Demystifying the Homebuying Process: Free Homebuyer Workshop

Bank of America’s free Homebuyer Workshops provide guidance, tips and resources to help you learn and prepare for your homeownership journey. During the workshop, attendees will learn:

• The benefits of owning a home
• How to review your credit score and decide how much you can comfortably afford
• Types of mortgage programs including a 3% down payment mortgage with lower-cost mortgage insurance
• Steps to becoming a homebuyer and understanding when to choose prequalification vs. preapproval
• Resources to find down payment assistance programs
As part of the Community Homeownership Commitment, Bank of America is helping first-time and other qualifying homebuyers in eligible communities across the country begin to build their personal wealth and family legacy through the power of homeownership.

Through a combination of specially designed products, resources and expertise, the program is intended to help 60,000 families achieve homeownership through the year 2025. With one of the most generous grant programs in the industry, Bank of America offers up to $17,500 in combined down payment and closing costs grants – no repayment necessary.

Additionally, the Bank of America Down Payment Center helps homebuyers find state and local down payment and closing cost assistance programs in their area and the Bank of America Real Estate Center® identifies down payment and closing cost grant-eligible properties for sale across the country.