Lender profile · HMDA 2023–2025
BMO Bank National Association mortgage approval rates & lending data
BMO Bank National Association decided 57,373 mortgage applications and funded 35,819 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval 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 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.