B of A offers new mortgage plan for no credit/no down borrowers - Posted by Sally

Posted by Sally on May 26, 2000 at 11:36:17:

It is probably just doing away with the Nations Credit name as the article just appeared this past weekend in the real estate papes of most major newspapers across the country as a major ‘news’ item. If in doubt, call the number for BofA listed in the article.

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.

http://www.mercurycenter.com/premium/realestate/docs/harney20.htm

Re: B of A offers new mortgage plan for no credit/no down borrowers - Posted by SCook85

Posted by SCook85 on May 25, 2000 at 15:50:32:

B of A has been doing their mortgages through Nations Credit. We were just informed by Nations Credit that they were doing away with the whole department and that they were not going to do these “easy loans” any more. Maybe they are just doing away with the Nations Credit name.

Steve

Sally, Thanks for that link. I was searching for that phone #. (nt) - Posted by Vic

Posted by Vic on May 24, 2000 at 20:08:27:

nt