2018 Down Payment Assistance Program

April 12, 2018

Posted by in News

I’m Troy Silhan, Production Manager at Bank of England Mortgage and this is my very first blog post. Today I wanted to talk to you about our new Down-Payment Assistance program called the BOE100. The difference I’ve found with people buying and not buying is being able to get a down-payment together. This is our way to help make a difference to those in that situation. Here’s a few other reasons why I like this program:

  1. You don’t have to be a first time homebuyer. Unlike the FL Bond you could actually even own a home currently and still use this program to purchase a new place.
  2. Unlike the Bond $7,500 program, this is forgiven after 36 months. The bond has to be paid back.
  3. The Debt to Income Ratio is also much higher than compared to the FL. Bond and USDA. For USDA you have a max DTI of 41%, while for Bond it’s 45%. Using the BOE100 it goes up to 55% for the Debt to Income. Allows someone to find more home with their monthly income and monthly debts.

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New Or Pre-Owned Home? Troy Silhan Provides Essential Guidelines When Deciding

September 14, 2016


Increases in new construction throughout Northeast Florida have left home buyers with an important decision: buy new or go with a previously owned home. While it is a personal decision, there are a few guidelines that can help buyers understand the differences in the buying process and avoid issues.

According to Bank of England Production Manager Troy Silhan, the process is essentially the same from pre-approval through closing with a few minor distinctions. Says Troy, “These small differences won’t be an issue as long as you follow a few simple guidelines: determine your priorities early, utilize your Realtor’s expertise, and understand your contract thoroughly.” Read more

Attn Agents: Tripped Up By TRID? Davidson Realty Is Here To Help

June 9, 2016

Posted by in Events, News

Davidson Realty will host an event on Thursday, June 23 from 4 to 5:30 p.m. at our World Golf Village office to help real estate agents understand TRID, also known as the TILA-RESPA (Truth In Lending Act-Real Estate Settlement Procedures Act) Integrated Disclosure rule.

The event will be led by Troy Silhan with Bank of England Mortgage and William Li, Esq. with Landmark Title. Read more

Attention First-Time Buyers! Get Tips From Real Estate & Mortgage Pros At May 7 Seminar

May 4, 2016

Posted by in News

Are you interested in buying but not sure where to start the process? Here is the perfect chance to ask questions and gain insights from industry pros in a no-pressure environment! Davidson Realty Agent Terri Apodaca and Bank of England Production Manager Troy Silhan will host a First-Time Homebuyers Seminar at Davidson Realty’s headquarters in World Golf Village on Saturday, May 7. Read more

Bank of England’s Troy Silhan Provides Major Dont’s When Securing A Home Loan

April 20, 2016

Posted by in News

There is certainly no shortage of advice for prospective homeowners on how to secure a home loan. Pay bills on time, save for a down payment, and so on.

Equally important, however, are the things you should NOT do before and during the loan process. Bank of England Production Manager and resident mortgage expert Troy Silhan provides great tips for avoiding problems while obtaining a loan. Read more

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