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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 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.
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How Do Today's Helena, MT Mortgage Rates Compare?

September 19, 2020

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%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Helena, Montana?

Below we provide helpful information on the real estate market, home prices and housing affordability in Helena. Understand how much you need to earn to afford a home in Helena, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Helena 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 Helena is right for you.

The median home value for Helena, MT (Lewis and Clark County) is $292,739

Based on current mortgage rates and a 10% down payment, you need to make $52,686 per year to buy the median priced home in Helena

With this income, you could qualify for a $263,465 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 Helena is $1,220

The median household income for Helena, MT (Lewis and Clark County) is $64,111

Based on this income, you can afford a home valued at approximately $356,221

The home price you can afford to buy based on household income in Helena is 122% 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 2,844 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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Helena, MT

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Helena, MT

1 unit: $510,400

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