Bank of America Mortgage Programs

Bank of America Mortgage Programs

Pack A. Knowles – Mortgage Loan Officer

603-334-6979 (Office)
603-498-3676 (Cell)
603-334-6981 (Fax)
603-964-2822 (Home Office)
Email pack.a.knowles@bankofamerica.com


I have been a mortgage loan officer for nearly 6 years and prior to that I worked on Wall Street for 7 years. I was hired by Bank of America in June of 2006 and am able to finance loans in 50 states.
Aside from the basic mortgage products (of which we have many), Bank of America offers many unique mortgage opportunities. Two of which, our Community Commitment and Paper Saver Loans, offer our clients exceptional choices in today’s market.

Community Commitment:
Our Community Commitment is a CRA (Community Re-Development Act) product which is designed for first time homebuyers (or people looking to purchase a new primary residence) with up to 100% financing in one loan. It is based upon median county income (which is $104,000 in Rockingham and Strafford County in NH). The borrower only needs to contribute $500 to the transaction and there is no Mortgage Insurance. The rates are as good as or better than current market rates and the program can be combined with seller paid closing costs, greatly reducing money into the transaction. First time homebuyers need to take a class paid for by Bank of America. The program can also be used for a 100% rate and term refinance.
*The title company that I work with, primarily, Clipper Title, LLC offers a $295 closing fee for first time homebuyers.

Paper Saver:
Our Paper Saver loan is a product that rewards our clients with good/superior credit. Our borrowers receive a Bank of America custom score with their tri-merge credit report. If the custom score exceeds certain thresholds, the loan will be processed essentially as a “no/low documentation” loan. A full application is taken, but the borrower will not have to provide pay stubs, tax returns, W-2’s or bank statements. This loan can be used on the purchase or re-financing of primary residences or 2nd homes.
The Paper Saver program can also be combined with a purchase loan with our Mortgage Rewards Program. Mortgage Rewards is designed for existing Bank of America or MBNA (now Bank of America) customers. Borrowers pay no Bank of America fees and receive a $200 credit towards attorney-related closing costs.

Please call with any inquires!!!

Seacoast Region NH Real Estate Atkinson NH Brentwood NH Danville NH Dover NH Durham NH East Kingston NH Epping NH Exeter NH Fremont NH Greenland NH Hampstead NH Hampton NH Hampton Falls NH Kensington NH Kingston NH Lee NH Madbury NH New Castle NH Newfields NH Newington NH Newmarket NH Newton NH North Hampton NH Plaistow NH Portsmouth NH Rollinsford NH Rye NH Sandown NH Seabrook NH Seabrook Beach NH Somersworth NH South Hampton NH Stratham NH