Bank of England MortgageUnaffiliated Visit Site
Bank of England MortgageUnaffiliated
Strongly not recommended
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|Community Rating||Strongly not recommended|
|Loan Amount||Up to $1,500,000|
|Loan Term (Years)||N/A|
Where does Bank of England Mortgage do business?
Bank of England Mortgage is based in Little Rock, AR. The company was founded in 1898 and offers mortgages to borrowers in 50 states (and Washington, DC).
How much can you borrow via Bank of England Mortgage?
Bank of England Mortgage allows borrowers to apply for loan amounts of up to $1,500,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
Does Bank of England Mortgage charge a mortgage origination fee?
Yes, Bank of England Mortgage may charge a loan origination fee.
What mortgage programs does Bank of England Mortgage offer?
Bank of England Mortgage offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Bank of England Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Bank of England Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia