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Get up to

$600 off the origination fee anytime you purchase or refinance

In this changing rate environment, every advantage is important. This mortgage benefit is available each time you purchase or refinance as an eligible or enrolled Bank of America Preferred Rewards customer.¹ (Based on your Preferred Rewards tier or eligibility at time of application.)

Get started

Take advantage of a special mortgage benefit

You can get $200 to $600 off your origination fee now, then another benefit of up to $600 each time you refinance or buy another home in the future. This offer is available to you as long as you remain eligible or enrolled in Preferred Rewards at the time of application.

Refinance

Benefit each time you refinance for a lower rate² or to shorten your mortgage term.³

Purchase

Benefit whenever you buy a home. If you're looking to buy now, you can get prequalified in minutes.⁴

Here’s how much you may qualify for, based on the Preferred Rewards tier:

Gold from $20k to < $50k required three-month combined average daily balance. $200 reduction in the origination fee1 on a new Bank of America purchase or refinance mortgage.

Platinum from $50k to < $100k required three-month combined average daily balance. $400 reduction in the origination fee1 on a new Bank of America purchase or refinance mortgage.

Platinum Honors from $100k+ required three-month combined average daily balance. $600 reduction in the origination fee1 on a new Bank of America purchase or refinance mortgage.

Clients enrolled in the Preferred Rewards Diamond tier ($1MM to < $10MM three-month combined average daily balance) may be eligible for different program benefits. Visit bankofamerica.com/preferred-rewards to learn more.

Ready to apply?

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Questions about applying for a loan?
Give us a call Monday – Friday, 8 a.m. – 10 p.m., or Saturday, 8 a.m. – 6:30 p.m. Eastern.

1

The origination fee reduction and/or interest rate reductions are offered to clients who are enrolled or are eligible to enroll in Preferred Rewards, based on their rewards tier at the submittal of a mortgage loan application to Bank of America, N.A. for a new purchase or refinance loan (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). The rewards tier is not subject to adjustment after the application is submitted. The origination fee reduction ($200 for Gold tier, $400 for Platinum tier and $600 for Platinum Honors tier) will not exceed the amount of the Lender Origination Fee. In order to receive the full Diamond and Diamond Honors interest rate reduction (0.25% for Diamond tier and 0.375% for Diamond Honors tier) the client must be approved for an eligible loan and enroll in PayPlan, our automatic payment service, designating an eligible Bank of America checking or savings account. To allow us to apply and disclose the interest rate reduction and close the loan timely, we encourage Diamond and Diamond Honors tier clients to enroll in PayPlan as soon as possible and prior to the expected loan closing date. PayPlan is not available on VA and FHA products and Diamond and Diamond Honors tier clients closing loans without PayPlan enrollment receive a 0.125% interest rate reduction benefit. For adjustable rate mortgages (except PrimeFirst®), the discounts are applied to the interest rate only during the initial fixed-rate period. For PrimeFirst® adjustable rate mortgages, the discount is applied to the margin and cannot reduce the margin below 0%. Some Preferred Rewards benefits cannot be combined with other offers. All mortgage interest rate reduction offers may be subject to a maximum interest rate reduction limit. For further details, refer to the Preferred Rewards section of the Personal Schedule of Fees. Preferred Rewards benefits are non-transferable and are not available with Custom Residential Real Estate financing.

You can enroll, and maintain your membership, in the Bank of America Preferred Rewards program if you have an active, eligible personal checking account with Bank of America® and maintain the balance required for one of the balance tiers. The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Balances include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certificate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance requirement for enrollment with either:

i. a three-month combined average daily balance in your qualifying deposit and investment accounts, or

ii. a current combined balance, provided that you enroll at the time you open your first eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.

After enrollment you must maintain the three-month combined average daily balance to stay in the program. Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program benefits. Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. Benefits become effective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Bank of America Private Bank clients qualify to enroll in the Diamond Tier regardless of balance, and may qualify for the Diamond Honors tier based on their qualifying Bank of America Merrill and Private Bank balances. Certain benefits are also available without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Bank of America employee qualification requirements, please call Employee Financial Services or refer to the Bank of America intranet site. Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to participate on customized terms. Refer to CEBI Program for details.

2

You are invited to apply. Your receipt of this material does not mean you have been prequalified or pre-approved for any product or service we offer. This is not a commitment to lend; you must submit additional information for review and approval. If you are refinancing to lower your monthly payment or change from a variable-rate to a fixed-rate loan, you should carefully consider the potential increase in the total number of monthly payments and/or the total interest charges paid over the full term of the new refinance loan — especially for borrowers who currently have loan terms less than 30 years.

3

Refinancing into a shorter term loan may result in an earlier loan payoff date if the refinance loan term is shorter than the remaining payment schedule on your current mortgage. Refinancing may result in the payment of more principal and interest when compared to your current loan. Call for details about your particular situation.

4

Prequalification is neither pre-approval nor a commitment to lend; borrower must submit additional information for review and approval.

Bank of America Digital Mortgage Experience is a trademark of Bank of America Corporation.

Banking, mortgage and home equity products offered by Bank of America, N.A., and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

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