A mortgage with an interest rate that stays equivalent

A mortgage with an interest rate that stays equivalent

Fixed-rate home loan

For the whole term for the loan.

Adjustable-rate home loan (ARM)

Also known as a variable-rate home loan, an adjustable-rate mortgage has mortgage loan which could alter sporadically throughout the lifetime of the mortgage relative to alterations in an index including the U.S. Prime Rate or the London Interbank granted speed (LIBOR). Bank of America ARMs use LIBOR whilst the basis for ARM rate of interest alterations.

Your payment per month may fluctuate because of any rate of interest modifications, and a loan provider may charge a lower life expectancy interest for a short percentage of the mortgage term. Many hands have actually a price limit that limits the actual quantity of interest modification allowed during both the modification duration (the 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

Considering purchasing a house? Prequalify now to calculate what you could borrow.

Browse our real-estate Center to find the next house and seek out house values.

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

We already prequalified for the true mortgage loan with Bank of America – just what now?

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

Homebuying options from Bank of installment loans online America

Made to satisfy your family’s requirements

Made to satisfy your family’s requirements

Made to satisfy your family’s requirements

Our calculator is not able to show your outcomes

To recalculate to discover results take to reducing your cost, increasing your deposit or entering a various zip rule. (Note: we provide a number of loan choices beyond the range of the calculator, that will be made to provide outcomes for the absolute most popular loan kinds. )

Our experienced lending experts will be ready to assist you to along with your financing requirements:

Resources and tools

See most of the kinds of home loans we provide

Fixed-rate mortgages

Set interest rate for the lifetime of the mortgage

Your monthly obligations of principal and interest stay the exact same when it comes to life of the mortgage

Adjustable-rate mortgages (ARMs)

Rate of interest may alter sporadically through the loan term

Your payment per month may increase or decrease according to interest modifications

Jumbo Loans

For borrowers requiring 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 Government loans through the Federal Housing management additionally the U.S. Department of Veterans Affairs

Minimal advance payment options with versatile credit and earnings tips

First-time homebuyers

First-time homebuyers

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

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

We’re 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 which help make homeownership a real possibility.

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

Where to find assistance

What are assistance

See our deposit Center to locate 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 homebuyers that are first-time

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 loan choices with reduce re payments.

Programs include home loan choices with reduce re payments.

Programs consist of real estate loan options with lower down re payments.

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