Top Mortgage Lenders in Billings, MT

Which mortgage lender in the Billings, MT area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Billings, MT area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Billings, MT area is First Interstate Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.06%. This means that First Interstate Bank provided a -0.06% lower interest rate for its customers than other lenders in Billings, MT for a similar set of borrowers. First Interstate Bank has a market share of 12.5%. On the other hand, the most popular lender in the market is Stockman Bank, with a market share of 18.2%. Stockman Bank is an average rate lender in this area, with a “Rate Difference” of -0.03% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Billings, MT area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Billings, MT is First Interstate Bank. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Stockman Bank. The cheapest VA mortgage provider is also Stockman Bank. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Billings, MT

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Interstate Bank 1, -0.06% 12.48%
Opportunity Bank Of Montana 2, -0.06% 6.74%
Billings Federal Credit Union 3, -0.04% 3.22%
Us Bank 4, -0.03% 4.58%
Flagstar Bank 5, -0.03% 5.37%
Stockman Bank 6, -0.03% 18.21%
Wells Fargo Bank 7, -0.02% 4.58%
Cornerstone Home Lending, Inc 8, 0.00% 3.45%
Stearns Lending 9, 0.01% 1.46%
Glacier Bank 10, 0.02% 10.05%
Universal Lending Corporation 11, 0.02% 6.10%
Fairway Independent Mort Corp 12, 0.02% 2.16%
RPM Mortgage 13, 0.03% 2.49%
LoanDepot 14, 0.04% 1.66%
CMG Mortgage Inc 15, 0.04% 1.46%
Usaa Federal Savings Bank 16, 0.05% 1.82%
Guild Mortgage Company 17, 0.06% 4.41%
Mann Mortgage 18, 0.09% 1.69%
Quicken Loans 19, 0.15% 8.06%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.08% 4.45%
Opportunity Bank Of Montana 2, -0.06% 7.51%
Wells Fargo Bank 3, -0.04% 4.49%
First Interstate Bank 4, -0.04% 12.19%
Flagstar Bank 5, -0.03% 5.47%
Billings Federal Credit Union 6, -0.03% 2.59%
Stockman Bank 7, -0.02% 19.93%
Cornerstone Home Lending, Inc 8, 0.00% 3.85%
Stearns Lending 9, 0.01% 1.67%
Universal Lending Corporation 10, 0.02% 7.00%
Fairway Independent Mort Corp 11, 0.03% 2.78%
RPM Mortgage 12, 0.03% 2.97%
Glacier Bank 13, 0.04% 10.94%
LoanDepot 14, 0.04% 0.42%
CMG Mortgage Inc 15, 0.06% 1.62%
Usaa Federal Savings Bank 16, 0.07% 1.99%
Guild Mortgage Company 17, 0.08% 4.73%
Mann Mortgage 18, 0.12% 1.99%
Quicken Loans 19, 0.14% 3.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Interstate Bank 1, -0.12% 13.20%
Opportunity Bank Of Montana 2, -0.07% 4.79%
Stockman Bank 3, -0.06% 13.90%
Billings Federal Credit Union 4, -0.05% 4.79%
Glacier Bank 5, -0.05% 7.83%
Flagstar Bank 6, -0.03% 5.14%
Mann Mortgage 7, -0.03% 0.93%
Usaa Federal Savings Bank 8, -0.03% 1.40%
Cornerstone Home Lending, Inc 9, -0.01% 2.45%
CMG Mortgage Inc 10, -0.01% 1.05%
Stearns Lending 11, -0.00% 0.93%
Universal Lending Corporation 12, 0.01% 3.86%
Fairway Independent Mort Corp 13, 0.01% 0.58%
RPM Mortgage 14, 0.01% 1.29%
Guild Mortgage Company 15, 0.02% 3.62%
LoanDepot 16, 0.03% 4.79%
Wells Fargo Bank 17, 0.05% 4.79%
Us Bank 18, 0.06% 4.91%
Quicken Loans 19, 0.15% 19.74%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Interstate Bank 1, -0.07% 15.22%
Opportunity Bank Of Montana 2, -0.07% 7.78%
Us Bank 3, -0.05% 5.23%
Billings Federal Credit Union 4, -0.05% 3.79%
Flagstar Bank 5, -0.04% 4.46%
Wells Fargo Bank 6, -0.02% 6.00%
Cornerstone Home Lending, Inc 7, -0.01% 2.98%
Stockman Bank 8, -0.00% 19.78%
LoanDepot 9, 0.01% 1.54%
RPM Mortgage 10, 0.02% 2.88%
