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.
December 11, 2019
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%
The median home value for Flathead, MT is $300,526
The median household income for Flathead, MT is $52,982
Based on current mortgage rates and a 10% down payment, you need to make $55,757 per year to buy the median priced home in Flathead
The home price you can afford to buy based on household income in Flathead is 95% 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
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
VA loan limits for Flathead, MT
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index