Bank of America

No Fee Mortgage PLUS

Why No Fee Mortgage PLUS?

No fees. No worries. No, really.

No Fee Mortgage PLUS can help you save thousands of dollars by eradicating many of the fees associated with purchasing a home. Here's how:

$0 Application Fee.
You shouldn't have to pay just to apply for a mortgage. With us, application is free. (Legal note: Savings calculations based on 2007 Bankrate Study.)
$0 Closing Fees.
No closing fees means you can save thousands of dollars. Instead of giving you a long list of closing fees, No Fee Mortgage PLUS lets you keep more money in your pocket for the things you need today. (Legal note: Savings calculations based on 2007 Bankrate Study.)
No Private Mortgage Insurance. Typically, if you put down less than 20%, many lenders require you to pay Private Mortgage Insurance. That can really add up over the life of your mortgage. (Legal note: Disclosed savings are based on a loan amount of $200,000 with a 30-year fixed term, a 6.856% APR, 0.311 points, 360 monthly payments of $1,297.20, principal and interest only, 120 monthly payments of $130.00 mortgage insurance in years 1-10 and $33.33 mortgage insurance payments until LTV drops below 78% at 30% coverage, and a 95% LTV (rate as of 4/13/2007). Your benefits may differ depending upon loan amount and term and selections under the No Fee Mortgage PLUS program.)
Close-On-Time Service Guarantee. Waiting to close on your new home can be time-consuming and stressful. We guarantee that if we don't close your loan within 25 calendar days after the date you submit your completed application to us, or on your requested closing date, whichever is later, your first month's mortgage payment -- principal and interest Ã is on us.
Best Value Guarantee. We're so sure we have the best mortgage deal on the market that if you can find a better deal anywhere and close, we'll give you $250.

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Contact Us By Phone

Talk to a Mortgage Specialist. Call 1.800.606.9692

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