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Prequalify or submit an application for your home loan in minutes

Get that loan estimate

To get your loan estimate, please call certainly one of our lending specialists during our normal running hours (Mon-Fri 8 a.m. – 10 p.m. ET, Sat 8 a.m. – 6:30 p.m. ET).The loan estimate will let you know everything we expect you’ll provide you with if you choose to move ahead, but will not express that loan approval.

You may want to make use of our Closing Cost Calculator to calculate your total closing expenses for buying a property.

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from a single of our financing professionals

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Your prequalification

If you are a current consumer please register to Online Banking, if you don’t please check in as being a visitor.

some time assume debtor has credit that is excellentincluding a credit history of 740 or more). Approximated monthly obligations shown consist of major, interest and (if relevant) any needed home loan insurance. supply rates of interest and re re re payments are susceptible to increase following the initial fixed-rate duration ( 5 years for a 5/1 ARM, 7 years for a 7/1 supply and a decade for the 10/1 supply). Find the About ARM prices link for important info, including approximated re re payments and price modifications.

Prices based for a $200,000 loan in ZIP rule 95464

The interest rate on financing, indicated as a share.

Yearly portion yield (APR)

The yearly price of a loan up to a debtor. Like mortgage loan, an APR is expressed as a share. Unlike mortgage, but, it offers other costs or costs (such as for example home loan insurance coverage, many closing expenses, points and loan origination costs) to mirror the sum total price of the mortgage.


A quantity compensated towards the loan provider, typically at closing, so that you can reduce the attention price. also referred to as home loan points or discount points. One point equals one % associated with the loan quantity (as an example, 2 points on a $100,000 mortgage would equal $2,000).

Payment per month (estimated)

The believed payment includes major, interest and any needed mortgage insurance coverage (for borrowers with significantly less than a 20% advance payment). The re re payment exhibited does maybe not consist of quantities for risk insurance coverage or property fees that will bring about an increased real payment per month. When you yourself have a loan that is adjustable-rate your payment may alter annually (following the initial period) predicated on any enhance or decline in the London Interbank granted Rate (LIBOR) index.

Fixed-rate home loan

A home loan with an intention price that stays the exact same when it comes to whole term associated with loan.

Adjustable-rate home loan (ARM)

Also referred to as a variable-rate home loan, an adjustable-rate home loan has mortgage loan that could alter sporadically through the lifetime of the mortgage relative to alterations in an index like the U.S. Prime speed or perhaps the London Interbank granted Rate (LIBOR). Bank of America ARMs usage LIBOR due to the fact basis for ARM rate of interest corrections.

Your payment that is monthly may as the result of any rate of interest modifications, and a loan provider may charge a diminished rate of interest for a preliminary part of the mortgage term. Many hands have actually an interest rate limit that limits the quantity of rate of interest modification allowed during both the modification duration (the time taken between rate of interest recalculations) in addition to lifetime of the mortgage.

We are in need of extra information

To be able to give you the greatest price estimate, we want some additional information. Please e mail us to be able to talk about the details of the mortgage requires with one of our mortgage loan experts.

We provide an array of loan choices beyond the range with this calculator, that is made to offer outcomes for the absolute most loan that is popular. For those who have versatile choices, take to reducing your price, changing your advance payment amount or entering a various zip code.

Curently have a home loan with us?

Get responses whenever you’ll need them. Check in and handle your loan on the web.

Resources and tools

See most of the kinds of mortgage loans you can expect

Fixed-rate mortgages

Set rate of interest for the full life of the mortgage

Your monthly premiums of principal and interest stay exactly the same for the full lifetime of the mortgage

Adjustable-rate mortgages (ARMs)

Rate of interest might alter sporadically through the loan term

Your payment that is monthly may or decrease according to rate of interest modifications

Jumbo Loans

For borrowers requiring higher loan quantities

Available as fixed-rate or adjustable-rate loans

Affordable Loan Solution В® home loan

Income limits apply

FHA & VA loans

Government loans from the Federal Housing management therefore the U.S. Department of Veterans Affairs

Minimal advance payment options with versatile income and credit directions

Your prequalification

If you are a customer that is existing check in to Online Banking, or even please check in as being a visitor.

The home loan procedure, now online

Contemplating purchasing a house? Prequalify now to calculate what you could borrow.

Browse our Estate that is real Center find your following house and look for house values.

Make an application for financing and acquire the mortgage that suits your needs.

We already prequalified for the true mortgage with Bank of America – just exactly exactly what now?

View your prequalification page layer , or speak to your lending officer about using the next steps towards house financing

Homebuying options from Bank of America

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