Top Mortgage Lenders in the Butte-Silver Bow (balance), MT area

Which mortgage lender in the Butte-Silver Bow (balance), 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 Butte-Silver Bow (balance), 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 Butte-Silver Bow (balance), MT area is Opportunity Bank Of Montana, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.06%. This means that Opportunity Bank Of Montana provided a -0.06% lower interest rate for its customers than other lenders in Butte-Silver Bow (balance), MT for a similar set of borrowers. Opportunity Bank Of Montana has a market share of 15.4%. On the other hand, the most popular lender in the market is Wells Fargo Bank, with a market share of 33.3%. Wells Fargo Bank is an average rate lender in this area, with a “Rate Difference” of -0.01% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Butte-Silver Bow (balance), 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 Butte-Silver Bow (balance), MT is Opportunity Bank Of Montana. 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 Fairway Independent Mort Corp. The cheapest VA mortgage provider is Opportunity Bank Of Montana. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Opportunity Bank Of Montana 1, -0.06% 15.45%
Glacier Bank 2, -0.03% 17.48%
Wells Fargo Bank 3, -0.01% 33.33%
Fairway Independent Mort Corp 4, 0.00% 6.30%
Guild Mortgage Company 5, 0.05% 6.91%
Quicken Loans 6, 0.07% 20.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.04% 38.68%
Opportunity Bank Of Montana 2, -0.02% 15.09%
Glacier Bank 3, -0.01% 21.38%
Fairway Independent Mort Corp 4, 0.02% 9.43%
Guild Mortgage Company 5, 0.09% 6.29%
Quicken Loans 6, 0.15% 9.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Opportunity Bank Of Montana 1, -0.14% 16.09%
Glacier Bank 2, -0.10% 10.34%
Fairway Independent Mort Corp 3, -0.03% 0.57%
Guild Mortgage Company 4, -0.02% 8.05%
Quicken Loans 5, 0.02% 41.38%
Wells Fargo Bank 6, 0.10% 23.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Opportunity Bank Of Montana 1, -0.08% 16.49%
Glacier Bank 2, -0.05% 16.22%
Wells Fargo Bank 3, -0.01% 41.08%
Guild Mortgage Company 4, 0.06% 6.49%
Fairway Independent Mort Corp 5, 0.07% 3.51%
Quicken Loans 6, 0.13% 16.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.05% 46.86%
Opportunity Bank Of Montana 2, -0.03% 13.81%
Glacier Bank 3, -0.02% 18.83%
Fairway Independent Mort Corp 4, 0.10% 5.02%
Guild Mortgage Company 5, 0.10% 7.11%
Quicken Loans 6, 0.20% 8.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Opportunity Bank Of Montana 1, -0.15% 21.37%
Glacier Bank 2, -0.12% 11.45%
Guild Mortgage Company 3, -0.04% 5.34%
Fairway Independent Mort Corp 4, -0.04% 0.76%
Quicken Loans 5, 0.06% 30.53%
Wells Fargo Bank 6, 0.09% 30.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fairway Independent Mort Corp 1, -0.04% 18.39%
Quicken Loans 2, 0.00% 37.93%
Glacier Bank 3, 0.01% 22.99%
Opportunity Bank Of Montana 4, 0.01% 10.34%
Wells Fargo Bank 5, 0.03% 1.15%
Guild Mortgage Company 6, 0.03% 9.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fairway Independent Mort Corp 1, -0.04% 29.63%
Glacier Bank 2, 0.00% 33.33%
Opportunity Bank Of Montana 3, 0.02% 16.67%
Guild Mortgage Company 4, 0.03% 5.56%
Wells Fargo Bank 5, 0.03% 1.85%
Quicken Loans 6, 0.03% 12.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 78.79%
Glacier Bank 2, 0.03% 6.06%
Guild Mortgage Company 3, 0.04% 15.15%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.00% 50.00%
Quicken Loans 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Opportunity Bank Of Montana 1, -0.03% 18.18%
Fairway Independent Mort Corp 2, -0.01% 6.06%
Wells Fargo Bank 3, -0.01% 30.30%
Guild Mortgage Company 4, -0.00% 6.06%
Quicken Loans 5, -0.00% 21.21%
Glacier Bank 6, 0.05% 18.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Opportunity Bank Of Montana 1, -0.03% 25.00%
Quicken Loans 2, -0.02% 8.33%
Fairway Independent Mort Corp 3, -0.01% 8.33%
Wells Fargo Bank 4, -0.01% 37.50%
Glacier Bank 5, 0.06% 20.83%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Wells Fargo Bank 1, -0.01% 11.11%
Glacier Bank 2, -0.01% 11.11%
Guild Mortgage Company 3, -0.01% 22.22%
Quicken Loans 4, 0.01% 55.56%

* Data is compiled for the Butte-Silver Bow (balance), MT commuting zone area, which comprises of counties of Deer Lodge County, MT, Granite County, MT, Powell County, MT, and Silver Bow County, MT. This includes cities/towns/communities of Butte-Silver Bow (balance), MT as well as Anaconda-Deer Lodge County, MT, Philipsburg, MT, Deer Lodge, MT, and Elliston, 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.

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