Name of the lender

BMO Harris Bank NAMortgage rates, total loan costs and denial rate, 2025

HMDA year2025

Years filed2018 to 2025

Head office: Chicago, IL
Reporting agency: Consumer Financial Protection Bureau (CFPB)
Legal Entity Identifier (LEI)

Figures by state (CSV)

BMO Harris Bank NA reported 35,661 mortgage applications in the HMDA data of 2025.

It originated 16,529 loans in 2025, for $6.7 billion in total.

The median interest rate of its loans in 2025 was 6.375%, and the national median was 6.375%.

The median total loan costs of its loans in 2025 were $5,876, and the national median was $6,413.

It denied 40.5% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of BMO Harris Bank NA, 2025
Figure	This lender	United States
Applications	35,6610.3% of the US total	11,766,671
Loans originated	16,529$6.7 billion	6,827,891
Median interest rate	6.375%	6.375%
Median total loan costs	$5,876	$6,413
Denial rate	40.5%	22.6%

HMDA data are generally not used alone to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions.
The words of the Consumer Financial Protection Bureau (CFPB). Source: Consumer Financial Protection Bureau, Summary of 2023 Data on Mortgage Lending (11 July 2024), copied on 2 Oct 2026. The figures on this page are from the HMDA data of 2025, the snapshot dataset.

Since the last update

No change on record

No tracked figure of this lender has changed since this site started its record. The record compares each update of the HMDA data with the update before it. The record of updates.

PricingMedians of 2025 loans

Interest rate and total loan costs of BMO Harris Bank NA by loan type, 2025Medians. Each value has the national median of the same loan type under it.
Loan type	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
All loans	4,677	6.375%US 6.375%	$5,876US $6,413	0.062US 0.161
Conventional	4,428	6.375%US 6.500%	$5,674US $5,393	0.046US 0.175
FHA-insured	235	6.500%US 6.250%	$10,278US $11,084	0.533US 0.432

Interest rate and total loan costs of BMO Harris Bank NA by loan purpose, 2025Medians, with the national median under each value.
Loan purpose	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
Home purchase	3,541	6.375%US 6.500%	$6,552US $6,632	0.069US 0.169
Home improvement	28	6.438%US 6.750%	$6,527US $2,827	0.088US 0.594
Refinancing	645	5.875%US 5.999%	$3,970US $4,883	−0.064US −0.069
Cash-out refinancing	332	6.750%US 6.500%	$4,032US $8,095	0.334US 0.376
Other purpose	131	6.500%US 6.625%	$4,047US $3,894	0.227US 0.527

Parts of the total loan costs of BMO Harris Bank NA by loan type, 2025Medians, with the national median under each value.
Loan type	Origination charges	Discount points, of the loans with points	Lender credits, of the loans with credits
All loans	$1,250US $2,062	$1,406US $2,823	$1,000US $567
Conventional	$1,250US $1,981	$1,425US $2,588	$966US $604
FHA-insured	$1,584US $2,831	$908US $3,270	$1,000US $567

The median rate spread of these loans was 0.062 percentage points above the average prime offer rate (APOR). On a loan of $300,000, that is about $186 more a year, or $16 more a month. The national median spread was 0.161 points.

The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different. What a rate spread is.

Median interest rate by year: BMO Harris Bank NA and the United States

BMO Harris Bank NAUnited States

Action takenHMDA codes and labels

Records of BMO Harris Bank NA by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	16,529	43.6%	50.4%
2Application approved but not accepted	547	1.4%	3.1%
3Application denied	11,613	30.6%	15.6%
4Application withdrawn by applicant	4,396	11.6%	12.6%
5File closed for incompleteness	2,576	6.8%	5.1%
6Purchased loan	424	1.1%	11.7%
7Preapproval request denied	680	1.8%	0.4%
8Preapproval request approved but not accepted	1,130	3.0%	1.1%

The denial rate is code 3 divided by codes 1, 2 and 3: the applications that the lender decided. Codes 4 and 5 are applications with no decision. Code 6 is a loan that the lender bought.

Denial reasonsFirst reason coded

Denials of BMO Harris Bank NA by the first reason that it coded, 2025
Denial reason	Denials	Share	US share
1Debt-to-income ratio	5,998	51.6%	32.7%
2Employment history	28	0.2%	0.9%
3Credit history	2,502	21.5%	25.6%
4Collateral	1,161	10.0%	13.8%
5Insufficient cash (downpayment, closing costs)	47	0.4%	2.3%
6Unverifiable information	502	4.3%	4.2%
7Credit application incomplete	699	6.0%	12.0%
8Mortgage insurance denied	0	0.0%	0.0%
9Other	676	5.8%	8.5%

A lender can code up to four reasons for a denial. This table counts the first reason only.

