Mortgage Loans

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 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.
12. Special offers are subject to change. Closing cost discount offer is available on applications received from June 3, 2018 through August 31, 2018. The $600 closing cost discount consists of up to a $400 underwriting closing cost discount and up to a $200 Auto Pay closing cost discount. They are available subject to the following:
    
    Underwriting Closing Cost Discount
    The underwriting closing cost discount is good for home purchase mortgages, conventional or jumbo loans, and second homes and is available for 1 to 4 unit family primary residences if the necessary qualifications are met for loan approval. The amount of the underwriting discount is as follows: $200 for loan amounts up to $249,999; $300 for loan amounts from $250,000 to $499,999; or $400 for loan amounts of $500,000 and up.
    
    Auto Pay Closing Cost Discount
    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. 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 Smart Money™ Account is $5, BMO Harris Smart Advantage™ Account is $0, BMO Harris Select Checking^® is $15, BMO Harris Premier™ Account is $30 and BMO Harris Portfolio Checking^® is $25. FHA loans do not require Auto Pay to receive this closing cost 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 qualifying BMO Harris checking account, as applicable, to pay the BMO Harris mortgage loan. When you sign up for Auto Pay, you authorize the Bank to draw your account for all amounts then due, including late fees and any other charges. Our checking products are subject to change at any time. As a result, this offer is subject to change including the availability of these checking products. When applying for Auto Pay, please ask a BMO Harris banker about the different available checking products. Customers who currently have a BMO Harris checking account that does not qualify for this offer may switch to a BMO Harris checking account that does qualify for this offer prior to or at closing. Please contact a BMO Harris banker for more details or click here to learn more about our checking products.