Avoid PMI Without 20% Down | Guide 2022
“Affordable Loan Solution” Program Offers 3% Down Loan
The “Affordable Loan Solution” mortgage is a new conventional loan program from Bank of America intended to be a less expensive option than the popular FHA-backed mortgage.
Take Advantage of Low Rates With Just 3% Down
Low- to no-downpayment loans are popular among home buyers. Mortgage rates are incredibly low, and rental payments are expected to increase significantly in the future.
However, new homebuyers are finding it difficult to come up with 20% of the home value upfront. Fortunately, borrowers don’t need to put 20% down. Continue Reading
