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BofA Offers No Origination Fee On Some Mortgages

May 23, 2019

FHA, VA and Freddie Mac Home Possible loans are now available without origination fees, thanks to Bank of America, according to a recent report from HousingWire.

 

"Bank of America is also now offering a $0 lender origination fee on certain mortgages," according to the report.

 

"Origination fees are typically between 0.5% and 1% of total loan amount, meaning on a $250,000 loan, borrowers likely pay somewhere between $1,250 and $2,500 in origination fees."

 

This offer will be valid over the next five months and the company also revealed that there are a number of other low down payment loans that eligible for a discounted origination fee. 

 

This offer will end on October 31, 2019, as the company looks to be pushing it throughout the entire buying season. 

 

To learn more about this offer and the loans that qualify, click on the image above

 

 

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