Fixed-rate mortgage
For the term that is entire of loan.
Adjustable-rate mortgage (ARM)
Also known as a mortgage that is variable-rate an adjustable-rate home loan has mortgage loan that will alter sporadically through the lifetime of the mortgage according to alterations in an index like the U.S. Prime Rate or even the London Interbank granted speed (LIBOR). Bank of America ARMs usage LIBOR while the basis for ARM rate of interest alterations.
Your payment that is monthly may as the result of any rate of interest modifications, and a loan provider may charge a reduced rate of interest for a preliminary percentage of the mortgage term. Many hands have actually an interest rate limit that limits the quantity of rate of interest modification allowed during both the modification duration (the time passed between interest recalculations) while the life of the mortgage.
Your prequalification
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The home loan procedure, now online
Considering purchasing a property? Prequalify now to calculate what you could borrow.
Visit our real-estate Center to find your following house and look for home values.
Submit an application for financing and acquire the mortgage that fits your needs.
We already prequalified for the browse around this website mortgage with Bank of America – exactly what now?
View your prequalification page layer, or speak to your lending officer about using the steps that are next home funding
Homebuying options from Bank of America
Built to satisfy your family’s needs
Built to satisfy your family’s needs
Built to satisfy your family’s requirements
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To recalculate to see outcomes take to cutting your cost, increasing your deposit or entering a various zip rule. (Note: you can expect an array of loan choices beyond the range with this calculator, that will be built to provide outcomes for the absolute most popular loan kinds. )
Our experienced financing professionals are quite ready to allow you to together with your financing requirements:
Resources and tools
See most of the kinds of mortgage loans you can expect
Fixed-rate mortgages
Set rate of interest for the life of the mortgage
Your monthly premiums of principal and interest stay the exact same for the full lifetime of the mortgage
Adjustable-rate mortgages (ARMs)
Interest might alter occasionally throughout the loan term
Your payment that is monthly may or decrease predicated on rate of interest modifications
Jumbo Loans
For borrowers requiring greater loan quantities
Available as fixed-rate or adjustable-rate loans
Affordable Loan Solution ® home loan
Income limitations apply
FHA & VA loans
Federal federal Government loans through the Federal Housing management while the U.S. Department of Veterans Affairs
Minimal advance payment options with versatile income and credit instructions
First-time homebuyers
First-time homebuyers
We’re right here to assist you through the procedure with tools and resources.
We’re right right here to simply help 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 help programs that assist make homeownership a real possibility.
You can expect affordable housing help programs that assist make homeownership a real possibility.
You can expect affordable housing support programs which help make homeownership a real possibility.
How to locate assistance
How to locate help
See our deposit Center to locate 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 first-time homebuyers
Browse our deposit Center to locate programs in your state for modest-income and homebuyers that are first-time
Low advance payment options
Low advance payment options
Programs consist of real estate loan choices with lower down re re payments.
Programs consist of real estate loan choices with reduce re payments.
Programs consist of home mortgage choices with reduce re re payments.
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