BMO Bank, N.A.: 2025 mortgage rates, costs & approvals
How BMO Bank, N.A. priced and approved home loans in 2025, measured against every lender in the official HMDA records.
HMDA legal name: BMO Bank National Association · LEI 3Y4U8VZURTYWI1W2K376
In 2025, BMO Bank, N.A. originated 4,148 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 49 states — 157th by volume among the 2,017 lenders profiled here.
On conventional 30-year fixed purchase loans its median rate was 6.75% (all lenders: 6.625%); its median rate spread was 9 basis points below the national median. Median conventional loan costs were $6,330, 14% higher than the national median ($5,570).
It denied 20.2% of completed home-purchase applications (all lenders: 8.5%).
How BMO Bank, N.A. priced home-purchase loans
| Purchase loans, 2025 | BMO Bank, N.A. | All lenders |
|---|---|---|
| 30-year fixed rate · conventional | 6.750% | 6.625% |
| 30-year fixed rate · FHA | 6.500% | 6.250% |
| 30-year fixed rate · VA | — | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.04 pts | +0.13 pts |
| Total loan costs · conventional | $6,330 | $5,570 |
| Total loan costs · FHA | $10,610 | $11,310 |
| Total loan costs · VA | — | $6,490 |
| Origination charges (all types) | $1,250 | $1,860 |
| Borrowers paying discount points | 37.6% | 51.3% |
| Points paid, when paid (% of loan) | 0.25% | 0.87% |
| Borrowers receiving lender credits | 78.1% | 33.1% |
Medians shown with at least 20 loans. A lender's numbers reflect its borrowers (credit, down payment, loan size, location) as well as its pricing; HMDA has no credit scores. Rate spread = APR minus the average prime offer rate on the lock date, which removes most of the effect of when the rate was locked.
Loan mix and borrowers
By loan type
By purpose
Why BMO Bank, N.A. denied purchase applications
First reason the lender reported for each denied home-purchase application.
Where BMO Bank, N.A. lends
| State | Loans | Applications | Purchase denial rate | 30-yr rate* | Loan costs* |
|---|---|---|---|---|---|
| California | 1,711 | 2,254 | 18.5% | 6.625% | $8,020 |
| Illinois | 598 | 829 | 22.6% | 6.750% | $6,390 |
| Wisconsin | 399 | 554 | 20.4% | 6.750% | $3,340 |
| Colorado | 254 | 323 | 17.6% | 6.625% | $4,330 |
| Arizona | 227 | 291 | 17.6% | 6.625% | $7,360 |
| Indiana | 120 | 177 | 25.4% | 6.625% | $3,240 |
| Washington | 112 | 153 | 17.5% | 6.875% | $5,820 |
| Minnesota | 74 | 114 | 27.5% | 6.750% | $4,240 |
| Oregon | 71 | 91 | 18.8% | 6.750% | $6,840 |
| Florida | 68 | 100 | 28.9% | 6.750% | $8,140 |
| Nebraska | 53 | 72 | 9.6% | 6.750% | $3,580 |
| Kansas | 49 | 80 | 24.4% | — | $3,890 |
| Utah | 49 | 60 | 11.8% | 7.000% | $5,350 |
| Missouri | 46 | 68 | 20.8% | 6.625% | $4,580 |
| Nevada | 37 | 53 | 23.3% | 6.625% | $6,790 |
| Iowa | 30 | 44 | 14.3% | — | — |
| New Mexico | 28 | 47 | 30.3% | — | $5,590 |
| Texas | 28 | 47 | 35.9% | — | $8,310 |
| Wyoming | 24 | 28 | 10.0% | — | — |
| New York | 18 | 26 | 33.3% | — | — |
| Oklahoma | 14 | 21 | — | — | — |
| South Dakota | 13 | 17 | — | — | — |
| Virginia | 11 | 13 | — | — | — |
| Idaho | 10 | 17 | — | — | — |
| New Jersey | 10 | 12 | — | — | — |
| Tennessee | 9 | 17 | — | — | — |
| North Dakota | 9 | 13 | — | — | — |
| Massachusetts | 9 | 11 | — | — | — |
| Maryland | 7 | 9 | — | — | — |
| North Carolina | 7 | 9 | — | — | — |
| Ohio | 6 | 11 | — | — | — |
| Georgia | 5 | 10 | — | — | — |
| Connecticut | 5 | 7 | — | — | — |
| Montana | 5 | 7 | — | — | — |
| South Carolina | 5 | 7 | — | — | — |
| Michigan | 5 | 5 | — | — | — |
| Mississippi | 3 | 5 | — | — | — |
| Pennsylvania | 3 | 4 | — | — | — |
| Arkansas | 2 | 3 | — | — | — |
| Louisiana | 2 | 3 | — | — | — |
| District of Columbia | 2 | 2 | — | — | — |
| Maine | 2 | 2 | — | — | — |
| Vermont | 2 | 2 | — | — | — |
| Kentucky | 1 | 2 | — | — | — |
| New Hampshire | 1 | 2 | — | — | — |
| Alaska | 1 | 1 | — | — | — |
| Alabama | 1 | 1 | — | — | — |
| Hawaii | 1 | 1 | — | — | — |
| Rhode Island | 1 | 1 | — | — | — |
*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open BMO Bank, N.A.'s page for that state.
Counties where BMO Bank, N.A. is a top lender
| County | Rank | Loans | Market share |
|---|---|---|---|
| Bennett County, SD | 1 | 1 | 50.0% |
| Douglas County, SD | 4 | 2 | 7.7% |
| Kit Carson County, CO | 4 | 4 | 6.5% |
| Phillips County, CO | 5 | 3 | 6.0% |
| Golden Valley County, ND | 5 | 1 | 5.9% |
| Potter County, SD | 4 | 1 | 5.9% |
| Sherman County, OR | 4 | 1 | 5.3% |
| Dawes County, NE | 4 | 4 | 4.7% |
| Swift County, MN | 3 | 4 | 4.5% |
| Logan County, CO | 7 | 9 | 4.0% |
| Stevens County, MN | 8 | 3 | 3.9% |
| Platte County, WY | 8 | 3 | 2.2% |
| Cherry County, NE | 8 | 1 | 2.2% |
| Santa Clara County, CA | 9 | 333 | 2.0% |
| Jackson County, MN | 13 | 2 | 2.0% |
Check BMO Bank, N.A. yourself
- FFIEC HMDA Data Browser — the official 2025 records filed under LEI 3Y4U8VZURTYWI1W2K376.
- NMLS Consumer Access — confirm the company and loan officer are licensed in your state.
- CFPB Consumer Complaint Database — search complaints by company name.
- Compare your Loan Estimate from BMO Bank, N.A. with similar 2025 loans.
This is a statistical profile, not a review or recommendation. HMDA data alone cannot show whether a lender complies with fair-lending laws, and a lender's medians depend on the borrowers it serves.
Lenders of similar size
Source: FFIEC/CFPB HMDA 2025 public LAR and filer list. Core segment: owner-occupied, single-family site-built, first-lien, closed-end purchase and refinance loans. Methodology