About LOANS-101.com and ENG Lending.

About ENG

Powerful mortgage loan services - available to you, nationwide. Introducing ENG Lending, based in Little Rock, Arkansas.

ENG knows the world of bank mortgage loans can seem complex. That's why our mission with each client is simple: provide the best loan, with the lowest possible rate, while executing the highest standards of customer service. For over 110 years ENG has been providing down home Arkansas service and powerful nationwide mortgage loans, while offering clients peace of mind knowing they are working with a credible and insured mortgage banker.

Regardless of your location across the nation, you can trust you're working with a reputable mortgage banker - not a fly-by-night operation. Here's why:

ENG is partners with every major investor on Wall Street;

We have been approved by the Better Business Bureau; and

ENG is the only mortgage company among its competitors that is owned by a FDIC insured bank.

In addition, at ENG loan officers don't simply facilitate the loan process; they act as "financial advisors," helping clients assess their finances on a larger scale. Whether you're self-employed and need a Mortgage Loan, or you're searching for the best rates on a Refinance, your loan officer is here to find your perfect solution.

Let ENG's experienced loan officers help you find a solution for your financial needs. Contact ENG today to learn more about mortgage loans.

Corporate Headquarters

Bank of England DBA ENG Lending, Member FDIC
#5 Statehouse Plaza, Ste. 500
Little Rock, AR 72201
501-687-BANK (LOCAL)
501-687-9000 (FAX)
1-866-878-BANK (TOLL FREE)
www.englending.com

Mortgage Related Questions

Call: 1-877-828-4342 (TOLL FREE)

Email: info@LOANS-101.com

Home Loan Programs

Conventional Loans
Conventional Home Purchase Loan requirements are more credit score driven than other loan types and a 620 FICO score is required to obtain an approval through ENG Lending. Conventional Loan guidelines are currently written in a way that a borrower with a 740+ credit score can usually obtain the best interest rate possible. As a borrowers credit score decreases below a 740, sizable fees and rate increases could be added, in excess of the 1-2 percent range. If your credit score is less than perfect, an FHA Loan, USDA Loan or VA Loan could be a better fit for you.

FHA Loans
FHA Home Purchase Loans are not totally credit score driven, although a 620 FICO score is required to obtain an approval through ENG Lending. FHA mortgage guidelines are written in a way that provides the borrower the benefit of the doubt that there had been, at some point in their past, circumstances beyond their control, and as long as the borrower has recovered from those circumstances in a reasonable manner, they're generally going to be credit-eligible for an FHA mortgage.

USDA Loans
USDA Mortgages have no down payment requirement. Other loan programs don't allow this. Another distinct advantage of a USDA mortgage, as compared to a conforming loan, is great interest rates and no mortgage insurance (MI). A 620 FICO score is required to obtain a USDA loan approval though ENG Lending.

VA Loans
ENG Lending offers affordable, easy-to-understand VA Home Loans in recognition of the contributions and sacrifices veterans have made for America. Whether you're buying your first home or thinking of building your one-of-a-kind dream house, ENG Lending is your ultimate Veteran's Affairs loans information center. VA Loans require no down payment and no mortgage insurance. A 620 FICO score is required to obtain a VA loan approval though ENG Lending.