# Bank of America, National Association

> **Canonical URL:** https://saferate.com/lenders/bank-of-america-national-association


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Bank of America, National Association is a bank, headquartered in Charlotte, NC, serving borrowers nationwide, with 25,155 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 27% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 25% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** B4TYDEB6GKMZO031MB27
- **Headquarters:** Charlotte, NC
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 94.2%
- **Brokered/Wholesale:** 5.8%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pull Through: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.175%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,021
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 25,155
- **Dollar Volume:** $15.7 billion
- **Applications Received:** 35,609
- **Market Share:** 71.00%

## Typical Borrower Profile

- **Average Loan Amount:** $624,215
- **Average Borrower Income:** $267,789
- **Average Property Value:** $934,949

## Safe Rate Awards 🏆

- 💎 **Jumbo Diamond Champion** (84%)
- ⭐ **Conventional Gold Superstar** (77%)
- ⭐ **Purchase Gold Superstar** (77%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 87/100 | 19,231 | -0.113% | $1,550 | Exceptional 🤩 |
| FHA | 70/100 | 410 | +0.540% | $3,547 | Strong 😀 |
| VA | 48/100 | 62 | -0.061% | $3,066 | Sound ☺️ |
| Jumbo | 99/100 | 5,452 | -0.393% | $-651 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 16,609 loans, Score: 87/100 (Exceptional)
- Refinance: 2,622 loans, Score: 83/100 (Exceptional)

**FHA:**
- Purchase: 373 loans, Score: 70/100 (Strong)
- Refinance: 37 loans, Score: 48/100 (Sound)

**VA:**
- Purchase: 62 loans, Score: 48/100 (Sound)

**Jumbo:**
- Purchase: 4,614 loans, Score: 99/100 (Exceptional)
- Refinance: 838 loans, Score: 97/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 90/100 | 21,658 | $13.4B | -0.202% | Exceptional 🤩 |
| Refinance | 87/100 | 3,497 | $2.3B | -0.046% | Exceptional 🤩 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 5,011 | 1.76% | 87/100 |
| TX | 2,075 | 0.59% | 81/100 |
| FL | 2,030 | 0.69% | 79/100 |
| NC | 1,494 | 1.01% | 79/100 |
| NY | 1,433 | 1.26% | 83/100 |
| NJ | 1,086 | 1.27% | 85/100 |
| IL | 1,025 | 0.82% | 80/100 |
| WA | 957 | 1.13% | 83/100 |
| GA | 926 | 0.67% | 78/100 |
| MI | 684 | 0.60% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| San Jose | CA | 1,147 | 97/100 |
| Non |  | 1,038 | 72/100 |
| Oakland | CA | 978 | 94/100 |
| New York | NY-NJ | 816 | 83/100 |
| Chicago | IL | 814 | 80/100 |
| Charlotte | NC-SC | 807 | 86/100 |
| Los Angeles | CA | 709 | 81/100 |
| Dallas | TX | 677 | 79/100 |
| Houston | TX | 640 | 77/100 |
| Seattle | WA | 595 | 85/100 |
| Atlanta | GA | 573 | 78/100 |
| San Francisco | CA | 515 | 95/100 |
| Phoenix | AZ | 451 | 72/100 |
| Anaheim | CA | 349 | 79/100 |
| Lakewood | NJ | 345 | 79/100 |

## Where This Lender Ranks

Bank of America, National Association appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Texas for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/texas/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in New York for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/new-york/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Charlotte Banks
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/banks)
- 🥇 **#1** in Charlotte for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/charlotte/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Dallas Banks
  - [View Full Rankings](https://saferate.com/dallas/best-mortgage-lenders/banks)
- 🥇 **#1** in Dallas for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/dallas/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Dallas for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/dallas/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Houston Banks
  - [View Full Rankings](https://saferate.com/houston/best-mortgage-lenders/banks)
- 🥇 **#1** in Houston for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/houston/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Houston for Jumbo Loans
  - [View Full Rankings](https://saferate.com/houston/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Houston for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/houston/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in San Francisco Banks
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/banks)
- 🥇 **#1** in San Francisco for Conventional Loans
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in San Francisco for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/san-francisco/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Warren for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/warren/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Oklahoma for Jumbo Loans
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Oklahoma for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Fort Worth for Conventional Loans
  - [View Full Rankings](https://saferate.com/fort-worth/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Fort Worth for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fort-worth/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Tampa, FL for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/tampa-fl/best-mortgage-lenders/banks/jumbo-loans)

## Frequently Asked Questions

### What loan types does Bank of America, National Association offer?

Bank of America, National Association offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Bank of America, National Association offer mortgages?

Bank of America, National Association is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are Bank of America, National Association's mortgage rates?

Bank of America, National Association has a pricing score of 73/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.175% below market average.

### What type of lender is Bank of America, National Association?

Bank of America, National Association is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Charlotte, NC.

### What is Bank of America, National Association's loan approval success rate?

Bank of America, National Association has a pull-through score of 75/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bank-of-america-national-association

### How to Cite

> "Bank of America, National Association Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bank-of-america-national-association

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