Home financing solutions from Bank of America designed to meet your real estate financing needs.
Personal real estate may be among your most significant assets, and how you finance it can have a substantial impact on your financial strategy.
Whether you’re planning to acquire a home or special asset, considering an investment opportunity, developing a strategy to pass on your wealth, or simply managing everyday cash requirements, your Merrill Private Wealth Advisor and a Bank of America lending specialist can help you find the right mortgage solution to complement your overall financial goals.
Custom Residential Real Estate Solutions1
For more complex residential real estate financing needs that can’t be met with a standard mortgage, Bank of America also offers Custom Residential Real Estate solutions. These personalized financing solutions offer loans based on your liquidity, cash flow and assets — while also factoring in your tax-efficiency goals.2
Fixed-Rate Mortgages
The interest rate will remain fixed. Your mortgage interest rate, and your total monthly payment of principal and interest, will stay the same for the entire term of the loan.
Adjustable-Rate Mortgages
The interest rate may change periodically depending on the corresponding financial index associated with the loan. Option to choose principal and interest payments or interest-only for a period of the loan term.3
Mortgage 100® and Parent Power® Programs4
Finance up to 100% with these home financing programs that allow you to pledge eligible securities instead of liquidating assets to make a cash down payment on an eligible mortgage for yourself or a family member.5
Bank of America® Doctor Loan6
Designed to meet the needs of medical professionals who have student loans7 after years of education, have accepted a new position or residency and are now looking to purchase or refinance their primary home.
Connect with a Merrill Private Wealth Advisor.
Related Solutions
1 Borrower-paid attorney fees apply. Minimum borrower liquidity of $3,000,000 or $5,000,000 net worth (including primary residence), and $1,000,000 post-closing liquidity. Other restrictions apply, ask for details. Custom residential real estate financing may involve special risks and is not suitable for everyone. Please obtain advice from your third-party legal, tax, insurance and accounting advisors before changing or implementing any financial, tax or estate planning strategy and to determine what custom residential real estate solution might be right for you. Merrill Lynch, Pierce, Fenner & Smith Incorporated, does not make commitments for or fund loans. Bank of America, N.A., (the “Bank”) does not serve in a fiduciary capacity with respect to all products or services. Fiduciary standards or fiduciary duties do not apply, for example, when the Bank is offering or providing credit solutions, banking or custody services or referrals to other affiliates of the Bank.
2 Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
3 Some loans offered by Bank of America have a payment option that allows you to pay only the interest on the money you borrow for the first 10 years of the loan. If you pay only interest, you will still owe the original amount borrowed at the end of the 10-year period, and your monthly payment will significantly increase — even if interest rates stay the same — because you must pay back the principal as well as interest. Ask about your payments after the end of the interest-only period and carefully consider the possibility of “payment shock.” If you are considering an adjustable-rate mortgage, ask about your payments if interest rates increase. Loans with an interest-only payment option may require a lower loan-to-value ratio, other restrictions apply, Ask for details.
4 Mortgage 100® and Parent Power® programs require the pledge of eligible diverse securities owned by an individual and maintained in a Merrill Lynch, Pierce, Fenner & Smith Incorporated (Member, Securities Investor Protection Corporation [SIPC]) brokerage account. These programs may not be suitable for everyone, and a default on your mortgage could result in the loss of both your home and the securities pledged. Should the value of the securities pledged as collateral decrease below a certain level (as specified within the loan documents), the deposit of additional assets and/or liquidation of assets may be required. Merrill may liquidate some or all of the securities in the account without contacting you. You are not entitled to an extension of time to meet a collateral call or choose which securities in your account are sold to meet the collateral call. Liquidation may result in adverse tax consequences. Mortgage interest may not be deductible if tax-exempt obligations are pledged as additional collateral, consult your tax advisor. Trading within the brokerage account for the 100% financing programs is subject to restrictions.
5 The Parent Power® program is not limited to parents who want to help their children with home financing. The applicant's parent, child, dependent or any other individual related to the applicant by blood, marriage, adoption or legal guardianship or from a domestic partner, fiance or fiancee can pledge securities.
6 An applicant must have, or open prior to closing, a checking or savings account with Bank of America. Applicants with an existing account with Merrill or Bank of America Private Bank prior to application also satisfy this requirement. Eligible medical professionals include: (1) medical doctors who are actively practicing, (MD, DDS, DMD, OD, DPM, DO), (2) medical fellows and residents who are currently employed, in residency/fellowship, or (3) for salaried employees only: medical students and medical doctors who are about to begin their new employment/residency or fellowship within 90 days of closing. Those employed in research or as professors are not eligible. For qualified borrowers with excellent credit. PITIA (Principal, Interest, Taxes, Insurance, Assessments) reserves of 4 - 12 months are required, depending on loan amount.
7 Additional documentation is required.
Banking, mortgage and home equity products are provided by Bank of America, N.A., and affiliated banks, Members FDIC, and wholly owned subsidiaries of BofA Corporation (“BofA Corp.”). 
Equal Housing Lender.
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.