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How do I apply for an FHA Home Mortgage Loan?

The process of getting an FHA mortgage is straightforward and simple. Most often getting pre-qualified can be done right over the phone. If you’re looking to buy a home using an FHA mortgage give us a call at 865-429-2797 our mortgage bankers would be glad to assist you. Bank of England Mortgage in Sevierville, Tennessee […]

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Are Reverse Mortgages FHA loans?

Yes, reverse mortgages are insured by the Federal Housing Administration. However FHA doesn’t lend the funds individual banks such as ours do that. Bank of England Mortgage is approved by the FHA to originate Reverse mortgages. Call us to receive free no-obligation information at 865-429-2797. Visit our other websites in reference to Tennessee Home Loan […]

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Are FHA Mortgage Loans Assumable?

No, FHA loans are not assumable, but are easy enough to qualify for in today’s mortgage marketplace. Visit our other websites in reference to Tennessee Home Loan Mortgages. http://www.boetennessee.com http://www.vahomeloanapplications.com http://www.usdahomeloanapplication.com Debbie Scarantino with Bank of England Mortgage Tennessee is a credit counselor. If you have further questions about how you might secure a home […]

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Who Qualifies for an FHA Mortgage Loan?

Buyers purchasing a home as a primary residence that have a minimum 580 credit score, two years verifiable work history and an appropriate debt-to-income ratio of less than 55%. There are other qualifying factors but these are the basics.         Visit our other websites in reference to Tennessee Home Loan Mortgages. http://www.boetennessee.com […]

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How does the FHA Mortgage Loan Work?

FHA home mortgage loans require a minimum 3.5% down payment. They are insured by the federal government therefore they have low interest rates and are easier to qualify for then some other types of home loans.       Visit our other websites in reference to Tennessee Home Loan Mortgages. http://www.boetennessee.com http://www.vahomeloanapplications.com http://www.usdahomeloanapplication.com Debbie Scarantino […]