..5% Interest Rate Reduction for Dallas MSA

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    I wanted to see if the .5% BOA Interest Rate Reduction Grant is still in effect for the Dallas ,TX area?

    If so, where would I find this information to give to my MC?

    Thank you,



    It is not based on location. It is based on gross income. To qualify your income must be 80% or below the MSA median income and it would be automatically applied by bank of america.


    Hello chaselendaze,

    Actually, the BOA grant is available to only a specific list of MSA’s (Metropolitan Statistical Areas), but the list is so long it’s not worth mentioning most of the time. The DFW metro does qualify for the program.

    Have the counselor call our in-house helpline if he or she does not understand how it works. Don’t worry about it too much though. The system gives you the rate reduction automatically if you qualify.

    Tim Trumble
    Online Operations, NACA

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