Where is Bank of America getting this extra money from?
@budgetboss_j9920
3 жыл бұрын
So far my experience with this program is that the interest rate at the time when I applied was about 3.1xx %. I was able to use the remaining amount from the down payment assistance program to pay down my rate to 2.875. I have a 45 day timeframe to close but that wasn’t because of Bank of America‘s decision that was a decision that my realtor came up with. And my loan disclosure says there’s no penalty for early pay off. So far I’m happy that I am going with this grant getting it through Bank of America.
@mhc562
3 жыл бұрын
Thank you for your input! Currently I’m trying to get approved for the grants. Sent in our tax info. Still waiting to hear back. Have our fingers crossed 🤞🏼
@NicoleNark
3 жыл бұрын
Best of luck, Michelle! 🎉🏡
@mhc562
3 жыл бұрын
@@NicoleNark Thank you!
@JocelynGarcia
3 жыл бұрын
Thanks for your personal feedback. Currently looking into buying a home&this program
@goldencurlz3260
3 жыл бұрын
Do anyone have the link to the application?
@ramonfred
Жыл бұрын
This is a very insightful video to boa users, thanks. There’s a company I know that grants loans up to 50k. Very reasonable interest rates too.
@callumfrank
Жыл бұрын
Oh wow really? Please what company is this
@ramonfred
Жыл бұрын
@@callumfrank Company is called "Credit Synod"
@callumfrank
Жыл бұрын
@@ramonfred Okay thanks dude, I'll check it out
@fuschiapretty
2 жыл бұрын
I was feeling so discouraged this morning and then, for some reason, one of your other videos came up into my recommended. I subscribed and have been watching you all night! I had no idea about this program and I just checked and it's available in my area which is out of control right now. Everything you've been talking about has hit home. Thank you so much...I was pre-approved in late 2019 and then 2020 hit and the prices haven't stopped. I can't compete with it. I'm calling BofA first thing Monday. Thank you so much for doing these, they are very educational and the best I've seen on YT.
@CuteLittle_Froggy
2 жыл бұрын
Have you been able to purchase your home?
@norcecycenteno7055
3 жыл бұрын
According to my loan officer the $17500, it is only available for big cities. They provide usually 7.5k
@missjackie7983
3 жыл бұрын
Every state has a down payment assistance program. The last time I checked you could get up to $40,000 in New york. In Georgia you can get up to $17,500 etc it depends on what state you are buying the house in
@bjamison
3 жыл бұрын
Is there an organization to contact for the one in Georgia?
@crystalmccarthy5744
3 жыл бұрын
Lake county Florida has one for $40,000
@TheSarabadiei
2 жыл бұрын
That's for NYC not NYS
@laurelcreagh9419
3 жыл бұрын
Wow, so I've been researching down payment grants and first time buyers programs in MA, but hadn't heard about this! So, I'm glad that this was a suggested video, so I can look into this! A similar grant here through MAhousing requires for people to live in the home for 15 years. I started working with NACA before the pandemic hit, but would not recommend this to anyone! You do a ton of work for months on end and don't care that your appointments are months apart, and also strangely do not seem to care about people or treating them well.
@nissangtr3466
3 жыл бұрын
I’m house hunting now and making offers, I’m using this grant. Dealing with Bank of America is not the easiest. They are hard to get in touch with when you need answers fast. I had to pass on this grant because I lost two houses because they did not get back to me fast enough
@NicoleNark
3 жыл бұрын
Thanks for sharing your experience Keith! I think what you experienced may be the situation for many people. Wishing you the best on your home buying journey 🎉🏡
@just1Commentator
3 жыл бұрын
@Keith s Would you be able to share the inquiries which were not answered?
@nissangtr3466
3 жыл бұрын
@@just1Commentator sure what would you like to know?
