Hey as Bank of America Home Loans is the mortgage unit of Bank of America and here I am giving you its details

About home loan
Mortgage Banking, which originates, purchases, securitizes, and services mortgages. During the year ended December 31, 2005, the Mortgage Banking segment generated 59% of the company's pre-tax earnings.

Rates
30-year :fixed layer 5/1 ARM layer (variable)
Rate layer 3.75% 2.875% for mortgage 5/1 ARM†
APR layer 3.85% 3.39%
Points layer 0.113 0.309

Eligibility
Salaried individuals
Self employed professionals/businessmen

Amount of discount
Amount of discount (0.125% for Gold tier, 0.25% for Platinum tier and 0.375% for Platinum Honors tier) is based on your eligible tier at the time of home equity application and is not subject to adjustment