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Montana

Current Montana Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Montana. Review free, personalized mortgage rates for Montana based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

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.

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Mortgage Rates for Montana as of January 24, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Montana Mortgage Rates Compare?

January 24, 2020

The current average rate for a 30 year fixed rate mortgage in Montana is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Montana Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

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 $265,578

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Montana is $47,797

With this income, you could qualify for a $239,020 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 $1,107

The median household income for Montana is $53,957

Based on this income, you can afford a home valued at approximately $299,807

The home price you can afford to buy based on household income in Montana is 113% 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

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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