@nissangtr3466
3 жыл бұрын
@@just1Commentator it was very simple to see if you qualify, bank of American was helpful the first time I called. Just trying to get in touch with them when I needed was a pain
@luiskaponi6777
2 жыл бұрын
@@nissangtr3466 is better to call in Spanish
@ramoncisneros8113
3 жыл бұрын
Great video!! Just want to report my experience using this grants/loan. I just closed my home purchase yesterday. It took BOA 31 days to close my loan. I received the full $17,500 grants. My interest rate was 2.875% with no points purchased Great program
@NicoleNark
3 жыл бұрын
That is awesome Ramon! Thanks for sharing! 🎉🏠
@rebeccabannister5304
2 жыл бұрын
@Ramon Cisneros-Cruz, Do you have to pay taxes on the grant money? I’ve heard yes and no. Is it considered income? Also, what State are you in?Congrats on your home purchase!
@ramoncisneros8113
2 жыл бұрын
@@rebeccabannister5304 , THE ONLY AMOUNT THAT MIGHT BE 1099 IS THE 10,000 AMOUNT. IT EVEN IS STATED ON THE BOA WEBSITE. (WILL SEE IF I GET A 1099 IN A FEW DAYS OR NOT) I BOUGHT IT IN SOUTHERN CALIFORNIA.
@rebeccabannister5304
2 жыл бұрын
I’m in So Cal too
@evaowens1400
2 жыл бұрын
Thank you for this information Nicole....I'm going to go for it! I'm handicapped and my rent went up 17.5% this year, so I feel that I have no choice but to check out help like this.
@HA-Humam
3 жыл бұрын
I just was on the phone with bank of America loan officer she said that program is not available in Arkansas! They are willing to pay only for the closing cost up to 75 hundred dollars and the buyer income should not exceed 57k
@flynnmorrow6945
2 жыл бұрын
I had no idea these existed. Our DTI is decent. Our credit is decent. Our cash is low. So I want to explore this option more!
@TheEddybaps
3 ай бұрын
Keep in mind that with a higher interest rate for DAP programs, your buying power will be less due to DTI max allowed per Bank. Sometimes DAP rates are about .5 to 1% higher than normal rates convetinal rates. Traditional banks are tighter on their DTI max allowed while brokers can go up to 50% of your DTI and brokers can close anywhere from 14 to 30 days. Brokers also have down payment assistance programs.
@carleonemoore9359
3 жыл бұрын
Hi. I don't think you mentioned it, but according to a local BOA mortgage advisor also they do not accept other down payment assistance programs to be used with their DPA product.
@NicoleNark
3 жыл бұрын
That is correct! Great point!
@elsamorales4898
3 жыл бұрын
What about if you already have save some amount to use for down payment?? Can it be use?
@carleonemoore9359
3 жыл бұрын
@@elsamorales4898 of course you can use your saved money and it'll be even in your favor if you have about 20 percent to put down in order to avoid paying the banks private mortgage insurance (pmi).
@raedelatorre2592
Жыл бұрын
Thank you for this. I do think it would be worth it as long as I can afford the monthly payments with a higher interest rate. I can always refinance later, but to come up with 17k cash... this is almost impossible for many of us.
@jenniferlorence1950
3 жыл бұрын
This Girl is SO PRETTY.
@lyndaehrich3872
3 жыл бұрын
I think it's worth paying the higher interest rate if you can refinance at a lower rate later on.
@kennya1425
2 жыл бұрын
I agree but only if interest rates are lower by chance which they may not be. And low to no closing costs on the refinance to justify the refinance.
@mja9376
3 жыл бұрын
I was turned down by the bank of America program. I was told it is due to my student loans. They are worrying that i would not be able to make the monthly mortgage on the home. I find that really strange. I am currently working, with a family and paying rent which is over 1,000.00 dollars, yet, i may not be able to pay the mortgage. I really think it is an excuse. The Bank of America home loan is given to who they want to.
@rtldulin
3 жыл бұрын
Unfortunately, that is my situation as well. I pay 1600 in rent and they thing I wont pay a mortgage of 1200??? because of my students loans... bummer :(
@mja9376
3 жыл бұрын
@@rtldulin that is ridiculous. I wonder if Joe Biden and the other big wigs are aware of that!!
