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BNC National Bank offers conforming, FHA, VA, USDA, jumbo, and specialty mortgages.
BNC National Bank
The bottom line: BNC National Bank Mortgages has mortgage options for a wide variety of borrowers, including specialty loans for those with unique needs. It also makes it easy to get preapproved quickly, and it has very good online customer reviews. But it doesn’t disclose its rates or fees online.
Overall lender rating
FeatureInsider rating (out of 5)Loan types4Affordability3.5Customer satisfaction4.71Trustworthiness5Total4.3
Pros and cons
ProsCons
Fast preapproval
Offers specialty mortgage types, including manufactured home loans
Only has five physical branch locationsYou’ll need to get preapproved to see rates and fees
BNC National Bank mortgage interest rates and fees
BNC National Bank doesn’t disclose its interest rates or lender fees online, which makes it difficult for borrowers to get an idea of what they might pay without talking to a loan officer or submitting their information for preapproval.
Some lenders display sample rates online and even provide tools to let potential borrowers see customized rates based on their credit and the type of loan they want. Though the rates displayed might not end up being exactly the rate you get, it can help you understand the range of rates that lender offers.
Compare to other lenders
BNC National Bank vs. Chase
BNC National Bank
Chase
Chase
Types of mortgages
Conforming, FHA, VA, USDA, jumbo, specialty loans
Types of mortgages
Conforming, jumbo, FHA, VA, HELOC, Chase DreaMaker
Standout feature
Specialty mortgages
Standout feature
DreaMaker mortgage
BNC National Bank MortgagesChase Mortgage
Chase is one of our favorite mortgage lenders, particularly for low-income borrowers, thanks to its DreaMaker mortgage and down payment grants. With the Chase DreaMaker mortgage, eligible borrowers can get a mortgage with 3% down and reduced PMI costs.
If you’re in need of a more niche mortgage type, BNC National Bank might be a better option for you, since Chase’s offerings are fairly basic, while BNC offers some specialty loans for unique situations.
BNC National Bank vs. New American Funding
BNC National Bank
New American Funding
Types of mortgages
Conforming, FHA, VA, USDA, jumbo, specialty loans
Types of mortgages
Conforming, jumbo, FHA, VA, USDA, reverse, specialized mortgages
Standout feature
Specialty mortgages
Standout feature
I CAN mortgage
BNC National Bank MortgagesNew American Funding
New American Funding is a good choice for FHA borrowers or borrowers with no credit. Plus, its I CAN mortgage lets borrowers customize their mortgage with a loan term that’s anywhere between eight and 30 years.
Both of these lenders are solid options for borrowers looking for specialty loan options. It may be a good idea to get preapproved with both lenders to see who can offer you the best deal.
How BNC National Bank mortgages work
BNC National Bank originates mortgages nationwide. Borrowers near one of its five physical branch locations in Arizona, Kansas, Illinois, or North Dakota can start their mortgage application in person. Otherwise, you can get started with this lender online.
BNC offers conforming, FHA, VA, USDA, jumbo, and specialty mortgages, including manufactured home loans.
To get a conforming mortgage with this lender, you’ll need a 620 credit score and a down payment of at least 3% if you’re a first-time homebuyer. If you aren’t a first-time homebuyer, you’ll need to put down at least 5%.
Is BNC National Bank trustworthy?
BNC National Bank currently has an A+ rating from the Better Business Bureau. The BBB evaluates companies by looking at responses to customer complaints, honesty in advertising, and transparency about business practices. This lender doesn’t have any recent public scandals.
On its Zillow lender profile, BNC National Bank has a 4.71 out of 5-star rating, based on 2,443 customer reviews.
BNC National Bank FAQ
Who is BNC National Bank?
BNC National Bank is a direct, online mortgage lender that offers mortgages in all 50 states. It has branches in Arizona, Kansas, Illinois, and North Dakota.
What are BNC National Bank’s mortgage rates?
BNC National Bank doesn’t disclose its mortgage rates online. To get an idea of the types of rates this lender offers, you’ll need to talk to a loan officer or submit an application for preapproval.
How big is BNC National Bank?
BNC National Bank is a nationwide mortgage lender. In 2021, it originated $2.3 billion in loans, according to Home Mortgage Disclosure Act data.