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You DO NOT have to be a First Time Homebuyer!
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Must be Owner Occupied - NOT a 2nd Home or Investment!
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You may use Secondary Financing, including Second Mortgages and Grants
Reserves are NOT required in most cases
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Bank of America
Community Affordable Loan Solution
Bank of America has set aside $500 Million for the Affordable Loan Solution Program.
Maximum Loan Amount - $453,100​
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Income Requirements - 100% of the HUD median income for the area.
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Must take a Homebuyer Course
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NO Private Mortgage Insurance
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Non Traditional Credit accepted
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