Low Down Payment Mortgages

^*footnote * details,Special offers are subject to change. The closing cost discount offer is available on purchase applications received from December 1, 2022 through January 31, 2023. The closing cost discount offer consists of an $800, $1,300 or $1,500 closing cost discount depending on loan amount and a $500 Auto Pay closing cost discount. 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 $647,200) secured by 1-4 unit homes used as primary or secondary residences and investment properties. Loan amounts up to $399,999 qualify for an $800 closing cost discount, loan amounts between $400,000 and $999,999 qualify for a $1,300 closing cost discount and loan amounts of $1,000,000 or greater, qualify for an $1,500 closing cost discount. This closing cost discount does not apply to refinances.

Auto Pay Closing Cost Discount: The Auto Pay closing cost discount is available when you authorize BMO to withdraw your loan payment each month from an eligible BMO checking account using Auto Pay. Closing cost discount of $500 with Auto Pay from your BMO Harris Smart Money, trademark, Account, BMO Harris Smart Advantage, trademark, Account, BMO Harris Select Checking, registered trademark, account, BMO Harris Premier, trademark, Account or BMO Harris Portfolio Checking, registered trademark, account. FHA and State Bond Program loans do not require Auto Pay to receive this discount. The Auto Pay closing cost discount is available when you authorize BMO to withdraw your loan payment each month from an eligible BMO checking account using Auto Pay. Closing cost discount of $500 with Auto Pay from your BMO Harris Smart Money™ Account, BMO Harris Smart Advantage™ Account, BMO Harris Select Checking^® account, BMO Harris Premier™ Account or BMO Harris Portfolio Checking^® account. FHA and State Bond Program loans do not require Auto Pay to receive this discount.

• Footnote 1 details1. Auto Pay means periodic scheduled payments automatically deducted from your BMO checking account, as applicable, to pay the loan and may not be available for FHA loans. 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.
• Footnote 2 details2. Under the BMO Harris Bank Affordable Housing Grant Program, $1,000 in grant money is available for borrowers buying or refinancing properties located in moderate income census tracts in select counties in AZ, FL, IL, IN, KS, MN, MO, WA and WI. $3,000 in grant money is available for borrowers buying or refinancing properties located in low income census tracts in select counties in AZ, FL, IL, IN, KS, MN, MO, WA and WI. Grant can only be applied to the purchase or refinance of a primary residence. BMO Harris Affordable Housing Grant Program may be subject to other applicable restrictions. Additional down payment assistance options may be available.
• Footnote 3 details3. 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 4 details4. You should always talk to your BMO 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.
• Footnote 5 details5. 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 6 details6. This is an overview of the general steps to the mortgage process. This is not a complete description of the mortgage process, and there may be other requirements that apply. This information is not intended to be tax or legal advice. BMO does not provide tax or legal advice and you should consult your tax or legal advisor for tax and legal advice. The Consumer Financial Protection Bureau offers additional home buying resources. You may visit http://www.consumerfinance.gov/owning-a-home/loan-options/ for more information.
• Footnote 7 details7. 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.
• Footnote 8 details8. Message and data rates apply. Please contact your wireless carrier for details.