# BMO Bank National Association

> **Canonical URL:** https://saferate.com/lenders/bmo-bank-national-association


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


BMO Bank National Association is a bank, headquartered in Chicago, IL, serving borrowers nationwide, with 6,181 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 40% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 43% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 3Y4U8VZURTYWI1W2K376
- **Headquarters:** Chicago, IL
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 60/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 57/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.134%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $264
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 6,181
- **Dollar Volume:** $5.7 billion
- **Applications Received:** 10,629
- **Market Share:** 17.00%

## Typical Borrower Profile

- **Average Loan Amount:** $915,566
- **Average Borrower Income:** $359,675
- **Average Property Value:** $1,253,286

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **Jumbo Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 77/100 | 3,417 | +0.237% | $809 | Strong 😀 |
| FHA | 67/100 | 169 | +0.640% | $1,338 | Strong 😀 |
| VA | 40/100 | 17 | +0.063% | $2,700 | Sound ☺️ |
| Jumbo | 96/100 | 2,578 | -0.060% | $-645 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,938 loans, Score: 78/100 (Strong)
- Refinance: 479 loans, Score: 71/100 (Strong)

**FHA:**
- Purchase: 153 loans, Score: 67/100 (Strong)

**Jumbo:**
- Purchase: 2,322 loans, Score: 96/100 (Exceptional)
- Refinance: 256 loans, Score: 91/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 84/100 | 5,429 | $5.0B | +0.118% | Exceptional 🤩 |
| Refinance | 77/100 | 752 | $622M | +0.258% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 2,800 | 0.98% | 86/100 |
| IL | 582 | 0.47% | 77/100 |
| WI | 378 | 0.57% | 75/100 |
| AZ | 308 | 0.31% | 70/100 |
| CO | 286 | 0.34% | 69/100 |
| WA | 206 | 0.24% | 68/100 |
| TX | 189 | 0.05% | 59/100 |
| FL | 160 | 0.05% | 56/100 |
| IN | 109 | 0.12% | 58/100 |
| OR | 100 | 0.23% | 62/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| San Jose | CA | 687 | 94/100 |
| Los Angeles | CA | 562 | 82/100 |
| Oakland | CA | 479 | 88/100 |
| Chicago | IL | 453 | 77/100 |
| Non |  | 358 | 63/100 |
| San Francisco | CA | 281 | 89/100 |
| Phoenix | AZ | 239 | 69/100 |
| Denver | CO | 203 | 69/100 |
| Anaheim | CA | 190 | 74/100 |
| Milwaukee | WI | 160 | 71/100 |
| Seattle | WA | 120 | 67/100 |
| Sacramento | CA | 111 | 64/100 |
| San Diego | CA | 104 | 63/100 |
| Riverside | CA | 94 | 60/100 |
| Indianapolis | IN | 65 | 58/100 |

## Where This Lender Ranks

BMO Bank National Association appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Nebraska for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/nebraska/best-mortgage-lenders/banks/jumbo-loans)
- 🥈 **#2** in Omaha, NE for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/banks/jumbo-loans)
- 🥉 **#3** in Tucson, AZ for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/tucson-az/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Oakland for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/oakland/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Arizona for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/arizona/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Phoenix for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/phoenix/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Milwaukee for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/milwaukee/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Sacramento for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/sacramento/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in New Mexico for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-mexico/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Los Angeles for Jumbo Loans
  - [View Full Rankings](https://saferate.com/los-angeles/best-mortgage-lenders/jumbo-loans)
- 🏆 **#5** in Los Angeles for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/los-angeles/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Wisconsin for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/wisconsin/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Arizona for Jumbo Loans
  - [View Full Rankings](https://saferate.com/arizona/best-mortgage-lenders/jumbo-loans)
- 🏆 **#5** in Colorado for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/colorado/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Phoenix for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/phoenix/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Phoenix for Jumbo Loans
  - [View Full Rankings](https://saferate.com/phoenix/best-mortgage-lenders/jumbo-loans)
- 🏆 **#5** in Denver for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/denver/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Oregon for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/oregon/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Omaha, NE for Jumbo Loans
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/jumbo-loans)
- 🏆 **#5** in Tucson, AZ for Jumbo Loans
  - [View Full Rankings](https://saferate.com/tucson-az/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does BMO Bank National Association offer?

BMO Bank National Association offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does BMO Bank National Association offer mortgages?

BMO Bank National Association is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are BMO Bank National Association's mortgage rates?

BMO Bank National Association has a pricing score of 60/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.134% above market average.

### What type of lender is BMO Bank National Association?

BMO Bank National Association is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Chicago, IL.

### What is BMO Bank National Association's loan approval success rate?

BMO Bank National Association has a pull-through score of 57/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bmo-bank-national-association

### How to Cite

> "BMO Bank National Association Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bmo-bank-national-association

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