See the latest Montana mortgage rates for fixed rates: 30 year, 20, 15, 10 FHA, VA, Jumbo, plus variable rates: 10, 7, 5, 3 years. Also see how local rates compare nationally and main lending options available across the state.
Buying a home in Montana could be easier with today’s mortgage rates.
Montana Mortgage Rates –
The table below shows today’s home purchase mortgage rates for Montana, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.65% | 6.70% | 6.75% | |
| Montana | 6.59% | 6.64% | 6.69% | |
| Credit Unions | 6.19% | 6.24% | 6.39% | 9.4/10 |
| Online lenders | 6.29% | 6.34% | 6.49% | 7.8/10 |
| Banks | 6.59% | 6.64% | 6.69% | 8.1/10 |
| 30 year fixed | 6.59% | 6.64% | 6.69% | |
| 30 year fixed FHA | 6.87% | 6.92% | 6.97% | |
| 30 year fixed VA | 6.39% | 6.44% | 6.49% | |
| 30 year fixed Jumbo | 6.82% | 7.20% | 7.39% | |
| 20 year fixed | 6.79% | 6.84% | 6.89% | |
| 15 year fixed | 5.94% | 5.99% | 6.04% | |
| 10 year fixed | 5.70% | 5.75% | 5.80% | |
| 3 year ARM | 4.84% | 4.89% | 4.94% | |
| 5 year ARM | 6.88% | 6.93% | 6.98% | |
| 7 year ARM | 6.80% | 6.85% | 6.90% | |
| 10 year ARM | 6.59% | 6.64% | 6.69% | |
| Satisfaction | 8.7/10 | 8.5/10 | 7.2/10 |
Source: MFP’s Community Home Purchase Rates Survey from Montana members the last 30 days.
How Montana Compares to National Averages
- Montana mortgage rates (6.59% for best credit scores) are slightly below national averages (national average: 6.65%).
- Credit unions are more competitive: In Montana, credit unions offer 6.19%, banks 6.59%, online lenders 6.29%.
Mortgage Options in Montana
- 30 year fixed: 6.59% - most popular long-term option for predictable payments
- 20 year fixed: 6.79% - balance between payment size and interest savings
- 15 year fixed: 5.94% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.70% - shortest fixed-term option with competitive rates
- 10 year variable: 4.84% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.88% - A mid-term variable option...
- 5 year variable: 6.80% - Shorter-term variable mortgage...
- 3 year variable: 6.59% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Cities Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Billings | 6.43% | 5.66% |
| Missoula | 6.39% | 5.62% |
| Great Falls | 6.45% | 5.68% |
| Bozeman | 6.37% | 5.60% |
| Kalispell | 6.41% | 5.64% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Montana Best Mortgage Lenders
See which Montana lenders are most recommended for a home mortgage by community members surveys in the State and in its main metro areas.
Billings, Missoula, Great Falls, Bozeman, Butte, Helena, Kalispell, Belgrade, Online lenders.
FAQs – Montana Mortgage Rates
Are home purchase rates higher in Montana than the U.S. average?
Montana rates are typically slightly above the national average, though competitive local lenders can help borrowers find favorable terms.
What credit score is best for buying a home in Montana?
A credit score of 720 or higher typically secures the best mortgage rates available in Montana.
Is it better to choose a fixed-rate or ARM in Montana?
Fixed-rate mortgages provide payment stability for long-term homeowners, while ARMs may benefit those planning to move or refinance within a few years.
More Info for Montana Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in Montana: Community rated lenders by city.
Montana Home Insurance Cost: Average premiums and top rated local insurers.
Homeowner Resources & Grants: Grants and assistance programs nationwide.