Which mortgage lender in the Billings, MT area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Billings, MT area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Billings, MT area in terms of interest rate is First Interstate Bank, with an average “Rate Difference” of -0.06%. This means that, comparing similar borrowers, First Interstate Bank provided a -0.06% lower interest rate for its customers than other lenders in the area. First Interstate Bank has a market share of 12.5%. On the other hand, the most popular lender in the Billings, MT area is Stockman Bank, with a larger market share of 18.2%. Stockman Bank is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.03% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in 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, going by historical data, 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 (above $548,250 or $822,375 depending on the area in 2021), 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. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Billings, MT
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Interstate Bank | -0.06% | 12.49% | |
| Opportunity Bank (Helena, MT) | -0.06% | 6.74% | |
| Billings Federal Credit Union | -0.04% | 3.22% | |
| US Bank | -0.03% | 4.58% | |
| Flagstar Bank | -0.03% | 5.38% | |
| Stockman Bank | -0.03% | 18.23% | |
| Wells Fargo Bank | -0.02% | 4.58% | |
| Cornerstone Home Lending | 0.00% | 3.45% | |
| Stearns Home Loans | 0.01% | 1.46% | |
| Glacier Bank | 0.02% | 10.06% | |
| Universal Lending Corporation | 0.02% | 6.11% | |
| Fairway Independent Mortgage Corporation | 0.02% | 2.16% | |
| LendUS LLC | 0.03% | 2.49% | |
| loanDepot | 0.04% | 1.66% | |
| CMG Financial | 0.04% | 1.46% | |
| USAA | 0.05% | 1.83% | |
| Guild Mortgage Company | 0.06% | 4.42% | |
| Mann Mortgage | 0.09% | 1.69% | |
| Quicken Loans | 0.15% | 7.97% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.08% | 4.45% | |
| Opportunity Bank (Helena, MT) | -0.06% | 7.51% | |
| Wells Fargo Bank | -0.04% | 4.50% | |
| First Interstate Bank | -0.04% | 12.20% | |
| Flagstar Bank | -0.03% | 5.47% | |
| Billings Federal Credit Union | -0.03% | 2.60% | |
| Stockman Bank | -0.02% | 19.94% | |
| Cornerstone Home Lending | 0.00% | 3.85% | |
| Stearns Home Loans | 0.01% | 1.67% | |
| Universal Lending Corporation | 0.02% | 7.00% | |
| Fairway Independent Mortgage Corporation | 0.03% | 2.78% | |
| LendUS LLC | 0.03% | 2.97% | |
| Glacier Bank | 0.04% | 10.95% | |
| loanDepot | 0.04% | 0.42% | |
| CMG Financial | 0.06% | 1.62% | |
| USAA | 0.07% | 1.99% | |
| Guild Mortgage Company | 0.08% | 4.73% | |
| Mann Mortgage | 0.12% | 1.99% | |
| Quicken Loans | 0.14% | 3.34% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Interstate Bank | -0.12% | 13.22% | |
| Opportunity Bank (Helena, MT) | -0.07% | 4.80% | |
| Stockman Bank | -0.06% | 13.92% | |
| Billings Federal Credit Union | -0.05% | 4.80% | |
| Glacier Bank | -0.05% | 7.84% | |
| Flagstar Bank | -0.03% | 5.15% | |
| Mann Mortgage | -0.03% | 0.94% | |
| USAA | -0.03% | 1.40% | |
| Cornerstone Home Lending | -0.01% | 2.46% | |
| CMG Financial | -0.01% | 1.05% | |
| Stearns Home Loans | -0.00% | 0.94% | |
| Universal Lending Corporation | 0.01% | 3.86% | |
| LendUS LLC | 0.01% | 1.29% | |
| Fairway Independent Mortgage Corporation | 0.01% | 0.58% | |
| Guild Mortgage Company | 0.02% | 3.63% | |
| loanDepot | 0.03% | 4.80% | |
| Wells Fargo Bank | 0.05% | 4.80% | |
| US Bank | 0.06% | 4.91% | |
| Quicken Loans | 0.15% | 19.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Interstate Bank | -0.07% | 15.23% | |
| Opportunity Bank (Helena, MT) | -0.07% | 7.78% | |
| US Bank | -0.05% | 5.24% | |
| Billings Federal Credit Union | -0.05% | 3.80% | |
| Flagstar Bank | -0.04% | 4.47% | |
| Wells Fargo Bank | -0.02% | 6.01% | |
| Cornerstone Home Lending | -0.01% | 2.98% | |
| Stockman Bank | -0.01% | 19.80% | |
| loanDepot | 0.01% | 1.54% | |
| LendUS LLC | 0.02% | 2.88% | |
