Mortgage Loans

^*Special offers are subject to change. The closing cost discount offer is available on purchase applications received from June 1, 2021 through July 31, 2021. The $1,000 closing cost discount consists of a $500 or $800 closing cost discount and up to a $200 Auto Pay closing cost discount, depending on loan amount. They are available subject to the following:

Closing Cost Discount: The closing cost discount may be applied to the purchase mortgage at closing. It is available for conforming or jumbo loans (loans in excess of $548,250) secured by 1-4 unit homes used as primary residences, second homes, or investment properties. Loan amounts up to $399,999 qualify for a $500 closing cost discount and loan amounts $400,000 and up qualify for an $800 closing cost discount. The closing cost discount cannot be applied to refinances.

Auto Pay Closing Cost Discount: The closing cost discount is available when you authorize BMO Harris to withdraw your loan payment each month from an eligible BMO Harris checking account using Auto Pay. Closing cost discount of $100 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 with Auto Pay from your BMO Harris Premier^™ Account or BMO Harris Portfolio Checking^® account. FHA loans do not require Auto Pay to receive this discount.

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. Jumbo loans are loans greater than $548,250. Loan limits are subject to change.
4. Applicant must meet one of the eligibility requirements in to order to receive the relationship pricing discount: New or existing Private Bank client discount of up to 0.50%; new or existing Premier Services client discount of up to 0.25%; new or existing BMO Harris client with at least $100,000 in BMO Harris deposit accounts discount of up to 0.125% (including trust accounts titled in the name of the Applicant) at the time of closing after all related closing costs have been applied.
5. The closing cost discount is available when you authorize BMO Harris to withdraw your loan payment each month from an eligible BMO Harris checking account using Auto Pay. Closing cost discount of $100 with Auto Pay from your BMO Harris Smart Money^TM Account, BMO Harris Smart Advantage^TM Account or BMO Harris Select Checking^® account. Closing cost discount of $200 with Auto Pay from your BMO Harris Premier^TM Account or BMO Harris Portfolio Checking^® account. FHA loans do not require Auto Pay to receive this discount.
6. Calculator is provided by Leadfusion Inc., which is not affiliated with BMO Harris. 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 Harris. Visit its website at www.leadfusion.com to review its privacy policy.
7. 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.
8. 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 bmoharris.com/legal for full details.