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      Save on your mortgage with up to $500 off closing costs., footnote *  
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      Buy your dream home with aBMO jumbo mortgage

      Our BMO Mortgage Bankers can guide you through the process.

      Buy your dream home with a BMO jumbo mortgage

      Our BMO Mortgage Bankers can guide you through the process.

      Check mortgage rates to find the loan that works best for you.

      Check mortgage rates to find the loan that works best for you.

       



      What is a jumbo loan?

      Jumbo mortgage loans may be necessary if you’ve got your eye on something big. That’s because jumbo loans are for loan amounts greater than $806,500 Footnote 1 (basically, you borrow more than a standard mortgage).


      Why is a BMO jumbo loan right for me?


      With a BMO jumbo mortgage, you can enjoy big benefits. Our jumbo loans offer:


      • Fixed and adjustable interest rates
      • Low costs on closing
      • Extended rate lock program Footnote 2
      • Up to 89.99% loan to value ratio
      • No Private Mortgage Insurance required

      Special offers

      Get an interest rate discount of up to 0.625% on a jumbo mortgage for qualifying customers. Footnote 3

      0.125% rate discount with Auto Pay from your BMO personal checking account Footnote 4

      Plus, save up to $500 in closing costs.*

      Talk to an expert

      Five Steps to a Smoother Mortgage ProcessFootnote 5

      Prequalification Application Processing Underwriting Closing

      Discover how easy it is to apply online

      Our online application is a quick and easy way to apply for a mortgage. You can access your application from any device, upload documents and check your loan status, getting notifications throughout the process. Watch this video to learn how fast, simple and secure your application can be.

      Play video

      ​​Helpful tips and advice for homebuyers


      Payment methods

      We offer a range of payment options to help you conveniently make your payment on time, every month. Each is safe and secure Footnote 6 — just choose what’s easiest for you.

      • In person at your choice of 600+ BMO locations
      • By mail

      Have questions?

      Monday to Thursday 8 AM to 7 PM. (CT), Friday 8 AM to 6 PM (CT)

      Calculators

      Compare loans and crunch the numbers with our calculators Footnote 9,10 .

      FAQs

      View all mortgage FAQs



      Apply now
      Monday to Thursday 8 AM to 7 PM. (CT), Friday 8 AM to 6 PM (CT)

      footnote * details,Special offers are subject to change. The closing cost discount offer is available on applications received from September 1, 2024, through February 28, 2025. The closing cost discount offer consists of a $500 closing cost discount depending on loan amount. This offer is available subject to the following:​

      Closing Cost Discount: The closing cost discount may be applied to the purchase or refinance mortgage at closing. It is available for conforming (loans up to $806,500) secured by 1-4 unit homes used as primary residences, second homes, or investment properties. ​

      Auto Pay Closing Cost and Rate Discount:

      • Footnote 1, details Jumbo loans are loans greater than $806,500. Loan limits are subject to change.
      • Footnote 2, detailsCertain restrictions and fees may apply.
      • Footnote 3, details Applicant must meet one of the eligibility requirements to receive the relationship discount. The relationship discount is available to new or existing BMO clients based on the loan amount and the balances in BMO 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.
        Clients with a Jumbo loan (loan amounts over $806,500) and with $100,000 to $249,999 in BMO deposit accounts are eligible to receive the relationship discount of 0.125%.
        Clients with a Jumbo loan (loan amounts over $806,500) and with $250,000 to $499,999 in BMO deposit accounts are eligible to receive the relationship discount of 0.250%.
        Clients with a Jumbo loan (loan amounts over $806,500) and with $500,000 to $999,999 in BMO deposit are eligible to receive the relationship discount of 0.375%.
        Clients with a Jumbo loan (loan amounts over $806,500) and with $1,000,000 to $1,999,999 in BMO deposit accounts are eligible to receive the relationship discount of 0.500%.
        Private Wealth Clients with a Jumbo loan (loan amounts over $806,500) and with at least $2,000,000+ in BMO deposit accounts are eligible to receive the relationship discount of 0.625%.

        Eligible balances include all BMO Personal, Investment, Trust, Business Banking, and BMO Financial Group employee 401(k) accounts. Eligible balances exclude BMO Alto/Savings Accounts and BMO Self-Directed Investment Accounts. For Business accounts, applicant must be an owner of, and an authorized signer on, the associated business account. Assets used for mortgage discount eligibility purposes must exclude any funds needed to close.
      • Footnote 4, details Auto Pay Interest Rate Discount
        To receive a 0.125% rate discount, you must authorize BMO at origination to withdraw your loan payment each month from your BMO consumer checking account. Housing Finance Agency, FHA, VA, and State Bond Program loans are not eligible for the interest rate discount but will receive a $500 closing cost discount if eligible. Auto Pay means periodic scheduled payments automatically deducted from your BMO 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.
      • Footnote 5, detailsThis 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 6, details Visit the BMO Security Center for details.
      • Footnote 7, details 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 bmo.com/en-us/legal for full details.
      • Footnote 8, details Message and data rates apply. Please contact your wireless carrier for details.
      • Footnote 9, details 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 10, details 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.
      • 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.