Montana Home Equity Loan & HELOC Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Home Equity Lending Markets
- Bank & Credit Union Health Safety Ratings
- Finance Calculators
Montana home equity loan and HELOC rates range from 4.99% to 11.00%, verified by MonitorBankRates as of October 12, 2026. Current home equity loan rates in Montana include Horizon Credit UnionHorizon Credit Union1400 N 19th Ave Ste A, Bozeman, MT, 59401A+5.0 ★Texas Ratio: 1.61% offering Home Equity Momentum Introductory Rate at 4.99%, First Interstate BankFirst Interstate Bank100 E Cottonwood Dr, Absarokee, MT, 59001A+5.0 ★Texas Ratio: 4.72% offering Home Equity HELOC Special Offer at 5.24%, Northwestern Energy Employees Federal Credit UnionNorthwestern Energy Employees Federal Credit Union2100 Harrison Ave, Butte, MT, 59323A+5.0 ★Texas Ratio: 0.82% offering Home Equity Loans at 5.49%, Butte Community Federal Credit UnionButte Community Federal Credit Union2901 Grand Ave, Butte, MT, 59701 5172A+5.0 ★Texas Ratio: 3.57% offering Home Equity at 5.50%, and Billings Federal Credit UnionBillings Federal Credit Union1516 Main St, Billings, MT, 59101 1316A+5.0 ★Texas Ratio: 5.23% offering Home Equity Line of Credit - Adjustable at 5.50%. Home equity and HELOC rates as of October 12, 2026 according to verified data from MonitorBankRates. Use the tabs below to compare home equity loans and HELOCs side by side. Rates are continually updated, we recommend checking back frequently.
Rates reflect actual verified offers from lenders actively serving Montana borrowers. Your final approved rate will depend on your credit profile, the equity in your home, your combined loan-to-value ratio, and daily market movements. Last Updated and Verified: October 12, 2026
Compare Home Equity & HELOC Rates Today in Montana
Montana Home Equity Loan Rates
For 3 months; Minimum Loan Amount: $10,000.00
As Low As; See if you qualify!
Up to 12 Years
13 to 15 Years
No additional details available.
16 to 20 Years
No additional details available.
No additional details available.
No additional details available.
As low as; Fixed
No additional details available.
No additional details available.
As Low As
No additional details available.
As low as; Fixed
- Oct 6, 20267.75%▲ from 7.25%
- Sep 18, 20267.25%first recorded
As low as; Fixed APR; Minimum Loan Amount: $50,000.00
As low as; Fixed APR; Minimum Loan Amount: $10,000.00
No additional details available.
As low as; Fixed APR; Minimum Loan Amount: $10,000.00
As low as; Fixed APR; Minimum Loan Amount: $10,000.00
No additional details available.
- Oct 9, 20269.62%▲ from 9.50%
- Oct 5, 20269.50%▼ from 9.62%
- Sep 29, 20269.62%▲ from 9.50%
- Sep 25, 20269.50%▲ from 9.12%
Montana HELOC Rates
Introductory rate for 6 months, then variable rate of 8.00%-9.00% APR after introductory period.
- Sep 27, 20265.24%▼ from 7.75%
- Sep 15, 20267.75%first recorded
As Low As; Adjustable rate; $499.00 HELOC preparation fee
Additional APR listed for this product: 10.00%. As Low As
- Oct 9, 20266.50%▼ from 9.00%
- Oct 5, 20269.00%▲ from 6.25%
- Sep 29, 20266.25%▼ from 9.00%
- Sep 14, 20269.00%first recorded
variable rate, current rate shown
As low as; Variable
- Oct 6, 20266.75%▲ from 6.50%
- Sep 18, 20266.50%first recorded
This promotional rate for Home Equity Lines of Credit is effective July 22, 2024. This rate is available for 1st and 2nd lien positions. Please see lender for details.
No additional details available.
Intro/promo APR: 4.91%; Intro rate expires: First 6 Months; Regular APR: 7%-13%; Maximum APR: 18%
6.00% with 700 credit score
As Low As; Fixed rate; $499.00 HELOC preparation fee
as low as
- Oct 2, 20267.50%▲ from 7.00%
- Sep 12, 20267.00%first recorded
Intro rate for 6 months
- Oct 2, 20267.50%▲ from 7.25%
- Sep 14, 20267.25%first recorded
All rates shown are Annual Percentage Rate (APR).*
- Oct 1, 20267.50%▲ from 7.25%
- Sep 30, 20267.25%first recorded
As low as
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
Montana Home Equity Snapshot
Local housing and income figures that shape how much equity Montana homeowners can borrow against. Source: U.S. Census Bureau & FHFA.
