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    BMO Launches Spanish-Language Mortgage Application to Expand Access to Homeownership for Latino Families and Individuals
    • Available digitally or in branch, meeting individuals and families where they are

    CHICAGO, July 10, 2025 /CNW/ - BMO has launched its first Spanish-language mortgage application, available digitally or in branch, to meet clients where they are and expand homeownership access to Latino families and individuals. BMO is committed to delivering exceptional client experiences and to understanding each client's individual needs and ambitions to help them achieve their financial goals.

    The new application empowers families and individuals across the diverse Latino community to manage the mortgage process in their preferred language – from first-time homebuyers to multigenerational Latino households, who often navigate complex financial decisions together. It offers culturally and linguistically relevant tools that reflect the diverse needs of Latino communities, supporting informed decision-making and making real financial progress attainable to more households.

    According to the latest BMO Real Financial Progress Index, nearly 7 in 10 Latinos report that owning a home is one of their most important lifetime financial goals. In 2024, Latino/Hispanic homeownership reached a record high in the U.S., with 9.8 million households and a net gain of 238,000 new homeowners, according to data from the National Association of Hispanic Real Estate Professionals (NAHREP). 

    "Buying a home is one of the most significant investments any person will make in their lifetime. At BMO we believe language should never be a barrier to understanding terms, making informed decisions, and building generational wealth," said Lizzy Diaz-Ortiz, VP of Hispanic/Latino Banking at BMO. "Team BMO is committed to empowering our Latino clients through each step of their homebuying journey by offering services, advice and tools in the language they prefer. We proudly serve Latino communities with trust, dignity, respect, and opportunity, aligned with our Purpose to Boldly Grow the Good in business and life."

    "We're proud to partner with BMO as they take meaningful steps to remove language barriers and empower more Latino families on their path to homeownership," said Gary Acosta, CEO at NAHREP. "This initiative reflects a shared commitment to serve our communities in ways that are practical, inclusive, and aligned with their financial goals." 

    Start your journey today:
    Home buyers can start their application online or connect with a Spanish-speaking mortgage specialist to explore their homeownership options.

    About BMO Financial Group
    BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

    SOURCE BMO US

    For further information: Media Contacts: Shawn Malayter, shawn.malayter@bmo.com; Jessica Garza, jessicag@pacocollective.com

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