BofA Loan/Grant Program ?

[Alex Mora]

My partner randomly mentioned something to me that caught my attention in regards to a loan program specifically offered through Bank Of America. 
I looked up as much as I could on here but didn’t have much luck.

From what I understood the program is essentially a grant of some sort and is available in 37 states. My state being one of them, Oregon.

They give you $17,500 back 

Credit score must be 640 And above 

1yr owner occupied. Does not have to be a first time home buyer

Medium to upper income area (80% average medium income)

Has anyone used this type of loan within the last couple of years or has any feedback on it? 

I’d love to hear any experience that anyone has had with this loan.