Compare Flathead, MT 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 Flathead.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Flathead. Plus, shopping lenders is free and there is no obligation.
June 25, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Flathead. Understand how much you need to earn to afford a home in Flathead, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Flathead fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Flathead is right for you.
The median home value for Flathead, MT is $406,113
Based on current mortgage rates and a 10% down payment, you need to make $66,540 per year to buy the median priced home in Flathead
With this income, you could qualify for a $365,501 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 Flathead is $1,541
The median household income for Flathead, MT is $67,650
Based on this income, you can afford a home valued at approximately $412,885
The home price you can afford to buy based on household income in Flathead is 102% of the median home value which means housing prices are average. Flathead ranks 46 out of 56 counties in Montana and 3,009 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Flathead, MT is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Flathead below.
Conforming loan limits for Flathead, MT
FHA loan limits for Flathead, MT