Agent Resource Center

National Builder Division

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Across the country, the Bank of America Home Loans® National Builder Division leadership team and network of mortgage loan officers are focused on providing tools and information to enhance your business and create successful homeowners while helping you manage risk and sell inventory.

Programs & resources

Interest rate protection
Our Builder Rate Cap program1 offers qualified new home construction buyers long-term rate lock protection of up to twelve months. Other features include extended rate lock options and interest rate ceilings with the options to float down to a lower market rate within 60 days or less of closing (or the lock-in expiration date, whichever occurs first). Learn more about our loans and programs.

Online tools

Through certain strategic alliance agreements you can connect with new clients with our online tools, such as the Bank of America Real Estate Center®, which gives you the option of marketing your listings on one of the most visited financial services websites in the world, The Bank of America Online Mortgage Center is an educational tool housed within your website that allows your clients to learn about the home loan process and begin the prequalification process, all without leaving your website.

Project Review Office
To help guide you through the condominium approval process, the Bank of America Project Review Office (PRO) offers in-depth expertise — at no additional cost — to guide you through the agency approval processes, allowing you to convert condominium contracts with approved buyers into sold-out communities. Our PRO is here to answer your questions, provide status updates and help you problem-solve before and during development planning, selling and construction phases. For more information, call PRO at 800.458.1936.

  • Fannie Mae Lender Full Review, Condo Project Manager (CPM) and Project Eligibility Review Services (PERS)
  • FHA, HUD Review and Approval Process (HRAP) and Direct Endorsement Lenders Review and Process (DELRAP)
  • VA Condo Guaranty


Renovation lending
Bank of America offers the FHA 203(k) loan primarily for properties in need of repair. This program combines the cost of buying a home with the cost of making repairs, and with only one closing. Additionally, the loan amount is based on the “as-improved” value, with the cash needed for repairs built into the loan amount.2

  • Owner-occupied residence only
  • 1- to 4-unit residential or mixed-use property
  • 3.5% down payment
  • Loan amount is based upon the value of the property after improvement

The loan includes:

  • The cost to purchase the property or to refinance an existing loan and renovate a qualifying home
  • The cost to improve and/or repair the property
  • Miscellaneous costs such as consultant fees, permits, contingencies and mortgage payments during the construction period (certain restrictions may apply)

To reach a Bank of America renovation specialist, call 800.515.1253 Monday through Friday, 7:00 a.m. to 7:00 p.m. CST, or email


LandSafe® Real Estate Closing Services
LandSafe (a Bank of America company) is a thoroughly experienced resource for end-to-end closing capabilities. LandSafe is dedicated to delivering support and reliable customer service.

Strategic alliances

A smart way to help grow your business, a strategic alliance with Bank of America can help you generate new business opportunities. Alliance programs include Promotional Services, Space Rental, and Marketing Services Agreements. More about alliances.

Affordable housing assistance programs

One of the biggest challenges for first-time homeowners is meeting the cash requirement for down payment and closing costs. Government agencies, nonprofit organizations and some employers offer a variety of assistance programs, including down payment and closing cost assistance programs and grants. Bank of America participates in affordable housing assistance programs that can be combined with government loans to provide more options for clients with modest incomes3. Learn more about Neighborhood Lending programs in your area.










  1. A non-refundable lock-in fee applies and is collected prior to closing. The lock-in fee may be refunded in certain circumstances, ask for details. Rate protection is subject to time limits, other restrictions apply. May not be available for all loan programs.
  2. Available on a 30 year fixed-rate product only. $5,000 minimum loan amount (does not apply to FHA Streamline 203(k)). The minimum down payment for single family residences must equal 3.5% of (1) the sum of the purchase price and cost of improvements, or (2) the as-improved appraised value, whichever is less. All renovation construction and/or additions financed with Section 203(k) mortgage proceeds must comply with HUD; ask for details. Where required, work must be performed by a licensed contractor. Timing of resale of property subject to restrictions. Renovation construction must begin within 30 days of closing and all work must be completed within 6 months of closing. Subject to satisfactory appraisal report(s). Not available for investment properties. Restrictions on secondary financing may apply. State restrictions may apply. Minimum credit scores apply. Not all applicants will qualify.
  3. Down payment and/or closing cost assistance programs may not be available in your area. Down payment and/or closing cost assistance amount may be due upon sale, refinance, transfer, repayment of the loan, or if the senior mortgage is assumed during the term of the loan. Some programs require repayment with interest and borrowers should become fully informed prior to closing. Not all applicants will qualify. Minimum credit scores may apply. Sales price restrictions and income requirements may apply. Homebuyer education may be required. Owner-occupied properties only. Maximum loan amounts may apply.


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