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BMO Commits $2 Million to Help Households in Underserved California Communities Make Progress for Homeownership

/PRNewswire/ - BMO today announced a $2 million commitment to expand its Welcome Home Grant program, helping households in underserved California communities.

Grants for homebuyers who live and buy in certain areas

To qualify, the buyer needs to actually live in the home, and the house needs to be located in a low to moderate census tract.

BMO unveils $40B community benefits plan ahead of Bank of the West deal

BMO Extends Welcome Home Grant Down Payment Program for Homebuyers in Chicago, Phoenix

BMO Harris Bank Launches Down Payment Grant Program In Chicago, Phoenix

BMO Harris Bank today launched its Welcome Home Grant down payment program in two cities, Chicago and Phoenix, offering grants to eligible borrowers to assist with down payment and closing costs. When paired with other home financing programs, eligible borrowers in Chicago can receive up to $20,000 in combined assistance, BMO said. With the help of these programs, Chicago homebuyers can contribute as little as $1,000 from their own funds and lock in a 30-year fixed-rate mortgage, it said. 

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