A mortgage with an intention price that stays exactly the same

Fixed-rate home loan

When it comes to whole term associated with the loan.

Adjustable-rate mortgage (supply)

Also referred to as a variable-rate home loan, an adjustable-rate home loan has mortgage loan which will alter sporadically throughout the lifetime of the mortgage according to alterations in an index for instance the U.S. Prime speed or the London Interbank granted speed (LIBOR). Bank of America ARMs use LIBOR due to the fact basis for ARM rate of interest corrections.

Your payment per month may fluctuate because of any interest modifications, and a loan provider may charge a reduced rate of interest for a short part of the mortgage term. Most hands have actually a rate limit that limits the quantity of rate of interest modification allowed during both the modification duration (the right time taken between rate of interest recalculations) while the life of the mortgage.

Your prequalification

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The home loan procedure, now online

Thinking about purchasing a property? Prequalify now to calculate what you could borrow.

Browse our real-estate Center to find your following house and look for house values.

Submit an application for funding and obtain the mortgage that fits your needs.

I already prequalified for the mortgage loan with Bank of America – exactly what now?

View your prequalification page layer, or speak to your lending officer about using the next actions towards house funding

Homebuying options from Bank of America

Made to satisfy your family’s requirements

Built to satisfy your family’s requirements

Made to satisfy your family’s requirements

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Our experienced financing experts are quite ready to assist you to along with your financing requirements:

Resources and tools

See all of the forms of mortgage loans you can expect

Fixed-rate mortgages

Set rate of interest when it comes to lifetime of the mortgage

Your monthly premiums of principal and interest remain the exact same for the lifetime of the mortgage

Adjustable-rate mortgages (ARMs)

Rate of interest might alter occasionally throughout the loan term

Your payment that is monthly may or decrease considering interest modifications

Jumbo Loans

For borrowers needing greater loan quantities

Available as fixed-rate or loans that are adjustable-rate

Affordable Loan Solution ® home loan

Income limitations apply

FHA & VA loans

Federal federal federal Government loans through the Federal Housing Administration plus the U.S. Department of Veterans Affairs

Minimal advance payment options with versatile income and credit recommendations

First-time homebuyers

First-time homebuyers

We’re right here to assist you through the procedure with tools and resources.

We’re right here to assist youthrough the method with tools and resources.

We’re right right right here that will help you through the procedure with tools and resources.

Our Homeownership Commitment

Our Homeownership Commitment

We provide affordable housing support programs that assist make homeownership a real possibility.

You can expect affordable housing support programs that assist make homeownership a real possibility.

We provide affordable housing support programs that assist make homeownership a real possibility.

What are assistance

Where to find assistance

See our Down Payment Center to locate programs in a state for modest-income and first-time homebuyers

See our deposit Center to get programs in your state for modest-income and first-time homebuyers

Browse our deposit Center to locate programs in a state for modest-income and first-time homebuyers

Minimal down payment options

Low deposit options

Programs consist of home loan options with reduce re re re payments.

Programs include real estate loan choices with reduce re payments.

Programs include home loan choices with online installment loans reduce re payments.