Bank of America Down Payment Center

Saving to buy a home?
Here's how to find help.

Bank of America is committed to helping you thrive through the power of homeownership. Bank of America Community Homeownership Commitment™ program provides solutions for modest-income and first-time homebuyers, including affordable mortgages, grant programs, resources and expertise.

Our Down Payment CenterFootnote 1 is a resource to help search for programs you may be eligible for, including our America's Home Grant®Footnote 2 and Down Payment Grant programFootnote 3. Many state and local organizations offer programs that could help you with the up-front costs of buying a home also. When combined with a 3% down payment mortgage—such as our Affordable Loan Solution® mortgageFootnote 4 and the Freddie Mac Home Possible® mortgageFootnote 4—these programs can help make buying a home more affordable.

Simply select your state to search for programs you may be eligible for and then connect with your lending specialist about other down payment and closing cost options. If your state is not listed, please ask your lending specialist about other down payment and closing cost options.

$0 Lender Origination Fee

For a limited time, when eligible homebuyers get a Freddie Mac Home Possible®, Affordable Loan Solution®, VA or FHA mortgage from us, we will waive the Lender Origination Fee. Other fees apply at loan origination. Not available in Arkansas, Georgia or Oregon. This offer expires on October 31, 2019.Footnote 5

Up to $7,500 closing cost help

Qualified homebuyers may receive a lender credit for nonrecurring closing costs through our America's Home Grant® program in select markets.Footnote 2

Select your state above to see if this program is available in your area.

Up to $10,000 in down payment help

Qualified homebuyers may receive 3% of the purchase price with a maximum $10,000 (whichever is less) through our Down Payment Grant program in select markets. Limited to two mortgage products.Footnote 3

Select your state above to see if this program is available in your area.

FAQs

Learn how down payment and closing cost assistance programs work.