Where does Benchmark Bank do business?
Benchmark Bank is based in Frisco, TX. The company was founded in 1964 and offers mortgages to borrowers in 0 states across the USA.
How much can you borrow via Benchmark Bank?
Benchmark Bank allows borrowers to apply for loan amounts of up to $1,000,000. 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 Benchmark Bank charge a mortgage origination fee?
Yes, Benchmark Bank may charge a loan origination fee.
Does Benchmark Bank charge prepayment fees?
Yes, Benchmark Bank charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What mortgage programs does Benchmark Bank offer?
Benchmark Bank offers the following mortgage programs:
- Conventional mortgages
What property usage types does Benchmark Bank allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Benchmark Bank allows the following property usage types:
- Primary home
- Secondary homes and vacation properties