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Community Affordable Loan Solution

Credit.org is a Bank of America® Education Partner

*Up to $15,000 in Down Payment Assistance!

*Eligibility is based on income and home location. Homebuyer certification course completion required prior to application.

Contact Our Loan Solutions Education Specialist


Call Specialist

+1 (866)-702-3146



First-Time Homebuyers
Community Affordable Loan Solution™

*First-Time Homebuyer | No Minimum Credit Score | Credit History Considered

Community Affordable Loan Solution™ is designed to create homeownership access for clients who have never envisioned themselves as a homeowner. Credit.org has partnered with Bank of America to assist first-time homebuyers with pre-purchase counseling and homebuyer education.

1.Maximum income and loan amount limits apply. Fixed-rate mortgages (no cash out refinances), primary residences only. Certain property types are ineligible. Maximum loan-to-value (“LTV”) is 97%, and maximum combined LTV is 105%. For LTV >95%, any secondary financing must be from an approved Community Second Program. Homebuyer education may be required. Other restrictions apply.

2.Down payment and/or closing cost assistance programs may not be available in your area. Down payment and/or closing cost assistance amount may be due upon sale, refinance, transfer, repayment of the loan, or if the senior mortgage is assumed during the term of the loan. Some programs require repayment with interest and borrowers should become fully informed prior to closing. Not all applicants will qualify. Minimum credit scores may apply. Sales price restrictions and income requirements may apply. Homebuyer education may be required. Owner-occupied properties only. Maximum loan amounts may apply.

3.Monthly Mortgage Insurance Premiums (MIP) and Upfront Mortgage Insurance Premiums (UFMIP) apply. Maximum loan amounts vary by county.

4.VA funding fee applies except as may be exempted by VA guidelines. The fee is higher with a zero-down payment, and maximum loan limits vary by county. If a down payment of 5% or more is made, the fee is reduced. The VA funding fee is non-refundable. Ask for details about eligibility, documentation, and other requirements.

*A First-time homebuyer may be defined as a homebuyer who has not owned and occupied their home in the past three years.
Contact Us

+1 (866)-702-3146

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Work with a HUD Certified Housing Counselor To Receive Your Pre-Purchase Certificate


Pre-purchase counseling sessions include the following:

  • Budget Assessment
  • Housing Analysis
  • Homebuyer Education
  • Next Steps in Your Homeownership Journey

After successful completion of homebuyer education and pre-purchase counseling (which may involve multiple sessions), you are eligible to receive a Community Affordable Loan Solution certificate.


Click the Button Below to See Eligible
Los Angeles Country Properties


Bank of America Real Estate Center