Equity and borrowable estimates are illustrative, based on a typical owner who has paid the original mortgage down to roughly 65% of current value and an 85% combined loan-to-value ceiling. Your actual figures depend on your remaining mortgage balance, credit profile, and lender underwriting.
How Much Can You Borrow in Montana?
Your borrowing limit on a home equity loan or HELOC is set by your combined loan-to-value ratio (CLTV), the total of your first mortgage plus the new loan, divided by your home's appraised value. Most lenders cap CLTV at 80 to 85%. Using the statewide median home value of $375,800, here is roughly what an 85% CLTV ceiling allows at three stages of mortgage payoff:
| Mortgage Stage | Still Owed | Equity Held | Est. You Could Borrow |
|---|---|---|---|
| Earlier in repayment | $263,060 | $112,740 | $56,370 |
| Roughly halfway through | $206,690 | $169,110 | $112,740 |
| Well into repayment | $150,320 | $225,480 | $169,110 |
The further along you are in paying down your first mortgage, the more equity sits available to borrow against. Lenders will also weigh your credit score, debt-to-income ratio, and income , the statewide median household income is $72,509, before issuing a final offer.
Illustrative estimates only, based on an 85% CLTV ceiling and the Census median home value for this area. Actual limits vary by lender (some allow up to 90% CLTV), by your home's appraised value, and by your credit profile. This is not a loan offer or a guarantee of approval.
Montana Home Equity Rate Trends
Compare local Montana home equity quotes against the statewide average
Daily HELOC and home equity loan averages tracked across our database of verified rate quotes, updated every evening.
Montana HELOC rates fell 0.050 points over the past 7 days to 6.960%.
Montana home equity loan rates rose 0.022 points over the past 7 days to 6.774%.
Montana Home Equity Rate Forecast, Next 12 Months
Where are Montana HELOC and home equity loan rates headed through October 2027?
HELOC trajectory based on prime rate path (prime = fed funds + 3.0%). Home equity loan trajectory based on Fed funds futures and 10-year Treasury path. Not financial advice.
What Forecast Rates Mean for Montana Borrowers
Monthly cost on $50,000 borrowed. HELOC shown as interest-only payment (typical during 10-year draw period). Home equity loan shown as fully amortizing principal & interest on a 15-year term.
| Scenario | HELOC Rate | HELOC Mo. Interest | HE Loan Rate | HE Loan Mo. P&I |
|---|---|---|---|---|
| Today (MT avg) | 6.960% | $290 | 6.774% | $443 |
| 6-Month Forecast | 6.960% | $290 | 6.774% | $443 |
| 12-Month Forecast | 6.710% (6.46, 6.91%) | $280 (-$10) | 6.374% (6.02, 6.67%) | $432 (-$11) |
Green (−) = lower monthly cost vs today. Red (+) = higher monthly cost. HELOC cost reflects variable-rate exposure: when prime drops, HELOC costs drop within one billing cycle. Locking a fixed home equity loan now insulates against further rate increases but forfeits the savings if rates fall.
How Home Equity Lending Works in Montana
Montana Equity Math
According to the U.S. Census Bureau, the median owner-occupied home value in Montana is approximately $375,800. A homeowner who owes 60% of their original mortgage on a median-valued home would have roughly $150,320 in available equity. At a typical 85% CLTV limit, that means they could potentially borrow up to $93,950 via a HELOC or home equity loan, depending on credit profile and lender underwriting standards.
Home Equity Loan vs HELOC, Quick Comparison
| Feature | Home Equity Loan | HELOC |
|---|---|---|
| Rate Type | Fixed for life of loan | Variable (prime + margin) |
| Payout | Lump sum at closing | Draw as needed, up to limit |
| Term | 5-30 years | 10-yr draw + 20-yr repay (typical) |
| Payment | Fixed P&I from month one | Interest-only during draw (usually) |
| Closing Costs | Typically 2-5% of loan | Often $0 (promos common) |
| Best For | Specific large expense, payment certainty | Ongoing access, flexible borrowing |
Want a deeper breakdown? Read our full guide: Home Equity Loan vs HELOC, Key Differences, Pros and Cons
Montana Home Equity Loan and HELOC Rules
Montana does not add its own loan to value cap, fee cap, or waiting period for home equity loans and HELOCs, so the federal rules below set the baseline and individual lenders set their own limits, most commonly 80 to 90 percent combined loan to value. The state rules that still matter for a Montana borrower cover prepayment penalties, how a foreclosure works, taxes at closing, and who handles the closing.