@espartan3806
3 жыл бұрын
MAYBE YOUR CREDIT IS TOO LOW....🙄🙄🙄
@mja9376
3 жыл бұрын
@@espartan3806 no. i thought the same thing. it is doe to my student loans. I go to school get a better education and i am penalized for it
@espartan3806
3 жыл бұрын
@@mja9376 BE FOCUS ON THE THINGS YOU WANT/NEED & SOON OR LATER YOU WILL ACHIEVE ALL THINGS....🙄🙄🙄
@elsamorales4898
3 жыл бұрын
You mentioned some kind if training to qualify for that program, can you send the information, plz and thank you
@rtldulin
3 жыл бұрын
If you have student loan debt most likely they will disqualify you. Even if you are in the forgiveness program and IBRP of 0.
@maofuentes9680
2 жыл бұрын
Your cons are really a stretch! I just closed on February 1st 2022 with BOA using this program. I saved over 10k . Sure it took an extra couple of weeks but so what? They offered me the best interest rate 2.875% it was a win win.
@ryanknowsrealestate
2 жыл бұрын
Awesome video! Great information. Keep the knowledge coming! 🎥 🙌
@jaredrivera670
Жыл бұрын
Would this be applicable to mobile homes at a Mobile home park? Thanks love your videos 😊😊
@Selamelaku
2 жыл бұрын
We are approved for that but becareful there is a catch, with our offer the interest rate is fixed
@patriciawilliams8963
3 жыл бұрын
Its not available for persons living in Peoria, Illinois though....broke my heart!! 😔
@1Letter23Numbers.
3 жыл бұрын
No! Did they tell you what parts of Illinois are approved?
@ashjensen5712
3 жыл бұрын
when you said "higher interest" i screamed..... they want to recover their funds by making us pay little by little every month, year. plus the interest of the loan itself.
@ChrisMarie_1123
3 жыл бұрын
I applied for this grant and for some reason I only qualified for $3,000 in closing costs, because my credit history wasn't long enough. I've had credit history for 8 yrs now .
@jaylynsmith8072
3 жыл бұрын
Can you use Bank of America down payment assistance and NACA, using the down payment assistance from Bank of America to buy down your interest rate with NACA since NACA allows you to buy down your interest rate?
@BlackWidowTundra14
2 жыл бұрын
I got approve for fha with 7500 closing in aug 25 2021 our offer got accepted sept 25 2021
@angeldavila4669
2 жыл бұрын
down payment only works in certain areas . the closing cost are hi so you are not saving much.
@Autooo94
Жыл бұрын
Great to know does this program have realtors we can choose from also?
@ChaiTeaV
3 жыл бұрын
Nicole! This is so helpful, thank you!! Are there income requirements/restrictions for either of these two grants?
@NicoleNark
3 жыл бұрын
Yes there are! I talk about them in the first video I made explaining the program! You can find here: kzitem.info/news/bejne/mqlumKiJkJ5-jKw 😊
@MithosDagon
3 жыл бұрын
I spoke with someone from Bank of America, and she said that there are income limits depending on the census tract of the house you are buying (they will send you a link to look it up). I live in MN and there are 2 income limits depending on the census tract (77K or 145K).
@ChaiTeaV
3 жыл бұрын
@@MithosDagon that is very helpful, thank you very much. You don't have the link by any chance, do you?
@MithosDagon
3 жыл бұрын
@@ChaiTeaV I’ve tried to add the link but it keeps getting deleted. Just search 2020 census tract and you should the link. BoA will tell you what the income limits are in your area.
@lordchungus0241
3 жыл бұрын
Could this be used with an FHA loan ?
@Goldie-kw5ju
3 жыл бұрын
You better watch Bank of America they got a lot of games for you you know rob you blind before you know it
@aquilomanganelli175
3 жыл бұрын
Fucking hate that bank. Refuse to do business with them!
