Many borrower’s are more than qualified to make a mortgage payment, have credit to qualify but, simply do not have the necessary funds required for a downpayment.

At Bank of England Mortgage, we understand the challenge and offer multiple 100% financing solutions that require no downpayment.

VA Loans offer 100% financing for Veterans and their spouses, if applicable, to purchase a home with their VA Eligibility. No downpayment is necessary up to the lending limits in the area the veteran is purchasing a home ($484,350 in most of the US), USDA loans offer 100% financing for borrower’s to purchase real estate under their Rural Housing Program. This program has geographic limitations and, while there is no loan amount limit, there is an income limitation that is set by area.

FHA Loans – Bank of England Mortgage offers borrowers second mortgages for downpayments on FHA loans. Through our special program, borrowers who qualify can borrower up to 3.5% of the purchase price of their property – the same amount as the required downpayment on an FHA loan.

If you’ve been dreaming about homeownership but, you can’t seem to get your downpayment together, give us a call at (215) 493-3752 to see if one of our 100% financing solutions can work for you.

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