Bank of America, N.A.: 2025 mortgage rates, costs & approvals
How Bank of America, N.A. priced and approved home loans in 2025, measured against every lender in the official HMDA records.
HMDA legal name: Bank of America, National Association · LEI B4TYDEB6GKMZO031MB27
In 2025, Bank of America, N.A. originated 26,898 home-purchase, refinance and cash-out loans on owner-occupied single-family homes in 51 states — 22nd by volume among the 2,017 lenders profiled here.
On conventional 30-year fixed purchase loans its median rate was 6.125% (all lenders: 6.625%); its median rate spread was 43 basis points below the national median. Median conventional loan costs were $5,060, 9% lower than the national median ($5,570).
It denied 13.7% of completed home-purchase applications (all lenders: 8.5%).
How Bank of America, N.A. priced home-purchase loans
| Purchase loans, 2025 | Bank of America, N.A. | All lenders |
|---|---|---|
| 30-year fixed rate · conventional | 6.125% | 6.625% |
| 30-year fixed rate · FHA | 6.125% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.625% | 5.875% |
| Rate spread vs. APOR · conventional | −0.29 pts | +0.13 pts |
| Total loan costs · conventional | $5,060 | $5,570 |
| Total loan costs · FHA | $8,620 | $11,310 |
| Total loan costs · VA | $6,440 | $6,490 |
| Origination charges (all types) | $1,470 | $1,860 |
| Borrowers paying discount points | 58.2% | 51.3% |
| Points paid, when paid (% of loan) | 0.83% | 0.87% |
| Borrowers receiving lender credits | 41.9% | 33.1% |
Medians shown with at least 20 loans. A lender's numbers reflect its borrowers (credit, down payment, loan size, location) as well as its pricing; HMDA has no credit scores. Rate spread = APR minus the average prime offer rate on the lock date, which removes most of the effect of when the rate was locked.
Loan mix and borrowers
By loan type
By purpose
Why Bank of America, N.A. denied purchase applications
First reason the lender reported for each denied home-purchase application.
Where Bank of America, N.A. lends
| State | Loans | Applications | Purchase denial rate | 30-yr rate* | Loan costs* |
|---|---|---|---|---|---|
| California | 6,144 | 6,938 | 11.9% | 6.250% | $7,500 |
| Texas | 2,016 | 2,430 | 15.6% | 6.125% | $3,980 |
| Florida | 1,936 | 2,503 | 21.7% | 6.250% | $5,320 |
| New York | 1,511 | 1,893 | 20.2% | 6.125% | $5,760 |
| North Carolina | 1,356 | 1,518 | 10.3% | 6.125% | $4,080 |
| Washington | 1,192 | 1,296 | 7.6% | 6.250% | $5,860 |
| Illinois | 1,144 | 1,340 | 14.2% | 6.250% | $5,370 |
| New Jersey | 1,111 | 1,257 | 11.5% | 6.125% | $6,360 |
| Georgia | 992 | 1,156 | 12.9% | 6.125% | $4,730 |
| Massachusetts | 783 | 862 | 7.7% | 6.125% | $5,620 |
| Pennsylvania | 734 | 852 | 12.4% | 6.375% | $5,350 |
| Virginia | 680 | 765 | 10.2% | 6.250% | $4,960 |
| Maryland | 678 | 781 | 12.0% | 6.000% | $4,670 |
| Michigan | 662 | 778 | 13.3% | 6.125% | $1,150 |
| South Carolina | 591 | 666 | 10.8% | 6.125% | $4,330 |
| Arizona | 566 | 647 | 12.2% | 6.125% | $5,400 |
| Connecticut | 509 | 587 | 11.7% | 6.125% | $5,770 |
| Missouri | 442 | 524 | 15.5% | 6.125% | $2,690 |
| Tennessee | 370 | 441 | 13.9% | 6.250% | $4,380 |
