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  BNC National Bank Home Purchase Mortgage

BNC National Bank Home Purchase Mortgage

in Home Purchase Mortgages from BNC National Bank · NMLS ID #418467

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BNC National Bank Home Purchase Mortgage

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in Home Purchase Mortgages from BNC National Bank · NMLS ID #418467

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Highlights
Loan Amount Up to $1,500,000
Loan Term (Years) N/A
Credit Score Range N/A

BNC National Bank Home Purchase Mortgage Review

BNC National Bank Home Purchase Mortgage is offered by BNC National Bank (NMLS #418467), a bank founded in 2001 and based in Glendale, AZ. BNC National Bank Home Purchase Mortgage is available in 3 states across the USA.

Key Takeaways
  • 3 different mortgage programs offered. BNC National Bank Home Purchase Mortgage offers FHA, VA, conforming, and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Non-standard interest rates available. BNC National Bank Home Purchase Mortgage offers hybrid mortgages, and fixed-rate mortgages.
  • Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
BNC National Bank Home Purchase Mortgage Pros & Cons
Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 3 states.
BNC mortgage FAQ

How much can you borrow via BNC National Bank?

BNC 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 mortgage rates does BNC National Bank offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Does BNC mortgage charge an application fee?

Do they charge mortgage origination fees?

Yes, BNC mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, BNC mortgage offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does BNC mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. BNC mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for this business card is (800) 262-2265.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

Other Services by BNC National Bank

Availability

  Available in 3 states
  • Arizona
  • Minnesota
  • North Dakota

Feature Breakdown

Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Investment
Primary Residence
Loan Amount Up to $1,500,000
Interest Rate Types Offered
  • Hybrid Mortgage
Mortgage Programs
  • FHA
  • VA
Terms 15, 30

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