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      Save on your mortgage with up to $2,000 off closing costs., footnote *  
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      Found the perfect home? we can help make it yours

      Apply today from the comfort of your home.

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      Mortgage Loans

      Whether you want to apply for a home loan or refinance your mortgage, BMO Mortgage Bankers can guide you through the process.

      Whether you want to apply for a home loan or refinance your mortgage, BMO Mortgage Bankers can guide you through the process.

      We’re ready to help


       

      Mortgage Loan Types at a Glance

      Fixed Rate

      If you're looking for consistent monthly payments of principal and interest during the life of your loan, a fixed rate mortgage is easier to budget and plan.

      footnote 1
      • Consistent monthly principal and interest paymentsfootnote 1
      • Your interest rate won't change
      • May be ideal if you plan to stay in your home for a long period of time
      • Available for a home purchase or refinance

      Adjustable Rate

      If you're planning to stay in your home for a relatively short period of time, consider an adjustable rate mortgage.footnote 1

      • Your initial interest rate is fixed for a short period of time, after which it will convert to a variable rate and adjust semi-annually during the life of your loan if the index changes
      • May have a lower interest rate and lower monthly principal and interest payments during the initial fixed interest rate periodfootnote 1
      • After the initial fixed interest rate period ends, your payments will change semi-annually when the variable interest rate adjusts
      • May be ideal if you plan to stay in your home for a short period of time
      • Available for a home purchase or refinance

      Low Down Payment Mortgages

      We offer a variety of specialized mortgage products for first-time homebuyers and low or moderate income customers interested in a lower down payment.

      • Mortgage loans can require as little as 1% down from the borrower’s own funds. footnote 2
      • Down payment and closing cost assistance of up to $9,000 or more for qualified borrowers.
      • Available for a home purchase or refinance

      Refinancing

      Refinancing your current mortgage may allow you to lower your interest rate and monthly mortgage payment, shorten the term of your mortgage or let you use your home equity to make larger purchases or consolidate debt.

      If your mortgage is less than $250,000, you may benefit from refinancing with a home equity line of credit with a Fixed Rate Lock Option. A HELOC offers competitive rates, flexibility, and we pay many closing costs.

      To learn about refinancing options, contact a BMO Mortgage Banker.

      Apply now

      Jumbo Mortgages

      If you're thinking about buying bigger, BMO may have a jumbo mortgage that fits your plans. Jumbo loans are those that are more than $726,200 footnote 3.

      For qualifying customersfootnote 4, enjoy a 0.625% interest rate discount on a jumbo mortgage loan.

      To find out if a jumbo loan is right for you, contact a BMO Mortgage Banker.

      Cross-Border Mortgage Program

      Our Gateway Program provides cross-border mortgage financing for Canadians looking to buy or refinance a home in the U.S.

      This program combines our integrated banking network with our unmatched cross-border expertise, plus the support of a dedicated BMO Mortgage Banker.

      Benefits of a BMO Mortgage

      Get a dedicated BMO Mortgage Banker who will explain the process, breakdown the numbers, and identify mortgage options that may be suitable for you

      View account information, make payments and access statements with BMO Digital Banking registered, footnote 7

      Get the convenience of automatic mortgage payments with Auto Pay from your BMO checking account.

      0.125% rate discount with Auto Pay* from your

      Mortgage Calculators footnote 5

      Payments

      Find out what your payments will be and how you could pay down your principal faster.

      Fixed Rate Mortgage Payments

      Adjustable Rate Mortgage (ARM) Payments

      Extra Payments

      Make a one time payment

      Shopping for a home

      Narrow down your search for a home.

      My Budget

      Down Payment

      Rent or Own

      Finance Decisions

      Calculate the cost of a new mortgage and look at mortgage options.

      Closing Costs

      Compare Loans

      Refinancing

      See if it pays to refinance.

      Savings

      Costs

      • Apply now
      • Request a prequalification
      • Call 1-888-482-3781 Monday to Thursday 8 a.m. - 7 p.m. Central Time Friday 8 a.m. - 6 p.m. Central Time Saturday 8 a.m. - 1 p.m. Central Time
      • Call 1-888-482-3781 Monday to Thursday 8 a.m. - 7 p.m. Central Time Friday 8 a.m. - 6 p.m. Central Time Saturday 8 a.m. - 1 p.m. Central Time

      ​​Helpful tips and advice for homebuyers


      Your down payment on a house

      Should you get pre-qualified or pre-approved?

      Applying for a mortgage? 5 ways to prepare

      Specialty Mortgages

      We understand the unique needs for this type of financing and offer flexible options such as extended rate lock and a one-step application/closing process that saves you time and money.

      • Construction Loans

        A construction loan may be the right mortgage if you are building a home. It’s often necessary because of the extended time frame and special needs in the building process.

      • Below are new construction offers:

        • 60 day rate lock for fixed and adjustable rate mortgages
        • Option for up to 180 day rate lock for fixed rate mortgages
        • Option for up to 450 day rate lock for adjustable rate mortgages

      • Custom Homes

        If you are building a custom home, you may be looking for a one-close construction/permanent loan.

      • One-Close Construction/Permanent Loans

        This is a one-step construction loan that will save you time, hassle and money. Our One-Close Construction/Permanent Mortgage Loan offers:

        • Consolidated application and closing for construction and permanent financing
        • Option for fixed or adjustable rate interestfootnote 7

      BMO uses a tailored approach to fit your many financing needs. Among the many types of specialty borrowing solutions we offer are: construction loans, condominium financing, investment property loans, and affordable mortgage programs.

      • Special Mortgage Programs

        If your requirements do not fit any of our standard loans, we may be able to help you with one of our special mortgage programs.

