Agent Resource Center

National Builder Division

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Specialized support for you and your buyers.
Experience the benefits of working with us.

It's easier to grow your business when you have the right tools, resources and support. That's where Bank of America can help. Our National Builder Division is a dedicated leadership team with a network of mortgage specialists who are focused on new construction lending. Here are some of the ways we can support you and your homebuyers every step of the way.

The National Builder Division offers:

A network of mortgage specialists. We'll work closely with your homebuyers from application to closing and keep you informed every step of the way.

A "PRO" team. Our Project Review Office (PRO) makes condo approvals easier with a complete line of FHA, VA and Fannie Mae approval services.

Appraisers who understand new construction. Get high quality, competitively priced appraisals for your clients from professionals who are familiar with new construction.


Resources that can support your business and help your homebuyer:

Learn the

Our online Home Loan Guide can help clarify the home buying process from beginning to end.

Look for down
payment help

Your clients can use the Down Payment Resource Center to help make buying a home more affordable.

Build financial

Your buyers can visit Better Money Habits™ to get free, unbiased information in a simple, conversational format.

Work with a
local partner

Our Neighborhood Lending team offers community partnerships, first-time homebuyer education and more.

1Minimum credit scores apply. Not all applicants will qualify. Monthly mortgage insurance premiums (MIP) and Upfront Mortgage Insurance Premiums (UFMIP) apply. Maximum loan amount varies by county.

2Maximum loan amount varies by county. VA loans require a VA funding fee at closing. The fee is higher with a zero down payment. If a down payment of 5% or more is made, the fee is reduced. The VA funding fee is non-refundable.

3For jumbo loan amounts used to purchase a single family residence on a loan amount of less than $1 million, borrower must provide documentation totaling a minimum reserve of 6 months of principal, interest, taxes, homeowners/hazard insurance and assessments (homeowner’s association fees/ dues/special assessments) — (“PITIA”) related to subject loan/property. For loan amounts greater than $1 million and up to $2 million, documentation totaling a minimum reserve of 12 months of PITIA is required. Interest — only payment option, property and/or occupancy type may require a higher level of reserves, please ask for details. For loan amounts greater than $2 million and less than or equal to $3 million, borrower must provide documentation of reserves totaling a minimum of 24 months of principal, interest, taxes, homeowners/hazard insurance and assessments (homeowners association fees/dues/special assessments) related to subject loan/ property. For loan amounts greater than $3 million, the same reserves are required and must be held in a Bank of America and/or its affiliates (Merrill Lynch and/or U.S. Trust) account. Two separate full appraisals are required. Excellent credit required, including proof of recent consistent mortgage payment history. Loan to value and property type restrictions apply, ask for details. Not available on all loan programs. Other restrictions apply.

4An applicant must have, or open prior to closing, a banking relationship with Bank of America. The relationship can be (at a minimum) a checking or savings account. Medical professional (MD, DDS, DMD, OD, DPM, DO residents and students whose employment begins within 60 days of closing) must be actively practicing in their field of expertise. Those employed in research or as professors are not eligible. For qualified borrowers with excellent credit. PITIA (Principal, Interest, Taxes, Insurance, Assessments) reserves of 4-6 months are required, depending on loan amount. Other restrictions apply.

5A non-refundable lock-in fee applies and is collected prior to closing. Rate protection is subject to time limits, other restrictions apply. May not be available for all loan programs.

6One-time "float down" option to a lower market rate is only available within 60 days or less of closing (or the lock-in expiration date, whichever occurs first).










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