in Home Purchase Mortgages from Benchmark MortgageUnaffiliated
|APR||Starting at 3.68%|
|Loan Amount||$100,000 - $1,500,000|
|Loan Term||N/A years|
Benchmark Mortgage Review
Where does Benchmark Mortgage do business?
Benchmark Mortgage is a direct lender based in Plano, TX. The company was founded in 1999 and offers mortgages to borrowers in 43 states (and Washington, DC).
How much can you borrow via Benchmark Mortgage?
Benchmark 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.
What range of rates does Benchmark Mortgage offer?
Benchmark Mortgage offers home loans with APRs starting at 3.68% .
Does Benchmark Mortgage charge a mortgage origination fee?
Yes, Benchmark Mortgage may charge a loan origination fee.
What mortgage programs does Benchmark Mortgage offer?
Benchmark 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.
- 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 Benchmark Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Benchmark Mortgage allows the following property usage types:
- Primary home
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia