How To Get Advantage of Community Affordable Loan Solution?
1. Bank of America has introduced the Community Affordable Loan Solution.
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2. To expand homeownership opportunities in Black/African American.
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3. Hispanic-Latino communities can also take this advantage.
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4. This Special Purpose Credit Program uses credit guidelines.
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5. Based on factors such as timely rent, utility bill, auto insurance payments.
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6. With no mortgage insurance or minimum credit score required.
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7. Prospective buyers must complete a homebuyer certification course.
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8. Provided by select Bank of America and HUD-approved housing counseling partners.
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9. This new program complements Bank of America’s existing $15 billion Community.
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10. Homeownership Commitment™ to offer affordable mortgages to help 60,000 individuals.
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11. Bank of America also has a 26-year relationship to provide $15 billion in mortgages.
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