Prepayment penalties
No Montana statute caps prepayment penalties on residential mortgages, so federal ability to repay and qualified mortgage limits control; Montana Residential Mortgage Lending Act licensees must disclose any penalty.
Foreclosure process
Both (non-judicial typical). Trust indentures on parcels of 40 acres or less foreclose nonjudicially under the Small Tract Financing Act, which requires notice of sale at least 120 days before the sale, so a foreclosure typically takes 5 to 8 months from default to sale.
Deficiency after foreclosure
Prohibited after a nonjudicial trust indenture foreclosure (MCA 71-1-317), and also barred after a judicial foreclosure of an occupied single family residence, so most Montana homeowners face no deficiency.
Redemption after a sale
None after a trust indenture sale; borrowers may reinstate by paying the past due amounts any time before the sale. A one year redemption applies only to judicial mortgage foreclosures.
Taxes and recording costs
None; Montana has no real estate transfer tax or mortgage recording tax, only county recording fees.
Who handles the closing
No attorney is required at closing in Montana; title or escrow companies usually handle it.
Other things to know
Montana's homestead exemption is large, roughly $426,000 in 2026 (it started at $350,000 in 2021 and rises 4 percent each calendar year under MCA 70-32-104), but must be declared and recorded. The state usury ceiling is the greater of 15 percent or 6 points over the prime rate for loans not otherwise exempt. Montana is not a community property state and does not recognize tenancy by the entirety.
Federal rules that apply to every home equity loan and HELOC
Home equity loans and HELOCs secured by your main home carry federal protections on top of anything your state adds. For a HELOC, the lender must give you the HELOC disclosure and the CFPB home equity brochure when you apply and cannot charge a nonrefundable fee until three business days later; the rate must follow a public index the lender does not control, and the lender can freeze or cut the line only for specific reasons such as a significant drop in the home's value or a material change in your finances. For both home equity loans and HELOCs you have until midnight of the third business day after closing to cancel for any reason and get your fees back. A loan is a high cost mortgage under HOEPA if its APR is more than 6.5 percentage points above the average prime offer rate for a first lien (8.5 points for a second lien) or if points and fees exceed 5 percent; high cost loans require counseling and cannot carry balloon payments or prepayment penalties. Since 2018, interest on a home equity loan or HELOC is deductible only if the money is used to buy, build, or substantially improve the home that secures it, and only within the $750,000 total acquisition debt cap. Flood insurance is required on any home equity loan or HELOC from a federally regulated lender if the home sits in a FEMA flood hazard area.
Sources
- Nolo: Montana Foreclosure Process
- Montana Legislature: Montana Foreclosure Processes, Small Tract Financing Act and Mortgage Act (Division of Banking)
- DocJacket: Attorney States vs. Title States
- MCA 70-32-104 Limitation on value (Montana Legislature)
- CFPB: Right of rescission
- Regulation Z section 1026.40 (HELOC rules)
- Regulation Z section 1026.32 (HOEPA)
- Federal Register: 2026 Regulation Z threshold adjustments
- IRS Publication 936, Home Mortgage Interest Deduction
- FHFA 2026 conforming loan limits
- CFPB: Servicemembers Civil Relief Act
- 12 CFR Part 339 (flood insurance)
Montana Home Equity Loan Calculator
Estimate how much you could borrow against your home, and what the monthly payment on a fixed-rate home equity loan would look like. The home value below is prefilled with the local median from the U.S. Census Bureau — change it to your own home's value, and adjust any other field to see the numbers update.
1. How Much Can You Borrow?
2. Estimated Monthly Payment
Defaults to your estimated borrowing limit — edit to model a smaller loan.
Estimates only. Borrowing power assumes lenders allow up to the selected combined loan-to-value ratio; actual limits, rates, and approval depend on your credit profile, income, and the lender's underwriting. The payment figure is for a fixed-rate home equity loan with standard amortization — HELOC payments are typically interest-only during the draw period and vary with the prime rate, so they are not modeled here. This is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Montana home equity loan and HELOC rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners, including the iCanBuy home equity offers widget shown above. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Home Equity Rate Data: We aggregate home equity loan and HELOC rates for Montana directly from the official websites of local lenders, credit unions, and national institutions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home equity products in Montana. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national lenders accepting applications from Montana borrowers.
