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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.

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Mortgage Rates in Missoula, MT as of January 21, 2020
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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.
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How Do Today's Missoula, MT Mortgage Rates Compare?

January 21, 2020

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%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

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 $339,055

Based on current mortgage rates and a 10% down payment, you need to make $61,021 per year to buy the median priced home in Missoula

With this income, you could qualify for a $305,149 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 $1,413

The median household income for Missoula, MT is $52,112

Based on this income, you can afford a home valued at approximately $289,552

The home price you can afford to buy based on household income in Missoula is 85% of the median home value which means housing prices are expensive. Missoula ranks 55 out of 56 counties in Montana and 3,067 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

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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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Missoula, MT

1 unit: $350,750
2 units: $449,000
3 units: $542,750
4 units: $674,500

VA loan limits for Missoula, MT

1 unit: $510,400

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