ࡱ>    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry FȪR]tWordDocument ECompObjnar a = axel * 10000000000000; document.write(''); Bank of America: Home
Home • Locations • Contact Us • Help • Sign In
Loans and Home Buying
skip navigation links
Information for California. Change state

Mortgages

Fixed-rate mortgages

You plan to be in your home for a number of years and want the same monthly payment.

Adjustable-rate mortgages

You're looking for lower initial monthly payments, while qualifying for the most home you can buy.

Special mortgage programs

Loans1 with affordable and flexible terms to meet your needs.

  • Neighborhood Advantage Zero Down™
  • Neighborhood Advantage Credit Flex™
  • Loans for veterans and teachers
  • Federal Housing Administration loans
  • Combination first and second mortgages
  • Construction financing loans

Mortgage time savers

Eliminate most of the paperwork when you apply for a home-purchase or home-refinance mortgage.

  • Hassle free mortgages2
  • Streamlined refinancing

Borrowers Protection Plan

An optional feature of your mortgage that can provide peace of mind during an unexpected job loss or disability.

Start your loan now

Compare your loan choices

  Fixed-rate mortgage Adjustable-rate mortgage
Monthly payments Fixed for the life of your loan. Low monthly payments during initial fixed-rate period.
When interest rates rise Your interest rate stays the same. Rate goes up no more than 2% annually after the initial fixed-rate period on the 1- and 3-year ARM and no more than 5% annually the first time after the initial fixed-rate period on the 5- and 7-year ARM.

You could also refinance or convert to a fixed-rate mortgage.
When interest rates fall No prepayment penalty for refinancing at a lower rate. Rate goes down as much as 2% annually after the initial fixed-rate period, except on the 5- and 7-year ARM it goes down as much as 5% the first time after the initial fixed-rate period.

You can also refinance or convert to a fixed-rate mortgage.

Enjoy lower monthly payments.
No Yes
Down payment As little as 5% down. Also, learn about our Neighborhood Advantage Zero Down program. As little as 5% down. Also, learn about our Neighborhood Advantage Zero Down program.

Rates

Oct 15,  06:01am PST
Custom Mortgage Quote
(%)
Fixed-Rate Mortgages
Loans to $300,700
30-year6.1250.5616.211
15-year5.6250.1725.707
Loans over $300,700
30-year6.6250.0476.664
15-year5.8750.0165.938
Adjustable-Rate Mortgages
1-year4.6250.0184.200
3-year4.8750.1984.355
5-year5.1250.2304.549
7-year5.6250.1184.909

Learning Center

Helpful guide to choosing a loan

Advantages of prequalifying

Deciding to refinance

Tools and Calculators

Which is better: fixed- or adjustable-rate?

What's my home worth?

What will my refinancing costs be?

1Loans subject to availability by state.

2"Hassle-free" refers to our 80% less paperwork mortgage process. Not all applicants will qualify for reduced paperwork benefits. All credit is subject to approval. Normal credit standards apply.

Home • Locations • Contact Us • Help • Sign In • Site Map
Personal Finance • Small Business • Corporate & Institutional
About the Bank • In the Community • Financial Tools & Planning • Privacy & Security • Careers
Official Sponsor 2000-2004 U.S. Olympic Teams
Bank of America, N.A. Member FDIC. Equal Housing LenderEqual Housing Lender
© 2002 Bank of America Corporation. All rights reserved.
 &'()*+,EFGH]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8              ! " # E F G H I J K L M N O P T U V W X Y Z [ \ ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8     w x y z $ ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8$ % & ' ( ) * @ A B C D E W X Y Z [ \ n o p q r ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8       ! " # $ 6 7 8 9 : ; M N O ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8O P Q Y Z [ \ ] ^ p q r s t u     ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8 !"#EFGHIJKLMNOPQRSK L M N O P Q R ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8R W X Y Z [ \ ] ^ !!!!!!!!!"!#!$!%!&!'!(!)!*!v%w%x%y%z%{%|%}%~%%%%]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%&&&&& & & & & &&l&m&n&o&p&q&r&w&x&y&z&{&|&&&]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8&&&&&&.6>FNV^fnv~rstuvwxy wxyz{|jklmno{|]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8|}~-./01opqrst?@ABGHIJKL-./01IJM]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8MNOPƒǒȒɒʒ qrst789:VWXY]^ABCDEF)*+,-23456]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]867MNOŞƞǞȞɞʞ˞)*+,-6789:;KLMNOPYZ[\]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8]^=>?@ABVWXYZ\]^_`afghijstuvwxңӣԣգ֣ףأ=>?@ABlm]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8mnopqr$%&'stuv#$]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8$%&'ABCDϧЧѧҧӧԧ =>?@AJKLMNObc345678WXYZ[\]^_`a]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8abcdd¶öĶǶȶɶʶʾ2345678{|}~ !]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8!"#$%)*+,-./~STUVWXYYLMNOPQR]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]8fghijkllllllll     A B C Q R S T U ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]- '*F   F J N U Y !  x % ' A X o  7 N Z !Z q FJL X !#!w%%%%%&!&m&x&&&stvxxzkm|.pq@HJ./Jǒ!ǒ r8WB*35NƞǞ*7LMZ>]gtӣԣ!ԣ>m%t$BЧ>Kc45XZ^`c¶ȶ!ȶʶ3| *TMg  B R  7AK@Normala "A@"Default Paragraph Font@ FMicrosoft Word 6.0 Document MSWordDocWord.Document.69q