Yale Mortgage Loan Program - Bank of America
Yale Mortgage Loan Program | Bank of America
Program Area: |
Description: |
|---|---|
| Downpayment requirement: | As little as 5% (on primary residences only) 95% loan-to-value with Private Mortgage Insurance |
| Application Fee - Single Family - Multi-Family |
There is no application fee. Appraisal Fee is collected at time of application and varies based on value and property type. |
| Commitment Fee (Points): |
No Discount |
| Rate Savings: | 1/2 of 1% off any fixed rate mortgage product |
| Available Mortgages - Yale |
Any Fixed Rate Mortgage Product |
| Special Requirements: | Participants must have direct deposit of their Yale payroll into a Bank of America account and the monthly mortgage payment automatically deducted from a Bank of America account. |
| Yale Mortgage Program Exclusions: | Discounts above do not apply to promotional offers special or government programs, FHA, VA or CHFA, or similar mortgage programs (these programs are already discounted). |
Bank of America Yale University Mortgage Representative
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For additional information, assistance, counseling, or to apply for a mortgage, please contact:
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Please note: Bank of America is in the process of restructuring their resources which may prolong the loan approval process.
For specific details and current mortgage rates, contact a Yale University Bank Mortgage Counselor at the telephone number(s) or email addresses provided above.
These offers are subject to change without notice.
