BMO launches Spanish-language mortgage application to expand access to homeownership

At BMO, we are committed to helping our clients and communities make real financial progress. Homeownership is one of the most significant financial goals for many families and that’s why we’re proud to launch our first Spanish-language mortgage application, available both digitally and in-branch. This new offering empowers Latino clients to navigate the mortgage process in the language they prefer, helping make homeownership more accessible and achievable.     

 According to the latest BMO Real Financial Progress Index, nearly 7 in 10 Latinos report owning a home is one of their top 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 the National Association of Hispanic Real Estate Professionals (NAHREP), demonstrating that Latino households across the United States continue to prioritize homeownership as a pathway to long-term stability and generational progress.    

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.     

“Buying a home is one of the most significant investments any person will make in their lifetime. Language should not stand in the way of understanding terms, making informed decisions, and building generational wealth. Team BMO is committed to empowering our Latino clients through their homebuying journey by offering 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.”

– Lizzy Diaz-Ortiz
VP of Hispanic/Latino Banking, BMO

To learn more about BMO is supporting Latino families in making real financial progress, visit BMO.com.