BNC National Bank

VA Loans

Veterans who can obtain a COE from the VA are eligible for specialty mortgage loans. BNC National Bank specializes in VA loans and can offer low rates with zero bank fees. Read about eligibility, purchase options, application process and the benefits of a VA loan by clicking learn more below.

Private Mortgage Insurance (PMI)

Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house. Read about PMI, how it works, cost and more by clicking learn more below.

Closing Costs

A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them and more by clicking learn more below.

FHA Loans

An FHA loan is a loan backed by the Federal Housing Administration and provides financing options to families who may otherwise be unable to buy a home. Read about FHA loans, how they work, cost and more by clicking learn more below.

Glossary of Terms

See a full list of mortgage terms by clicking learn more below.

Appraisals

An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value. Read about appraisals, how they work, ownership and more by clicking learn more below.

Credit

Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more by clicking learn more below.

Refinance

Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more. Read about refinancing, how it works, cost and more by clicking learn more below.

Application Checklist

Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying. See the fill list by clicking learn more below.

Foreclosure

Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract. Read about foreclosure and how to avoid it by clicking learn more below.