Bank of America launches zero down payment mortgages to help minorities buy their first homes — here's who can apply

Bank of America launches zero down payment mortgages to help minorities buy their first homes — here's who can apply.

Bank of America is launching new zero down payment, zero closing cost mortgage products to help members of predominantly minority communities buy their first homes.

Eligibility is based on income and home location. No minimum credit score or mortgage insurance is required.To help narrow a homeownership gap among Black and Hispanic-Latino communities, Bank of America is launching new zero down payment, zero closing cost mortgage products to help people in minority communities buy their first homes.

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