Bank of America Mortgage Rates: Current Trends and How to Qualify
2024 Rate Overview:
30-Year Fixed: ~6.5% APR (as of July 2024).
15-Year Fixed: ~5.9% APR.
Jumbo Loans: Rates vary by credit profile.
How to Get the Best Rate:
Credit score of 740+ for prime rates.
Provide 20% down payment.
Bundle with BofA Preferred Rewards.
Application Process:
Prequalify online.
Submit documents (pay stubs, tax returns).
Close in-person or digitally.
FAQ:
Does BofA offer VA/FHA loans? Yes, with competitive terms.
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