The Best Mortgage Lenders in Great Falls, MT
Compare verified mortgage lenders serving Great Falls, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Great Falls
Featured Mortgage Lenders
Glacier Bank Mortgage
Glacier Bank
Glacier Bank stands as one of Montana's most trusted mortgage lenders with deep roots in Great Falls. As a community-focused financial institution, they offer personalized service and local underwriting decisions, which speeds up the approval process. Their mortgage specialists have extensive experience with Montana's unique real estate market and provide competitive rates across all loan types. With multiple branches throughout Great Falls and statewide presence, they combine local knowledge with comprehensive lending resources.
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Stockman Bank Mortgage
Stockman Bank
Stockman Bank has been serving Montana communities for decades with a strong focus on residential lending in Great Falls. Their mortgage team provides exceptional local service with decisions made right in Montana. They're particularly known for their construction and agricultural property expertise, understanding the unique needs of Montana homeowners. Customers consistently praise their responsive communication and ability to handle complex loan scenarios with professionalism and local market knowledge.
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First Interstate Bank Mortgage
First Interstate Bank
First Interstate Bank provides comprehensive mortgage services throughout Great Falls with a regional presence across multiple western states. Their experienced loan officers offer competitive rates and a wide range of mortgage products. They're recognized for their efficient processing and strong customer service, with many customers noting the smooth closing process and clear communication. As a established regional bank, they combine local service with the resources of a larger financial institution.
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Frequently Asked Questions
Common questions about mortgage lending in Great Falls, MT
Are there any special mortgage programs for first-time homebuyers in Great Falls, MT?
Yes, the Montana Board of Housing (MBOH) offers the "Home of Your Own" program, which provides competitive fixed-rate mortgages, down payment assistance, and favorable terms for first-time buyers in Great Falls. Additionally, local lenders often participate in the "Mortgage Credit Certificate (MCC)" program, which can provide a significant federal tax credit to reduce your annual tax liability, making homeownership more affordable in Cascade County.
How do Great Falls' property taxes affect my mortgage payments and qualification?
Property taxes in Cascade County, which includes Great Falls, are relatively moderate compared to national averages, but they are a key component of your monthly escrow payment. Lenders will factor these taxes into your debt-to-income ratio during qualification. It's important to get an accurate estimate, as taxes can vary between neighborhoods, especially with potential special improvement districts or the presence of the Malmstrom Air Force Base area.
What is the typical down payment required for a home in Great Falls, and are there low-down-payment options?
While a 20% down payment is standard to avoid private mortgage insurance (PMI), many buyers in Great Falls utilize conventional loans with 3-5% down or FHA loans with 3.5% down, given the area's accessible price points. For eligible rural properties on the outskirts of Great Falls, USDA loans offer 0% down payment options, which are a popular choice for buyers looking in certain parts of Cascade County.
How does the presence of Malmstrom Air Force Base influence the Great Falls mortgage and housing market?
Malmstrom AFB creates a consistent demand for housing, supporting a stable rental and purchase market. Many lenders in Great Falls are well-versed in VA loans, which are a fantastic benefit for military personnel, veterans, and eligible spouses, offering competitive rates with no down payment or PMI. This specialization means you can find lenders with exceptional expertise in navigating VA appraisals and entitlement specific to the area.
Are jumbo loans common in Great Falls, and what are the local conforming loan limits?
Jumbo loans are less common in Great Falls than in major metropolitan areas, as the conforming loan limit for a single-family home in Cascade County for 2024 is $766,550, which covers the vast majority of local home prices. This means most buyers can access favorable conforming loan rates. You would typically only need a jumbo loan for a high-end property, which may require more stringent credit and reserve requirements from local lenders.
Nearby Cities
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Why Choose a Mortgage Lender in Great Falls?
Local Market Knowledge
Lenders who understand Great Falls's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Montana.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Great Falls and get competitive rates on your home loan.