Bank of America to Offer Zero Down Payment, Zero Closing Cost Mortgage Loans to Black and Hispanic Borrowers

Whites and Asians need not apply.

Bank of America on Wednesday announced a new mortgage home loan program for first-time homebuyers.

But only blacks and Hispanics will be eligible.

Blacks and Hispanics will be able to apply for a zero down payment, zero closing cost mortgage with Bank of America’s new lending program in select cities.