Who bought countrywide home loans? From Wikipedia, the free encyclopedia Bank of America Home Loans is the mortgage unit of Bank of America. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion.How do you get a home loan? Here are the ten steps I recommend when you applying for a home loan. Check your credit reports and scores. Choose the right type of loan. Gather your financial documents. Research current interest rates. Find a lender and shop for rates. Get pre-approved for a loan. Find your house and make an offer.What is a home loan broker? “A mortgage broker is an intermediary between the borrower and the banks or lenders. Mortgage brokers usually specialises in home loans and other loans for inpiduals where as a finance broker specialises in business or commercial loans.