Bmo Bank National Association
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Bmo Bank National Association 2023 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.

Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher, this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.

Mortgage Company & Address Bmo Bank National Association
111 W. Monroe
Chicago, IL 60603
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 35,666
Total Mortgage Loan Application Amount $12,910,730,000
Average Mortgage Loan Application Amount $322,500
Highest Mortgage Loan Application Amount $26,955,000
Average Applicant Income $167,833
Highest Applicant Income $9,137,000

Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with Bmo Bank National Association. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Bmo Bank National Association's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.

Our HMDA dataset for 2023 breaks down Bmo Bank National Association's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Bmo Bank National Association serves its applicants.

Each category highlights the total number of mortgage applications processed by Bmo Bank National Association, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Bmo Bank National Association's mortgage activity for 2023.

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Mortgage Loan Application Detail Totals for Bmo Bank National Association in 2023

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 10,299 $7,996,475,000 $776,000 $26,955,000 $301,000 $7,188,000
Other Purpose 10,024 $1,821,280,000 $181,000 $18,175,000 $149,000 $9,137,000
Home Improvement 9,261 $1,211,095,000 $130,000 $3,005,000 $138,000 $8,046,000
Cash-out Refinancing 4,318 $1,075,650,000 $249,000 $8,505,000 $135,000 $3,889,000
Refinancing 1,760 $805,660,000 $457,000 $18,005,000 $230,000 $5,100,000
Not Applicable 4 $570,000 $142,000 $225,000 $54,000 $85,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 21,143 $6,315,845,000 $298,000 $18,175,000 $180,000 $9,137,000
Hispanic 4,111 $832,915,000 $202,000 $3,125,000 $126,000 $5,960,000
Not Provided 4,023 $2,416,405,000 $600,000 $26,955,000 $277,000 $7,188,000
Asian 3,451 $2,137,575,000 $619,000 $6,405,000 $259,000 $6,667,000
Black or African American 1,502 $306,540,000 $204,000 $5,495,000 $128,000 $2,112,000
Not applicable 411 $241,505,000 $587,000 $10,005,000 $100,000 $580,000
American Indian or Alaskan Native 258 $58,460,000 $226,000 $3,405,000 $135,000 $1,200,000
Native Hawaiian or Other Pacific Islander 49 $11,445,000 $233,000 $975,000 $138,000 $535,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 34,993 $12,755,315,000 $364,000 $26,955,000 $195,000 $9,137,000
FHA-insured (Federal Housing Administration) 639 $144,405,000 $225,000 $1,045,000 $73,000 $658,000
VA-guaranteed (Veterans Administration) 34 $11,010,000 $323,000 $825,000 $93,000 $243,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 16,620 $6,870,430,000 $413,000 $26,955,000 $220,000 $9,137,000
Application Denied By Financial Institution 10,883 $2,744,765,000 $252,000 $9,725,000 $137,000 $5,223,000
Application Withdrawn By Applicant 4,551 $2,053,825,000 $451,000 $18,175,000 $228,000 $5,973,000
File Closed For Incompleteness 1,886 $379,210,000 $201,000 $6,055,000 $192,000 $8,046,000
Preapproval Approved but not Accepted 547 $363,605,000 $664,000 $7,475,000 $240,000 $1,457,000
Preapproval Denied by Financial Institution 463 $311,205,000 $672,000 $17,505,000 $194,000 $2,809,000
Application Approved But Not Accepted 451 $109,325,000 $242,000 $8,555,000 $146,000 $1,536,000
Loan Purchased By The Institution 265 $78,365,000 $295,000 $655,000 $100,000 $580,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 24,320 $9,854,760,000 $405,000 $26,955,000 $217,000 $9,137,000
Debt-To-Income Ratio 5,094 $1,389,610,000 $272,000 $17,505,000 $91,000 $2,809,000
Credit History 2,406 $262,450,000 $109,000 $5,495,000 $117,000 $5,200,000
Credit Application Incomplete 1,611 $740,335,000 $459,000 $8,005,000 $216,000 $4,901,000
Collateral 1,077 $275,825,000 $256,000 $4,225,000 $227,000 $5,150,000
Other 619 $183,975,000 $297,000 $6,605,000 $194,000 $5,223,000
Unverifiable Information 412 $130,010,000 $315,000 $8,005,000 $195,000 $3,897,000
Insufficient Cash (Downpayment, Closing Cost) 66 $52,350,000 $793,000 $5,885,000 $332,000 $4,233,000
Employment History 61 $21,415,000 $351,000 $2,335,000 $158,000 $2,809,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bmo Bank National Association's 2023 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Bmo Bank National Association's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Illinois, download the full spreadsheet with aggregated HMDA statistics today.

Download the Illinois Lender List