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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.

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


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.


Will the bank allow the heirs to continue to pay mortgage after a parent dies?

The bank expects the estate to keep the mortgage current. They may allow the mortgage to be assumed if the credit rating of the individuals is acceptable.


How does my credit affect the mortgage rate I can expect to get?

Your credit rating will affect whether or not you can actually get a mortgage. Those with bad ratings may not get a loan from a bank. A great site for checking mortgages is moneysupermarket.com


What are some trustworthy bad credit mortgage companies?

Some trustworthy bad credit mortgage companies are First America and US Bank. They will provide you with reasonable rates on your mortgage when you decide to buy.


Where can one get advice on obtaining a mortgage loan when one has a bad credit report?

Advice for obtaining a mortgage loan when one has bad credit can be obtained from bank or mortgage companies such as Wells Fargo or Bank of America Home Loans. Information can also be found on the websites Mortgage Digger and Quicken Loans.


Where can one find a mortgage shop?

There are several places that one can find a mortgage. The three main places include a bank such as Wells Fargo and Bank of America, Credit Union, or Broker.


Which companies offer credit mortgage loans?

There are many different companies that offer credit mortgage loans to consumers. These companies include, but aren't limited to, The Bank of America, First Merit, and Huntington.


Where can one get a home mortgage loan if they have a bad credit rating?

Places to get a mortgage loan if someone has a bad credit rating are Quicken Loans or Chase Bank. They can help if you have other means of good payment standings in things such as utility bills and rent paid by check or money order with the proper receipts.


Where can someone with a poor credit rating qualify for mortgages?

You can qualify for a mortgage with a bad or poor credit rating at your local bank or credit union. You may have to do certain things such as eliminate all other forms of debt you currently have or finding a co-signer first though.


What financial services does the Bank of America offer?

Bank of America offers a wide variety of financial services. Some services provided by Bank of America include credit cards, checking accounts, mortgage loans, and retirement investments.