Local-First Sorting: Rate tables on city pages list institutions with physical branches in the city first, followed by statewide institutions, then national lenders, regardless of APR. This intentional ordering helps homeowners find lenders they can walk into for an in-person closing, since home equity products often involve appraisal, notarization, and other steps that benefit from a local relationship.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update home equity rates daily. Because HELOC rates move with the prime rate and the broader market, every product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
Home Equity Basics for Montana Homeowners
Home equity is the share of a property the owner truly owns: the home's current market value minus the balance still owed on the mortgage. For a Montana homeowner, it grows as the mortgage is paid down and as the property appreciates. Lenders let homeowners borrow against this equity, using the home as collateral, which is why home equity products generally carry lower rates than credit cards or unsecured personal loans.
Home Equity Loan vs. HELOC in Montana
A home equity loan advances a lump sum at a fixed rate, repaid in equal installments over a set term, useful for a one-time expense with a known cost. For example, Horizon Credit Union is listing its Home Equity Momentum Introductory Rate at 4.99%. A home equity line of credit (HELOC) works more like a credit card: a revolving credit limit the borrower can draw from as needed during a draw period, usually at a variable rate. On the line-of-credit side, First Interstate Bank is listing its Home Equity HELOC Special Offer at 5.24%. For Montana borrowers, a loan offers payment certainty, while a HELOC offers flexibility for ongoing or uncertain costs.
How Much Montana Homeowners Can Borrow
Most lenders allow borrowing up to a combined loan-to-value ratio of 80 to 85 percent, meaning the mortgage balance plus the new home equity debt cannot exceed that share of the home's value. For a Montana homeowner, the exact amount available also depends on credit score, income, and the lender's policies. Because the borrowing limit is tied to current value, an appraisal is typically part of the approval process.
How Montana Home Equity Rates Are Set
HELOC rates are usually variable and tied to the prime rate, so they move when the Federal Reserve changes short-term rates, while home equity loan rates are typically fixed and priced off longer-term benchmarks. On top of that market baseline, the rate a Montana borrower receives reflects credit score, combined loan-to-value ratio, and loan amount, so stronger credit and more equity generally earn a lower rate. A borrower’s final rate is set once an application is underwritten.
Risks for Montana Borrowers to Weigh
Because the home secures the debt, falling behind on payments can ultimately put the property at risk, so home equity borrowing is best reserved for purposes that preserve or build value, such as renovations or consolidating higher-rate debt. For Montana borrowers, variable-rate HELOCs also carry the risk that payments rise if rates climb, and some lines shift from interest-only payments to full repayment after the draw period ends. Understanding the repayment structure before borrowing helps avoid payment shock later.
Frequently Asked Questions about Home Equity & HELOC Rates in Montana
What is the difference between a home equity loan and a HELOC in Montana?
How much equity do I need to qualify for a HELOC or home equity loan?
What credit score do I need for a home equity loan in Montana?
Are HELOC interest payments tax-deductible?
What is the current prime rate and how does it affect my HELOC?
What is a HELOC draw period?
Can I use a home equity loan or HELOC for debt consolidation?
Are there closing costs on a home equity loan or HELOC?
Should I get a HELOC or a home equity loan?
Can I refinance my HELOC into a fixed-rate home equity loan in Montana?
How do I compare home equity and HELOC lenders in Montana?
How do I get home equity loan and HELOC quotes in Montana?
How much equity could a homeowner in Montana have?
What is a typical home equity loan amount in Montana?
Can households in Montana afford a home equity loan payment?
How do property taxes in Montana affect home equity borrowing?
What percentage of homeowners in Montana have a mortgage they could tap for equity?
Does Montana have special rules for home equity loans and HELOCs?
Can I cancel a home equity loan or HELOC after closing in Montana?
Can a Montana lender charge a prepayment penalty on a home equity loan?
What are the best home equity rates in Montana?
- Horizon Credit Union: 4.99% (Home Equity Momentum Introductory Rate)
- First Interstate Bank: 5.24% (Home Equity HELOC Special Offer)
- Northwestern Energy Employees Federal Credit Union: 5.49% (Home Equity Loans)
- Butte Community Federal Credit Union: 5.50% (Home Equity)
- Billings Federal Credit Union: 5.50% (Home Equity Line of Credit - Adjustable)
Montana Rates & Resources
Home Equity & HELOC Rates by City in Montana
