Also known as: BMO Mortgage
BMO Bank, formerly BMO Harris Bank, offers residential mortgage products in the United States through its retail banking division. BMO has branches primarily in the midwest, with a more limited presence in other regions. It is a subsidiary of Bank of Montreal, one of Canada's major banks.
BMO commonly offers conventional purchase and refinance loans, FHA loans, VA loans for eligible military borrowers, jumbo loans, and home equity products. Availability and product range may vary by state and market.
For existing BMO banking customers, relationship pricing or discounts based on deposit account balances may be available. Whether this translates to a competitive overall mortgage offer requires comparison against other lenders.
Before choosing BMO or any mortgage lender, compare Loan Estimate documents from at least two or three lenders. The factors to review are the interest rate, annual percentage rate which includes all fees, estimated closing costs, origination charges, and the expected time from application to closing.
For VA loan borrowers, BMO offers VA home loans. These are available only to eligible veterans, active-duty service members, and qualifying surviving spouses. VA loans typically involve no down payment and no private mortgage insurance requirement.
BMO also offers home equity lines of credit for qualifying homeowners. A HELOC is a revolving line of credit secured against your home's equity, typically carrying a variable interest rate. There is a draw period during which you can borrow and repay, followed by a repayment period. Because your home is the collateral, careful management of the balance is important.
Buyers outside BMO's midwestern branch footprint may have limited in-person options and should evaluate whether online service meets their needs.
Quick info
Mortgage
BMO Mortgage
BMO Financial Group (Bank of Montreal)
FDIC-insured. Division of BMO Bank N.A.
2026-06-06
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Purchase mortgages; refinancing; home equity
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Date checked
2026-06-06
How do I contact BMO Bank Mortgage about a hardship?
Contact BMO Bank Mortgage directly using the details on this page. Ask specifically about forbearance, repayment plans or loan modification options. Keep records of all communications. A HUD-approved housing counsellor can also help at no cost — find one at hud.gov/findacounselor.
What happens if BMO Bank Mortgage transfers my mortgage?
Mortgage servicers can transfer the servicing of your loan to another company. You must receive written notice before and after any transfer. Payments made to the old servicer within 60 days of a transfer cannot result in late fees. Verify any transfer notice through NMLS Consumer Access.
How do I dispute an error with BMO Bank Mortgage?
Send a written dispute to BMO Bank Mortgage detailing the error. Keep a copy. If the error is not resolved, you can submit a complaint to the CFPB at consumerfinance.gov/complaint.
How do I find a HUD-approved housing counsellor?
HUD-approved housing counsellors are free or low-cost and can help with mortgage trouble, foreclosure prevention and loss mitigation options. Find one at hud.gov/findacounselor or call 1-800-569-4287.
Can BMO Bank Mortgage foreclose on my home?
If mortgage payments are not made, a servicer or lender may initiate foreclosure proceedings. State laws govern the foreclosure process and timelines vary significantly. Contact a HUD-approved counsellor or Legal Aid organisation as soon as possible if you are struggling with payments.
HUD-approved housing counsellors can help at no cost. Use Ask Fin's free tools to get clearer about your full financial picture.
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