BMO Bank National Association mortgage approval rate & lending review
BMO Bank National Association decided 57,373 mortgage applications and funded 35,819 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions BMO Bank National Association reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
BMO Bank National Association at a glance
Approval is 8.2 points below the 72.3% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 81% | 13,083 / 16,202 | 99% | $785K | 12,944 |
| Home improvement loans | 54% | 10,290 / 19,158 | 96% | $105K | 9,893 |
| Cash-out refinance | 66% | 9,541 / 14,399 | 97% | $155K | 9,242 |
| Refinance | 63% | 1,669 / 2,665 | 97% | $955K | 1,625 |
| Investment property purchase | 69% | 1,147 / 1,671 | 99% | $585K | 1,131 |
| Investment cash-out refinance | 36% | 303 / 839 | 96% | $205K | 292 |
| Investment refinance | 51% | 185 / 366 | 96% | $575K | 178 |
| Investment home improvement | 26% | 548 / 2,073 | 94% | $155K | 514 |
BMO Bank National Association lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| California | 62% | $1.23M | 18,024 | 10,989 |
| Illinois | 62% | $155K | 13,765 | 8,353 |
| Wisconsin | 73% | $125K | 6,829 | 4,795 |
| Arizona | 64% | $195K | 3,932 | 2,442 |
| Indiana | 63% | $105K | 2,679 | 1,637 |
| Colorado | 64% | $255K | 2,064 | 1,282 |
| Florida | 55% | $665K | 1,504 | 799 |
| Minnesota | 66% | $155K | 1,273 | 816 |
| Missouri | 63% | $125K | 748 | 456 |
| Washington | 70% | $1.15M | 744 | 513 |
| Kansas | 58% | $105K | 554 | 314 |
| Texas | 77% | $815K | 551 | 419 |
| Nebraska | 68% | $105K | 544 | 362 |
| Oregon | 68% | $795K | 518 | 346 |
| New Mexico | 54% | $115K | 509 | 267 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where BMO Bank National Association lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Los Angeles County, CA | Mortgage lenders | 81% | 1,709 | 1,369 |
| Cook County, IL | Cash-out refinance | 69% | 1,937 | 1,312 |
| Cook County, IL | Home improvement loans | 49% | 2,645 | 1,243 |
| Santa Clara County, CA | Mortgage lenders | 90% | 1,303 | 1,166 |
| Cook County, IL | Mortgage lenders | 76% | 1,238 | 934 |
| Maricopa County, AZ | Mortgage lenders | 83% | 812 | 670 |
| Alameda County, CA | Mortgage lenders | 86% | 711 | 602 |
| Will County, IL | Home improvement loans | 64% | 902 | 560 |
| DuPage County, IL | Cash-out refinance | 73% | 725 | 503 |
| Maricopa County, AZ | Home improvement loans | 54% | 937 | 487 |
| Los Angeles County, CA | Home improvement loans | 41% | 1,151 | 450 |
| Milwaukee County, WI | Cash-out refinance | 78% | 595 | 443 |
The county markets where BMO Bank National Association made the most loans. Each link opens that market with every lender ranked.
Questions about BMO Bank National Association
What is BMO Bank National Association's mortgage approval rate?
BMO Bank National Association approved 64.1% of the 57,373 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 8.2 points below the 72.3% national rate for the same mix of loan types.
How often do borrowers take the loan BMO Bank National Association offers?
Borrowers accepted 97% of the loans BMO Bank National Association approved, against 93% for all home improvement loan lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does BMO Bank National Association make?
The typical home improvement loan loan BMO Bank National Association made was $105K; across all loan types its typical loan ran from $105K to $955K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does BMO Bank National Association lend?
BMO Bank National Association decided applications in 51 of the states Fat Boy Data covers, most of them in California, Illinois and Wisconsin.
Can I apply to BMO Bank National Association directly?
Yes. BMO Bank National Association is a bank or credit union with 988 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show BMO Bank National Association's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how BMO Bank National Association treats applications, then get a rate quote from the lender.