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, 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

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
First Interstate Bank-0.06%(4.0)12.49%
Opportunity Bank (Helena, MT)-0.06%(4.0)6.74%
Billings Federal Credit Union-0.04%(3.5)3.22%
US Bank-0.03%(3.5)4.58%
Flagstar Bank-0.03%(3.5)5.38%
Stockman Bank-0.03%(3.5)18.23%
Wells Fargo Bank-0.02%(3.5)4.58%
Cornerstone Home Lending0.00%(3.5)3.45%
Stearns Home Loans0.01%(3.5)1.46%
Glacier Bank0.02%(3.5)10.06%
Universal Lending Corporation0.02%(3.5)6.11%
Fairway Independent Mortgage Corporation0.02%(3.5)2.16%
LendUS LLC0.03%(3.5)2.49%
CMG Financial0.04%(3.5)1.46%
Guild Mortgage Company0.06%(3.0)4.42%
Mann Mortgage0.09%(3.0)1.69%
Quicken Loans0.15%(3.0)7.97%
Lender NameRate DifferenceRate RatingMarket Share
US Bank-0.08%(4.0)4.45%
Opportunity Bank (Helena, MT)-0.06%(4.0)7.51%
Wells Fargo Bank-0.04%(3.5)4.50%
First Interstate Bank-0.04%(3.5)12.20%
Flagstar Bank-0.03%(3.5)5.47%
Billings Federal Credit Union-0.03%(3.5)2.60%
Stockman Bank-0.02%(3.5)19.94%
Cornerstone Home Lending0.00%(3.5)3.85%
Stearns Home Loans0.01%(3.5)1.67%
Universal Lending Corporation0.02%(3.5)7.00%
Fairway Independent Mortgage Corporation0.03%(3.5)2.78%
LendUS LLC0.03%(3.5)2.97%
Glacier Bank0.04%(3.5)10.95%
CMG Financial0.06%(3.0)1.62%
Guild Mortgage Company0.08%(3.0)4.73%
Mann Mortgage0.12%(3.0)1.99%
Quicken Loans0.14%(3.0)3.34%
Lender NameRate DifferenceRate RatingMarket Share
First Interstate Bank-0.12%(4.0)13.22%
Opportunity Bank (Helena, MT)-0.07%(4.0)4.80%
Stockman Bank-0.06%(4.0)13.92%
Billings Federal Credit Union-0.05%(4.0)4.80%
Glacier Bank-0.05%(4.0)7.84%
Flagstar Bank-0.03%(3.5)5.15%
Mann Mortgage-0.03%(3.5)0.94%
Cornerstone Home Lending-0.01%(3.5)2.46%
CMG Financial-0.01%(3.5)1.05%
Stearns Home Loans-0.00%(3.5)0.94%
Universal Lending Corporation0.01%(3.5)3.86%
LendUS LLC0.01%(3.5)1.29%
Fairway Independent Mortgage Corporation0.01%(3.5)0.58%
Guild Mortgage Company0.02%(3.5)3.63%
Wells Fargo Bank0.05%(3.5)4.80%
US Bank0.06%(3.0)4.91%
Quicken Loans0.15%(3.0)19.65%
Lender NameRate DifferenceRate RatingMarket Share
First Interstate Bank-0.07%(4.0)15.23%
Opportunity Bank (Helena, MT)-0.07%(4.0)7.78%
US Bank-0.05%(4.0)5.24%
Billings Federal Credit Union-0.05%(3.5)3.80%
Flagstar Bank-0.04%(3.5)4.47%
Wells Fargo Bank-0.02%(3.5)6.01%
Cornerstone Home Lending-0.01%(3.5)2.98%
Stockman Bank-0.01%(3.5)19.80%
LendUS LLC0.02%(3.5)2.88%
Glacier Bank0.03%(3.5)9.13%
CMG Financial0.03%(3.5)0.91%
Fairway Independent Mortgage Corporation0.04%(3.5)1.68%
Stearns Home Loans0.04%(3.5)0.82%
Guild Mortgage Company0.06%(3.0)4.23%
Universal Lending Corporation0.06%(3.0)3.60%
Mann Mortgage0.08%(3.0)1.49%
Quicken Loans0.19%(2.5)7.74%
Lender NameRate DifferenceRate RatingMarket Share
US Bank-0.12%(4.0)5.10%
Opportunity Bank (Helena, MT)-0.07%(4.0)8.86%
Wells Fargo Bank-0.05%(4.0)6.09%