@emmanuelpooler7260
3 жыл бұрын
What about double wide homes?
@lavonnemcmanigal3828
3 жыл бұрын
Do they have this loan in Omaha nebraska
@halfandhalf07
3 жыл бұрын
I believe another con would be that the down payment assistance option would count as income, so you'd be paying extra taxes.
@kaffeine69
3 жыл бұрын
Wowww that’s kind of a big deal! TY
@kennya1425
2 жыл бұрын
Yes income taxes would need to be paid. It is to be expected. However if you subtract the amount paid in taxes from the amount of the grant it is still money that you otherwise wouldn't have had.
@kennya1425
2 жыл бұрын
@@kaffeine69 that is to be expected. I would pay my taxes and move on just like any other day.
@kaffeine69
2 жыл бұрын
@@kennya1425 right, and agreed
@thecampbellfamilystime100
3 жыл бұрын
What credit score will qualify for this DPA?
@NicoleNark
3 жыл бұрын
I talk about all the requirements in the first video I made explaining the program! You can find it here: kzitem.info/news/bejne/mqlumKiJkJ5-jKw
@matthewkoch4529
3 жыл бұрын
Unless I missed it I did not catch the part about The credit score needing to be above 620 or 6:40?
@mzstacystacks3168
3 жыл бұрын
640
@virgovibratesolargoddess2538
3 жыл бұрын
I completed this and my credit went down like almost 40 points
@jaredfrazier2216
3 жыл бұрын
What do you mean
@virgovibratesolargoddess2538
3 жыл бұрын
My credit went down almost 40 points by checking to see if I qualified
@flynnmorrow6945
2 жыл бұрын
With these programs, can you bring cash in addition to what they give you? Like if they give you $15,000, can you bring your own $10,000 to the table?
@davidcoulombe2609
3 жыл бұрын
I was informed that B of A in Oregon only is offering the 7500 grant and not the 10k. Is this true ?
@jackamerson207
3 жыл бұрын
How do I find out if this is available in California?
@priscillamichel4797
3 жыл бұрын
Contact Bank of America 🤷🏾♀️
@philliprocha5103
3 жыл бұрын
It’s available in CA
@iSandraYang
3 жыл бұрын
Bummer. I wish Wisconsin offered this grant.
@kaylatrausch1394
3 жыл бұрын
So then the pro is not needing to be a customer if you have to lend through them? That is being a customer?
@LL0neStaRR
3 жыл бұрын
Nicole, If I qualify for this BofA program, is there a time frame for when it has to be utilized? Must be used within 180 days etc.
@lynninfinite
3 жыл бұрын
Yes. Usually it’s a short time frame too
@espartan3806
3 жыл бұрын
IS THIS PROGRAM AVAILABLE IN TEXAS???? CAN IT BE COMBINED WITH UNCLE BIDEN PLAN???🙄🙄🙄
@twingzable
3 жыл бұрын
Good info!
@retrodropdead
3 жыл бұрын
Can you qualify for this grant while being NACA qualified? Essentially, NACA loans are through BOA. I’m interested in using the funds for point reduction.
@1fastregal
3 жыл бұрын
I too would like to know the answer as I am in the Naca process also
@JackMeyHoffer562
Жыл бұрын
@@1fastregal did anyone get any answers?
@MrKelvin2230
2 жыл бұрын
you mentioned that to qualify it needs to be in a low too moderate income area? you know where I can found that information by area...
@normanhale8625
2 жыл бұрын
great videos been watching you on youtube tv couldn't comment there lol trying to find a bigger place here in ohio or wv.
@joegowac4578
3 жыл бұрын
How soon should you start applying? Is a year before buying too early ?
@davidrayner3892
2 жыл бұрын
thank you for this invaluable information you provide in many of your video's. ???, With a usda loan, do you have to bring closing cost to the table? If so, can a grant programs like BOA be combined if they are a partner if the usda loan program requires closing cost from the buyer?