| Glacier Bank | 0.03% | 9.13% | |
| USAA | 0.03% | 0.67% | |
| CMG Financial | 0.03% | 0.91% | |
| Fairway Independent Mortgage Corporation | 0.04% | 1.68% | |
| Stearns Home Loans | 0.04% | 0.82% | |
| Guild Mortgage Company | 0.06% | 4.23% | |
| Universal Lending Corporation | 0.06% | 3.60% | |
| Mann Mortgage | 0.08% | 1.49% | |
| Quicken Loans | 0.19% | 7.74% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.12% | 5.10% | |
| Opportunity Bank (Helena, MT) | -0.07% | 8.86% | |
| Wells Fargo Bank | -0.05% | 6.09% | |
| First Interstate Bank | -0.05% | 14.95% | |
| Billings Federal Credit Union | -0.04% | 2.98% | |
| Flagstar Bank | -0.03% | 4.32% | |
| Cornerstone Home Lending | -0.01% | 3.12% | |
| Stockman Bank | 0.01% | 22.11% | |
| LendUS LLC | 0.02% | 3.47% | |
| loanDepot | 0.03% | 0.35% | |
| CMG Financial | 0.04% | 1.13% | |
| Fairway Independent Mortgage Corporation | 0.04% | 2.27% | |
| Stearns Home Loans | 0.04% | 1.13% | |
| USAA | 0.06% | 0.64% | |
| Glacier Bank | 0.06% | 9.85% | |
| Guild Mortgage Company | 0.07% | 4.82% | |
| Universal Lending Corporation | 0.07% | 4.11% | |
| Mann Mortgage | 0.11% | 1.70% | |
| Quicken Loans | 0.15% | 2.98% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Interstate Bank | -0.12% | 15.82% | |
| Opportunity Bank (Helena, MT) | -0.08% | 5.52% | |
| Glacier Bank | -0.07% | 7.61% | |
| Stockman Bank | -0.07% | 14.93% | |
| Billings Federal Credit Union | -0.06% | 5.52% | |
| Flagstar Bank | -0.05% | 4.78% | |
| Mann Mortgage | -0.03% | 1.04% | |
| CMG Financial | -0.02% | 0.45% | |
| USAA | -0.02% | 0.75% | |
| Cornerstone Home Lending | -0.01% | 2.69% | |
| loanDepot | 0.00% | 4.03% | |
| LendUS LLC | 0.01% | 1.64% | |
| Stearns Home Loans | 0.01% | 0.15% | |
| Fairway Independent Mortgage Corporation | 0.01% | 0.45% | |
| Guild Mortgage Company | 0.03% | 2.99% | |
| Universal Lending Corporation | 0.03% | 2.54% | |
| Wells Fargo Bank | 0.05% | 5.82% | |
| US Bank | 0.07% | 5.52% | |
| Quicken Loans | 0.20% | 17.76% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Stockman Bank | -0.13% | 13.24% | |
| Flagstar Bank | -0.02% | 8.71% | |
| First Interstate Bank | -0.02% | 5.92% | |
| Glacier Bank | -0.01% | 13.24% | |
| Stearns Home Loans | -0.01% | 3.83% | |
| Opportunity Bank (Helena, MT) | -0.00% | 4.53% | |
| Universal Lending Corporation | 0.00% | 13.41% | |
| Fairway Independent Mortgage Corporation | 0.01% | 4.36% | |
| Billings Federal Credit Union | 0.01% | 1.39% | |
| US Bank | 0.02% | 0.52% | |
| Cornerstone Home Lending | 0.03% | 5.92% | |
| LendUS LLC | 0.05% | 2.26% | |
| Quicken Loans | 0.06% | 8.89% | |
| CMG Financial | 0.07% | 2.96% | |
| Guild Mortgage Company | 0.09% | 6.10% | |
| loanDepot | 0.11% | 2.26% | |
| Mann Mortgage | 0.16% | 2.44% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Stockman Bank | -0.14% | 14.41% | |
| Flagstar Bank | -0.03% | 9.19% | |
| Stearns Home Loans | -0.02% | 3.55% | |
| First Interstate Bank | -0.02% | 6.68% | |
| Glacier Bank | -0.01% | 13.78% | |
| Opportunity Bank (Helena, MT) | -0.00% | 5.01% | |
| Universal Lending Corporation | 0.01% | 14.41% | |
| Fairway Independent Mortgage Corporation | 0.01% | 5.01% | |
| Billings Federal Credit Union | 0.02% | 1.46% | |
| US Bank | 0.02% | 0.42% | |
| Cornerstone Home Lending | 0.03% | 6.68% | |
| LendUS LLC | 0.06% | 2.71% | |
| loanDepot | 0.07% | 0.63% | |
| CMG Financial | 0.09% | 2.92% | |
| Guild Mortgage Company | 0.11% | 5.64% | |
| Quicken Loans | 0.15% | 4.59% | |
| Mann Mortgage | 0.17% | 2.92% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Universal Lending Corporation | -0.05% | 8.42% | |
| Stockman Bank | -0.02% | 7.37% | |
| First Interstate Bank | -0.02% | 2.11% | |
| Quicken Loans | -0.01% | 30.53% | |
| Glacier Bank | -0.01% | 10.53% | |
| Billings Federal Credit Union | -0.01% | 1.05% | |
| Stearns Home Loans | -0.00% | 5.26% | |
| Cornerstone Home Lending | -0.00% | 2.11% | |
| Fairway Independent Mortgage Corporation | -0.00% | 1.05% | |
