Frequently Asked Questions

Valerie Springer
How Many Different Types of Loans Do You Have?

Benchmark Mortgage offers more than 250 loan programs. Don’t let that scare you, it just means that we have 250 different ways that we may be able to help you purchase or refinance a property.

How Long Does It Take To Get A Mortgage?

Once we have all of your documentation submitted to our underwriters, we can process your loan in as little as 15 days.

What is the Benchmark Lifetime Loan?

At Benchmark, we continually monitor the market and your loan, so you don’t have to. This way, you are offered the perfect product for your position, and we strive to always get you the best mortgage possible.

Do I Need A Pre-Approval Letter to Buy A Home

Experienced Real Estate Agents will tell you that most sellers will not consider your offer to buy their home unless you have a pre-approval or pre-qualification letter. Pre-Qualification letters from online lending companies are often frowned upon by local agents due to unreliable factors.

Is Pre-Qualified the Same As Pre-Approved?

Pre-Qualification is often considered the first step in the process of obtaining a mortgage loan, usually based on applicant provided information. Pre-Approval is a more involved process and is based on verified consumer data such as income, asset and credit verification.

Do You Offer 'Bank Statement' Mortgage Loans?

Yes, Benchmark offers special loan programs based on bank statements. These mortgage loans are often ideal for small business owners that do not show a lot of income on their tax returns.