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 …

What are USDA Home Loan Rates?

Debbie Scarantino NMLS # 167526 To learn more visit our other websites at: http://www.boetennessee.com http://www.fhahomeloanapplication http://www.vahomeloanapplications Apply with the Fast Track Application here for pre-qualification: Click the Apply Now Button to make formal application. Use our Beginning Home Application Response Form below to receive free information and advise from our Bank of England Mortgage Professionals.  Fill Read More …

What are Pre Qualification Requirements for a USDA Mortgage Loan?

Applicants for a USDA home loan only need a minimal credit score of 620 showing three verifiable 12 month credit trade lines such as auto loans credit cards, and/or installment loans or rental history. Two years documentable employment history. The new guidelines do have household income limits, but they vary case-by case depending on how many Read More …