Bank of America America's Home Grant

Bank of America America's Home Grant is a grant for homebuyers in New Jersey, administered by Bank of America, N.A. Part of BofA's Community Homeownership Commitment, America's Home Grant offers a lender credit of up to $7,500 toward non-recurring closing costs or to permanently buy down the rate, with no repayment. Available in select markets; combinable with the Down Payment Grant for up to $17,500. Up to $7,500 toward closing costs or rate buydown. No repayment. Combinable with Down Payment Grant (up to $17,500). Funding comes from Bank of America Community Homeownership Commitment (lender credit).

Bank of America America's Home Grant offers up to $7,500 in assistance. Amounts are the program's published maximums, not an offer — Bank of America, N.A. determines any individual award.

Bank of America America's Home Grant is structured as a grant, so it is not repaid. Repayment is triggered by None - grant, no repayment. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Bank of America America's Home Grant is open to homebuyers who will live in the home as their primary residence. Lender-specific (BofA loans). Closing-cost/rate-buydown credit (not down payment).

Bank of America America's Home Grant sets its income limit as follows: Eligibility based on income limits and geographic region; specific figures not published. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

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

Bank of America America's Home Grant serves homebuyers purchasing anywhere in New Jersey. The program targets specific areas: Available in select markets. NJ availability confirmed via active BofA lending specialists (Newark/Jersey City metro); confirm via BofA Down Payment Center.

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