UNIONDALE, N.Y. - With fixed-rate loans rapidly taking market share from adjustables, BankAmerica Mortgage is taking some aggressive marketing steps to stimulate originations of adjustables.

The company is offering, for a limited time, loans with a 5% down payment, no points, and reduced closing costs. Loan amounts up to $1 million are available, as are co-op and condo loans, and conversion to a fixed rate.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.