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Mortgage Loans

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A Mortgage Banker can guide you through each step.

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Mortgage Loans

Whether you want to apply for a home loan or refinance your mortgage, BMO Harris Mortgage Bankers can guide you through the process.
Make an appointment for a free consultation.

Make an appointment for a free consultation

Whether you want to apply for a home loan or refinance your mortgage, BMO Harris Mortgage Bankers can guide you through the process.
Make an appointment for a free consultation

Make an appointment for a free consultation.

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.¹

  • Consistent monthly principal and interest payments¹
  • 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.1

  • Your initial interest rate is fixed for a short period of time, after which it will convert to a variable rate and adjust 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 period¹
  • After the initial fixed interest rate period ends, your payments will change 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

Affordable Mortgage Programs

We offer a variety of specialized mortgage products for customers with low to moderate income or who are qualified to make a smaller down payment.2

  • FHA-insured loans offer lower down payment options, often just 3.5% of a home’s purchase price
  • Home Possible loans offer down payment requirements as low as 5% for qualified borrowers with low to moderate income
  • Down payment and closing cost assistance may be available to help reduce your down payment
  • 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 enable you to use your home equity to finance larger purchases or consolidate debt3.

If your mortgage is less than $100,000, you may benefit from our Refi-Xpress product with low interest rates and low to no closing costs4.

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

Jumbo Mortgages

If you're thinking about buying bigger, BMO Harris may have a jumbo mortgage that fits your plans. Jumbo loans are those that exceed conforming loan limits, for financing amounts of $453,1015 and above.

For qualifying customers6, enjoy a 0.25% interest rate discount on a jumbo mortgage loan.

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

Benefits of a BMO Harris Mortgage

  • Get a dedicated BMO Harris 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 Harris Online Banking®,11
  • Get the convenience of automatic mortgage payments with Auto Pay7 from your BMO Harris checking account.

$100
closing cost discount with Auto Pay7 from your
BMO Harris Smart Money Account, BMO Harris Smart Advantage Account or BMO Harris Select Checking® Account8

~or~

$200
closing cost discount with Auto Pay7 from your
BMO Harris Premier Account or BMO Harris Portfolio Checking® Account8

Mortgage Calculators9

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

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

​​Helpful tips and advice for homebuyers

Mortgage Articles and Tools

Take advantage of our tools and resources to help you compare mortgage loan options and make a decision on what's right for you.



Specialty Mortgages

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 Harris Bank N.A. fully complies with the S.A.F.E. Act. Learn more about how the S.A.F.E. Act (PDF, 148KB) protects you.

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

Bank Owned Properties10

Bank Owned Properties10

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 888-482-3781 to make an appointment for a free consultation or find a Mortgage Banker near you.

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 Harris does not negotiate or accept any offers directly.

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

Special offers subject to change at any time without notice.

  1. 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.
  2. Program availability varies by location and is subject to eligibility criteria. BMO Harris Bank 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.
  3. Please consult with your financial advisor for the benefits and ramifications between unsecured and secured debt and the protections each provide the consumer. For example, consolidating federal student loans will result in losing significant benefits.
  4. BMO Harris will pay closing costs in: AZ, FL, IL, IN, KS, MO, MN or WI on an owner-occupied 1-4 family residence. Closing costs include: appraisal, flood determination, title insurance and document recording fees. The customer may be required to pay state and local taxes and to satisfy prior liens. Property insurance is required; flood insurance may be required.

    In Florida, customer is responsible for Documentary Stamp Tax of $3.50 per $1,000 and Intangible Tax of $2.00 per $1,000.

    In Kansas, customer is responsible for Mortgage Recording Tax of $1.00 per $1,000.

    In Minnesota, customer is responsible for Mortgage Recording Tax of $2.30 per $1,000 or $2.40 per $1,000 for Hennepin/Ramsey County.

    If you prepay your loan in full within 36 months of the date of the loan, you may be charged an amount equal to the actual third-party closing costs paid on your behalf by BMO Harris Bank.
  5. Loan limits are subject to change at any time without notice.
  6. Applicant must meet one of the eligibility requirements in order to receive the 0.25% relationship pricing discount: New or existing Private Bank client; new or existing Premier Services client; new or existing BMO Harris client with at least $250,000 in BMO Harris deposit accounts (including trust accounts titled in the name of the Applicant) at the time of closing after all related closing costs have been applied.
  7. Auto Pay means periodic scheduled payments automatically deducted from your BMO Harris checking account, as applicable, to pay the loan. When you sign up for Auto Pay, you authorize the Bank to draw your account for all amounts then due, including any late fees and any other charges. Checking account opening subject to bank approval.
  8. Special offers are subject to change. Closing cost discount of $100 on a new BMO Harris mortgage loan with Auto Pay from your BMO Harris Smart Money Account, BMO Harris Smart Advantage Account or BMO Harris Select Checking® Account. The monthly maintenance fee for BMO Harris Smart Money Account is $5. The monthly maintenance fee for BMO Harris Smart Advantage is $0. The monthly maintenance fee for BMO Harris Select Checking Account ® is $15. Closing cost discount of $200 on a new BMO Harris mortgage loan with Auto Pay from your BMO Harris Premier Account or BMO Harris Portfolio Checking® Account. The monthly maintenance fee for BMO Harris Premier Account is $30. The monthly maintenance fee for BMO Harris Portfolio Checking is $25. FHA loans do not require Auto Pay to receive this discount. Mortgage closing cost discount can only be applied to the purchase or refinance of a primary residence and does not apply to Refi-Xpress loans, home equity loans, interim, lot and recreational land loans. Auto Pay means periodic scheduled payments automatically deducted from your BMO Harris checking account, as applicable, to pay the loan. When you sign up for Auto Pay, you authorize the Bank to draw your account for all amounts then due, including any late fees and any other charges. Checking account opening subject to bank approval.
  9. Calculators are provided by Leadfusion Inc., which is not affiliated with BMO Harris. The results and information provided on this website are estimates and are provided for informational purposes only. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances. Please note that Leadfusion may have different privacy and security standards than BMO Harris and you should visit its website at www.leadfusion.com Third Party Link to review its privacy policy. BMO Harris does not provide tax or legal advice and you should consult your tax or legal advisor for tax and legal advice. You should always talk to your BMO Harris Mortgage Banker to determine the product that is right for you. The calculator headings are merely labels for your convenience. The calculator results are estimates only and should not be construed as advice or a recommendation.
  10. BMO Harris 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 Harris 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 Harris 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.
  11. Certain conditions and limitations apply. BMO Harris Online Guarantees apply to personal accounts only and do not apply to commercial or business accounts. Please see the BMO Harris Online Banking Services Agreement found at bmoharris.com/legal for full details.