Bank of America Sign in Show/Hide Menu related links Home Mortgage Loans The perfect home starts with the right mortgage Get started with the Bank of America Digital Mortgage Experience® Apply now for home loans Get estimate of costs layer Mortgage click to go to Refinance details page click to go to Home Equity details page Already prequalified? Sign in to your prequalification layer Resources and tools Mortgage calculator Closing costs calculator Information for first-time homebuyers Find a home Search for homes by city & state or ZIP Preferred Rewards members may qualify for an origination fee or interest rate reduction based on your eligible tier at the time of application. Depending on your tier, you may be required to enroll in PayPlan from an eligible Bank of America deposit account at least 10 days prior to loan closing in order to receive the full program benefit Footnote 1. Learn more about Preferred Rewards See all the types of home loans we offer , closed The mortgage process, now online Prequalify Thinking about buying a home? Prequalify now to estimate what you can borrow. Shop Visit our Real Estate Center to find your next home and search for home values. Apply Apply for financing and get the mortgage that meets your needs. I already prequalified for a home loan with Bank of America - what now? View your prequalification letter layer , or contact your lending officer about taking the next steps towards home financing Homebuying options from Bank of America Designed to meet your family’s needs First-time homebuyers We’re here to help you through the process with tools and resources. Our Homeownership Commitment We offer affordable housing assistance programs that help make homeownership a reality. How to find help Visit our Down Payment Center to find programs in your state for modest-income and first-time homebuyers Low down payment options Programs include mortgage loan options with lower down payments. Home buying just got easier The Bank of America Digital Mortgage Experience® puts you in control. Prequalify to estimate how much you can borrow, apply for a new mortgage, or refinance your current home. All with customized terms that meet your needs. 0:00 / 0:00 View Transcript Top home mortgage FAQs How does my credit rating affect my home loan interest rate? Do I need to get a home appraisal in order to get a home loan? How long does the whole loan process take? See all home mortgage FAQs > Mortgage basics Get information on buying your first home – and what to expect from the process. Home‑buying tips With so many different mortgages available, choosing one may seem overwhelming. Understanding your mortgage options Learn more about mortgages > Connect with a lending specialist 866.466.0979 Monday to Friday 8 a.m. to 10 p.m. Eastern Time Mon-Fri 8 a.m.–10 p.m. ET Saturday 8 a.m. to 6:30 p.m. Eastern Time Sat 8 a.m.-6:30 p.m. ET Schedule an appointment Important Disclosures and Information The origination fee reduction and/or interest rate reductions are offered to clients who are enrolled or are eligible to enroll in Preferred Rewards, based on their asset tier at the submittal of a loan application for a new purchase or refinance loan (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). Amount of the origination fee reduction ($200 for Gold tier, $400 for Platinum tier and $600 for Platinum Honors tier) and the interest rate reduction (0.250% for Diamond tier, 0.375% for Diamond Honors tier) are based on the asset tier at the submittal of the mortgage application and are not subject to adjustment after the application is submitted. The origination fee reduction will not exceed the amount of the Lender Origination Fee. In order to receive the full Diamond and Diamond Honors interest rate reduction (0.250% for Diamond tier and 0.375% for Diamond Honors tier) you must have an eligible loan (most conforming and nonconforming loans) and enroll in PayPlan using a Bank of America deposit account at least 10 days prior to loan closing. If PayPlan enrollment is not completed 10 days prior to loan closing, or if the loan is a product ineligible for PayPlan (like FHA loan products and PrimeFirst®), you will receive a 0.125% interest rate reduction benefit for Diamond and Diamond Honors tiers. For adjustable rate mortgages (except PrimeFirst), the discounts are applied to the interest rate only during the initial fixed-rate period. For PrimeFirst adjustable rate mortgages, the discount is applied to the margin and cannot reduce the margin below 0%. Eligibility will be determined three or more business days after the day the requirements are satisfied. Some reward benefits cannot be combined with other offers. All mortgage interest rate reduction offers are subject to a maximum interest rate reduction limit. For details on requirements, visit the Preferred Rewards section of the Personal Schedule of Fees. Benefit is non-transferable. Maximum income and loan amount limits apply. Fixed-rate mortgages (no cash out refinances), primary residences only. Certain property types are ineligible. Maximum loan-to-value (“LTV”) is 97%, and maximum combined LTV is 105%. For LTV >95%, any secondary financing must be from an approved Community Second Program. Homebuyer education may be required. Other restrictions apply. Monthly Mortgage Insurance Premiums (MIP) and Upfront Mortgage Insurance Premiums (UFMIP) apply. Maximum loan amounts vary by county. Bank of America Home Loans Home Mortgage Loans Mortgage Rates & Loans Mortgage Overview Mortgage Rates Fixed-rate Mortgage Adjustable-rate Mortgage Jumbo Loans Low down payment mortgage options FHA & VA Mortgage Doctor Loans Home Buying Tools Mortgage Calculator Affordability Calculator Closing Costs Calculator Search Down Payment Help Search Homes for Sale Home Value Estimator First-time Homebuyer Learn About Mortgages How Much Home Can I Afford? How Much Should You Put Down? 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