Purchasing a pre-construction property
Thinking about buying a pre-construction or ready to move into your newly built home? We’ve got you covered – reach your home buying goals sooner with BMO’s mortgage benefits.
BMO mortgages just got more flexible
New! As of August 1, 2024, BMO now offers 30-year amortization period to first-time homebuyers for newly built homes. Connect with a Mortgage Expert to learn more.
Enjoy these mortgage benefits
Buying a newly built home? Don’t forget to take advantage of these BMO mortgage perks.
Guaranteed fixed rate for up to three years. footnote star- Our competitive 130-day mortgage rate guarantee footnote star, star for a short close.
- Full range of financing options for upgrades and assignment sales.
- Enjoy no application or administration fees. footnote dagger
With BMO, you’ll get:
Customizable mortgage solutions
Flexible payment options
A smooth execution, from start to finish
130-day mortgage rate guarantee footnote double dagger
Helpful mortgage resources
Steps to buying a home
Learn about each step of your home-buying journey, from calculating how much you can afford to managing your closing day.
Mortgage Payment Calculator
Calculate how much you’d spend each month to buy a new home or to renew or refinance your mortgage.
Mortgage Affordability Calculator
Find out how much home you can afford so you can start house hunting with confidence knowing what your price range is.
Ready to get started?
Visit us
Book an appointment at your nearest branch to chat about your mortgage options.
Talk to an expert
Let’s chat about your mortgage options. One of our Mortgage Specialists will even come to you!
- Footnote star details Available for fixed rate builder cap mortgage program only. Rate guarantee commitment for up to 36 months while project is construction. Rates and offers are subject to change without notice. Interest on fixed rate mortgages is calculated half-yearly, not in advance. Not applicable to the 5-year BMO Eco Smart Mortgage®, the 5-year BMO Smart Fixed Rate Mortgage, the 10-year BMO Smart Fixed Rate Mortgage or the Homeowner ReadiLine®.
- Footnote star, star details We guarantee your interest rate for the selected fixed rate mortgage type and term for up to 130 days from the rate guarantee start date. If the mortgage is not funded within the 130-day period, the interest rate guarantee expires. Applicable to residential mortgages only and subject to Bank of Montreal standard lending criteria for residential properties.
- Footnote dagger details All applications remain subject to satisfaction of Bank of Montreal’s standard lending criteria.