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.
December 11, 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%
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 buy 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
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
FHA loan limits for Great Falls, MT
VA loan limits for Great Falls, 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