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Stockman Bank mortgage review

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Stockman Bank
Minimum credit score
Conventional: 640
FHA: 620 to 640
Minimum down payment (Conventional)
State availability
Only available in: MT, ND, WY

Our verdict

This family-owned bank is an agricultural loan specialist offering a range of mortgage options, but you must live in select states to apply.

Stockman Bank may be a good choice if you're looking for an agricultural loan or line of credit, a first-time homebuyer program or a government-backed loan. The bank features a team of local home loan specialists, offering more personalized services than bigger, more commercialized lenders that don't have a local reputation to protect.

Online customer reviews of the bank's mortgage department are also overwhelmingly positive. But you won't find much information about loan details, fees or interest rates on the bank's website, and it's not for borrowers looking for a fully digital mortgage. If Stockman Bank doesn't have what you're after, compare more lenders to find the best one for your situation.


  • Prequalification process
  • Down-payment assistance
  • Good reviews


  • Few details
  • Must work with a loan officer

In this guide

  • Our verdict
  • Details
    • Features
  • Your reviews



Loan products offered Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 640
FHA: 620 to 640
Minimum down payment (Conventional) 3%
State availability Only available in: MT, ND, WY
NMLS # 440094

Stockman Bank requirements

To find out if you’re eligible for a Stockman Bank home loan, visit the company’s website. Basic eligibility for a mortgage with the company includes:

  • Residency in MT, ND or WY.
  • Two years’ history of employment.
  • A FICO credit score of 640 or higher.
  • No history of bankruptcy in the past two years.


The documents you’ll need to apply for a home loan from Stockman Bank include:
For employed persons:

  • State-issued ID
  • Employment history
  • Your most two recent pay stubs
  • W-2 statements for the past two years
  • Most recent personal tax return
  • A list of debts and assets

For self-employed persons:

  • 1099 statements for the past two years
  • Most recent personal tax returns
  • A year-to-date profit and loss (P&L) statement and balance sheet

Costs and fees

Stockman Bank charges a 1% loan origination fee, but a loan officer at the bank told us that this fee is negotiable, depending on a borrower’s circumstances. Additionally, be prepared to pay around 1% to 4% of your loan amount in fees and closing costs, which typically include:

  • Credit report fee
  • Home appraisal fee
  • Flood certification fee
  • Title search and insurance
  • Closing and escrow fees

How to apply for a mortgage with Stockman Bank

To complete your application, you’ll need to work with a loan officer. But to begin the process of applying for a home loan with the bank, follow these steps.

  1. Go to the Stockman Bank website and select Home Loans, then Apply Now.
  2. Answer the loan questions, then enter the property information, coborrower information, your personal information, Social Security number, current address and mortgage information (if applicable), your assets and employer information.
  3. Decide if you want to order a credit report with your application and authorize a credit check.
  4. Enter information about your liabilities and other expenses. Consent to the disclosures and details and agree to the eConsent process.
  5. Answer the borrower declarations and demographic questions.
  6. Review the application, submit it and wait for a Stockman Bank loan specialist to contact you.

Alternatively, call the bank’s home loan department on 833-840-5289 to speak to a loan officer and get the ball rolling over the phone.

What types of mortgages can I get through Stockman Bank?

  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo
This company accepts mortgage refinance applications.

Other mortgage products Stockman Bank offers

Stockman Bank also offers these specialized types of mortgages.

  • Ag Loans. Real estate loans that can be used to finance or refinance farm property, land improvements, buildings and facilities.
  • AgLOC. A line of credit that allows you to tap into the equity in your farm or ranch property.
  • Down payment assistance programs. Stockman Bank offers down payment assistance programs through partnerships with the Montana Board of Housing, Human Resource Development Council (HRDC) and NeighborWorks Montana.
  • Jumbo loans. The bank offers jumbo loans up to $2 million for eligible homebuyers.
  • Mortgage refinancing. Replaces your current mortgage with a new one with better terms. Can be used to lower your interest rate and monthly payment, change your term length or remove private mortgage insurance (PMI).

How Stockman Bank’s mortgage products compare to other lenders

Compared to other lenders, Stockman Bank offers a wide range of home loan options, including conventional, government-backed and agricultural loans as well as first-time homebuyer programs.
As an agricultural real estate loan specialist, Stockman Bank offers a selection of purchase, refinance and equity loan programs for ranchers and farmers in various circumstances.

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Stockman Bank reviews and complaints

As of July 2022, Stockman Bank has a 4.89 out of 5 rating on Zillow from 37 reviewers. Stockman Bank is not accredited with the Better Business Bureau and has an A+ business rating with zero customer reviews and only two complaints closed in the past three years.
While the bank doesn’t have many online reviews, the overwhelming majority of customers on Zillow report positive experiences with the bank’s loan officers, who they describe as knowledgeable, helpful and professional. On the flip side, some banking customers have complained about the bank’s lack of modernness and convenience compared to other banks.

Stockman Bank pros and cons


  • Ideal for agricultural borrowers. Stockman Bank specializes in real estate loans, mortgage refinancing and lines of credit for agricultural customers.
  • Family-owned and local. Unlike larger banks, Stockman Bank specializes in real estate loans for Montana residents and can make local credit decisions.
  • First-time homebuyer programs. Stockman bank offers a range of first-time homebuyer and down payment assistance programs through its various partners.
  • Wide branch coverages in Montana. Multiple branches with mortgage departments are available across the state of Montana.


  • Only available in select states. Stockman Bank only offers its agricultural and home loans to residents in a handful of states.
  • Website lacks program details. The bank’s website lacks details about loan types, interest rates and fees. You’ll need to call a loan officer for more details or start an online application.
  • Branches only available in Montana. While home loans are available to customers in Montana, North Dakota and Wyoming, branches are only available in Montana.

What is Stockman Bank?

Founded in 1953 and headquartered in Miles City, Montana, Stockman Bank is a family-owned bank offering numerous full-service branches in Montana and over 100 ATMs across the state. Specializing in agricultural loans for ranchers and farmers, Stockman Bank is Montana’s largest agricultural bank and is the 18th largest agricultural lender in the US.

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