Fixed-rate home loan
When it comes to term that is entire of loan.
Adjustable-rate home loan (ARM)
Also referred to as a mortgage that is variable-rate an adjustable-rate home loan has mortgage loan which could alter occasionally through the life of the mortgage according to alterations in an index like the U.S. Prime speed or perhaps the London Interbank granted speed (LIBOR). Bank of America ARMs usage LIBOR due to the fact basis for ARM interest alterations.
Your payment that is monthly may because of any rate of interest modifications, and a loan provider may charge a lower life expectancy rate of interest for a short part of the mortgage term. Many hands have actually an interest rate limit that limits the quantity of interest rate modification allowed during both the modification period (the right time passed between rate of interest recalculations) as well as the lifetime of the mortgage.
Your prequalification
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The home loan process, now online
Considering purchasing a house? Prequalify now to calculate everything you can borrow.
Visit our property Center to find your following house and search for house values.
Make an application for funding and acquire the mortgage that fits your needs.
We already prequalified for the mortgage loan with Bank of America – just just what now?
View your prequalification page layer, or speak to your lending officer about using the steps that are next house funding
Homebuying options from Bank of America
Built 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 lending professionals are prepared to allow you to together with your financing requirements:
Resources and tools
See all of the forms of mortgage loans we provide
Fixed-rate mortgages
Set rate of interest for the life of the mortgage
Your monthly obligations of principal and interest stay exactly the same when it comes to lifetime of the mortgage
Adjustable-rate mortgages (ARMs)
Rate of interest might change occasionally throughout the loan term
Your payment may increase or decrease centered on interest modifications
Jumbo Loans
For borrowers requiring higher loan quantities
Available as fixed-rate or loans that are adjustable-rate
Affordable Loan Solution ® mortgage
Income limitations apply
FHA & VA loans
Federal federal federal Government loans through the Federal Housing management and also the U.S. Department of Veterans Affairs
Minimal advance payment options with versatile credit and earnings recommendations
First-time homebuyers
First-time homebuyers
We’re right here to assist you through the method with tools and resources.
We’re right here to assist youthrough the procedure with tools and resources.
We’re right right here to assist you through the procedure with tools and resources.
Our Homeownership Commitment
Our Homeownership Commitment
We provide affordable housing support programs which help make homeownership a real possibility.
We provide affordable housing support programs that assist make homeownership a real possibility.
You can expect affordable housing support programs which help make homeownership a real possibility.
What are assistance
How to locate help
See our deposit Center to locate programs in a state for modest-income and homebuyers that are first-time
Browse our deposit Center to get programs in a 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 advance payment options
Minimal advance payment options
Programs consist of home mortgage options with reduce re re payments.
Programs consist of home mortgage choices with reduce re re payments.
Programs consist of home mortgage choices with lower down re re re payments.