Bank of America offers mortgages for 3% down

Posted online February 23, 2016 | 12:31 pm

Bank of America is now offering mortgages with as little as 3 percent down.

The program is designed to help low- and moderate-income borrowers receive home loans for up to $417,000.

To qualify, the borrower must be seeking a primary residence, have a median income at or below the area's average and have a credit score of at least 660.

Read more from CNNMoney.

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