Bank of America Announces Zero Down Payment Mortgage

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In an effort to increase homeownership among Black and Hispanic

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Latino populations. Bank of America announced that it is now providing zero

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down payment, and zero closing cost mortgages to first-time homebuyers in a limited number of area

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Initially, the option will only be accessible in a select number of Charlotte,

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Dallas, Detroit, Los Angeles, and Miami communities.No minimum credit score is

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needed, and there is no requirement for mortgage insurance, a tax that is generally

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added to the purchase price for buyers who put down less than 20%

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According to the bank, the new mortgage, known as the Community Affordable Loan Solution,

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applicants do not need to be Black or Hispanic to be eligible for the product.

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House Of The Dragon’s Co-Showrunner Announces Shocker Exit

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