Home Ownership Made Easier! The Godbout Mortgage Team Product Update

Recent volatility in the financial marketplace has called into question the availability of certain types of mortgage financing.  Bank of America remains committed to offering its customers and business partners a wide-range of financial solutions including non-traditional, interest only and 100% financing.  Here are some of the specialty loans we continue to offer:

Community Commitment/ACORN Programs:

100% financing to $417,000 with below market rates (BMO)

No minimum credit score requirement, no second mortgage, no mortgage insurance

Community Accommodation Programs:

100% financing to $417,000

80/20 No Mortgage Insurance – DTI up to 60% w/ No Reserve Requirement

Neighborhood Champions Protected Mortgage:

100% financing to $650,000 for Teachers, Police Officers, Firefighters, and Medical Workers

Bank of America paid COBRA benefits and up to $300,000 in AD&D insurance

Bank of America Physician Loan Program:

  100% financing to $1 million with no second mortgage or mortgage insurance (PMI)

State Income/Verified Assets (SIVA):

100% financing available to $750,000

  95% financing available to $1 million

State Income/Stated Assets (SISA):

95% financing to $750,000

80% financing to $1 million

Please call us today!  It would be our pleasure to help and answer any questions you might have.

Rich Godbout Mortgage Loan Officer (800) 350-7594 x 1467 Toll Free (301) 571-1467 Direct (240) 372-RICH (7424) Cell  Rich.Godbout@BankofAmerica.com http://ae.bankofamerica.com/richgodbout

Hablo Español – Emily Lopez 301-571-1430 emily.m.lopez@BankofAmerica.com   

*This is NOT a commitment to lend.  All programs have specific credit, income, asset, occupancy and reserve requirements which must be verified prior to commitment.  Underwriting guidelines may be modified at any time and are subject to change in the sole discretion of Bank of America.  Information is deemed reliable as of 08/06/2007.  Please contact us directly for rate information.