Please keep in mind that mortgage programs are constantly changing. There fore we will do our best to keep this page up to date . Please note that the mortgage programs are subject to change without notice.

Mortgage Programs Available At Benchmark Mortgage Inc.

• Primary Home, Second Home and Investment Property Purchases & Refinances
• Fixed Rate and Adjustable Rate Mortgage Programs
• Interest Only Mortgage Programs for Fixed and Adjustable Rate Mortgages
• Pay Option ARM Program allows the borrower to pay as little as 1% (may have Negative Amortization)
• Second Home Purchase as part of a 1031 Exchange
• Two Unit Second Homes
• All types of Condominium Projects
• 100% Loan to Value on Primary and Second Homes
• 103% Loan to Value on Primary Homes
• Stated Income, Stated Income/Stated Asset and True No Doc Programs for Primary and Second Home Purchase and Refinance
• Construction Loans for Primary Home, Second Home and Investment Property
• Borrowers with less than perfect credit considered (We do NOT do loans for borrowers with credit scores under 580)
• 1-4 Unit Investment Properties with 10% down
• 1 Unit Investment Properties with 5% down

At Benchmark Mortgage Inc. we have more mortgage programs than any other bank or mortgage company. These programs are offered at the lowest interest rate, the lowest lender fees ad the Absolute Best Service.

Call Benchmark Mortgage Inc. you will discover that we are the right mortgage company for your clients.

First Mortgage Programs

Fixed Rate Mortgage Programs with terms from 10 years through 40 years

Fixed / Adjusted Rate Mortgage Programs Interest Rates are Fixed from 1 year to 10 years. After the Fixed Rate Period is over the loan turns into a one year adjustable.

Interest Only Mortgages, Fixed Rate and Adjustable Rate Interest Only Mortgages are available.

Pay Option ARM Mortgage Programs, The borrower has the option of paying a minimum rate (usually 1% for primary and second homes), interest only or fully amortized paying principal and interest. This option is available each month so the borrower can pay more when funds are available and the minimum payment when money is tight. This program is available for all occupancy types.

No Income Verification Loan Programs. For all occupancy types.

No Income/No Asset Verification Programs. For borrowers who cannot verify their income or assets these programs require No Verification of Income or Assets. Employment must be verified with no reference to income. Other programs available do not require employment verification as well as No Income and Asset Verification.

Construction Loans. We offer the widest variety of construction loans, We have a one-time construction to permanent loan. We also have construction only loans. We can tailor an end loan based on your needs at the time of your Certificate of Occupancy, not when you are applying for the construction loan, This allows maximum flexibility in your construction loan and your end loan.

Jumbo Mortgages.We have mortgage amounts that will go to $5,000,000.00. We have these mortgages available for all occupancy types. These loans can be full documentation or stated income/asset programs.

Sub Prime Loans. We have mortgages available for borrowers with not so perfect credit. Please keep in mind that these types of mortgages require manual underwriting, This means that these are not fast mortgages to close. We recommend a 30-day commitment date and a 60-day closing date.

Second Mortgage Programs

As of the date this Website is being developed Benchmark Mortgage Inc. has an application in with the New Jersey Department of Banking and Insurance.

However, when we have our license for second mortgages we will have the ability to do Piggy Back Mortgages that will allow higher Combined Loan to Values and eliminate Private Mortgage Insurance.

Check this site often as we expect to have this license by the end of 2005.