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Conventional Loan Programs

A Conventional mortgage loan is not insured by the government unlike a FHA, VA or USDA loan and typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Most Conventional loan programs allow you to purchase, refinance or renovate single-family homes, warrantable condos, planned unit developments (PUD), and 1-4 family residences. It can also be used to finance a primary residence, second home or investment property. The most common Conventional mortgage loans are fixed rate mortgages and adjustable-rate mortgage loans.

 

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Adjustable Rate Mortgage (ARM)

Adjustable-Rate Mortgage (ARM) loan products offer a cost-effective solution for prospective homebuyers with short-term mortgage goals. The first number in your ARM program refers to the fixed rate period at the start of the mortgage. The second number in the ARM program references the intervals your rate will be reset following the introductory fixed rate period.

 

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FHA Loan Programs

An FHA mortgage loan is insured by the Federal Housing Administration (FHA), operating under the U.S. Department of Housing and Urban Development. The FHA loan program can be used for the purpose of purchasing, refinancing, or renovating a property. Unlike other loan programs, gift funds can contribute to the down payment. Benchmark Mortgage Companies, an affiliate of Tidewater Home Funding, LLC., has approved delegated underwriting authority with FHA.

 

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VA Loan Programs

Military service members and Veterans have unique mortgage needs. A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA) and is available to most U.S. service members. Already have a VA loan? Contact our team – you may be eligible for a VA Streamline Refinance. Benchmark Mortgage Companies, an affiliate of Tidewater Home Funding, LLC., has approved delegated underwriting authority with VA.

 

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Jumbo Loan Programs

A Jumbo mortgage loan is for loan amounts above the conforming loan limit and is not eligible to be purchased, securitized, or guaranteed by Fannie Mae or Freddie Mac. Jumbo loan programs are generally offered as 15-year and 30-year Fixed-Rate Mortgages or as competitive Adjustable-Rate Mortgage (ARM) loan products with full documentation, alternate documentation, and limited documentation. 

 

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Refinance Loan Programs

Refinancing a home mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn’t your mortgage? Now may be the right time for you to refinance to a lower rate mortgage. Our local team of experts will evaluate your needs and customize a mortgage solution catered to you.

 

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Reverse Mortgage Loan Programs

A Reverse mortgage loan is insured by the Federal Housing Administration (FHA) and is part of the Home Equity Conversion Mortgage (HECM) program. A Reverse mortgage is only available to homeowners who have built up considerable home equity are 62+ years old. Proceeds of the loan may be taken in monthly payments, a lump sum, left on a line of credit or a combination of these methods. If you remain in your home, you are not required to make monthly payments on a reverse mortgage. Taxes, insurance, homeowner association dues, and other assessments must be kept current by the homeowner, but nothing is due on the reverse mortgage until the last borrower permanently leaves the home. 

 

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Construction Loans

Construction loans are used to finance the construction of a new structure. Whether you’re interested in building a brand new home for you and your family or you’re looking to construct a commercial property we can help craft a terrific lending solution. Each loan is as unique as the property you’re looking to construct.

We look forward to your questions about construction loans. Please call us to find out more.

Home Equity Loans

Home equity loans call for the borrower to acquire a new loan on an already mortgaged property using the equity you’ve built as collateral. Home equity loans are typically reserved for those looking to pay down medical or consumer debt, start a business or pay tuition. Please contact us directly if you’re interested in a home equity loan. Most states restrict the amount of money one can borrow against their home. Interest rates on home equity loans are generally higher than conventional loans.

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Your Experience is Our Priority


Your local lending partner, our team strives to exceed your expectations before, during and after the mortgage process.

Thomas was exceptional to work with......always friendly and easy going but always with pertinent answers....we ended up pulling a contract on one house and then finding another and he handled that transition with integrity and kindness.....we would highly recomment his services.....thank you so much....carol ann and michael

Carol Ann Walter

Steven and Benchmark Mortgage was great and a thrill to work with and wouldn't rank anyone above them.

Jonathan R.

Thomas St. John was a pleasure to work with... He understood my needs and timing and worked hard to make sure I had everything
needed so that we could go to closing much faster than I could have imagined. His follow through with details before, during, and after
the process made it a better experience. Should I ever need another loan for refinance or purchase, I will stop and shop Benchmark
first... Thanks!!!

Brian K.

Nothing! Steven was extremely knowledgeable and helpful. He was ALWAYS accessible, professional, and understanding. He will be
my first and only recommendation to Family, Friends, and Colleagues!

Barry N.

Thomas St. John is amazing! He explained everything so well and was able to work with my hectic work schedule to
get everything finished. He is very personable and makes you feel like you're more than just a customer. He even
attended my closing.

J. Tharp

Benchmark was a fantastic company to deal with. They were always there whenever I had questions and even took
the time to meet with us when we were so confused. They are professional and very knowledgeable. They never
made me feel like I had a stupid question. They are very reliable and are great at explaining things and processes.

Elizabeth W.

I was very pleased working with Steven D'Antonio and the Benchmark Mortgage team. They offered a high level of
customer service and were very communicative throughout the process. They have this done to an art and are able
to troubleshoot and provide insight on what to expect during the home buying process. I would recommend them to
anyone!

Jonathan R.

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Ready to Fund Your Dreams?

Reach out to our team of local mortgage specialists and take the initial step towards homeownership. Our team is ready to assist you throughout the process, offering you the necessary information and guidance to help you make informed decisions for your unique needs. Don't delay any longer - contact us today to begin.

 

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