Sevier County Lenders – Bank of England Mortgage Lenders

Bank o f England, located in Sevierille, Tennessee is one of Sevier County’s finest mortgage lenders.  We offer USDA Home Mortgage loans along with most loan products available for home ownership.  As lenders, we are able to work directly with you to find the best options for your home loan. These loan products are available Read More …

What makes a USDA Home Mortgage loan different than other loan products that Bank of England Tennessee offers?

A USDA home loan is different from a traditional mortgage offered in the United States in several ways.USDA loans require no down payment, you may finance up to 100% of the property value.You must meet the income restrictions for the County you are interested in. Each county has a maximum Income Requirement. The USDA Home Read More …

What are the types of USDA Home Loans available through Bank of England Mortgage, TN, located in Sevierville, TN?

Types of USDA Loans Guaranteed Loan Applicants for home loans may have an income of up to 115% of the median income for the area. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance. In addition, applicants must have reasonable credit histories. Additionally, the property must Read More …

How long does it take to fix a bad credit score?

Debbie Scarantino is a licensed Credit Counselor and will work with you step by step to turn your credit around and pre qualify for your home mortgage loan. It can take from 6 to 12 months to improve scores. Often scores can be corrected quickly if it is errors that are corrected. Debbie Scarantino NMLS Read More …

What should we expect in Closing Costs with our Bank of England Home Mortgage Loan?

Debbie Scarantino NMLS # 167526 To learn more visit our other websites at: http://www.boetennessee.com http://www.fhahomeloanapplication http://www.vahomeloanapplications

Can a home mortgage loan include renovation costs?

Yes, however most rehab loans to improve properties are done using an FHA loan known as the FHA 203k loan. These loans require a 3.5 percent down payment on the total of the purchase and the amount of the home improvements needed. Our mortgage officers are very skilled at these mortgage loans. Call us for Read More …

Is the Bank of England Mortgage Tennessee a Mortgage Lender through Bank of England UK?

No, Bank Of England here is a family-owned bank from England Arkansas. They began in 1898 as a local bank and have grown to service mortgage loans in all fifty sates. Currently the headquarters for the mortgage division is in Little Rock Arkansas and has nothing to do with the Bank of England UK. Here Read More …

Is Bank of England Mortgage Tennessee affiliated with the Bank of England in the UK?

Not at all. Bank Of England is an FDIC member bank and mortgage lender based right here in the United States. Debbie Scarantino NMLS # 167526 To learn more visit our other websites at: http://www.boetennessee.com http://www.fhahomeloanapplication http://www.vahomeloanapplications

What kind of Home Mortgage Loan do I need for a Second Home in the Smoky Mountains of Tennessee?

When buying a second home, vacation home, or a cabin in the mountains a conventional mortgage is used requiring a 10 percent down payment. If you are buying an investment property a 20 percent down payment is needed. call us for program details or to get pre-qualified at 865-49-27797. Online application can be started by Read More …

Is the Bank of England Tennessee a USDA Mortgage Lender?

Yes Bank of England’s mortgage division is an approved USDA lender. Since 1898 they have been making the dream of homeownership come true. If you’re looking to purchase your first home, USDA’s rural housing loans require NO DOWN PAYMENT, the rates are low, and the terms are easy. Call us for more info at 865-429-2797 Read More …