Montana Mortgage Lenders and Rates (MT)

We all know that finding the right mortgage and rate in Montana can save you thousands.  Mortgage-Info.us was created with that goal in mind.  If you are looking for lenders, Mortgage Rates, or Mortgage Brokers – we got it.  Plus when you fill out a mortgage quote form from Mortgage-Info.us, we will get you offers from 2-4 different lenders, meaning lenders are going to compete for your loan – and that will save you money.

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Featured Mortgage Lenders in Montana

Montana Mortgage Quick Facts

Montana State Population: 902,195*
Median Home Price in Montana : $99,500* 
Total Montana Housing Units: 
417,106* 
Montana Home Ownership Rate
: 69.1%*

Types of Mortgage Loans Available in Montana

Montana brokersoffers all types of Mortgage Loans. Below is some specific information on a few of the loans they offer:

Fixed Rate Mortgage Loans
• 10 year
• 15 year
• 20 year
• 25 year
• 30 year
• 40 year

Adjustable Rate Mortgage Loans
• 1/1 ARM
• 2/1 ARM
• 3/1 ARM
• 5/1 ARM
• 7/1 ARM
• 10/1 ARM

Montana mortgage brokers might also offer other types of loans including:
• Interest only Mortgage loans
• LIBOR Mortgage Loans
• Cash out Mortgage Loans
• Refinance Mortgage Loans
• Home Equity Loans
• Second Mortgage Loans
• Home Purchase Mortgage Loans
• Reverse Mortgage Loans
• Home Equity Line of Credit Mortgage Loans (HELOC)
• Other Special Mortgage Loans

How Your Credit Score Affects Your Mortgage Rate

First, you’ll need to know what your current credit score is. You should compare that against the average Montana consumer credit score (706), and the national average credit score (677). Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, including your credit score.

Montana Mortgage State Laws:

Only in Montana

Montana has created online mortgage laws designed to protect buyers. Montana does not have mortgage taxes. Montana uses trust indenture as a synonym for mortgage.

Foreclosure

Montana practices judicial and non-judicial foreclosure. Non-judicial foreclosure processes are generally elected. Mortgages may act as leins upon property

The Small Tract Financing Act of Montana

The Small Tract Financing Act creates tiers in property, and allows them to be subject to different types of mortgages. It also allows mortgages on properties forty acres or smaller, and requires mortgages for loans over $500,000. Under these qualifications, most single-family loans are subject to the Trust Indenture Act.

Montana Mortgage Fraud Office
White Collar Crime Supervisor
http://saltlakecity.fbi.gov/
Towers Building
257 East, 200 South
Salt Lake City, UT 84111-2048
Phone: (801) 579-1400

Montana Counties:

Beaverhead County, Big Horn County, Blaine County, Broadwater County, Carbon County, Carter County, Cascade County, Chouteau County, Custer County, Daniels County, Dawson County, Deer Lodge County, Fallon County, Fergus County, Flathead County, Gallatin County, Garfield County, Glacier County, Golden Valley County, Granite County, Hill County, Jefferson County, Judith Basin County, Lake County, Lewis and Clark County, Liberty County, Lincoln County, McCone County, Madison County, Meagher County, Mineral County, Missoula County, Musselshell County, Park County, Petroleum County, Phillips County, Pondera County, Powder River County, Powell County, Prairie County, Ravalli County, Richland County, Roosevelt County, Rosebud County, Sanders County, Sheridan County, Silver Bow County, Stilwater County, Sweet Grass County, Teton County, Toole County, Treasure County, Valley County, Wheatland County, Wibaux County, Yellowstone County

Source
-US Census

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.

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