First Interstate Bank-0.05%(3.5)14.95%
Billings Federal Credit Union-0.04%(3.5)2.98%
Flagstar Bank-0.03%(3.5)4.32%
Cornerstone Home Lending-0.01%(3.5)3.12%
Stockman Bank0.01%(3.5)22.11%
LendUS LLC0.02%(3.5)3.47%
CMG Financial0.04%(3.5)1.13%
Fairway Independent Mortgage Corporation0.04%(3.5)2.27%
Stearns Home Loans0.04%(3.5)1.13%
Glacier Bank0.06%(3.0)9.85%
Guild Mortgage Company0.07%(3.0)4.82%
Universal Lending Corporation0.07%(3.0)4.11%
Mann Mortgage0.11%(3.0)1.70%
Quicken Loans0.15%(2.5)2.98%
Lender NameRate DifferenceRate RatingMarket Share
First Interstate Bank-0.12%(4.0)15.82%
Opportunity Bank (Helena, MT)-0.08%(4.0)5.52%
Glacier Bank-0.07%(4.0)7.61%
Stockman Bank-0.07%(4.0)14.93%
Billings Federal Credit Union-0.06%(4.0)5.52%
Flagstar Bank-0.05%(3.5)4.78%
Mann Mortgage-0.03%(3.5)1.04%
CMG Financial-0.02%(3.5)0.45%
Cornerstone Home Lending-0.01%(3.5)2.69%
LendUS LLC0.01%(3.5)1.64%
Stearns Home Loans0.01%(3.5)0.15%
Fairway Independent Mortgage Corporation0.01%(3.5)0.45%
Guild Mortgage Company0.03%(3.5)2.99%
Universal Lending Corporation0.03%(3.5)2.54%
Wells Fargo Bank0.05%(3.5)5.82%
US Bank0.07%(3.0)5.52%
Quicken Loans0.20%(2.5)17.76%
Lender NameRate DifferenceRate RatingMarket Share
Stockman Bank-0.13%(4.0)13.24%
Flagstar Bank-0.02%(3.5)8.71%
First Interstate Bank-0.02%(3.5)5.92%
Glacier Bank-0.01%(3.5)13.24%
Stearns Home Loans-0.01%(3.5)3.83%
Opportunity Bank (Helena, MT)-0.00%(3.5)4.53%
Universal Lending Corporation0.00%(3.5)13.41%
Fairway Independent Mortgage Corporation0.01%(3.5)4.36%
Billings Federal Credit Union0.01%(3.5)1.39%
US Bank0.02%(3.5)0.52%
Cornerstone Home Lending0.03%(3.5)5.92%
LendUS LLC0.05%(3.0)2.26%
Quicken Loans0.06%(3.0)8.89%
CMG Financial0.07%(3.0)2.96%
Guild Mortgage Company0.09%(3.0)6.10%
Mann Mortgage0.16%(2.5)2.44%
Lender NameRate DifferenceRate RatingMarket Share
Stockman Bank-0.14%(4.0)14.41%
Flagstar Bank-0.03%(3.5)9.19%
Stearns Home Loans-0.02%(3.5)3.55%
First Interstate Bank-0.02%(3.5)6.68%
Glacier Bank-0.01%(3.5)13.78%
Opportunity Bank (Helena, MT)-0.00%(3.5)5.01%
Universal Lending Corporation0.01%(3.5)14.41%
Fairway Independent Mortgage Corporation0.01%(3.5)5.01%
Billings Federal Credit Union0.02%(3.5)1.46%
US Bank0.02%(3.5)0.42%
Cornerstone Home Lending0.03%(3.5)6.68%
LendUS LLC0.06%(3.0)2.71%
CMG Financial0.09%(3.0)2.92%
Guild Mortgage Company0.11%(3.0)5.64%
Quicken Loans0.15%(3.0)4.59%
Mann Mortgage0.17%(2.5)2.92%
Lender NameRate DifferenceRate RatingMarket Share
Universal Lending Corporation-0.05%(4.0)8.42%
Stockman Bank-0.02%(3.5)7.37%
First Interstate Bank-0.02%(3.5)2.11%
Quicken Loans-0.01%(3.5)30.53%
Glacier Bank-0.01%(3.5)10.53%
Billings Federal Credit Union-0.01%(3.5)1.05%
Stearns Home Loans-0.00%(3.5)5.26%
Cornerstone Home Lending-0.00%(3.5)2.11%
Fairway Independent Mortgage Corporation-0.00%(3.5)1.05%
US Bank-0.00%(3.5)1.05%
Guild Mortgage Company0.00%(3.5)8.42%
Opportunity Bank (Helena, MT)0.00%(3.5)2.11%
