How To Get Advantage of Community Affordable Loan Solution?

1. Bank of America has introduced the Community Affordable Loan Solution.

2. To expand homeownership opportunities in Black/African American.

3. Hispanic-Latino communities can also take this advantage.

4. This Special Purpose Credit Program uses credit guidelines.

5. Based on factors such as timely rent, utility bill, auto insurance payments.

6. With no mortgage insurance or minimum credit score required.

7. Prospective buyers must complete a homebuyer certification course.

8. Provided by select Bank of America and HUD-approved housing counseling partners.

9. This new program complements Bank of America’s existing $15 billion Community.

10. Homeownership Commitment™ to offer affordable mortgages to help 60,000 individuals.

11. Bank of America also has a 26-year relationship to provide $15 billion in mortgages.