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Great Falls

Current Mortgage Rates in Great Falls, Montana

Compare mortgage rates and fees for leading lenders in Great Falls, 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 Great Falls.

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

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Mortgage Rates in Great Falls, MT as of August 18, 2019
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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.

How Do Today's Great Falls, MT Mortgage Rates Compare?

August 18, 2019

The current average rate for a 30 year fixed rate mortgage in Great Falls 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
Great Falls, MT Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Great Falls, Montana?

The median home value for Great Falls, MT (Cascade County) is $191,207

The median household income for Great Falls, MT (Cascade County) is $48,259

Based on current mortgage rates and a 10% down payment, you need to make $35,475 per year to buy the median priced home in Great Falls

The home price you can afford to by based on household income in Great Falls is 136% of the median home value which means housing prices are average

Great Falls (Cascade County) ranks 39 out of 56 counties in Montana and 2,729 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Great Falls, MT is average

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Loan Limits for Great Falls, Montana

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Great Falls (Cascade County) below.

Conforming loan limits for Great Falls, MT

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Great Falls, MT

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Great Falls, MT

1 unit: $484,350

Additional Mortgage Resources for Great Falls, MT 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

Sources

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