»
»
Missoula

Current Mortgage Rates in Missoula, Montana

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

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

%
Mortgage Rates in Missoula, MT as of August 22, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Missoula, MT

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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 Missoula, MT Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in Missoula 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
Missoula, 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 Missoula, Montana?

The median home value for Missoula, MT is $318,361

The median household income for Missoula, MT is $50,923

Based on current mortgage rates and a 10% down payment, you need to make $59,066 per year to buy the median priced home in Missoula

The home price you can afford to by based on household income in Missoula is 86% of the median home value which means housing prices are expensive

Missoula ranks 55 out of 56 counties in Montana and 3,068 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Missoula, MT is expensive

orange-simple-house
ruler

Loan Limits for Missoula, Montana

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Missoula below.

Conforming loan limits for Missoula, MT

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

FHA loan limits for Missoula, MT

1 unit: $334,650
2 units: $428,400
3 units: $517,850
4 units: $643,550

VA loan limits for Missoula, MT

1 unit: $484,350

Additional Mortgage Resources for Missoula, 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