Bank of America

                 Best Lender for No Minimum Loan Amount

Bank of America

A major financial institution serving homeowners nationwide, Bank of America has good customer satisfaction ratings. The bank has an A+ Better Business Bureau rating and a J.D. Power rating of four, which is better than most.

Highlights:

• Mortgage types offered: Conventional, VA, FHA, refinance, home equity
• Minimum FICO score: 620
• Maximum loan-to-value ratio: 100%
• Maximum debt-to-income ratio: 55%
• Loan amounts: Up to $5,000,000
• Total closing costs: Varies
• J.D. Power overall satisfaction rating: Four out of five

1. Best Features
2. Bank of America has a wide variety of mortgage products.
3. The lender offers annual percentage rate or closing cost discounts for qualifying Bank of America and Merrill Lynch clients.
4. Home equity lines of credit have no annual, balance transfer or cash advance fees or closing costs.

SEE FULL PROFILE

Best Lender for Up to $3,000 Cash at Closing With a Grant and Education Course