Benchmark Mortgage is a state chartered mortgage banking firm headquartered in Richmond, Virginia. Benchmark Mortgage lends in the states of Virginia, North Carolina, South Carolina, Florida, and Colorado. The company was organized in April, 1987 and began operating in 1990. With five offices in Virginia and one in North Carolina, the company is engaged in a variety of mortgage lending activities and offers a broad range of lending services to individual customers. Benchmark Mortgage is a full service mortgage lender and broker. Over 95% of the loans they offer are closed with Benchmark Mortgage, Inc. as the lender of record; however, they do broker loans in order to offer the most competitive rates and prices to the customer. The primary mission of Benchmark Mortgage is to provide the customers with an easy process at very affordable and fair prices. Benchmarch has focused on the use of automated funding software to make the lending process more streamline, affordable and consistent throughout their locations and on the internet sites. They realize that they are only as good as the last mortgage processed and the client is the most important ingredient in their success. They are members of the community they serve and believe in community service.
Loans Funded by Benchmark Mortgage
Benchmark funds a wide variety of mortgage products, some of which are listed below:
- 30 Year Fixed
- 15 Year Fixed
- 10/1 Adjustable Rate Mortgage
- 7/1 Adjustable Rate Mortgage
- 5/1 Adjustable Rate Mortgage
- 3/1 Adjustable Rate Mortgage
- 1 Year Adjustable Rate Mortgage
- 6 month Adjustable Rate Mortgage
- 1 Month Adjustable Rate Mortgage
- Interest Only Programs
- 7 Year Balloon Mortgages
- 5 Year Balloon Mortgages
- First Time Buyer Programs
- Stated Income Programs
- No Point, No Fee Programs
- Imperfect Credit Programs
- Home Equity Line of Credit
- Home Equity Loan
Benchmark also has a number of unique programs to serve their clients needs. They also fund FHA, VA and VHDA loans. It is recommended that the prospective borrower contact a loan specialist for any of the nonstandard loan options.
Recent Benchmark Mortgage News
Recently Kristin Beale, the 15 year old daughter of Chris Beale (Benchmark Mortgage), was critically injured in a boating accident. (She is making significant progress, but still has serious medical conditions that require care). Benchmark Mortgage has created special bracelets to raise funds for several charitable organizations that have been helpful during this time. They hope to give back to the organizations that have been so generous to the members of the Benchmark Mortgage Company family. We hope that Kristin makes a full recovery.
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