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BoA Launches Zero-Down-Payment Mortgages to Help Minorities

Bank of America has rolled out mortgages with zero down payment and zero closing costs in certain cities, part of a bid to increase homeownership in Black and Hispanic/Latino neighborhoods. So reports NBC.

Bank of Americ Logo 2The cities with neighborhoods where the offer begins are Charlotte, Dallas, Detroit, Los Angeles and Miami.

A bank spokesperson noted that applicants do not have to be Black or Hispanic to qualify.

Read the full article from NBC

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