      • First Time Homebuyer and Affordable Mortgage Programs

        Affordable Mortgage Programs are designed for those purchasing a home for the first time or homebuyers with low to moderate incomes. Programs are available with down payments as low as 3.5%, subject to applicable restrictions.

      • Condominium Financing

        If you need financing for a new or recently converted condominium, we may be able to help. Restrictions may apply, so please check with a BMO Mortgage Banker for details.

      • Investment Property Loans

        Mortgages for investment property financing.

      • Multi-Family Loans

        Learn more about financing property and buildings with 1 - 4 dwelling units. Call us at 1-888-482-37811-888-482-3781 for details.

      • BMO Physicians’ Mortgage Program

        A mortgage program designed to help eliminate many of the roadblocks to mortgage financing faced by physicians. Learn more

      S.A.F.E. Act

      The Secure and Fair Enforcement (S.A.F.E.) for Mortgage Licensing Act protects consumers. This nationwide licensing and registration system provides accurate, accessible information about lenders and their employees.

      BMO Bank N.A. fully complies with the S.A.F.E. Act. Learn more about how the S.A.F.E. Act protects you.

      For further information regarding your Mortgage Loan Originator or BMO Bank N.A., please visit www.nmlsconsumeraccess.org blue BMO icon

      • Apply now
      • Request a prequalification
      • Call 1-888-482-3781

        Monday to Thursday 8 a.m. - 7 p.m. Central Time Friday 8 a.m. - 6 p.m. Central Time Saturday 8 a.m. - 1 p.m. Central Time         Call 1-888-482-3781 Monday to Thursday 8 a.m. - 7 p.m. Central Time Friday 8 a.m. - 6 p.m. Central Time Saturday 8 a.m. - 1 p.m. Central Time

      Bank Owned Properties footnote 6

      Bank Owned Properties footnote 6

      We have a selection of bank-owned homes and properties that are for sale. To arrange a showing, contact the listing agent directly.

      Interested in purchasing a bank-owned property? A Mortgage Banker can help you find the right mortgage loan.

      • Call 1-888-482-3781

        Monday to Thursday 8 a.m. - 7 p.m. Central Time
        Friday 8 a.m. - 6 p.m. Central Time
        Saturday 8 a.m. - 1 p.m. Central Time         Call 1-888-482-3781 Monday to Thursday 8 a.m. - 7 p.m. Central Time Friday 8 a.m. - 6 p.m. Central Time Saturday 8 a.m. - 1 p.m. Central Time

      Agent contact information is listed for each bank-owned property. For detailed property information, including the list price, or to make an offer, please contact the agent assigned to the property. Nothing listed on this page shall be deemed the extension of an offer and/or contract and is for informational purposes only. BMO does not negotiate or accept any offers directly.

      Employees of BMO or its affiliates interested in buying a bank-owned property listed on this website: You are required to disclose your employment with BMO or any of its affiliates when first contacting an agent and before making an offer to purchase a property listed on this website.

      footnote * details, Auto Pay and Rate Discount: To receive a 0.125% rate discount, you must authorize BMO to withdraw your loan payment each month from an eligible BMO checking account using Auto Pay. Rate discount of 0.125% with Auto Pay from your BMO Smart Money Checking account, BMO Smart Advantage Checking account, BMO Select Checking account, BMO Relationship Checking or BMO Portfolio Checking account. Housing Finance Agency, FHA, VA, and State Bond Program loans are not eligible for the interest rate discount but will receive a $500 closing cost discount if eligible.

      • footnote 1 details,The escrow portion of your monthly mortgage payment may change periodically during the term of your loan depending on changes to your property taxes and hazard, flood or other required insurance. Historical performance of Adjustable Rate Mortgage (ARM) indexes does not predict future performance and is only one factor to consider when choosing a mortgage loan. Certain restrictions and fees may apply.
      • footnote 2 details,Program availability varies by location and is subject to eligibility criteria. BMO offers affordable mortgage programs and works with various government and community organizations that offer down payment and closing cost assistance. Affordable mortgage programs may be subject to income limitations and other application restrictions. The amount of down payment and closing cost assistance available varies based on income and property location.
      • footnote 3 details,Jumbo loans are loans greater than $726,200. Loan limits are subject to change.
      • footnote 4 details,Applicant must meet one of the eligibility requirements in to order to receive the relationship pricing discount: New or existing BMO client with at least $100,000 in BMO deposit accounts discount of up to 0.625% (including trust accounts titled in the name of the Applicant) at the time of closing after all related closing costs have been applied. Housing Finance Agency, FHA, VA, and State Bond Program loans are not eligible for the interest rate discount.
      • 5. footnote 5 details, Calculator is provided by Leadfusion Inc., which is not affiliated with BMO. The calculator provides estimates. We do not guarantee their accuracy or applicability to your circumstances. Results depend on many factors, including the assumptions you provide. Leadfusion may have different privacy and security standards than BMO. Visit its website at www.leadfusion.com to review its privacy policy.
      • footnote 6 details,BMO Bank N.A. does sell bank-owned properties directly and does not engage in the brokerage of real estate properties. Please contact the realtor identified in the listing for more information. While the information on these properties is believed to be accurate and this site is updated periodically, BMO assumes no responsibility for and makes no representations, warranties or guarantees as to the accuracy of the information depicted or described in the listings available using this web site. These listings may be subject to errors, omissions, prior sales or removal from the market. BMO is also not responsible for the condition of a property, and all properties are sold “as is” without representation or warranty. It is the responsibility of any prospective buyer to investigate the public record, the condition of the property and verify the accuracy of the listed information.
      • footnote 7 details,Certain conditions and limitations apply. Digital Banking Guarantees apply to personal accounts only and do not apply to commercial or business accounts. Please see the BMO Digital Banking Agreement found at bmo.com/en-us/legal for full details.