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Helena

Current Mortgage Rates in Helena, Montana

Compare mortgage rates and fees for leading lenders in Helena, 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 Helena.

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

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Mortgage Rates in Helena, MT as of October 21, 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 Helena, MT Mortgage Rates Compare?

October 21, 2019

The current average rate for a 30 year fixed rate mortgage in Helena 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
Helena, MT Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Helena, Montana?

The median home value for Helena, MT (Lewis and Clark County) is $271,306

The median household income for Helena, MT (Lewis and Clark County) is $62,647

Based on current mortgage rates and a 10% down payment, you need to make $50,336 per year to buy the median priced home in Helena

The home price you can afford to buy based on household income in Helena is 124% of the median home value which means housing prices are average

Helena (Lewis and Clark County) ranks 42 out of 56 counties in Montana and 2,831 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Helena, Montana

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

Conforming loan limits for Helena, MT

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

FHA loan limits for Helena, MT

1 unit: $316,250
2 units: $404,850
3 units: $489,350
4 units: $608,150

VA loan limits for Helena, MT

1 unit: $484,350

Additional Mortgage Resources for Helena, MT Residents

Mortgage Rates for Montana Cities

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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