Loan types and purposesLoans of 2025

Applications of BMO Harris Bank NA by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	35,023	16,280	40.3%US 23.4%
FHA-insured	603	235	51.5%US 21.8%
VA-guaranteed	35	14	46.2%US 16.2%

Applications of BMO Harris Bank NA by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	6,849	3,915	23.7%
Home improvement	10,832	4,209	25.5%
Refinancing	1,315	683	4.1%
Cash-out refinancing	8,332	4,775	28.9%
Other purpose	8,333	2,947	17.8%

The denial rate of a loan type is the denied applications divided by the decided applications of that type. It is "n/a" under 25 decided applications.

States where it lends34 states with 25 applications or more

BMO Harris Bank NA by state, 2025In order of the names. A state with 100 applications or more links to the lender's page for the state.
State	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate
Arizona	2,130	962	6.375%	$7,264	41.0%
California	9,453	3,818	6.000%	$6,794	45.7%
Colorado	1,734	755	6.375%	$4,594	42.7%
Florida	838	285	6.125%	$7,925	53.7%
Georgia	65	15	n/a	n/a	75.4%
Idaho	84	34	n/a	n/a	47.0%
Illinois	8,007	3,906	6.500%	$6,370	39.4%
Indiana	1,928	1,029	6.750%	$3,494	34.4%
Iowa	439	193	6.750%	$3,974	40.7%
Kansas	484	223	6.563%	$3,880	43.4%
Maryland	34	11	n/a	n/a	60.7%
Massachusetts	33	14	n/a	n/a	n/a
Michigan	48	22	n/a	n/a	43.9%
Minnesota	1,046	487	6.750%	$4,459	41.4%
Missouri	652	324	6.563%	$4,281	37.8%
Nebraska	609	297	6.750%	$3,619	37.1%
Nevada	266	105	6.500%	$6,616	45.5%
New Jersey	36	16	n/a	n/a	50.0%
New Mexico	441	162	6.875%	$5,591	49.8%
New York	53	26	5.375%	$8,141	38.1%
North Carolina	55	17	n/a	n/a	56.1%
North Dakota	66	32	n/a	n/a	32.7%
Ohio	36	9	n/a	n/a	68.8%
Oklahoma	176	61	n/a	n/a	55.0%
Oregon	413	173	6.375%	$6,726	44.6%
South Carolina	42	18	n/a	n/a	44.1%
South Dakota	92	49	n/a	n/a	33.3%
Tennessee	71	25	n/a	n/a	54.5%
Texas	85	35	6.250%	$9,148	35.7%
Utah	171	82	6.500%	$5,520	34.9%
Virginia	33	19	n/a	n/a	38.7%
Washington	435	190	6.500%	$5,761	42.9%
Wisconsin	5,202	2,970	6.625%	$3,465	29.9%
Wyoming	218	98	6.625%	$3,816	41.1%

Counties of BMO Harris Bank NA with 50 applications or more, 2025In order of the names. The list has the 30 counties with the most loans of the lender.
County	Applications	Loans originated	Amount	Denial rate
Alameda County, CA	870	334	$258 million	44.4%
Brown County, WI	222	118	$23.1 million	33.3%
Contra Costa County, CA	598	271	$168 million	40.6%
Cook County, IL	3,482	1,583	$402 million	43.2%
Dane County, WI	412	226	$53.4 million	30.0%
Denver County, CO	238	125	$63.1 million	32.8%
Douglas County, NE	259	137	$20.3 million	34.9%
DuPage County, IL	1,049	558	$129 million	32.6%
Hamilton County, IN	302	183	$35.7 million	24.3%
Hennepin County, MN	311	147	$40.4 million	40.5%
Kane County, IL	644	291	$50.9 million	42.2%
Lake County, IL	567	285	$76.9 million	37.5%
Lake County, IN	416	188	$25.0 million	41.5%
Los Angeles County, CA	2,207	839	$866 million	48.9%
Maricopa County, AZ	1,334	623	$265 million	39.7%
Marion County, IN	390	200	$26.9 million	37.5%
McHenry County, IL	570	298	$46.6 million	36.1%
Milwaukee County, WI	970	526	$86.2 million	34.1%
Orange County, CA	754	293	$293 million	48.2%
Ozaukee County, WI	200	129	$26.8 million	19.9%
Pima County, AZ	304	138	$29.0 million	37.0%
Rock County, WI	206	122	$17.4 million	28.8%
San Joaquin County, CA	403	160	$35.6 million	47.6%
San Mateo County, CA	360	176	$259 million	32.0%
Santa Clara County, CA	1,082	503	$614 million	35.5%
Stanislaus County, CA	313	121	$21.7 million	51.8%
Washington County, WI	220	153	$30.8 million	21.8%
Waukesha County, WI	470	293	$134 million	24.3%
Will County, IL	1,048	589	$89.5 million	32.6%
Winnebago County, IL	269	142	$14.0 million	35.8%

