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 …

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 …

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 …