What is an Affordable Loan Solution® mortgage?
Our Affordable Loan Solution® mortgage could be a good option if you're a qualified homebuyer unable to make a larger down payment. This fixed-rate loan for modest-income borrowers offers a competitive rate with a down payment as low as 3% to help make buying a home more affordable.
In addition to low down payment mortgage options, there may be down payment and cost savings programs available in your area. Visit the Bank of America Down Payment Center to learn more.