BMO partners with various non-profit agencies to offer first time home buyers, on average, $6,000 in down payment assistance. Financial education combined with this assistance sets up future homeowners for success and allows them to save their money for the unexpected.
BMO’s participation in the I-REFI program helps customers “underwater” on their home mortgage by providing up to $50,000 in assistance, per household, to reduce their principal balance. The program has had a significant impact in bringing financial stability to families in need, as highlighted in this customer testimonial:
Find out more information about all of BMO’s mortgage products.
BMO Community Development programs
See an overview of BMO Community Development activities, including our use of debt and equity partnerships, and financing on projects with government funding programs.