Mortgage Loans
Welcome to BMO Harris mortgage solutions.

Our Mortgage Bankers can help answer your questions.

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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.

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.³

  • Consistent monthly principal and interest payments³
  • 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.

  • 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 period³
  • 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.

  • FHA-insured loans offer lower down payment options, often just 3.5% of a home’s purchase price4
  • Home Possible loans offer down payment requirements as low as 5% for qualified borrowers with low to moderate income4
  • Down payment and closing cost assistance may be available to help reduce your down payment4
  • Available for a home purchase or refinance4

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 debt.

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 $417,0017 and above.

For qualifying customers8, get a 0.25% interest rate discount9 plus up to a $200 closing cost discount1,2 on a jumbo mortgage.

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®
  • Get the convenience of automatic mortgage payments with Auto Pay² from your BMO Harris checking account.

$100
closing cost discount with Auto Pay² from your BMO Harris Select Checking® account²

~or~

$200
closing cost discount with Auto Pay² from your BMO Harris Portfolio Checking® account²

Mortgage Calculators

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

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 Properties6

Bank Owned Properties6

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.

  1. With Auto Pay, your periodic scheduled payments for your mortgage loan are automatically deducted from your BMO Harris Select Checking® or BMO Harris Portfolio Checking® account, as applicable. Checking account opening subject to bank approval.
  2. Closing cost discounts are subject to change without notice. The discount applies to a new BMO Harris mortgage loan with Auto Pay from your BMO Harris Select Checking® or BMO Harris Portfolio Checking® account. FHA loans do not require Auto Pay to receive this discount. Closing cost discount can only be applied to a mortgage loan for the purchase or refinance of a primary residence and does not apply to Refi-Xpress loans, home equity loans, interim loans, and lot and recreational land loans.
  3. 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.
  4. Program availability varies by location and is subject to eligibility criteria.
  5. Relationship requirements may apply for fixed rate mortgage products.
  6. 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.

    Special offers subject to change at any time without notice.
  7. Loan limits are subject to change at anytime without notice.
  8. 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 $50,000 in BMO Harris deposit accounts (including trust accounts titled in the name of the Applicant); or Senior Executive of an existing corporate client (corporate client must have at least $50,000 in BMO Harris deposit accounts; applicant must be one of the following: a sole proprietor; LLC member, manager, or officer; managing partner, senior partner, general partner, or administrative partner; or a Chairman, Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, President, General Counsel, Treasurer, Executive Vice President or Division Vice President of a corporation).
  9. Special offers subject to change at any time without notice. Contact a BMO Harris Mortgage Banker for current rates.
  10. BMO Harris My Home App is available for iPhone® and Android devices only. The BMO Harris My Home App is free to download and use. For details, see the BMO Harris My Home Application Terms found at bmoharris.com/legal. Message and data rates may apply. Contact your wireless carrier for details.