Figures by yearHMDA 2022 to 2025

BMO Harris Bank NA by HMDA year"n/a" shows a year with fewer than 25 applications, or a year that this site does not process.
Year	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate	Records filed
2025	35,661	16,529	6.375%	$5,876	40.5%	37,895
2024	39,870	18,166	6.500%	$6,162	40.0%	42,165
2023	34,391	16,620	6.250%	$6,045	38.9%	35,666
2022	28,089	13,672	4.375%	$4,862	36.9%	29,061
2021	n/a	n/a	n/a	n/a	n/a	29,518
2020	n/a	n/a	n/a	n/a	n/a	26,664
2019	n/a	n/a	n/a	n/a	n/a	31,640
2018	n/a	n/a	n/a	n/a	n/a	34,689

Records filed is the count on the lender's HMDA transmittal sheet. It includes purchased loans and requests for preapproval.

Denial rate by year: BMO Harris Bank NA and the United States

BMO Harris Bank NAUnited States

VA lender statisticsLoans that VA guaranteed, by month

VA-guaranteed loans of BMO HARRIS BANK N.A., Sep 2025 to Aug 2026National figures from the Department of Veterans Affairs. VA counts a loan in the month of the guarantee.
Month	All	Purchase	Cash-out refinance	IRRRL
August 2026	0	0	0	0
July 2026	0	0	0	0
June 2026	0	0	0	0
May 2026	0	0	0	0
April 2026	0	0	0	0
March 2026	0	0	0	0
February 2026	0	0	0	0
January 2026	0	0	0	0
December 2025	0	0	0	0
November 2025	0	0	0	0
October 2025	0	0	0	0
September 2025	0	0	0	0

IRRRL is the VA Interest Rate Reduction Refinance Loan. The VA name of the lender is "BMO HARRIS BANK N.A.". Every month.

Peer lenders12 lenders

These lenders originated a count of loans close to the count of this lender, in the same states. The site compares the applications of each lender by state. The list is not a ranking.

AmWest Funding CorpBrea, CA
Better Mortgage CorporationNew York, NY
Carrington Mortgage Services LLCOrange, CA
Citibank, NANew York, NY
Coastal Community BankEverett, WA
Guaranteed Rate Affinity, LLCChicago, IL
HomeBridge Financial Services, IncIselin, NJ
Lakeview Loan Servicing, LLCCoral Gables, FL
Ocmbc, Inc.Irvine, CA
Paramount Residential MortgageCorona, CA
Schoolsfirst FCUTustin, CA
Sofi Bank, National AssociationFrisco, TX

Official channelsLinks checked 2 Oct 2026

HMDA Data Browser (FFIEC and CFPB)The HMDA records of this lender, with a CSV download.
Submit a complaint (Consumer Financial Protection Bureau)The CFPB form for a complaint about a mortgage or a lender.

Cite this page

Page: Lender Register, "BMO Harris Bank NA mortgage rates and denial rate, 2025", https://lenderregister.com/lender/3y4u8vzurtywi1w2k376-bmo-harris-bank-na/
Lender: BMO Harris Bank NA, LEI 3Y4U8VZURTYWI1W2K376
Source: Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025, snapshot dataset
Data date: HMDA year 2025. Page made 2 Oct 2026.

Provenance

The figures come from the public HMDA loan/application register of 2022 to 2025. The count of records filed comes from the transmittal sheets of 2018 to 2025. The FFIEC and the CFPB publish them at ffiec.cfpb.gov. The name, the head office and the agency are from the newest transmittal sheet of the LEI. The VA figures are from the VA lender statistics.

This site withholds a figure with fewer than 25 applications and a median with fewer than 20 loans. Method of the figures. Terms. Report an error.

Questions

How many loans did BMO Harris Bank NA buy from other lenders in 2025?: It reported 424 purchased loans. HMDA counts a purchased loan apart from the applications, so the denial rate does not include it.
Which denial reasons did BMO Harris Bank NA code most often in 2025?: The first reasons that it coded most often were debt-to-income ratio (5,998), credit history (2,502) and collateral (1,161).
In which states did BMO Harris Bank NA originate the most loans in 2025?: The three states with the most loans were Illinois (3,906), California (3,818) and Wisconsin (2,970). It had 25 applications or more in 34 states.
Which loan types did BMO Harris Bank NA originate in 2025?: 16,280 conventional, 235 FHA and 14 VA.