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Yes, they can take anyone with a low credit score. You may have to pay more up front, but it is possible.

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Q: Can you get a Bank of America mortgage with a low credit score?
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Related questions

What are the introductory rates for Bank of America mortgage?

Depending on your credit score, Bank of America mortgage rates can be as low as .5% or as high as 20% APR.


Where can I find a mortgage company that will approve a mortgage when I have a 553 credit score?

There is probably no credit union or bank that will approve you when your score is that low. What on earth did you do to have such a horrible credit score? You should be ashamed of yourself.


What credit score is required for a bank of america mortgage loan?

I found on several websites where there were FAQ, they would say there is no minimum credit score required. It all depends on the loan manager as to if you qualify.


Does Bank of America take credit cards for mortgage payments?

Yes.


Can you pay Bank of America mortgage with credit card?

Bank Of America does not allow payments towards mortgage balance to be applied from a credit card, only a checking account. Cash advance from a credit card can be obtained and then transferred to a checking account which is being used for the mortgage payment.


What are the current Bank of America mortgage rates?

Right now Bank of America is offering rates of 4.625% for a 30 year fixed or 3.750% for a 15 year fixed. Of course, this is based on a very good credit score, so the lower your score the higher the interest rate.


How do you find out about your mortgage credit score?

Someone interested in finding out about their mortgage and how their credit score is affecting it should make a meeting with their bank. One could meet with a financial advisor who could answer all financial questions.


Is there a bank that can keep me informed about my credit score?

Yes, there are banks which can keep you informed of your credit score. A good bank that does this is the Bank of America. They can also tell you when you are going in the wrong direction.


Which bank is best to get a mortgage?

Mostleaders/banks have the same products, your ability to get a mortgage loan will be hinged on your credit score and your ability to purchase a house.


If you have a credit score of 604 can you buy a home with this score?

Each mortgage company or bank will have their own requirements. In addition to a credit score, there are other factors such as income. A credit score of 604 may be high enough to get a home with a high interest rate.


What is the normally range for a bank mortgage interest rate?

The average bank mortgage interest rate is around 3.05 percent. Keep in mind that this may vary based on other factors such as your credit score and the amount of the mortgage.


What type of credit rating must one have to get a mortgage from Bank Of America?

The absolute lowest credit rating required to get a mortage at any bank is 580. Bank of America's credit requirements are probably higher than that, being closer to 680.