BoA Unveils 'Neighborhood Champions' Loan

Bank of America, Charlotte, N.C., has announced a mortgage program for police officers, firefighters, teachers, and medical workers that includes an insurance benefit providing for a full or partial payoff of the loan in the event of a covered accidental death, paralysis, or dismemberment.Citing Census Bureau figures, BoA said the Neighborhood Champions Protected Mortgage program is available to an estimated 16 million professionals. "Too many Americans in these professions of honor simply cannot find and afford quality housing, especially in metropolitan areas," said Floyd Robinson, president of BoA's Consumer Real Estate and Insurance Services Group. "Neighborhood Champions Protected Mortgage not only helps these heroes realize the dream of homeownership, but also provides security and peace of mind should tragedy strike." The program offers 100% financing, competitive loan rate, and flexibility on credit scores and credit histories, BoA said. The company can be found online at http://www.bankofamerica.com.