@NicoleNark
2 жыл бұрын
Yes you are responsible for closing costs with a USDA loan. If you do not have the money to cover them, it is worth trying to negotiate that the seller covers your closing costs.
@Timwill85
2 жыл бұрын
Hello godess your amazing keep it up!
@jamaalking4007
Жыл бұрын
And do you have to buy the house in a bad area
@slj8512
3 жыл бұрын
Thank you so much!!
@NicoleNark
3 жыл бұрын
Glad it helped!
@scm4u
3 жыл бұрын
Sounds very good to me.
@ajmalafandi1849
2 жыл бұрын
Can we get the SUNYMA grant with this one?
@sabrinacarter6904
3 жыл бұрын
It doesn’t come with the higher interest rate though. That’s still based on credit.
@NicoleNark
3 жыл бұрын
Many lenders use what's known as Risk-based pricing when trying to determine a borrower's interest rate and fees. Credit score is a very important risk factor but be careful not to discount the effect that having little to no downpayment can have as a borrowers asset amount is an important risk factor. The good news is that with this program you can use excess funds to buy down your interest rate.
@sabrinacarter6904
3 жыл бұрын
@@NicoleNark I'm using this program. I got three quotes from different lenders and they were oddly the same. Before this was widely publicized I was approved and qualified for it in February but with the market in Las Vegas I'm going with a new build so I have closed yet, the house is still being built. I was already a BOA customer though and my credit score is 805 don't know if that makes a difference. The underwriting process is very slow though, that's my main complaint. However I was not subjected to a higher rate.
@Ukepa
3 жыл бұрын
Great video! Thanks for researching and organizing this info.
@NicoleNark
3 жыл бұрын
Glad you found it useful! Thanks for watching
@JoeyBarb87
2 жыл бұрын
If the “loan” is forgiven, what is the interest rate for?
@Bella-in7fb
3 жыл бұрын
Thank you...
@NicoleNark
3 жыл бұрын
Thank you for watching!
@Nrohsoj
2 жыл бұрын
Can you refinance out of it after 1 year?
@briafree1672
3 жыл бұрын
Could I use this if I'm buying a brand new mobile home?
@joseexposito1891
3 жыл бұрын
Send us a link where to apply
@senhuynh3607
3 жыл бұрын
Hi. I want to ask if boa will increase the interest if I apply for the home assistance program and closing
@JuanMorales-ks4ll
3 жыл бұрын
they do 4.8%
@luiskaponi6777
2 жыл бұрын
@@JuanMorales-ks4ll damn that's alot
@3svlogh3
3 жыл бұрын
i live in ny im buying ahouse in okatie sc ive been told i have to have a job set up.
@mohsinbaloch2585
3 жыл бұрын
I'm a co-owner of the house i currently own. Am I eligible for the 2nd home if I purchase? I won't be living on the in first house since own between me and my step son and i'm not planning to live at this house and 2nd house will be my primary house to live. Can i still apply for it?
@CmptrG
3 жыл бұрын
Can the BOA down payment assistance be combined with the Biden home assistance if approved?
@NicoleNark
3 жыл бұрын
Right now it is too early to say since no rules have come out in regards to the Biden tax credit. As soon as more information becomes available, I will make a follow up video!
@fernandasatumbagabalan8395
3 жыл бұрын
Our situation is that we rent the house and the landlord offer us to buy it. We have been on this house since 2013 and right now you can’t find anything that will rent to you and we have two kids a5and a 8 year old. My husband is a Veteran and we don’t have no money for down payment or claim sing cost. I will be a first time home buyer. Do you have any advice for me?
@ebayseller6040
3 жыл бұрын
is there "bank statement loan" with this kind of grant for the self employed?
@jaylenholliday1799
Жыл бұрын
Is there any other grants u can combine with BOA grants
@thelmakimble1113
3 жыл бұрын
Can the Bank of America down payment be use for condos and townhomes or is it only applicable to single family homes?
