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Bank of America America's Home Grant

Bank of America, N.A. · Washington, District of Columbia

Last verified
See what you qualify forOfficial program site →
Assistance

$7,500

The maximum the program publishes — not an offer

Repayment

Grant

Not repaid

What is Bank of America America's Home Grant?

Bank of America America's Home Grant is a grant for homebuyers in Washington, District of Columbia, administered by Bank of America, N.A.

  • America's Home Grant is a lender credit of up to $7,500 from Bank of America that can be used toward non-recurring closing costs such as title insurance and recording fees, or in certain cases to permanently buy down the interest rate via discount points. The funds do not require repayment and cannot be applied to the down payment, prepaid items, or recurring costs. It is available in select markets, reported to include the Washington metro region, and may be combined with the Down Payment Grant for up to $17,500 in total assistance.
  • Funding comes from Bank of America Community Homeownership Commitment (lender credit).

How much assistance does it provide?

Bank of America America's Home Grant offers up to $7,500 in assistance.

  • The program can be combined with May be combined with the Bank of America Down Payment Grant (up to $17,500 combined in closing cost and down payment help).
  • Amounts are the program's published maximums, not an offer — Bank of America, N.A. determines any individual award.

Do you have to pay it back?

Bank of America America's Home Grant is structured as a grant, so it is not repaid.

  • Repayment is triggered by None - lender credit does not require repayment.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Bank of America America's Home Grant is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • DRAFT (dpa-gap-finder 2026-06-14): pending review. DRAFT GAP NOTES: Exact eligible DC market/tract list not published; confirm property eligibility with a Bank of America lending specialist. Funds usable for non-recurring closing costs and (in certain situations) discount points only - NOT for down payment, prepaid items, real estate commissions, taxes, or insurance. No cash back to borrower. Maximum income and loan amount limits apply but were not published for DC. Minimum combined LTV must be >= 80%. Home loan must fund with Bank of America. Program may be changed or discontinued without notice.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Bank of America America's Home Grant sets its income limit as follows: Maximum income limits apply and vary by market; specific DC dollar limits were not published on the official page.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Bank of America America's Home Grant can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Bank of America America's Home Grant serves buyers purchasing in Washington, District of Columbia.

  • The program targets specific areas: Available in select markets/geographic areas only, reported to include the Washington metro region.

How do you apply?

Applications for Bank of America America's Home Grant go through Bank of America, N.A., which publishes the current terms and the application steps on its own site.

  1. Contact Bank of America, N.A. to reserve funds

    Funds are reserved through Through a Bank of America lending specialist / Down Payment Center eligibility search, and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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