Bank Of America Fha Loan

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To see if your mortgage may be FHA-insured, look at page 2 of your monthly loan statement. On the right side of the document under "Loan Type and Term," you’ll see the length of the term and the type of loan. If you’re having difficulty finding the information, call us. If you don’t have an FHA loan, other options may be available.

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Va Or Conventional Mortgage The VA loan is a $0 down payment mortgage option available to Veterans, Service Members and select military spouses.VA loans are issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).

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Aside from the jumbo and fha offers above, these Bank of America mortgage rates assume a down payment of 20% and a loan size of $175,000. On the other hand, the jumbo mortgage requires your loan to be larger than $453,100 (for single-family homes). For the FHA loan, the required down payment is just 3.5%.

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A $968 million government settlement with SunTrust Banks that will provide $500 million in relief to underwater borrowers highlights flaws in the bank’s underwriting of FHA loans. and Bank of.

Contact us if you are aware of Banks and Mortgage Lenders defrauding the Government Through FHA or VA Insured Loans.. approved subprime loans and committed mortgage fraud at the expense of the American people.

Having trouble with your home loan payments? We’re here to help. Understand what Bank of America home loan assistance options are available to you.

View today’s mortgage rates for fixed and adjustable-rate loans. Get a custom rate based on your purchase price, down payment amount and ZIP code and explore your home loan options at Bank of America.

FHA Modification. If you have an FHA loan, you may be able to lower your monthly mortgage payments.. If you have a Bank of America home equity loan or line of credit, a home equity loan modification may help you afford your monthly payments. Learn more. Hardest Hit Fund.