Yup, we know what they're doing-----Bank of America launches zero down mortgages in select cities. One is in Michigan. - mlive.com

Bank of America launches zero down mortgages in select cities. One is in Michigan. - mlive.com
"First-time homebuyers have a new lending option to help them get into the market.
Bank of America announced a new zero down payment, zero closing cost mortgage solution for first-time homebuyers.

The new loan will be available in designated markets, with an emphasis on serving Black/African American and/or Hispanic-Latino neighborhoods.
The first cities to be eligible in the pilot are Charlotte, Dallas, Detroit, Los Angeles and Miami..."