Current Mortgage Rates in Flathead, Montana

Compare mortgage rates and fees for leading lenders in Flathead, MT. 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 lender offering the best 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.

Mortgage Rates in Flathead, MT as of September 19, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Flathead, MT Mortgage Rates Compare?

September 19, 2020

The current average rate for a 30 year fixed rate mortgage in Flathead 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
Flathead, MT Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Flathead, Montana?

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 $324,267

Based on current mortgage rates and a 10% down payment, you need to make $58,360 per year to buy the median priced home in Flathead

With this income, you could qualify for a $291,840 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 $1,352

The median household income for Flathead, MT is $54,219

Based on this income, you can afford a home valued at approximately $301,261

The home price you can afford to buy based on household income in Flathead is 93% of the median home value which means housing prices are expensive. Flathead ranks 50 out of 56 counties in Montana and 3,025 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 expensive


Loan Limits for Flathead, Montana

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

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Flathead, MT

1 unit: $343,850
2 units: $440,200
3 units: $532,100
4 units: $661,250

VA loan limits for Flathead, MT

1 unit: $510,400

Additional Mortgage Resources for Flathead, MT Residents

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