lien: 369,253
Not applicable: 100,304
Secured by a subordinate lien: 22,564
Not secured by a lien: 8,255

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 441,416
Not owner-occupied as a principal dwelling: 56,558
Not applicable: 2,402

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 475,141
Manufactured housing: 24,184
Multifamily dwelling: 1,051

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 217,150
Fannie Mae (FNMA): 95,612
Freddie Mac (FHLMC): 49,645
Ginnie Mae (GNMA): 45,210
Commercial bank, savings bank or savings association: 30,691
Other type of purchaser: 22,944
Affiliate institution: 18,807
Life insurance company, credit union, mortgage bank, or finance company: 18,324
Private securitization: 1,982
Farmer Mac (FAMC): 11