Bank of America Announces Zero Down Payment Mortgage for First-Time Home Buyers
Dreaming of owning your first home? Bank of America is making that dream more accessible than ever! Bank of America today announced a new zero down payment, zero closing cost mortgage solution for first-time homebuyers, which will be available in designated areas. This groundbreaking initiative aims to help more individuals and families achieve homeownership.
The Community Affordable Loan Solution: A Game Changer
This innovative program, officially called the Community Affordable Loan Solution, is designed to provide an affordable path to homeownership. The bank said the program, called the Community Affordable Loan Solution, “aims to help eligible individuals and families obtain an affordable loan to purchase a home.” No more saving for years just to cover the down payment and closing costs!
Who Qualifies?
The Community Homeownership Commitment provides a low down payment mortgage for modest-income and first-time homebuyers. Learn how our Affordable Loan options can open doors you never thought possible. Eligibility is based on income and location, focusing on helping those who need it most. The bank is committed to helping build strong, thriving communities.
Zero Down Payment, Zero Closing Costs: What Does It Mean?
Imagine buying your first home without the burden of a hefty down payment or expensive closing costs. That's the power of Bank of America's new program. To combat rising rates, Bank of America’s Community Affordable Loan Solution offers zero down payments and zero closing costs for qualified first-time home buyers. This can save you thousands of dollars upfront, making homeownership a reality sooner.
Where is this Available?
2 de sept. de 2025 CHARLOTTE, N.C.Bank of America is now offering first-time homebuyers in a select group of cities, including Charlotte, zero down payment, zero closing cost mortgages. Check with Bank of America to see if your city is participating and learn about specific eligibility requirements.
Don't Miss Out!
Take advantage of this incredible opportunity. Get information on down payment grants and up to $7,500 toward closing costs that could help put a new home in reach. Bank of America's Community Homeownership Commitment can help you navigate the home buying process and find the right loan for your needs. Contact Bank of America today to learn more about the Community Affordable Loan Solution and start your journey to homeownership! 1 de sept. de 2025 The new mortgage is the Community Affordable Loan Solution. It aims to help eligible individuals and families obtain an affordable loan to purchase a home. 22 de sept. de 2025 This is a limited-time offer, so act now!