Glacier Bank 11, 0.03% 9.12%
Usaa Federal Savings Bank 12, 0.03% 0.67%
CMG Mortgage Inc 13, 0.03% 0.91%
Fairway Independent Mort Corp 14, 0.04% 1.68%
Stearns Lending 15, 0.04% 0.82%
Guild Mortgage Company 16, 0.06% 4.22%
Universal Lending Corporation 17, 0.06% 3.60%
Mann Mortgage 18, 0.08% 1.49%
Quicken Loans 19, 0.19% 7.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.12% 5.10%
Opportunity Bank Of Montana 2, -0.07% 8.85%
Wells Fargo Bank 3, -0.05% 6.09%
First Interstate Bank 4, -0.05% 14.94%
Billings Federal Credit Union 5, -0.04% 2.97%
Flagstar Bank 6, -0.03% 4.32%
Cornerstone Home Lending, Inc 7, -0.01% 3.12%
Stockman Bank 8, 0.01% 22.10%
RPM Mortgage 9, 0.02% 3.47%
LoanDepot 10, 0.03% 0.35%
CMG Mortgage Inc 11, 0.04% 1.13%
Fairway Independent Mort Corp 12, 0.04% 2.27%
Stearns Lending 13, 0.04% 1.13%
Usaa Federal Savings Bank 14, 0.06% 0.64%
Glacier Bank 15, 0.06% 9.84%
Guild Mortgage Company 16, 0.07% 4.82%
Universal Lending Corporation 17, 0.07% 4.11%
Mann Mortgage 18, 0.11% 1.70%
Quicken Loans 19, 0.15% 3.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Interstate Bank 1, -0.12% 15.80%
Opportunity Bank Of Montana 2, -0.07% 5.51%
Glacier Bank 3, -0.06% 7.60%
Stockman Bank 4, -0.06% 14.90%
Billings Federal Credit Union 5, -0.06% 5.51%
Flagstar Bank 6, -0.05% 4.77%
Mann Mortgage 7, -0.03% 1.04%
CMG Mortgage Inc 8, -0.02% 0.45%
Usaa Federal Savings Bank 9, -0.02% 0.75%
Cornerstone Home Lending, Inc 10, -0.01% 2.68%
LoanDepot 11, 0.01% 4.02%
RPM Mortgage 12, 0.01% 1.64%
Stearns Lending 13, 0.01% 0.15%
Fairway Independent Mort Corp 14, 0.01% 0.45%
Guild Mortgage Company 15, 0.03% 2.98%
Universal Lending Corporation 16, 0.03% 2.53%
Wells Fargo Bank 17, 0.05% 5.81%
Us Bank 18, 0.07% 5.51%
Quicken Loans 19, 0.20% 17.88%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stockman Bank 1, -0.13% 13.22%
Flagstar Bank 2, -0.02% 8.70%
First Interstate Bank 3, -0.02% 5.91%
Glacier Bank 4, -0.01% 13.22%
Stearns Lending 5, -0.01% 3.83%
Opportunity Bank Of Montana 6, -0.00% 4.52%
Universal Lending Corporation 7, 0.00% 13.39%
Fairway Independent Mort Corp 8, 0.01% 4.35%
Billings Federal Credit Union 9, 0.01% 1.39%
Us Bank 10, 0.02% 0.52%
Cornerstone Home Lending, Inc 11, 0.03% 5.91%
RPM Mortgage 12, 0.05% 2.26%
Quicken Loans 13, 0.06% 9.04%
CMG Mortgage Inc 14, 0.07% 2.96%
Guild Mortgage Company 15, 0.09% 6.09%
LoanDepot 16, 0.11% 2.26%
Mann Mortgage 17, 0.17% 2.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stockman Bank 1, -0.14% 14.37%
Flagstar Bank 2, -0.03% 9.17%
Stearns Lending 3, -0.02% 3.54%
First Interstate Bank 4, -0.02% 6.67%
Glacier Bank 5, -0.01% 13.75%
Opportunity Bank Of Montana 6, -0.00% 5.00%
Universal Lending Corporation 7, 0.01% 14.37%
Fairway Independent Mort Corp 8, 0.01% 5.00%
Billings Federal Credit Union 9, 0.02% 1.46%
Us Bank 10, 0.02% 0.42%
Cornerstone Home Lending, Inc 11, 0.03% 6.67%
RPM Mortgage 12, 0.06% 2.71%
LoanDepot 13, 0.07% 0.62%
CMG Mortgage Inc 14, 0.09% 2.92%
Guild Mortgage Company 15, 0.11% 5.62%
Quicken Loans 16, 0.14% 4.79%
Mann Mortgage 17, 0.17% 2.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Universal Lending Corporation 1, -0.05% 8.42%
Stockman Bank 2, -0.02% 7.37%
First Interstate Bank 3, -0.02% 2.11%
Quicken Loans 4, -0.01% 30.53%
Glacier Bank 5, -0.01% 10.53%
Billings Federal Credit Union 6, -0.01% 1.05%
Stearns Lending 7, -0.00% 5.26%
Cornerstone Home Lending, Inc 8, -0.00% 2.11%
Fairway Independent Mort Corp 9, -0.00% 1.05%
Us Bank 10, -0.00% 1.05%
Guild Mortgage Company 11, 0.00% 8.42%
Opportunity Bank Of Montana 12, 0.00% 2.11%
CMG Mortgage Inc 13, 0.00% 3.16%
Flagstar Bank 14, 0.04% 6.32%
