Purchase, Refinance, Home Equity, Jumbo, Fixed, Adjustable, FHA, VA
Min. credit score required:
Min. down payment:
For example, if you apply for a 15-year $400,000 mortgage with an interest rate of 6.15% and a down payment of 10% you would receive $360,000 and make 180 payments of $3,067.14. The total amount paid would be $552,084.
Can apply online. Many customers can apply for a loan online, as well as estimate their mortgage rates and fees.
Several mortgage options. Mortgage products offered by BofA include conventional, FHA, jumbo, VA, refinance, and home equity.
Affordable down payment mortgages are available. If you are low on cash for a down payment but meet the minimum income requirements, BofA can still offer you a loan through their Affordable Loan Solution program. Here, you will find home loans with down payments as low as 3%.
Can’t get a mortgage at every branch. Not all BofA branches are lending centers. About 1,800 BofA locations in 38 states allow you to apply for a loan on-premises.
Missing some important loans. While the selection of mortgages is impressive, you won’t find some popular options like renovation and USDA loans.