Compare Current Missoula, Montana Mortgage Rates

Compare Missoula, MT mortgage rates and fees from top lenders. 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 lowest 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.

Missoula, MT Mortgage Rates as of May 25, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Missoula, MT Mortgage Rates

May 25, 2024

Current mortgage rates in Missoula, MT are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Missoula, MT Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Missoula, Montana?

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

The median home value for Missoula, MT is $464,879

Based on current mortgage rates and a 10% down payment, you need to make $96,981 per year to buy the median priced home in Missoula

With this income, you could qualify for a $418,391 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 Missoula is $2,246

The median household income for Missoula, MT is $67,778

Based on this income, you can afford a home valued at approximately $324,895

The home price you can afford to buy based on household income in Missoula is 70% of the median home value which means housing prices are very expensive. Missoula ranks 54 out of 56 counties in Montana and 3,069 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 very expensive


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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Missoula, MT

1 unit: $546,250
2 units: $699,300
3 units: $845,300
4 units: $1,050,500

VA loan limits for Missoula, MT

1 unit: $726,200

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