| Colorado | 356 | 406 | 10.5% | 6.125% | $3,930 |
| Ohio | 352 | 401 | 12.1% | 6.125% | $3,740 |
| Nevada | 303 | 352 | 12.6% | 6.000% | $4,840 |
| Oklahoma | 272 | 349 | 21.4% | 6.125% | $2,200 |
| Minnesota | 218 | 249 | 10.5% | 6.375% | $3,880 |
| Oregon | 208 | 233 | 11.1% | 6.250% | $4,510 |
| Kansas | 179 | 208 | 13.7% | 6.250% | $2,610 |
| Indiana | 168 | 199 | 17.2% | 6.125% | $2,810 |
| Arkansas | 127 | 146 | 11.6% | 6.125% | $3,350 |
| Kentucky | 113 | 140 | 18.9% | 6.250% | $3,040 |
| District of Columbia | 108 | 122 | 10.4% | 5.875% | $7,240 |
| New Mexico | 104 | 124 | 15.2% | 6.125% | $2,430 |
| Rhode Island | 101 | 113 | 8.0% | 6.125% | $4,890 |
| Alabama | 99 | 110 | 8.4% | 5.875% | $3,310 |
| Delaware | 95 | 122 | 21.2% | 6.250% | $4,770 |
| New Hampshire | 93 | 106 | 11.6% | 6.375% | $4,190 |
| Utah | 83 | 99 | 13.0% | 6.125% | $4,930 |
| Wisconsin | 75 | 92 | 15.5% | 6.125% | $2,850 |
| Louisiana | 69 | 80 | 14.9% | 6.250% | $4,770 |
| Maine | 57 | 65 | 11.8% | 6.375% | $4,060 |
| Iowa | 52 | 63 | 14.0% | 6.000% | $2,580 |
| Idaho | 50 | 56 | 9.1% | 6.250% | $4,550 |
| Mississippi | 41 | 52 | 20.0% | 5.875% | $4,450 |
| Montana | 35 | 39 | 6.7% | 6.125% | $4,180 |
| Nebraska | 28 | 35 | 20.0% | 6.250% | $2,700 |
| West Virginia | 27 | 28 | 0.0% | — | $3,600 |
| Vermont | 22 | 24 | 5.0% | — | — |
| Hawaii | 16 | 22 | — | — | — |
| Wyoming | 9 | 15 | — | — | — |
| North Dakota | 8 | 10 | — | — | — |
| Alaska | 8 | 8 | — | — | — |
| South Dakota | 5 | 5 | — | — | — |
*Conventional home-purchase loans, medians with at least 20 loans. Linked state names open Bank of America, N.A.'s page for that state.
Counties where Bank of America, N.A. is a top lender
| County | Rank | Loans | Market share |
|---|---|---|---|
| Tensas Parish, LA | 7 | 1 | 11.1% |
| Santa Clara County, CA | 2 | 1,686 | 10.2% |
| San Mateo County, CA | 2 | 467 | 7.8% |
| Alameda County, CA | 4 | 834 | 6.0% |
| San Francisco County, CA | 7 | 237 | 4.7% |
| New York County, NY | 6 | 216 | 4.2% |
| Western Connecticut Planning Region, CT | 7 | 214 | 3.3% |
| Marin County, CA | 8 | 74 | 3.3% |
| Westchester County, NY | 8 | 243 | 3.3% |
| Contra Costa County, CA | 6 | 386 | 3.3% |
| Quay County, NM | 16 | 1 | 3.1% |
| King County, WA | 10 | 807 | 3.1% |
| Dallas County, AR | 19 | 1 | 2.8% |
| Mecklenburg County, NC | 8 | 488 | 2.8% |
| Nome Census Area, AK | 13 | 1 | 2.7% |
Check Bank of America, N.A. yourself
- FFIEC HMDA Data Browser — the official 2025 records filed under LEI B4TYDEB6GKMZO031MB27.
- NMLS Consumer Access — confirm the company and loan officer are licensed in your state.
- CFPB Consumer Complaint Database — search complaints by company name.
- Compare your Loan Estimate from Bank of America, N.A. with similar 2025 loans.
This is a statistical profile, not a review or recommendation. HMDA data alone cannot show whether a lender complies with fair-lending laws, and a lender's medians depend on the borrowers it serves.
Lenders of similar size
Source: FFIEC/CFPB HMDA 2025 public LAR and filer list. Core segment: owner-occupied, single-family site-built, first-lien, closed-end purchase and refinance loans. Methodology