Metro area · MT
Lenders in Billings, MT
15 lenders made 42 multifamily loans in the Billings, MT metro area in 2024 and 2025, $95.1M in all. Stockman Bank of Montana made the most, with 9. The typical loan was about $600K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 15
- HMDA,
- Multifamily loans, 2024-25
- 42
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $95.1M
- HMDA,
- Typical loan
- $600K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Billings, MT, https://lender.report/lenders-in/billings-mt/, data as of December 31, 2025.
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This page lists who has made multifamily loans here. Loan Comps shows who has made a loan like yours, with the loans to prove it.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| Stockman Bank of Montana multifamily record | Bank | Miles City, MT | 9 | $26.7M | 5 | 4 |
| Altana Credit Union multifamily record | Credit union | Billings, MT | 8 | $5.86M | 2 | 6 |
| First Interstate Bank multifamily record | Bank | Billings, MT | 5 | $1.76M | 4 | 1 |
| Valley Financial Credit Union | Credit union | Billings, MT | 4 | $3.66M | 1 | 3 |
| Little Horn State Bank multifamily record | Bank | Hardin, MT | 3 | $1.94M | 1 | 2 |
| Bell Bank multifamily record | Bank | Fargo, ND | 2 | $17.3M | 1 | 1 |
| Clearwater Credit Union multifamily record | Credit union | Missoula, MT | 2 | $1.00M | 2 | 0 |
| Opportunity Bank of Montana multifamily record | Bank | Helena, MT | 2 | $960K | 2 | 0 |
| Walker & Dunlop, LLC multifamily record | Non-bank | Bethesda, MD | 1 | $16.0M | 0 | 1 |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $15.0M | 1 | 0 |
| Mountain America Credit Union multifamily record | Credit union | Sandy, UT | 1 | $1.80M | 0 | 1 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 1 | $1.50M | 1 | 0 |
| The Yellowstone Bank | Bank | Laurel, MT | 1 | $1.50M | 1 | 0 |
| Capital Educators Credit Union multifamily record | Credit union | Meridian, ID | 1 | $600K | 0 | 1 |
| First Federal Bank & Trust | Savings | Sheridan, WY | 1 | $420K | 1 | 0 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Yellowstone County, MT | 40 | $92.7M | 13 |
A county is listed for a year only when the public file holds 5 or more multifamily loans there that year.
| Loan size | Loans |
|---|---|
| Under $1M | 30 |
| $1M to $2.5M | 6 |
| $2.5M to $5M | 0 |
| $5M to $10M | 2 |
| $10M or more | 4 |
- Lenders made 42 multifamily loans totaling $95.1M in Billings, MT in 2024 and 2025. HMDA,
- 22 of the loans were made in 2025 and 20 in 2024. HMDA,
- The typical loan in Billings, MT was about $600K, with the middle half between $440K and $1.3M. HMDA,
- 30 of the loans were under $1M, and 6 were $5M or more. HMDA,
- Lenders reported a median rate of 6.84% on 37 loans in Billings, MT, with the middle half between 6.50% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 70%. HMDA,
- 33% of the loans were refinancings and 52% were purchases. HMDA,
- Banks and savings institutions made 23 of the loans, credit unions 16, and non-banks 3. HMDA,
- The five most active lenders made 69.0% of the loans. HMDA,
- The three most active lenders were Stockman Bank of Montana with 9, Altana Credit Union with 8, and First Interstate Bank with 5. HMDA,
- 8 of the 15 lenders are based in Montana. The rest are based elsewhere, most often in Idaho, Maryland and Minnesota. HMDA,
- The most common property size was 5 to 24 units, with 31 loans. HMDA,
- 1 county in the metro area has loans on record, and Yellowstone County, MT has the most, with 40. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Billings, MT metro area
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the metro area, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans there.
- Order
- Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new loans today.
- What they charge or require beyond the rate and term that HMDA reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count.
HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date.
Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.