| US Bank | -0.00% | 1.05% | |
| Guild Mortgage Company | 0.00% | 8.42% | |
| Opportunity Bank (Helena, MT) | 0.00% | 2.11% | |
| CMG Financial | 0.00% | 3.16% | |
| Flagstar Bank | 0.04% | 6.32% | |
| loanDepot | 0.10% | 10.53% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 16.67% | |
| US Bank | 0.00% | 50.00% | |
| Billings Federal Credit Union | 0.00% | 8.33% | |
| Universal Lending Corporation | 0.00% | 2.78% | |
| Quicken Loans | 0.01% | 2.78% | |
| LendUS LLC | 0.01% | 2.78% | |
| Opportunity Bank (Helena, MT) | 0.01% | 2.78% | |
| Cornerstone Home Lending | 0.01% | 8.33% | |
| Stockman Bank | 0.02% | 5.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 22.22% | |
| Billings Federal Credit Union | 0.00% | 3.70% | |
| US Bank | 0.01% | 55.56% | |
| LendUS LLC | 0.01% | 3.70% | |
| Opportunity Bank (Helena, MT) | 0.02% | 3.70% | |
| Cornerstone Home Lending | 0.02% | 11.11% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.01% | 33.33% | |
| Billings Federal Credit Union | -0.00% | 22.22% | |
| Universal Lending Corporation | -0.00% | 11.11% | |
| Quicken Loans | -0.00% | 11.11% | |
| Stockman Bank | 0.01% | 22.22% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Stockman Bank | -0.06% | 18.44% | |
| Opportunity Bank (Helena, MT) | -0.05% | 4.38% | |
| Universal Lending Corporation | -0.03% | 9.69% | |
| First Interstate Bank | -0.03% | 7.81% | |
| Billings Federal Credit Union | -0.03% | 2.19% | |
| Flagstar Bank | -0.01% | 5.94% | |
| Wells Fargo Bank | -0.00% | 2.19% | |
| LendUS LLC | 0.00% | 0.31% | |
| Cornerstone Home Lending | 0.00% | 1.56% | |
| Stearns Home Loans | 0.01% | 1.56% | |
| Mann Mortgage | 0.01% | 1.88% | |
| CMG Financial | 0.02% | 2.50% | |
| Fairway Independent Mortgage Corporation | 0.02% | 1.56% | |
| loanDepot | 0.02% | 1.56% | |
| Guild Mortgage Company | 0.03% | 3.12% | |
| Glacier Bank | 0.04% | 11.56% | |
| USAA | 0.04% | 12.81% | |
| US Bank | 0.04% | 2.50% | |
| Quicken Loans | 0.07% | 8.44% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Stockman Bank | -0.06% | 20.50% | |
| Opportunity Bank (Helena, MT) | -0.06% | 5.02% | |
| Universal Lending Corporation | -0.04% | 10.04% | |
| Billings Federal Credit Union | -0.03% | 2.51% | |
| First Interstate Bank | -0.02% | 8.37% | |
| Wells Fargo Bank | -0.01% | 2.09% | |
| Flagstar Bank | -0.00% | 5.44% | |
| loanDepot | 0.00% | 0.42% | |
| LendUS LLC | 0.00% | 0.42% | |
| Cornerstone Home Lending | 0.01% | 1.67% | |
| Mann Mortgage | 0.02% | 2.09% | |
| Fairway Independent Mortgage Corporation | 0.03% | 1.67% | |
| Stearns Home Loans | 0.03% | 1.26% | |
| CMG Financial | 0.04% | 2.09% | |
| Guild Mortgage Company | 0.04% | 2.93% | |
| US Bank | 0.05% | 2.93% | |
| Glacier Bank | 0.05% | 12.97% | |
| USAA | 0.06% | 14.23% | |
| Quicken Loans | 0.07% | 3.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Stockman Bank | -0.08% | 12.35% | |
| First Interstate Bank | -0.05% | 6.17% | |
| USAA | -0.04% | 8.64% | |
| Stearns Home Loans | -0.02% | 2.47% | |
| Flagstar Bank | -0.01% | 7.41% | |
| Mann Mortgage | -0.01% | 1.23% | |
| Guild Mortgage Company | -0.01% | 3.70% | |
| Cornerstone Home Lending | -0.01% | 1.23% | |
| Opportunity Bank (Helena, MT) | -0.01% | 2.47% | |
| CMG Financial | -0.01% | 3.70% | |
| Billings Federal Credit Union | -0.00% | 1.23% | |
| US Bank | -0.00% | 1.23% | |
| Fairway Independent Mortgage Corporation | 0.00% | 1.23% | |
| Glacier Bank | 0.00% | 7.41% | |
| Universal Lending Corporation | 0.01% | 8.64% | |
| Wells Fargo Bank | 0.01% | 2.47% | |
| loanDepot | 0.03% | 4.94% | |
| Quicken Loans | 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 of the data is 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 conditional on the commuting zone, 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 in Other Cities
This page contains information about the top mortgage lenders in the Billings, MT area. For mortgage lender rankings in other cities, click here.