CMG Financial0.00%(3.5)3.16%
Flagstar Bank0.04%(3.5)6.32%
Lender NameRate DifferenceRate RatingMarket Share
Wells Fargo Bank-0.03%(3.5)16.67%
US Bank0.00%(3.5)50.00%
Billings Federal Credit Union0.00%(3.5)8.33%
Universal Lending Corporation0.00%(3.5)2.78%
Quicken Loans0.01%(3.5)2.78%
LendUS LLC0.01%(3.5)2.78%
Opportunity Bank (Helena, MT)0.01%(3.5)2.78%
Cornerstone Home Lending0.01%(3.5)8.33%
Stockman Bank0.02%(3.5)5.56%
Lender NameRate DifferenceRate RatingMarket Share
Wells Fargo Bank-0.03%(3.5)22.22%
Billings Federal Credit Union0.00%(3.5)3.70%
US Bank0.01%(3.5)55.56%
LendUS LLC0.01%(3.5)3.70%
Opportunity Bank (Helena, MT)0.02%(3.5)3.70%
Cornerstone Home Lending0.02%(3.5)11.11%
Lender NameRate DifferenceRate RatingMarket Share
US Bank-0.01%(3.5)33.33%
Billings Federal Credit Union-0.00%(3.5)22.22%
Universal Lending Corporation-0.00%(3.5)11.11%
Quicken Loans-0.00%(3.5)11.11%
Stockman Bank0.01%(3.5)22.22%
Lender NameRate DifferenceRate RatingMarket Share
Stockman Bank-0.06%(4.0)18.44%
Opportunity Bank (Helena, MT)-0.05%(4.0)4.38%
Universal Lending Corporation-0.03%(3.5)9.69%
First Interstate Bank-0.03%(3.5)7.81%
Billings Federal Credit Union-0.03%(3.5)2.19%
Flagstar Bank-0.01%(3.5)5.94%
Wells Fargo Bank-0.00%(3.5)2.19%
LendUS LLC0.00%(3.5)0.31%
Cornerstone Home Lending0.00%(3.5)1.56%
Stearns Home Loans0.01%(3.5)1.56%
Mann Mortgage0.01%(3.5)1.88%
CMG Financial0.02%(3.5)2.50%
Fairway Independent Mortgage Corporation0.02%(3.5)1.56%
Guild Mortgage Company0.03%(3.5)3.12%
Glacier Bank0.04%(3.5)11.56%
US Bank0.04%(3.5)2.50%
Quicken Loans0.07%(3.0)8.44%
Lender NameRate DifferenceRate RatingMarket Share
Stockman Bank-0.06%(4.0)20.50%
Opportunity Bank (Helena, MT)-0.06%(4.0)5.02%
Universal Lending Corporation-0.04%(3.5)10.04%
Billings Federal Credit Union-0.03%(3.5)2.51%
First Interstate Bank-0.02%(3.5)8.37%
Wells Fargo Bank-0.01%(3.5)2.09%
Flagstar Bank-0.00%(3.5)5.44%
LendUS LLC0.00%(3.5)0.42%
Cornerstone Home Lending0.01%(3.5)1.67%
Mann Mortgage0.02%(3.5)2.09%
Fairway Independent Mortgage Corporation0.03%(3.5)1.67%
Stearns Home Loans0.03%(3.5)1.26%
CMG Financial0.04%(3.5)2.09%
Guild Mortgage Company0.04%(3.5)2.93%
US Bank0.05%(3.5)2.93%
Glacier Bank0.05%(3.0)12.97%
Quicken Loans0.07%(3.0)3.35%
Lender NameRate DifferenceRate RatingMarket Share
Stockman Bank-0.08%(4.0)12.35%
First Interstate Bank-0.05%(3.5)6.17%
Stearns Home Loans-0.02%(3.5)2.47%
Flagstar Bank-0.01%(3.5)7.41%
Mann Mortgage-0.01%(3.5)1.23%
Guild Mortgage Company-0.01%(3.5)3.70%
Cornerstone Home Lending-0.01%(3.5)1.23%
Opportunity Bank (Helena, MT)-0.01%(3.5)2.47%
CMG Financial-0.01%(3.5)3.70%
Billings Federal Credit Union-0.00%(3.5)1.23%
US Bank-0.00%(3.5)1.23%
Fairway Independent Mortgage Corporation0.00%(3.5)1.23%
Glacier Bank0.00%(3.5)7.41%
Universal Lending Corporation0.01%(3.5)8.64%
Wells Fargo Bank0.01%(3.5)2.47%
Quicken Loans0.07%(3.0)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.