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Find similar grantsBank of America Community Homeownership Commitment® is sponsored by Bank of America. This program helps low- and moderate-income individuals buy a home, including down payment and closing cost assistance, and offers guidance on the home-buying process.
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Down Payment Grants and Loan Assistance Programs for First-time Homebuyers Bank of America’s Community Homeownership Commitment ® Good news for aspiring homeowners! Bank of America’s Community Homeownership Commitment ® is bringing together products and resources that can help modest-income borrowers buy homes of their own.
By combining down payment assistance and closing cost help with a low down payment mortgage, you may find that a new home is within reach. Our America’s Home Grant® program offers a lender credit of up to $7,500 that can be used towards non-recurring closing costs, like title insurance and recording fees, or to permanently buy down the interest rate. The funds do not require repayment.
adatext Our Down Payment Grant program offers a grant of up to 3% of the home purchase price, up to $10,000, to be used for a down payment in select markets. Grant Program is not available with all mortgage products. Must be a first-time homebuyer (no homeownership in the past three years).
Contact a lending specialist for more information. The funds do not require repayment. adatext 3% down payment fixed-rate mortgage adatext adatext These products can help make buying a home more affordable.
Mortgage insurance is required. Income limits apply. Visit the Bank of America Down Payment Center to search for programs you may be eligible for, including the America’s Home Grant and Down Payment Grant programs (available in select markets) plus other programs offered by state and local agencies, nonprofits, and employers.
adatext Talk to your lending specialist from your lending specialist: Mon-Fri 8 a. m. -10 p.
m. ET Find another lending specialist Mon-Fri 8 a. m.
-10 p. m. ET Mon-Fri 8 a.
m. -10 p. m.
ET Mon-Fri 8 a. m. -10 p.
m. ET Bank of America participates in the Digital Advertising Alliance (\"DAA\") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon).
Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the DAA or through the Network Advertising Initiative's Opt-Out Tool .
You may also visit the individual sites for additional information on their data and privacy practices and opt-out options. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs .
Affordable Loan Solution® mortgage Builder Rate Lock Advantage ™ "},{"label":"Home Buying Tools","content":" "},{"label":"Learn About Mortgages","content":" How Much Home Can I Afford? How Much Should You Put Down?
Prequalification vs. preapproval How to get Approved for a Mortgage Bank of America’s Community Homeownership Commitment ® "},{"label":"Manage Your Loan","content":" Learn About the Digital Mortgage Experience Check Your Application Status/Submit Documents Online Get Help with Payment Difficulties Contact Us About Your Home Loan Bank of America participates in the Digital Advertising Alliance (\"DAA\") self-regulatory Principles for Online Behavioral Advertising and uses the Advertising Options Icon on our behavioral ads on non-affiliated third-party sites (excluding ads appearing on platforms that do not accept the icon).
Ads served on our behalf by these companies do not contain unencrypted personal information and we limit the use of personal information by companies that serve our ads. To learn more about ad choices, or to opt out of interest-based advertising with non-affiliated third-party sites, visit YourAdChoices powered by the DAA or through the Network Advertising Initiative's Opt-Out Tool .
You may also visit the individual sites for additional information on their data and privacy practices and opt-out options. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs .
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According to the current listing, eligibility includes: Low- and moderate-income individuals, including single mothers, seeking to purchase a home. Specific eligibility criteria apply and can be found through Bank of America. Confirm the full requirements in the official notice before applying.
Bank of America Community Homeownership Commitment® is funded by Bank of America. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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