You DO NOT have to be a First Time Homebuyer!

Must be Owner Occupied - NOT a 2nd Home or Investment!

You may use Secondary Financing, including Second Mortgages and Grants

 

Reserves are NOT required in most cases

 

 

                 Bank of America
Community Affordable Loan Solution

Bank of America has set aside $500 Million for the Affordable Loan Solution Program.  

Brick house

Maximum Loan Amount - $453,100

Income Requirements - 100% of the HUD median income for the area.

Must take a Homebuyer Course

NO Private Mortgage Insurance

Non Traditional Credit accepted