Current Montana Mortgage Rates

Compare Montana mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Montana.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Montana. Plus, shopping lenders is free and there is no obligation.

Montana Mortgage Rates as of November 30, 2022
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Montana Mortgage Rates

November 30, 2022

Current mortgage rates in Montana are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Montana Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Montana?

Below we offer valuable insights on the housing market and real estate prices in Montana. Understand how much you need to make to buy a house in Montana, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Montana is affordable for you. We provide this helpful information to help you decide if living in Montana is right for you.

The median home value for Montana is $334,133

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Montana is $54,746

With this income, you could qualify for a $300,720 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Montana is $1,268

The median household income for Montana is $62,546

Based on this income, you can afford a home valued at approximately $381,735

The home price you can afford to buy based on household income in Montana is 114% of the median home value which means housing prices are very expensive. Montana ranks 41 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Montana is very expensive


Additional Mortgage Resources for Montana Residents

Mortgage Rates for Montana Cities

Billings Mortgage Rates

Bozeman Mortgage Rates

Flathead Mortgage Rates

Great Falls Mortgage Rates

Helena Mortgage Rates

Missoula Mortgage Rates