- The owner must occupy the home as a primary residence.
- The lender credit cannot be applied toward down payment, prepaid items or recurring costs, such as property taxes and insurance, and the borrower cannot receive cash back.
- The home loan must fund with Bank of America on a conventional, VA, FHA or low down payment mortgage such as our Affordable Loan Solution® mortgage or the Freddie Mac Home Possible® mortgage.
Maximum income limits:
|All other areas in this county/city||Low-to moderate income areas|