BMO Will Not Approve Mobile Home Mortgages

The Mohawk Council of Akwesasne (MCA) is notifying the community that the Bank of Montreal - On-Reserve Housing Loan Program (ORHL) will no longer approve mortgages for any type of mobile home (single or doublewide trailers).

The Bank of Montreal (BMO) views the purchase of a mobile home as a high-risk investment that does not comply with the terms of the loan program agreement that MCA has with BMO.

Please understand this notice applies to new applications only and does not affect existing mortgages. We apologize for any confusion regarding the eligibility of home mortgages. Should you require any assistance with your housing loan/mortgage application, please contact MCA’s Department of Housing at613-575-2250 Ext. 2300.