Mortgage Approval and Denial Rates in Montana (2025 HMDA)
Mortgage denial rates in Montana: lenders acted on 37,033 mortgage applications in Montana in 2025 and denied 14.8% of them, down from 16.6% in 2024. The national denial rate was 17.7%.
Applications acted on
37,033
Loans originated
22,968
Denial rate
14.8%
Median loan
$275,000
Montana against the national picture
Most-reported denial reason in Montana: Debt-to-income ratio.
Counties ranked by denial rate
| County | Applications | Denial rate | Median loan |
|---|---|---|---|
| Big Horn County | 140 | 27.9% | $135,000 |
| Musselshell County | 194 | 24.7% | $165,000 |
| Roosevelt County | 104 | 24.0% | $125,000 |
| Glacier County | 152 | 23.7% | $125,000 |
| Sanders County | 386 | 22.8% | $255,000 |
| Lake County | 899 | 17.8% | $305,000 |
| Lincoln County | 768 | 17.8% | $255,000 |
| Pondera County | 141 | 17.7% | $165,000 |
| Richland County | 264 | 17.4% | $205,000 |
| Park County | 636 | 17.3% | $305,000 |
| Mineral County | 212 | 17.0% | $275,000 |
| Powell County | 162 | 16.7% | $220,000 |
| Rosebud County | 128 | 16.4% | $205,000 |
| Beaverhead County | 261 | 16.1% | $255,000 |
| Valley County | 149 | 16.1% | $165,000 |
| Jefferson County | 565 | 15.9% | $275,000 |
| Flathead County | 4,196 | 15.6% | $375,000 |
| Stillwater County | 416 | 15.4% | $255,000 |
| Ravalli County | 1,426 | 15.2% | $315,000 |
| Dawson County | 185 | 15.1% | $145,000 |
| Custer County | 339 | 15.0% | $165,000 |
| Fergus County | 326 | 15.0% | $205,000 |
| Teton County | 207 | 15.0% | $215,000 |
| Carbon County | 480 | 14.6% | $275,000 |
| Broadwater County | 437 | 14.4% | $335,000 |
| Madison County | 559 | 14.3% | $375,000 |
| Hill County | 370 | 14.3% | $185,000 |
| Cascade County | 3,211 | 14.1% | $225,000 |
| Silver Bow County | 1,270 | 14.1% | $215,000 |
| Missoula County | 3,549 | 14.0% | $305,000 |
| Deer Lodge County | 324 | 13.9% | $185,000 |
| Yellowstone County | 6,588 | 13.6% | $245,000 |
| Lewis and Clark County | 2,831 | 13.5% | $305,000 |
| Gallatin County | 4,140 | 13.4% | $405,000 |
| Granite County | 136 | 13.2% | $285,000 |
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Reading these numbers
The denial rate counts applications the lender acted on, so withdrawn files do not inflate it. A high rate does not automatically mean strict lenders: counties with many first-time or lower-income applicants tend to show higher denial rates because of debt-to-income and credit-history thresholds, which are the two reasons lenders report most often. Median loan amount and median applicant income are computed from the same application records, so they describe who is applying — not who ends up buying.
Source: Consumer Financial Protection Bureau, HMDA Data Browser (2025 loan application register). Latest observation 2026-08-23.