What are the mortgage rates at Bank of America?

The bottom line: Bank of America offers many loan options, easily viewed rates, extensive online capabilities and competitive rates and fees. Bank of America offers down payments as low as 3% through its Affordable Loan Solution mortgage program. Allows borrowers to apply entirely online.

What are the requirements for a Bank of America loan?

Details Bank of America requirements To qualify for a mortgage with Bank of America, you’ll need a minimum credit score of 620 for Conventional mortgage loans or 600 for FHA loans and a maximum debt-to-income ratio of 43%.

How long does it take to get a Bank of America Mortgage?

You can apply for a mortgage in person, over the phone or online through the Bank of America Digital Mortgage Experience. The application takes around 30 minutes to complete.

How many mortgages has Bank of America underwrote?

To put that in perspective, Bank of America underwrote a total of 466,552 mortgage loans in 2019. So it received approximately one complaint for every 2,000 mortgage customers. That’s a higher number of complaints than many other big-name mortgage lenders, but still fairly low overall.

How many Bank of America Mortgage reviews are there?

Bank of America is one of the three largest banks in the U.S. It provides mortgage loans, loan refinancing and home equity loans for consumers in every state. How do I know I can trust these reviews about Bank of America? 3,217,564 reviews on ConsumerAffairs are verified. We require contact information to ensure our reviewers are real.

How to contact Bank of America Mortgage Service?

To learn more please call 800.669.6607 (Mon–Fri 8 a.m.-9 p.m. ET). I’m having trouble making my mortgage payment every month. Does Bank of America provide assistance? If you’re struggling to make your monthly home loan payments, assistance may be available to you.

How long does Bank of America adjustable rate mortgage last?

Note: Typically Bank of America adjustable-rate mortgage (ARM) loans feature an initial fixed interest rate period (typically 5, 7 or 10 years) after which the interest rate becomes adjustable annually for the remainder of the loan term.

What kind of mortgage does Bank of America offer?

Also called a variable-rate mortgage. Note: Typically Bank of America adjustable-rate mortgage (ARM) loans feature an initial fixed interest rate period (typically 5, 7 or 10 years) after which the interest rate becomes adjustable every six months for the remainder of the loan term. 2 ). How does my credit rating affect my home loan interest rate?