BOA Introduces No Down Payment, Closing Cost Mortgage Solution For First-Timers

BOA Introduces No Down Payment, Closing Cost Mortgage Solution For First-Timers

ByTMN Editor Reading Time: 2 minutes

Bank of America is introducing a zero down payment, zero closing cost mortgage solution for first-time buyers geared towards underserved communities. The Community Affordable Loan Solution will roll out in designated markets, including certain Black and Hispanic/Latino neighborhoods in Charlotte, Dallas, Detroit, LA, and Miami. It is a Special Purpose Credit Program that operates off…

Home Equity Reaches Another All-Time High

Home Equity Reaches Another All-Time High

ByTMN Editor Reading Time: 2 minutes

Home prices have risen 42% since the beginning of the pandemic and have gained 9% in value since the first of the year, with equity reaching another all-time high, according to Black Knight’s latest Mortgage Monitor Report. Black Knight reported that the annual rate of appreciation dropped slightly to 19.9% in April, down from an…

End of content

End of content