Welcome to the Home of Home Loans
Finally, everything you need to know about home loans in one place. Our resources can help you discover how to be a successful homeowner, when to refinance, how to use the equity in your home and what the loan process is really like. Where do you want to start?
The right lender for you
At Bank of America, we're dedicated to helping you become a successful homeowner. We offer a variety of loans, personal service, competitive rates — plus our Clarity Commitment®Footnote 1, a one-page summary of key loan terms in plain language. Because it's not just about finding a great rate; it's about finding a partner.
Learn more about the Clarity Commitment summary| Mortgage type | Rate | APR | Points |
|---|---|---|---|
| 30-year fixed | 3.625% | 3.756% | 0.801 |
| 15-year fixed | 2.875% | 3.153% | 1.117 |
| 5/1 ARM (variable) | 2.375% | 2.927% | 1.011 |
Rates valid on 05-19-13 7:25 AM ET
Results assume borrower has excellent credit.
Loan assumptions and disclosures
Want to receive custom rates and prices? Get prequalified
Prequalification is neither pre-approval nor a commitment to lend; you must submit additional information for review and approval.
Get mobile rates: Text RATES to 225588. Learn more about mortgage interest rates. Reply STOP to end, HELP for help. Message & data rates may apply.
Contact a Mortgage Loan Officer
Ready to start the process? Or maybe you have some questions? Our Mortgage Loan Officers are available for help by phone, email or in person.
Find a Mortgage Loan Officeror contact us at 1.800.858.9860
1. The Clarity Commitment® summary is provided as a convenience, does not serve as a substitute for a borrower's actual loan documents, and is not a commitment to lend. Borrowers should become fully informed by reviewing all of the loan and disclosure documentation provided.
Calculators are intended for illustrative purposes only, and use the down payment amount you entered. Minimum down payment requirements vary by lender. Ask your lender for details. Minimum credit scores may apply and not all applicants will qualify. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
Welcome to the Home of Home Loans
All the resources you need to buy, refinance or use home equity - all in one place.
Loan assumptions and disclosures
closeInterest rates and APRs are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).Your monthly payment is not based on APR, but instead on the interest rate on your Note.
Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
| Rates and APRs also assume: | |
|---|---|
| Property type/use: | Single family residence/owner occupied |
| Loan-to-Value (LTV): | 80% |
| Down payment: | 20% |
| Rate lock period: | Purchase: 60 days. Refinance: 90 days. (Call for information and to obtain a rate quote and rate lock specific to your situation. This is not an offer of a rate lock.) |
| Loan amount: | $200,000 |
| Discount point(s): | As displayed |
| Lien Position: | First lien |
| Property location: | North Carolina |
| Loan Term: | As displayed |