B of A offers new mortgage plan for no credit/no down borrowers - Posted by Sally
Posted by Sally on May 24, 2000 at 15:39:22:
Bank of America plans to provide more than $1 billion in mortgage money to purchasers with no formal credit histories and as little as $500 in down payment cash on hand.
Here is a link to an article on new B of A mortgage program available for people with little or no credit and minimum downpayments for owner-occupied properties. This would seem ideal for people doing lease options to get their T/B’s in a position to exercise the option and purchase.