2025 · Montana
In 2025, 1,445 investment-property loans worth $624M were originated on single-family 1-4 unit homes in Montana. Here's how those terms compared to the rest of the country.
Investor rate premium
60 bps
U.S. median: 76 bps
Denial rate
13.1%
U.S. median: 17.5%
DSCR / business-purpose
70%
U.S. median: 72%
Median LTV
70%
U.S. median: 74%
Since 2024 in Montana
Rate premium
75 bps → 60 bps
-15 bpsInvestor loans
1,235 → 1,445
+17.0%Denial rate
14.6% → 13.1%
-1.5 ptsDSCR / business-purpose
70% → 70%
+0.8 ptsInvestors in Montana borrowed at a median rate of 7%, versus 6.399% for owner-occupants — a 60 bps premium that ranks 47th of 51 states.
Their applications were denied 13.1% of the time. The leading reasons for denial were debt-to-income ratio, collateral, other.
70% of investor loans were business- or commercial-purpose — the category that includes DSCR and LLC-held loans — and 14% were cash-out refinances. The typical loan-to-value was 70%, implying about 30% down.
In 2025, the median investment-property loan in Montana carried a rate of 7% versus 6.399% for an owner-occupant — a premium of 60 bps. That ranks 47th of 51 states (1 = highest premium).
13.1% of investment-property applications were denied in Montana in 2025, the 38th-highest denial rate among the 51 states. The most common denial reasons were debt-to-income ratio, collateral, other.
70% of investor loans in Montana were flagged as primarily business or commercial purpose — the bucket that includes DSCR and LLC-held loans (26th of 51). The median loan-to-value was 70%.
Source: CFPB / FFIEC HMDA combined Modified LAR (loan-level public dataset, early release), 2025. Single-family 1-4 unit, site-built loans; financed purchases only.