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UNITEDLENDING

Investment property loans · Yellowstone County, MT

Hard money, fix and flip and DSCR loans in Billings, MT

Billings is Montana's most populous city and the trade and distribution center for much of the state east of the Continental Divide. Investors buy older houses on the South Side, one of the city's oldest residential areas, and homes in the Heights and on the West End, where most new growth is concentrated. Montana's reduced tax rate for long-term rentals needs an application, so enroll each rental you buy.

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Where investors buy

Neighborhoods investors look at in Billings

The South Side is one of the city's oldest residential areas, and Clark Avenue in the Terry-Central Park neighborhood holds many of Billings's first mansions. Large residential developments went up on the West End, in the South Hills and in the Heights in the 1990s, and new growth is now concentrated on the West End.
DowntownBillings's original townsite flanked the Northern Pacific line, and downtown, below the Rimrocks, mixes small businesses and offices with restaurants and a walkable brewery district.
South SideOne of the city's oldest residential areas and its most culturally diverse neighborhood, anchored by South Park, an old-growth city park.
The HeightsSeparated from downtown by the Rimrocks, the Heights is mostly residential, and a new school opened there in 2016 to keep up with growth.
West EndThe area where most of the city's new growth is concentrated, including the Shiloh Crossing commercial development, with mostly upper-income households.

Loan programs

Loans for Billings real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Billings

30-year loans for Billings rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Billings

Buy and renovate in Billings with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Billings

Close quickly on a Billings property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Billings

Financing for new builds in Billings, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Billings

Financing for Billings apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Billings

Local rules and costs that change a deal's numbers or closing date in Billings and Yellowstone County. Sources are listed at the bottom of the page.
  • Building in the floodplain takes a City of Billings floodplain permit plus a separate joint application to the State of Montana. Check the FEMA map panel for the address and City Code section 6-1600 before you plan an addition or new construction.
  • Enroll each long-term rental for Montana's reduced tax rate: it must be rented 28 days or more at a time, for at least 7 months a year, as the tenant's home. LLC-owned property qualifies, and the 2027 enrollment window runs from May 4, 2026 to March 1, 2027.

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Have a Billings property in mind?

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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Billings: common questions

Do you offer hard money loans in Billings?

Yes. United Lending LLC offers private real estate financing for investors in Billings and the rest of Yellowstone County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Billings?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in Downtown, South Side and The Heights, among other parts of Billings.

How much can I borrow for a Billings flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Billings?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Billings or have a Montana LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Montana, your loan officer will tell you what's needed before closing.

Montana

More places we lend in Montana

Sources (3)Checked November 10, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. City of Billings: Floodplain application instructions
  2. Montana Department of Revenue: Tax relief for homesteads and long-term rentals
  3. Wikipedia: Billings, Montana