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.
Step 1: Prepare your finances
Determine what’s within your price range with our affordability calculator.
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.
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.
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 the ins and outs of the process
Use our overview and actionable tips to navigate your home loan application process with confidence.
Get to know the approval process
Learn some of the factors that will be considered when your home loan application is reviewed.
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.
Putting the dream of homeownership within reach
Bank of America Community Homeownership Commitment® program
Explore our solutions that help make home ownership affordable for modest-income and first-time homebuyers.
See how we’re empowering first-time homebuyers
Learn about our continuing commitment to help communities across the nation thrive through the power of homeownership.
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.
