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.
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