Interest rates can be locked in early - for up to 12 months. Not only does this protect against rising interest rates, there's even a one-time option to re-lock to a lower interest rate or discount points, or both.
We'll work closely with your homebuyers from application to closing — and keep you informed every step of the way.
Our Project Review Office (PRO) helps make condo approvals easier.
We work with high-quality professional appraisers who are experienced in new construction appraisals.
The Bank of America Real Estate Center® provides buyers with easy access to your available homes from a computer or mobile device.
The National Builder Division works with several data providers to bring you up-to-date local market trends and insights.
Bank of America does not offer construction financing for homeowners, but we do offer very competitive terms for permanent financing on new construction homes (after the home has been completed). Our ability to lock in a buyer’s permanent interest rate for up to 360 days in advance of completion of the home, gives them the ability to run their construction financing and permanent loan applications concurrently, taking the guess work out of what the future interest rate environment may offer. Buyers can secure their permanent interest rate now through our Builder Rate Lock Advantage program.
Find out about the steps, benefits and considerations of the home buying and loan process.