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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.  

Brick house

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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