BMO · Bank
BMO
Review published mortgage options and requirements, then request a personalized quote from the lender.
Availability: Real estate secured lending outside the listed footprint generally requires a BMO relationship of at least six months at application, with stated Private Bank and employee exceptions. Program-specific restrictions differ: physician loans exclude New York and certain grants use designated census tracts. The footprint list is not a complete lending-state registry. Gateway requires Canadian citizenship and a qualifying BMO relationship; Canadian-credit acceptance does not apply to every mortgage program. Application destination branding and purchase/refinance/construction choices were verified without submitting an application.
At a glance
- Property use
- Primary residence
Still to confirm: Borrower type, Credit requirement, Reserves.
Our take: Pros & Cons
What we like
- BMO publishes fixed-rate, adjustable-rate, jumbo and low-down-payment mortgages, plus construction, physician and Gateway programs.
- Eligible Gateway applicants can use Canadian credit history when they do not have U.S. credit history, subject to Canadian citizenship and BMO relationship conditions.
- Fixed-rate loans offer 10-, 15-, 20- and 30-year terms.
What to consider
- Properties outside BMO’s listed footprint generally require an existing BMO relationship of at least six months; exceptions apply.
- Gateway Canadian-credit acceptance is program-specific and does not establish acceptance of every foreign credit history, ITIN or visa category.
- ARM interest rates and payments may change after the initial fixed period.
AI-generated lender-level assessment based on published information. Not a verified assessment of BMO Physicians’ Mortgage Program; confirm program-specific conditions below.
Additional lender considerations
- BMO offers online applications and access to mortgage specialists.
- Assistance and closing-cost promotions have income, geographic, property, application-date and other restrictions.
- Published U.S. mortgage pages direct borrowers to a specialist for current rates. Calculator illustrations and rate discounts are not standalone advertised mortgage rates.
Newcomer requirements
BMO Physicians’ Mortgage Program
Fit not assessed · Check fit
Verified published requirements for this program. Rate-example assumptions are separate and do not establish eligibility or approval.
- Employment documentation
- We impose no income history requirement (proof of future income, like residency or employment contracts, is required)
- State restrictions
- Published conditions apply. Read the full lender requirements below before applying.
- Property restrictions
- Published conditions apply. Read the full lender requirements below before applying.
- Occupancy
- Primary residence
View full lender requirements
- Employment documentation
- We impose no income history requirement (proof of future income, like residency or employment contracts, is required)
- State restrictions
- Available to qualified licensed medical doctors (including MD - Doctors of Medicine, DDS - Doctor of Dental Surgery, DMD - Doctors of Dental Medicine, and DO - Doctors of Osteopathic Medicine), residents and fellows for the purchase or rate/term refinance of primary residence (1-2 unit, single family, condominium and townhomes) located in all states except New York. Investment properties and second homes are excluded. Physicians that have been practicing for 5-10 years are limited to 95% financing. Physicians that have over 10 years in practice post training (residency and/or fellowship) are not eligible for the Physicians Program. The following states are limited to 95% max LTV: CA, DC, FL, HI, ID, MD, NV and RI.
- Property restrictions
- Available to qualified licensed medical doctors (including MD - Doctors of Medicine, DDS - Doctor of Dental Surgery, DMD - Doctors of Dental Medicine, and DO - Doctors of Osteopathic Medicine), residents and fellows for the purchase or rate/term refinance of primary residence (1-2 unit, single family, condominium and townhomes) located in all states except New York. Investment properties and second homes are excluded.
- Occupancy
- Primary residence
- Other conditions
- Available to qualified licensed medical doctors (including MD - Doctors of Medicine, DDS - Doctor of Dental Surgery, DMD - Doctors of Dental Medicine, and DO - Doctors of Osteopathic Medicine), residents and fellows for the purchase or rate/term refinance of primary residence (1-2 unit, single family, condominium and townhomes) located in all states except New York. Investment properties and second homes are excluded. Physicians that have been practicing for 5-10 years are limited to 95% financing. Physicians that have over 10 years in practice post training (residency and/or fellowship) are not eligible for the Physicians Program. The following states are limited to 95% max LTV: CA, DC, FL, HI, ID, MD, NV and RI. You must provide evidence that employment will start within 90 days of loan closing.
Questions to confirm with the lender (12)
These requirements have not been verified for this program:
- SSN
- ITIN
- U.S. credit history
- Foreign credit history
- No credit history
- Residency / visa
- Minimum credit score
- Minimum down payment
- Income documentation
- Foreign income
- Foreign assets
- Reserves
Requirements last reviewed: Oct 25, 2026 · Official requirements source
Rates and costs
BMO Physicians’ Mortgage Program
Rates are available on request
No reviewed advertised rate example is linked to this program.
How to apply
BMO Physicians’ Mortgage Program
- We impose no income history requirement (proof of future income, like residency or employment contracts, is required)
- Confirm the program's identity, residency, credit and property requirements with the lender.
- Use the official application channel to request pricing for your actual scenario.
- Review the lender's written Loan Estimate, including costs and cash to close.
Published eligibility and availability do not guarantee approval. Confirm membership, relationship, property and occupancy conditions with the lender.
Sources and methodology
About this lender
U.S. purchase and refinance mortgages, including fixed and adjustable rates, jumbo, low-down-payment and specialty programs. The Gateway program offers a Canadian-credit pathway for eligible Canadian citizens with qualifying BMO relationships.
Legal lender: BMO Bank N.A.
Lending channel: Direct lending
Provider type: Bank
Lending channels: Direct lending. Origination status: Not stated.
NMLS identifier: 401052
More lender directory information
Parent: BMO Financial Corp.. Former names: BMO Harris Bank N.A..
Direct application information ↗
Real estate secured lending outside the listed footprint generally requires a BMO relationship of at least six months at application, with stated Private Bank and employee exceptions. Program-specific restrictions differ: physician loans exclude New York and certain grants use designated census tracts. The footprint list is not a complete lending-state registry. Gateway requires Canadian citizenship and a qualifying BMO relationship; Canadian-credit acceptance does not apply to every mortgage program. Application destination branding and purchase/refinance/construction choices were verified without submitting an application.
Directory verified: 2026-10-25 UTC · Official directory source ↗
Official mortgage terms · Profile reviewed: Oct 25, 2026
- Official lender source · Last checked Not confirmed
What do APR, points, LTV and reserves mean?
- APR
- An annualized borrowing-cost measure that includes interest and certain loan charges. Read it alongside the interest rate and fees.
- Discount points
- An upfront charge expressed as a percentage of the loan amount. Compare the quoted interest rate and the points together.
- LTV
- Loan-to-value: the loan amount relative to the property's value.
- Reserves
- Assets the lender may require you to retain after closing. Requirements differ by program.