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      Save on your mortgage with up to $500 off closing costs., footnote *  
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      Open the door to homeownership with a low down payment mortgage.

      Open the door to homeownership with a low down payment mortgage.

      Low Down Payment Mortgages

      Our low down payment mortgages1 can help make buying a home more affordable. Plus, down payment assistance2 may be available for qualified home buyers. Talk to a BMO Mortgage Specialist today to find the loan that’s right for you.

      Call 1-844-219-6003
      Low down payment mortgages section

      Let’s find a low down payment mortgage that’s right for you.

      Buy a home, low down payment mortgage comparison table
      blank Neighborhood Home Loan Product FHA loans Home Possible Housing Finance Agency Program Veterans Affairs
      Key benefits Lowest monthly payments Flexible guideline for getting approved Low rates and down payment assistance2 of $16,000 or more Most down payment assistance2 available and lowest credit score required 100% Financing
      Minimum borrower contribution As little as 1% of purchase price As little as no funds from borrower As little as no funds from borrower As little as 1% of purchase price As little as no funds from borrower
      Down payment and closing cost assistance available $16,000 or more $16,000 or more $16,000 or more $16,000 or more $16,000 or more
      Mortgage insurance required No Yes Yes Yes No
      Minimum credit score 640 580 620 640 580

      Buy a home, Neighborhood Home Loan Product, low down payment mortgage comparison table
      Key benefits Lowest monthly payments
      Minimum borrower contribution As little as 1% of purchase price
      Down payment and closing cost assistance available $16,000 or more
      Mortgage insurance required No
      Minimum credit score 640

      Buy a home, FHA loans, low down payment mortgage comparison table
      Key benefits Flexible guideline for getting approved
      Minimum borrower contribution As little as no funds from borrower
      Down payment and closing cost assistance available $16,000 or more
      Mortgage insurance required Yes
      Minimum credit score 580

      Buy a home, Home Possible, low down payment mortgage comparison table
      Key benefits Low rates and down payment assistance2 of $16,000 or more
      Minimum borrower contribution As little as no funds from borrower
      Down payment and closing cost assistance available $16,000 or more
      Mortgage insurance required Yes
      Minimum credit score 620

      Buy a home, Housing Finance Agency Program, low down payment mortgage comparison table
      Key benefits Most down payment assistance2 available and lowest credit score required
      Minimum borrower contribution As little as 1% of purchase price
      Down payment and closing cost assistance available $16,000 or more
      Mortgage insurance required Yes
      Minimum credit score 640

      Buy a home, Veterans Affairs, low down payment mortgage comparison table
      Key benefits 100% Financing
      Minimum borrower contribution As little as no funds from borrower
      Down payment and closing cost assistance available $16,000 or more
      Mortgage insurance required No
      Minimum credit score 580

      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, completing your application is fast and simple, opens in a new pop-up

      Webinars to help you on your mortgage journey

      Community Impact Webinar Series: Attend one of the upcoming online webinars to hear more details about these programs.

      Helpful tips and advice for homebuyers


      Calculators section

      Calculators

      Our calculators help you compare loans and crunch your numbers.

      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 Bank N.A. fully complies with the S.A.F.E. Act. Learn more about how the S.A.F.E. Act protects you.

      For further information regarding your Mortgage Loan Originator or BMO Bank N.A., please visit www.nmlsconsumeraccess.org blue BMO icon

      Have questions?

      Call 1-844-219-6003
      Monday to Thursday, From 8 A M to 7 P M ( Central Time )Friday, From 8 A M to 6 P M ( Central Time )