Planning on buying a home?

Explore rates, tools, tips and resources to help whether you’re a first-time homebuyer or looking toward your next move.

Boost your confidence with the homebuying process

Here are the three basic steps to help you better understand the process.

Woman and man sitting on living room floor, surrounded by boxes

Step 1: Prepare your finances

Determine what’s within your price range with our affordability calculator.

Home affordability calculator

Bank of America Down Payment Center web page on laptop computer

Step 2: Save for a down payment

Your down payment affects how much you'll need to borrow, your interest rate and more. Visit our Down Payment Center to get help with up-front costs of buying a home.

Visit our Down Payment Center

Transcript

Step 3: Prequalify for a home loan

Learn the difference between prequalifying and preapproval in this informative video. Then use our easy-to-navigate digital mortgage experience to see how much you can borrow.

Get prequalified

TIP: Make a larger down payment if possible. This will result in a smaller loan amount and lower monthly payments.

Putting the dream of homeownership within reach

Man in the foreground looking into the future, background has an illustration of a house that fades into a real house

Bank of America Community Homeownership Commitment® program

Explore our solutions that help make home ownership affordable for modest-income and first-time homebuyers.

Learn more

See how we’re empowering homebuyers

Learn about our continuing commitment to help communities across the nation thrive through the power of homeownership.

Learn more

Multi-generational family celebrating in backyard

Maximize your rewards earn with exclusive benefits

As a Bank of America Preferred Rewards® member, you’ll enjoy benefits and rewards all designed around the ways you save, spend and borrow with Bank of America.

Learn more

What will you pay each month?

Go to mortgage calculator Get rates

Use our mortgage calculator to estimate your monthly payments or view today’s mortgage rates.

Search for the perfect home right here

Everything you need to jump start your journey

Use our home search tool to start browsing up-to-date listings for the home that meets your priorities and budget.

Improve your mortgage IQ

A mortgage is a loan used to purchase a home where the property serves as the borrower’s collateral. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest.

Understand your options

Mortgages are available in a variety of types, including fixed-rate and adjustable-rate, and have specific monthly payment terms such as 15- or 30-year mortgages.

Learn more