01/01/2026
"As an example, here at Bank of America, we have a down payment grant program that will pay 3% of the purchase price, up to $10,000. We have a homeownership grant program where we will give $7,500 toward closing costs to permanently buy down the interest rate or cover one-time costs. And then we have 3% down payment mortgages that you can utilize. So just here at Bank of America—[we offer] up to $17,500—plus what you can find at the local level. That can make the difference between a [client] buying or having to wait."
Great information for buyers in 2026................
Bank of America’s Matt Vernon shares insights on how rates, loan products and technology could shape the mortgage landscape in the new year.
