Does The Bank Of America Neighborhood Champions Mortgage Still Exist?
Hello. I’ve been trying for the past six months to buy a house. I was prequalified through FHA for a set amount. Now, supposedly guidelines for FHA are changing Jan. 1st. They are a lot more picky and now I prequal for 50,000 less. So FHA is no longer an option.
I’m a teacher so my income does not increase drastically year to year, so unless miracles begin to happen, I will be stuck in this predicament indefinately alll mortgages companies ease up. My front end debt to income ratio is entirely out of whack because my income will always be low in comparison to what I’m looking to buy.
My questions is, I know that Bank of America used to do a program called Neighborhood Champions for teachers, police officers, firefighters and other emergency personnel. While I can find a lot of info on this online, it is all out of date and I’m not sure whether the program still exists. Can anyone let me know what they know about this program right now, in 2009? It would save me a call….
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