FHA loans are still available with 3.50% down.
FNMA loans are available with 5% down
Looks like BofA isn’t a good place to get a loan.
Your comment based on what a “banker at BofA” said just isn’t accurate. This is what the media does. Makes generalizations based on poor information. Then it gets repeated like it’s gospel.
Banks are nothing more than mortgage brokers, but they usually have less flexibility in getting loans done.
