Fixed-rate home loan. A mortgage with an intention price that stays equivalent for the whole term for the loan.

Adjustable-rate home loan (supply)

Also known as a variable-rate home loan, an adjustable-rate home loan has mortgage loan that will alter occasionally through the lifetime of the mortgage relative to alterations in an index for instance the U.S. Prime speed or even the London Interbank granted speed (LIBOR). Bank of America ARMs usage LIBOR since the basis for ARM rate of interest alterations.

Your payment that is monthly may because of any interest changes, and a loan provider may charge a reduced interest for a preliminary part of the mortgage term. Many hands have an interest rate cap that limits the total amount of rate of interest modification allowed during both the modification duration (the right time passed between rate of interest recalculations) therefore the life of the mortgage.

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Our experienced financing professionals are quite ready to assist you to together with your financing requirements:

Resources and tools

See all of the kinds of mortgage loans you can expect

Fixed-rate mortgages

Set interest when it comes to full lifetime of the mortgage

Your monthly premiums of principal and interest stay the exact next same for the life of the mortgage

Adjustable-rate mortgages (ARMs)

Interest may alter occasionally throughout the loan term

Your payment per month may increase or decrease predicated on interest modifications

Jumbo Loans

For borrowers requiring higher loan quantities

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

Affordable Loan Solution В® home loan

Income limitations apply

FHA & VA loans

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

Minimal advance payment options with versatile credit and earnings instructions

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Homebuying options from Bank of America

Built to satisfy your familys requirements

Built to satisfy your familys requirements

Built to satisfy your familys requirements

First-time homebuyers

First-time homebuyers

Had been right right right here to assist you through the procedure with tools and resources.

Had been right right here to greatly help youthrough the procedure with tools and resources.

Were 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 that assist make homeownership a real possibility.

We provide affordable housing support programs which help make homeownership a real possibility.

You can expect affordable housing help programs which help make homeownership a real possibility.

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How to locate assistance

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

Browse our deposit Center to get 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

Minimal deposit options

Minimal advance payment options

Programs consist of real estate loan choices with reduce re payments.

Programs consist of real estate loan choices with reduce re re payments.

Programs consist of real estate loan choices with reduce re re re payments.

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