We can connect you to tools and resources to help serve your clients better. Proud supporter of the Asian Real Estate Association of America Let’s work together. Whether your clients meet with a mortgage specialist in person or go online, with a Bank of America mortgage, your clients will know where they stand every step of the way. Put our knowledge to work for you with access to the Agent Resource Center, providing the latest market insights, educational materials and more.
Help clients build financial know-how with our free financial education webinars at bankofamerica.com/webinars, or through engaging, self-paced videos at BetterMoneyHabits.com.
Work with an experienced mortgage specialist who understands your local market and will help your clients every step of the way.
Find out about local down payment and cost savings programs that can be combined with most home loans to help make home buying more affordable for your clients at bankofamerica.com/downpaymentcenter.2
We offer loans at competitive rates to meet your clients’ needs, from loans with a low down payment to jumbo loans.1
Learn about the Affordable Loan Solution™ mortgage, a fixed-rate loan for low- and moderateincome homebuyers with a down payment as low as 3% to help make buying a home more affordable.3
Contact a Bank of America mortgage loan specialist, or visit bankofamerica.com/neighborhoodlending today.
For jumbo loan amounts used to purchase a single-family residence on a loan amount of less than $1 million, borrower must provide documentation totaling a minimum reserve of 6 months of principal, interest, taxes, homeowners/hazard insurance and assessments (homeowner’s association fees/dues/special assessments) – (“PITIA”) related to subject loan/property. For loan amounts greater than $1 million and up to $2 million, documentation totaling a minimum reserve of 12 months of PITIA is required. Interest-only payment option, property and/or occupancy type may require a higher level of reserves, please ask for details. For loan amounts greater than $2 million and less than or equal to $3 million, borrower must provide documentation of reserves totaling a minimum of 24 months of PITIA related to subject loan/property. For loan amounts greater than $3 million, the same reserves are required and must be held in a Bank of America and/or its affiliates (Merrill Lynch and/or U.S. Trust) account. Two separate full appraisals are required. Excellent credit required, including proof of recent consistent mortgage payment history. Loan to value and property type restrictions apply, ask for details. Not available on all loan programs. Other restrictions apply. 2 Down payment and/or closing cost assistance programs may not be available in your area. Down payment and/or closing cost assistance amount may be due upon sale, refinance, transfer, or repayment of the loan, or if the senior mortgage is assumed during the term of the loan. Some programs require repayment with interest, and borrowers should become fully informed prior to closing. Not all applicants will qualify. Minimum credit scores may apply. Sales price restrictions and income requirements may apply. Homebuyer education may be required. Owner-occupied properties only. Maximum loan amounts may apply. 3 Available for fixed-rate purchase loans with terms of 25 or 30 years and on primary residences only. Certain property types are ineligible. Borrower(s) must not have an individual or joint ownership interest in any other residential property at time of closing. Maximum purchase loan-to-value is 97% and maximum combined purchase loan-to-value is 103%. For loan-tovalues > 95%, any secondary financing must be from an approved Community Second Program; ask for details. Homebuyer education may be required. Restrictions apply regarding co-borrowers. Maximum income and loan limits apply. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Bank of America, N.A., Member FDIC. Equal Housing Lender. ©2016 Bank of America Corporation. AR5KLKR5 AD-06-16-0316 06-2016 THIS INFORMATION IS NOT INTENDED OR AUTHORIZED FOR CONSUMER DISTRIBUTION. 1