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Bank of America
Dartmouth Plus Mortgage Assistance

Dartmouth employees purchasing a primary residence qualify for Dartmouth Plus mortgage assistance through Premier Banking at Bank of America. Through the Dartmouth Plus program, employees have access to all of Bank of America's conventional mortgage products, as well as products specifically designed to improve housing affordability. Additional benefits include:

Regular Full-time Employees

• Access to low Premier Banking mortgage rates.
• A credit of $500 to reduce the interest rate or to offset other closing costs.
• A waiver of all conventional loan fees - including application, origination, credit report, tax service and processing/commitment fees - up to $2,000 under the Mortgage Rewards Program.
• Advantageous qualification ratio and loan-to-value ratio criteria.
• First-time home buyers are eligible for additional Dartmouth Credits to reduce the interest rate or to offset other closing costs.

Nationally Recruited Employees

Tenure-track faculty, tenured faculty who have received tenure at Dartmouth within the last 2 years, and administrators at level PDLA and above who have accepted a position at Dartmouth within the last 2 years (referred to herein as Nationally Recruited Employees) are also eligible for:

• Dartmouth Credits to reduce the interest rate or to offset other closing costs (click here to find out more).

Subject to program requirements and verification of credit, financing may be available for 95% to 100% of the purchase price. Bank of America programs available to Dartmouth employees include, but are not limited to:

Fixed Rate Mortgage

This traditional loan program is ideal for employees seeking the stability of a fixed interest rate and fixed principal and interest payment for the entire term of the loan.

Adjustable Rate Mortgage ("ARM")

An adjustable rate mortgage typically offers a lower interest rate for an initial term, after which the rate is adjusted based upon a market rate index. In return for giving up the security of a fixed payment, the borrower typically gains the advantage of an increase in purchasing power.

Interest Only ARM ("3NET", 5NET", "7NET" and "10NET")

The interest-only mortgage is an adjustable rate mortgage with interest-only payments (no principal payments) and no rate adjustments for an initial period (3, 5, 7 or 10 years). By allowing interest-only payments initially, the borrower's purchasing power is increased.

Bank of America mortgage specialists can help the employee select the program that best meets their needs. Eligible Dartmouth Employees wishing to learn more about Dartmouth Plus Bank of America mortgage alternatives should contact:

Kevin M. Zerrenner, Vice President, Bank of America, Premier Banking
(800) 925-6060 ext. 1241 or e-mail Kevin.Zerrenner@BankofAmerica.com
(If you get voice mail, dial 0 and ask to speak with a LoanLine mortgage specialist.)