Business

BofA to help L.A. Wildfire Clients Rebuild with Financing, Rate Preservation, Extended Forbearance

As part of its ongoing leadership supporting those impacted by the devastating Los Angeles wildfires, Bank of America today announced new offerings anticipated to help its mortgage clients rebuild their homes.

articleBank Of America CorporationNovember 21, 20253/company/bank-of-america-corp/news/bofa-to-help-la-wildfire-clients-rebuild-with-financing-rate-preservation-extended-forbearance
BofA to help L.A. Wildfire Clients Rebuild with Financing, Rate Preservation, Extended Forbearance

About this update from Bank Of America Corporation

[{"type":"text","content":"New BofA Rebuild Solution to help Altadena and Pacific Palisades Homeowners Rebuild","length":83,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, Nov. 21, 2025 /PRNewswire/ -- As part of its ongoing leadership supporting those impacted by the devastating Los Angeles wildfires, Bank of America today announced new offerings anticipated to help its mortgage clients rebuild their homes.","length":252,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Bank of America Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Bank of America Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/vBL7vueTUitsFOJUBxvDrQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/4d6fb45aaf101b6a5768c6209ac29c98","width":400,"height":218}},"href":"https://mma.prnewswire.com/media/1612970/Bank_of_America_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Bank of America Rebuild Solution will offer three distinct features for certain qualifying mortgage clients planning on rebuilding their home:","length":146,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Extends forbearance by up to two additional years, beyond the current 12-month forbearance period, for clients who plan to rebuild their home;","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Offers a Rebuild Line of Credit expected in February 2026 to help cover rebuilding costs not fully covered by insurance; and","length":124,"tagName":"p"}]},{"val":[{"type":"text","content":"Preserves the client's current lower interest rate on the underlying mortgage.","length":82,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":348,"olType":false},{"type":"text","content":""As Los Angeles continues to recover from January's Eaton and Palisades fires, Bank of America is utilizing its experience working through disasters, its capital and connections to help our clients rebuild their homes," said Raul Anaya, Bank of America president of Business Banking and Los Angeles president. ","length":323,"tagName":"p"},{"type":"text","content":"Anaya continued, ...

More updates from Bank Of America Corporation

Bank of AmericaLOS ANGELESmortgage clients