December 1, 2020 at 9:00 AM Eastern
Bank of America has launched a new feature within the Bank of America Real Estate Center® that identifies properties for sale that may be eligible for down payment and closing cost grants offered by the company. The new feature labels properties for which prospective buyers may be eligible to receive up to $17,500 through Bank of America’s proprietary Down Payment Grant and America’s Home Grant® programs. There have been more than 15.6 million home searches on the Real Estate Center website from January through October.
“We know that our clients want the power to own a home, but affording one can be a challenge for many. One way we’re helping is through our affordable homeownership solutions and professional resources, which are designed to make sustainable homeownership possible. Our Real Estate Center now makes home shopping even easier, especially for grant-eligible borrowers,” said AJ Barkley, Neighborhood Lending executive for Bank of America.
The grants are a key part of the Bank of America Community Homeownership Commitment™, launched in April 2019 to help address the challenges prospective homebuyers face in affording homes. Available to eligible borrowers who meet income and other requirements, the innovative program includes low down payment mortgages, down payment and closing cost grants, financial education tools, and partnerships with community-based housing counseling agencies. To date, thousands of clients have taken advantage of these programs, receiving an average of $12,000 toward the purchase of a home.
The Real Estate Center® is a dynamic website that lists homes for sale, home values, previous purchase prices and recent sales. Beyond the new feature, future homebuyers can be alerted via email when a home comes on the market in their area/price range or when a house sells or changes to “pending offer” or “sold” status.
“The Real Estate Center’s online and mobile designs include walkability scores and school information about specific neighborhoods so future buyers can understand how a property will fit their personal needs,” said John Schleck, Bank of America Centralized and Online Consumer Lending executive.
Bank of America Consumer Lending helps clients build pathways to home and car ownership, providing access to credit to meet a broad range of financing needs including mortgages for home purchase or refinance, home equity lines of credit, vehicle loans, and a wide variety of credit cards. Bank of America delivers a distinctive client experience through:
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, register for news email alerts.
Susan Atran, Bank of America
Phone: 1.917.861.6882
susan.atran@bofa.com
December 1, 2020 at 9:00 AM Eastern
Bank of America has launched a new feature within the Bank of America Real Estate Center® that identifies properties for sale that may be eligible for down payment and closing cost grants offered by the company. The new feature labels properties for which prospective buyers may be eligible to receive up to $17,500 through Bank of America’s proprietary Down Payment Grant and America’s Home Grant® programs. There have been more than 15.6 million home searches on the Real Estate Center website from January through October.
“We know that our clients want the power to own a home, but affording one can be a challenge for many. One way we’re helping is through our affordable homeownership solutions and professional resources, which are designed to make sustainable homeownership possible. Our Real Estate Center now makes home shopping even easier, especially for grant-eligible borrowers,” said AJ Barkley, Neighborhood Lending executive for Bank of America.
The grants are a key part of the Bank of America Community Homeownership Commitment™, launched in April 2019 to help address the challenges prospective homebuyers face in affording homes. Available to eligible borrowers who meet income and other requirements, the innovative program includes low down payment mortgages, down payment and closing cost grants, financial education tools, and partnerships with community-based housing counseling agencies. To date, thousands of clients have taken advantage of these programs, receiving an average of $12,000 toward the purchase of a home.
The Real Estate Center® is a dynamic website that lists homes for sale, home values, previous purchase prices and recent sales. Beyond the new feature, future homebuyers can be alerted via email when a home comes on the market in their area/price range or when a house sells or changes to “pending offer” or “sold” status.
“The Real Estate Center’s online and mobile designs include walkability scores and school information about specific neighborhoods so future buyers can understand how a property will fit their personal needs,” said John Schleck, Bank of America Centralized and Online Consumer Lending executive.
Bank of America Consumer Lending helps clients build pathways to home and car ownership, providing access to credit to meet a broad range of financing needs including mortgages for home purchase or refinance, home equity lines of credit, vehicle loans, and a wide variety of credit cards. Bank of America delivers a distinctive client experience through:
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, register for news email alerts.
Susan Atran, Bank of America
Phone: 1.917.861.6882
susan.atran@bofa.com
.jpg/_jcr_content/renditions/original){kind=logo}
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.
This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue.
Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. These materials are for informational purposes only. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies.
Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “ MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.
Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (“BofA Corp.”). Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (“MLLA”), a licensed insurance agency and wholly-owned subsidiary of BofA Corp.
Investment products offered through MLPF&S and insurance and annuity products offered through MLLA:
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
| Are Not Deposits | Are Not Insured by Any Governmental Agency | Are Not a Condition to Any Banking Service or Activity |
Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation (BofA Corp.).
"Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. is registered as a futures commission merchant with the CFTC and is a member of the NFA.
Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.
Bank of America, N.A. Member FDIC. Equal Housing Lender
© 2024 Bank of America Corporation. All rights reserved.
.jpg/_jcr_content/renditions/original){kind=logo}