@jeannied7743
3 жыл бұрын
This is good info
@evangelistaalbertomercedes7905
3 жыл бұрын
Hi Nicole, do you know if this grand from Bank Of American can be combine with Biden $25,000 first time homebuyer?
@kaffeine69
3 жыл бұрын
No
@espartan3806
3 жыл бұрын
@@kaffeine69 HOW DO YOU KNOW?? BIDEN PLAN DOES NOT SPECIFY YET...😒😒😒
@cynthiashaw712
2 жыл бұрын
Do they finance mobile homes
@alashhar
3 жыл бұрын
Good video!
@carlosm809
3 жыл бұрын
Currently I have a construction loan, when I roll this over to a convention loan would I qualify? Thank you!!
@citizenfour9622
3 жыл бұрын
Yes. A construction loan is NOT an FHA conforming loan. However, there is no such thing as free money to buy/ finance a home. These "grants" are NOT grants, they're "promotion" discounts. They'll make their money back and more from you with higher closing costs, higher penalties and higher rates. _It's NOT worth it!_
@mandobizar
3 жыл бұрын
Trying to buy in Ohio from California. I don’t own a home but I’m being told because I live in Ca, it’s considered a 2nd home purchase( my family will live in the home as I have to stay in CA for a few months). Can I qualify?
@francesalemany3696
3 жыл бұрын
I noticed you didn’t mention the income limits as a CON
@oneeespinoza4656
3 жыл бұрын
Question. Can anyone plz help me out figuring these number out. If I want to buy a house of 375k how much money would I have to bring to the closing using this program? Thanks
@ams1890
3 жыл бұрын
@@oneeespinoza4656 3%
@lindsaycarranza5688
3 жыл бұрын
Hello, what are the limits?
@amharicmezmurlyrics8856
3 жыл бұрын
hi NICOLE CAN I GET ALL GRANT I MEAN DIFFERENT GRANT IN ONE PROCESS?????
@williamtejada906
2 жыл бұрын
Yes I need this tape of assistance please. Closing costs assistance and down payment assistance Iam 66year old male my income is 1844 SSI income my credit score is 763 wa you think
@chongxiong6784
3 жыл бұрын
I was approved for the grant but they didn't offer in California
@rebeccabannister5304
3 жыл бұрын
I thought grant was offered in California?
@SuperSunshine310
3 жыл бұрын
It is available just not all areas of ca... Most areas tho
@espartan3806
3 жыл бұрын
WHAT ABOUT TEXAS????🙄🙄🙄
@moneymone1275
3 жыл бұрын
Can you use the program with a new construction home?
@NicoleNark
3 жыл бұрын
Yes! I had a client do just that! If you are buying a house from a builder you can use this. I do not believe you would be able to use this if you are trying to get a construction loan and build from scratch!
@truthTransport
3 жыл бұрын
You have very gorgeous bright shining angel eyes Nicole....
@stephensmith60
3 жыл бұрын
Is one penalized for an early payoff?
@NicoleNark
3 жыл бұрын
Nope! There is no early payoff penalty!
@stephensmith60
3 жыл бұрын
@@NicoleNark Thanks.
@Sistah_Soldier_
3 жыл бұрын
Can this assistance be used to purchase a mobile home?
@NicoleNark
3 жыл бұрын
I am not sure if it could. I would advice you reach out to Bank of America directly since not all lenders handle mobile home loans!
@oneeespinoza4656
3 жыл бұрын
Do I get the 10k downpayment before the closing or after?
@NicoleNark
3 жыл бұрын
It would be used for the purchase but will never be cash in your hand. Bank of America will just apply it to your transaction.
