Mortgages

Bank of America Mortgage: how to apply

Keep reading to learn more about the Bank of America Mortgage application process! Get all the information you need before making your decision! Keep reading and learn more!

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Bank of America Mortgage: Fast and simple application process

Bank of America logo
Keep reading and find out how to apply for the Bank of America mortgage! Source: The Insider Advisor

Are you in the market for a new mortgage? Then this article might help you! Keep reading and learn how to apply for the Bank of America Mortgage!

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Mortgage

Bank of America

Online Fast and simple

Rate transparency and lower minimum down payments.

You will be redirected to another website

In this post, we’ll dive deep into the application process and the requirements!

We’ll also show you another option for you! Keep reading and start your homebuying journey today!

How to apply on the website

Applying for this lender is a peace of cake! First, you’ll need to access the Bank Of America website and go to the mortgage area.

Select the “Apply Now” button to start your prequalification process. After that, you must answer a series of questions about the mortgage you want to apply for.

They’ll ask you where in the home-buying process you are. Next, you must inform if you have a Bank of America account.

If you do, log in to complete your application. If not, you must create an account.

You’ll need to inform your full name, phone number, email and home address, Social Security number, and more.

After creating your account, you’ll provide additional information to complete your preapproval process. After submitting your form, you’ll see which mortgage offers you qualify for.

Compare the offers, and then select the home loan that matches your current needs.

The prequalification and closing time might vary depending on the documentation requirements and other factors.

Therefore, you can check your application status online. The Bank of America application process is fully digital.

Requirements

Bank of America Mortgage requires a minimum credit score of 620 for conventional loans. However, this requirement will vary with other types of home loans.

Also, borrowers can put as down as 3% or 5%, depending on the homebuyer’s income.

Apply on the mobile app

A new customer can only apply for the Bank of America mortgage through the website. However, this lender offers a great mobile app for its clients.

The Bank of America app is available on Google Play and the Apple stores. It allows customers to manage their mortgages, get customer service, and more!

Find other loan options: BNC National Bank Mortgage

Happy woman in glasses makes winning gesture and sincerely rejoices. Lady with red lipstick dressed in gray sweater looking at laptop.
Compare the Bank of America mortgage and BNC Nation Bank mortgage before making your decision! Source: Freepik

If you want to consider more lenders before deciding, here we have another option for you! Meet the BNC National Bank Mortgage.

This lender has multiple loan options available and delivers an excellent online service. Also, it has specialized support for military families and first homebuyers.

To help you with your decision, we compare Bank of America Mortgage and BNC National Mortgage’s main details below! Check out!

Bank of America MortgageBNC National Bank Mortgage
Credit ScoreAt least 620;620 or more;
Loans OfferedConvention loans, Jumbo Loans, FHA and VA loans, Fixed and Adjustable-rate. Rate-and-term and cash-out refinancing, HELOC;Conventional loans, Jumbo loans; Fixed and Adjustable-rate; FHA, VA, USDA and refinancing;
Minimum Down PaymentAs little as 3%;0% or 3% depending on the loan;
APRSee terms;See terms;
TermsUp to 30 years.10 to 30 years.

If the BNC National Bank Mortgage seemed a better option for you, great! The next article will show you more about this lender! Keep reading to learn how the application process works.

BNC National Bank Mortgage logo

BNC National Bank Mortgage: how to apply

Learn how to apply for the BNC National Bank Mortgage! Easy and simple application! Get personalized support! Read on for more information!

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

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