Montana Mortgage Rates

FHA loan limits in Montana make it possible to buy mid-priced homes throughout this state of mountains, lakes and “big sky.” Montana has a relatively uniform housing market, in terms of price, and that state’s FHA loan limits reflect that. Unlike California and other states with high populations, that have a wide range of prices, Montana is made up largely of small cities and towns, where prices rise only slightly in the larger cities.

With only a few exceptions, the following loan limits apply to nearly all counties in the state: FHA will provide up to $271,050 for a single family residence, $347,000 for a duplex, $419,425 for a triplex and $521,250 for four units.

A slight uptick in loan limits can be found in Madison County, where FHA will insure up to $281,750 for a single family home, $360,700 for two units, $436,000 for three units and $541,800 for a four-plex. Prices again rise a little in Carbon, Yellowstone and Missoula counties, where the federal program will lend up to $291,250 for a single family home, $372,850 for a duplex, $450,700 for a triplex and $560,100 for a four-plex.

The next price bump is in Lake and Flathead counties, where the FHA loan limits are $301,250 for a single family home, $385,650 for a duplex, $466,150 for a triplex and $579,300 for four units. Housing is slightly more costly still in Ravalli County, where the federal loan program provides up to $303,750 for a single family property, $388,850 for a duplex, $470,000 for a three units and $584,150 for four units.

Both Jefferson and Lewis and Clark counties are among the more expensive in “Big Sky Country,” where the loan program provides up to $341,250 for a single family home, $436,850 for two units, $528,050 for three units $656,250 for a four-plex. Gallatin is the priciest housing market in Montana, where FHA provides up to $386,250 for a single family, $494,450 for a duplex, $597,700 for three units, and $742,800 for four units.

FreeRateUpdate.com surveys more than two dozen wholesale and direct lenders’ rate sheets to determine the most accurate mortgage rates available to well qualified consumers at about a 1 point origination fee.