Buyer and seller Resources Budgeting Resources Budgeting Guide The Ultimate Guide to Budgeting DOWNLOAD Budgeting WORKSHEET An excellent budgeting resource that allows you to calculate expenses. credit Resources annual credit report Access your free annual credit report. SELF CREDIT BUILDER Self's Credit Builder Account helps you build credit history with 3 of the leading credit bureaus. Credit Builder Card Receive you credit card in as little as 2 weeks home buying resources buying a home Thinking about buying a home? We have information that can help! due diligence Due Diligence for residential buyers with answers to your FAQs land resources What to Know Before You Buy Land Investigate before you invest. North Carolina Flood Risk Information System Research whether an address is in a flood zone in North Carolina. FEMA Flood Map Service Center Research properties for flood information in the area. Web Soil Survey Soil surveys can be used for general farm, local, and wider area planning. BANK OF AMERICA DOWN PAYMENT PROGRAM FAQs What is the criteria to qualify for the program? Expand The applicant can not have any late payments in the last 12 months. A BOA approved homebuyers course must be completed. Do all properties qualify? Expand No. Only certain homes will qualify for the program. They can be located on BOA’s real estate center website. What does the program consist of? Expand The program will pay up to 10k towards the down payment and non-recurring closing cost. Will I still need other funds? Expand Yes, you will still need immediate access to earnest money which is normally 1% of the purchase price. Due diligence monies may apply as well. In addition to funds for a home inspection and recurring closing cost. What is the recurring closing cost? Expand Annual premiums such as property taxes, homeowners insurance and HOA fees. Is this program being offered everywhere? Expand Not at this time. The program is currently a pilot program offered in Charlotte, Dallas, Detroit, Los Angeles, and Miami. How long will it take to get approved? Expand This will depend on several factors and it would be best to speak with a loan officer at your local Bank of America branch. WANT TO LEARN MORE?
