You’re going places. We can help.
At BMO Bank, we believe healthcare professionals spend their time helping others and now it is our turn to help them, especially when it comes to homebuying. That’s why we’re pleased to offer the BMO Physicians’ Mortgage Program , footnote 1.
Open to residents, fellows and existing or newly licensed medical doctors , footnote 2 , the program is designed to help eliminate many of the roadblocks to mortgage financing faced by physicians , footnote 3 . Plus, you can get up to a $500 closing cost discount , footnote 4.
Let’s get moving.
Talk to a Mortgage Banker to get started.
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Call us 1-888-482-3781
Monday to Thursday 8 AM to 7 PM (Central Time)
Friday 8 AM to 6 PM (Central Time)
Saturday 8 AM to 1 PM (Central Time)
We address the concerns you might have about homebuying:
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Think student debt means you can’t afford the home you’d hoped for?
BMO offers flexible debt-to-income underwriting guidelines -
Worried about a lack of income history?
We impose no income history requirement (proof of future income, like residency or employment contracts, isrequired) , footnote 5 -
Want to save thousands over the life of your loan?
No private mortgage insurance is required
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Concerned about a lack of ready cash?
We give you the ability to borrow up to 95% on mortgages up to $1.5 million and 90% on mortgages up to $2 million , footnote 3 -
Need to move in before you start your new position?
Employment start date can take place within 90 days of closing

Other advantages:
- All standard fixed- and adjustable-rate mortgage products are available
- No special fees or premiums for program participants
- Available for new purchase or refinance
- Various property types are allowed , footnote 1

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Call us 1-888-482-3781
Monday to Thursday 8 AM to 7 PM (Central Time)
Friday 8 AM to 6 PM (Central Time)
Saturday 8 AM to 1 PM (Central Time)
Footnote 2 details Licensed medical doctors include, Doctors of Medicine (MD), Doctors of Dental Surgery (DDS), Doctors of Dental Medicine (DMD) and Doctors of Osteopathic Medicine (DO). Resident is a person who has received a medical degree and who practices medicine under the supervision of fully licensed physicians, usually in a hospital or clinic. A residency may follow the internship year or include the internship year as the first year of residency. Fellowship is an additional specialty training period required for certain fields. Fellowship follows residency when required.
Footnote 3 details Physicians that have been practicing for more than 10 years are limited to 90% financing. The following states are limited to 95% max LTV: CA, DC, FL, HI, ID, MD, NV and RI.
Footnote 4 details Closing cost discount available when you authorize BMO to withdraw your loan payment each month from a BMO checking account using Auto Pay. This discount can only be applied to the purchase or refinance of a primary residence. Closing cost discount of $500 on with Auto Pay from your BMO Harris Smart Money Trademark Account , BMO Harris Smart Advantage Trademark Account BMO Harris Select Checking Registered account , BMO Harris Premier Trademark Account or BMO Harris Portfolio Checking Registered account . FHA loans do not require Auto Pay to receive this discount.
Footnote 5 details You must provide evidence that employment will start within 90 days of loan closing.