LoanDepot 15, 0.10% 10.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.03% 16.67%
Us Bank 2, 0.00% 50.00%
Billings Federal Credit Union 3, 0.00% 8.33%
Universal Lending Corporation 4, 0.00% 2.78%
Quicken Loans 5, 0.01% 2.78%
RPM Mortgage 6, 0.01% 2.78%
Opportunity Bank Of Montana 7, 0.01% 2.78%
Cornerstone Home Lending, Inc 8, 0.01% 8.33%
Stockman Bank 9, 0.02% 5.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.03% 22.22%
Billings Federal Credit Union 2, 0.00% 3.70%
Us Bank 3, 0.01% 55.56%
RPM Mortgage 4, 0.01% 3.70%
Opportunity Bank Of Montana 5, 0.02% 3.70%
Cornerstone Home Lending, Inc 6, 0.02% 11.11%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.01% 33.33%
Billings Federal Credit Union 2, -0.00% 22.22%
Universal Lending Corporation 3, -0.00% 11.11%
Quicken Loans 4, -0.00% 11.11%
Stockman Bank 5, 0.01% 22.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stockman Bank 1, -0.06% 18.44%
Opportunity Bank Of Montana 2, -0.05% 4.38%
Universal Lending Corporation 3, -0.03% 9.69%
First Interstate Bank 4, -0.03% 7.81%
Billings Federal Credit Union 5, -0.03% 2.19%
Flagstar Bank 6, -0.01% 5.94%
Wells Fargo Bank 7, -0.00% 2.19%
RPM Mortgage 8, 0.00% 0.31%
Cornerstone Home Lending, Inc 9, 0.01% 1.56%
Stearns Lending 10, 0.01% 1.56%
Mann Mortgage 11, 0.01% 1.88%
CMG Mortgage Inc 12, 0.02% 2.50%
Fairway Independent Mort Corp 13, 0.02% 1.56%
LoanDepot 14, 0.02% 1.56%
Guild Mortgage Company 15, 0.03% 3.12%
Glacier Bank 16, 0.04% 11.56%
Usaa Federal Savings Bank 17, 0.04% 12.81%
Us Bank 18, 0.04% 2.50%
Quicken Loans 19, 0.07% 8.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stockman Bank 1, -0.06% 20.50%
Opportunity Bank Of Montana 2, -0.06% 5.02%
Universal Lending Corporation 3, -0.04% 10.04%
Billings Federal Credit Union 4, -0.03% 2.51%
First Interstate Bank 5, -0.02% 8.37%
Wells Fargo Bank 6, -0.01% 2.09%
Flagstar Bank 7, -0.00% 5.44%
LoanDepot 8, 0.00% 0.42%
RPM Mortgage 9, 0.00% 0.42%
Cornerstone Home Lending, Inc 10, 0.01% 1.67%
Mann Mortgage 11, 0.02% 2.09%
Fairway Independent Mort Corp 12, 0.03% 1.67%
Stearns Lending 13, 0.03% 1.26%
CMG Mortgage Inc 14, 0.04% 2.09%
Guild Mortgage Company 15, 0.04% 2.93%
Us Bank 16, 0.05% 2.93%
Glacier Bank 17, 0.05% 12.97%
Usaa Federal Savings Bank 18, 0.06% 14.23%
Quicken Loans 19, 0.07% 3.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Stockman Bank 1, -0.08% 12.35%
First Interstate Bank 2, -0.05% 6.17%
Usaa Federal Savings Bank 3, -0.04% 8.64%
Stearns Lending 4, -0.02% 2.47%
Flagstar Bank 5, -0.01% 7.41%
Mann Mortgage 6, -0.01% 1.23%
Guild Mortgage Company 7, -0.01% 3.70%
Cornerstone Home Lending, Inc 8, -0.01% 1.23%
Opportunity Bank Of Montana 9, -0.01% 2.47%
CMG Mortgage Inc 10, -0.01% 3.70%
Billings Federal Credit Union 11, -0.00% 1.23%
Us Bank 12, 0.00% 1.23%
Fairway Independent Mort Corp 13, 0.00% 1.23%
Glacier Bank 14, 0.00% 7.41%
Universal Lending Corporation 15, 0.01% 8.64%
Wells Fargo Bank 16, 0.02% 2.47%
LoanDepot 17, 0.03% 4.94%
Quicken Loans 18, 0.07% 23.46%

* Data is compiled for the Billings, MT commuting zone area, which comprises of counties of Carbon County, MT, Golden Valley County, MT, Musselshell County, MT, Stillwater County, MT, and Yellowstone County, MT. This includes cities/towns/communities of Billings, MT as well as Lockwood, MT, Laurel, MT, Shepherd, MT, Columbus, MT, Red Lodge, MT, Worden, MT, Roberts, MT, Park City, MT, Joliet, MT, Klein, MT, Absarokee, MT, Bridger, MT, Belfry, MT, Roundup, MT, and Ryegate, MT. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Billings, MT area. For mortgage lender rankings of other cities, click here.