Montana Mortgage and Refinance Rates

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Updated on July 03, 2026

On Friday, July 03, 2026, the national average 30-year fixed mortgage APR is 6.61%. The national average 30-year fixed refinance APR is 6.79%, according to Bankrate's latest survey of the nation's largest mortgage lenders.

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Showing results for: Single-family home, 30 year fixed and 5 year ARM mortgages with all points options.

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Sage Home Loans 30 Year Fixed

NMLS #3304 | State Lic: 3304

Rate as of 7/3/26: 5.748%
APR: 5.924%
Points: 1.617
Monthly payment: $3,174
Upfront costs: $10,2908 year cost: $245,943
Customer score

The Central Trust Bank 30 Year Fixed

NMLS #407985

Rate as of 7/3/26: 5.750%
APR: 5.943%
Points: 1.696
Monthly payment: $3,175
Upfront costs: $11,2168 year cost: $246,955
Customer score

Mutual of Omaha Mortgage 30 Year Fixed

NMLS #1025894

Rate as of 7/3/26: 5.750%
APR: 5.954%
Points: 1.769
Monthly payment: $3,175
Upfront costs: $11,8618 year cost: $247,601
Customer score

Tomo Mortgage 30 Year Fixed

Rate as of 7/3/26: 5.750%
APR: 5.978%
Points: 1.955
Monthly payment: $3,183
Upfront costs: $12,3358 year cost: $247,704
Customer score

First Federal Bank 30 Year Fixed

NMLS #408902

Rate as of 7/3/26: 5.875%
APR: 6.031%
Points: 1.445
Monthly payment: $3,218
Upfront costs: $9,0558 year cost: $250,216
Customer score

First Residential Independent Mortgage 30 Year Fixed

NMLS #1907

Rate as of 7/3/26: 5.875%
APR: 6.083%
Points: 1.563
Monthly payment: $3,218
Upfront costs: $12,0038 year cost: $253,164
Customer score

Alliant Credit Union 30 Year Fixed

NMLS #197185

Rate as of 7/3/26: 6.000%
APR: 6.192%
Points: 1.855
Monthly payment: $3,262
Upfront costs: $11,0418 year cost: $257,632
Customer score

New American Funding 30 Year Fixed

NMLS #6606

Rate as of 7/3/26: 6.490%
APR: 6.726%
Points: 1.962
Monthly payment: $3,435
Upfront costs: $13,1738 year cost: $280,593
Customer score

First Federal Bank 5/6 Arm

NMLS #408902

Rate as of 7/3/26: 5.250%
APR: 6.110%
Points: 1.642
Monthly payment: $3,004
Upfront costs: $10,1278 year cost: $258,228
Customer score

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About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

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Loans Above $832,750 May Have Different Loan Terms: If you are seeking a loan for more than $832,750, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

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Table of contents

Current mortgage rates in Montana
Mortgage options in Montana
First-time homebuyer programs in Montana
How to find the best mortgage rate in Montana for you
Additional Montana mortgage resources

Current mortgage rates in Montana

As of Friday, July 03, 2026, current mortgage interest rates in Montana are 6.25% for a 30-year fixed mortgage and 5.63% for a 15-year fixed mortgage. While mortgage rates are difficult to predict and change frequently, many experts believe rates will hover in the 6% to 7% range for much of 2026, both nationally and in Montana.

Learn more: Latest mortgage rate forecast

Refinance rates in Montana

Refinance rates are also now much higher than the rock-bottom levels of the past few years. As of Friday, July 03, 2026, a 30-year fixed refinance loan is 0.00% in Montana, and a 15-year fixed refinance loan is 0.00%.

Still, you might consider a cash-out refinance on your Montana home to pay for renovations or other expenses. As home prices have risen, so have homeowners’ equity. The average mortgage-holder gained $5,700 in equity year over year in the third quarter of 2024, according to Cotality. If you want to use your equity but don’t want to refinance, a home equity line of credit (HELOC) is another option.

Montana mortgage rates by loan type

While the 30-year fixed-rate mortgage is the most common option for homebuyers, there are plenty of other ways to finance a new property. Here’s how national averages for mortgage rates vary by different loan types:

Product	Interest rate
30-Year Fixed Rate	6.25%
15-Year Fixed Rate	5.63%
15-Year Fixed Rate Jumbo	0.00%
30-Year Fixed Rate FHA Loan	0.00%
30-Year Fixed Rate VA Loan	0.00%
30-Year Fixed Rate Jumbo	0.00%
3/1 Adjustable Rate Mortgage	0.00%
7/1 Adjustable Rate Mortgage	0.00%

_{Rates as of Friday, July 03, 2026 at 6:30 AM}

Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the five largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.