@oneeespinoza4656
3 жыл бұрын
@@NicoleNark Like instead of me giving 20k down I would just give 10k or would they add 10k to the 20k im putting down? That’s the part I don’t understand sorry. Thanks
@josiahshade
3 жыл бұрын
@@oneeespinoza4656 The grant says it will pay 3% of the home purchase price, up to $10,000. So Bank of America is giving this grant in addition to whatever you are putting down. So, for example, if the cost of the home was $300,000 and you put down 20% ($60,000) then Bank of America would still put 3% down or $9,000. (assuming you got approved of course) Which would make your loan balance $231,000. Does that make sense??
@oneeespinoza4656
3 жыл бұрын
@@josiahshade thanks
@ramonajack
3 жыл бұрын
Why, if this is forgivable, are interest rates applied? I'm learning and looking forward to purchasing a home and my husband is a veteran. Thank you
@NicoleNark
3 жыл бұрын
Good question! The interest rate that I refer to in the video is the interest rate that you would have for the conventional loan tied to using this down payment assistance grant! I am happy that you brought this up because that is a distinguishing factor between this program and other forms of down payment assistance that may come in the form of a second mortgage with it's own interest rate on the down payment!
@ramonajack
3 жыл бұрын
Thank you Nicole.
@mikeavila6921
3 жыл бұрын
Using bank of America as my lender? Deal breaker
@gilev3230
3 жыл бұрын
@mike avila feeling too😳. A deal with the devil.
@kennya1425
2 жыл бұрын
You could refinance soon after closing with no prepayment penalty with another lender
@maryprater9218
3 жыл бұрын
What's going on with Biden's plan for $25000? Has it been scrapped?
@NicoleNark
3 жыл бұрын
Here is an update video: kzitem.info/news/bejne/kY6h1YZshWNqm4I
@JetScreamer_YT
3 жыл бұрын
Loan people don't want to put in the extra effort to help me with this stuff. Nobody cares because I'm poor, and everyone else in Connecticut will bring a fatter commission.
@mdramjanramjan8812
2 жыл бұрын
নাইচ ভিডিও
@frankvasquez4983
3 жыл бұрын
Is there a number that I can reach you at?
@markmillington605
3 жыл бұрын
This program may have a 80 percent LTV requirement. With that said, may a borrower combine other grants with thIs Boa grant? Or Can this BOA grant be combined with a Fannie or Freddie back loan?
@NicoleNark
3 жыл бұрын
This program uses a Freddie Mac home possible loan for as little as 3% down!
@espartan3806
3 жыл бұрын
I DONT TRUST BANKS..... I HAVE MY OWN CREDIT UNION....😒😒😒
@Prettybrowneyez714
3 жыл бұрын
Will this grant be applicable for a multi family?
@DATGRAYBOY
3 жыл бұрын
Is it based on household income
@MithosDagon
3 жыл бұрын
Yes, depends on the census tract that the house you buy is in. You can call your local BoA mortgage consultant to get it. So it can be unpredictable whether you qualify or not based on your income and when your house is on the map (you will need to look up the specific address). In my city, the income limits are 77K or 145K depending on the census tract (upper, middle, mediocre or low). So you will need to speak with BoA to be sure for your area.
@uhcoogsfan42
3 жыл бұрын
Negative. It's based on Applicant(s) income, not Household.
@davidvalenzuela2003
3 жыл бұрын
I here first!
@NicoleNark
3 жыл бұрын
You are Awesome! 🎉🏡
@davidvalenzuela2003
3 жыл бұрын
@@NicoleNark LOVE YOUR information! LOOKING TO GET A HOME Mortgage THIS YEAR. VERY informative Videos.
@NicoleNark
3 жыл бұрын
@@davidvalenzuela2003 thank you so much! I am happy to hear that you find them helpful and am so excited for your journey to buying a home!
@PhillyWiz
3 жыл бұрын
Can you build a house with this grant
@dustincurtis8090
3 жыл бұрын
Nicole, My brother and I are looking for an agent to help us find flip and rental properties in hotsprings and possibly littlerock. We have funding ,investors, and rehab crews ready to go. I saw your videos on youtube and wanted to reach out and see if this would be something you would be interested in helping us with?
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