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  1. The funds do not require repayment. [1] Our Down Payment Grant program offers a grant of up to 3% of the home purchase price, up to $10,000, to be used for a down payment in select markets. Grant Program is available with one mortgage product. Contact a lending specialist for more information.

  2. Aug 30, 2022 · Bank of America participates in more than 1,300 state and local down payment and closing cost assistance programs. Bank of America Real Estate Center – site to help homebuyers find properties that may qualify for Bank of America grant programs and Community Affordable Loan Solution™. For more information, contact Bank of America at 1-800 ...

  3. Down Payment Grant program may be considered taxable income, a 1099-MISC will be issued, consult with your tax advisor. May be combined with other offers. The home loan must fund with Bank of America. Down Payment Grant may only be applied once to an eligible mortgage/property, regardless of number of applicants. Homebuyer education is required.

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