Learn more about how we collect, display and report mortgage rates.

Mortgage options in Montana

Like elsewhere in the U.S., there’s a variety of mortgage options in Montana to suit a range of needs and financial circumstances. Here are some of the most common:

To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio no more than 45 percent. With a down payment of less than 20 percent, you’ll need to pay private mortgage insurance (PMI) premiums, as well.
If your credit history disqualifies you from a conventional mortgage, you might be able to obtain an FHA loan insured by the Federal Housing Administration (FHA). If you have a down payment of at least 3.5%, you could qualify for this type of loan with a credit score as low as 580.
If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the Department of Veterans Affairs (VA). A VA loan doesn’t require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25% to 2.15% for the first use.
If you’re buying a rural property in Montana, you might be eligible for a mortgage guaranteed by the U.S. Department of Agriculture (USDA). USDA loans don’t require a down payment, but you’ll need to purchase in a designated rural area and meet the area’s income limits.

Learn more: Types of home loans

First-time homebuyer programs in Montana

Montana Housing, the state’s housing finance agency, administers homeownership and rental programs, which include first-time homebuyer programs. Montana Housing also works along with NeighborWorks Montana, a nonprofit organization, to help make homeownership more affordable. The state defines a first-time homebuyer as someone who hasn’t owned a home in the past three years.

Regular Bond Program: This program provides 30-year, low-interest mortgages to eligible first-time homebuyers who meet income, purchase price and loan program requirements (FHA, VA, USDA, Section 184), with possible homebuyer education required.
Bond Advantage DPA: One of Montana Housing’s Down Payment Assistance programs, this option offers a 15-year loan of up to 5% of the purchase price (max $15,000) with low monthly payments. It requires a $1,000 investment, a minimum 620 credit score and completing a homebuyer education course.
MBOH Plus 0% Deferred DPA: This program provides a loan with no interest for up to 5% of the purchase price (max $15,000). It is due upon sale of the home, refinance or payoff of the loan. In addition, it requires a $1,000 investment, a minimum 620 credit score and completing a homebuyer education course.
80% Combined Program: This option helps eligible buyers avoid mortgage insurance with an 80 percent first mortgage and 20% second mortgage. To qualify, you must have a minimum 640 credit score and a DTI ratio under 45%, and meet income limits.

Learn more: Montana first-time homebuyer resources

How to find the best mortgage rate in Montana for you

Step 1: Strengthen your credit score

Long before you start looking for a mortgage lender or applying for a loan, give your finances a checkup, and improve your credit score if needed.
Step 2: Determine your budget

To find the right mortgage, you’ll need a good handle on how much house you can afford.
Step 3: Know your mortgage options

There are a few different types of mortgages.
Step 4: Compare rates and terms from several lenders

Rate-shop with at least three different banks or mortgage companies. Reading lender reviews can help you decide which one to work with.
Step 5: Get preapproved for a mortgage

Getting a mortgage preapproval is the only way to get accurate loan pricing for your specific situation.

Learn more: How to get a mortgage

Additional Montana mortgage resources

Montana loan limits by county

Learn the conforming and FHA loan limits for your city or county.

Montana mortgage lenders

Explore home loan lenders in your state.

Meet our Bankrate experts

Written by

Andrew Dehan Andrew Dehan

Former Senior Writer, Home Lending

Montana Mortgage and Refinance Rates

Don't be like the 90% of buyers who overpay

Montana mortgage and refinance rates today

How Bankrate works

How Bankrate works

Get lender information

Compare personalized rates

Get matched with lenders

Current mortgage rates in Montana

Refinance rates in Montana

Montana mortgage rates by loan type

How Bankrate collects mortgage rates

Mortgage options in Montana

Montana conventional mortgages

Montana FHA loans

Montana VA loans

Montana USDA loans

First-time homebuyer programs in Montana

How to find the best mortgage rate in Montana for you

Step 1: Strengthen your credit score

Step 2: Determine your budget

Step 3: Know your mortgage options

Step 4: Compare rates and terms from several lenders

Step 5: Get preapproved for a mortgage

Additional Montana mortgage resources

Meet our Bankrate experts

Mortgage rates in other states