Benchmark Mortgage Companies, an affiliate of Tidewater Home Funding, serving customers throughout the Greater Richmond region, Waynesboro and western Virginia. Tidewater Home Funding and our affiliated lenders, Benchmark Mortgage Companies and Farmers Bank Home Mortgage, are proud to serve families in Virginia, North Carolina and Florida. Founded in 2000, Tidewater Home Funding has offices serving customers throughout South Hampton Roads, the Virginia Peninsula and Northeast North Carolina.
Farmers Bank Home Mortgage, an affiliate of Tidewater Home Funding, serving customers throughout Southern Virginia and Northeast North Carolina, including Suffolk and Isle of Wight County.
Farmers Bank Home Mortgage, an affiliate of Tidewater Home Funding, serving customers throughout Southern Virginia and Northeast North Carolina, including Suffolk and Isle of Wight County.
Services
Benchmark Mortgage Companies located in Glen Allen, VA is a full service, local lender providing solutions for all your mortgage needs.
Whether it's purchasing your first home or your 10th, we have mortgage options to meet all situations.
With consistently competitive rates and a variety of loan options.
We work with you to find a mortgage program that is tailored to fit your financial situation.
Dedicated Support - We provide you with a knowledgeable team of loan experts to help you through the home loan experience, from application to close.
Whether it's purchasing your first home or your 10th, we have mortgage options to meet all situations.
With consistently competitive rates and a variety of loan options.
We work with you to find a mortgage program that is tailored to fit your financial situation.
Dedicated Support - We provide you with a knowledgeable team of loan experts to help you through the home loan experience, from application to close.
We work very hard for our customers because nothing pleases us more than helping our clients acheive the dream of affordable home ownership.
We want to add you to our list of very satisfied customers.
Steven and Benchmark Mortgage was great and a thrill to work with and wouldn't rank anyone above them.
I went into the refinance a bit intimidated, but Benchmark helped us every step of the way.
We want to add you to our list of very satisfied customers.
Steven and Benchmark Mortgage was great and a thrill to work with and wouldn't rank anyone above them.
I went into the refinance a bit intimidated, but Benchmark helped us every step of the way.
Currently, Four Disclosure Forms -For more than 30 years, Federal law has required lenders to provide two different disclosure forms (GFE & TIL) to consumers when they apply for a mortgage and two different forms (TIL & HUD-1) at or before closing.
In the Past, Two Agencies -Two different Federal agencies (HUD & FRB) developed the disclosure forms separately under two Federal statutes: The Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act of 1974 (RESPA).
The Problem: Inconsistency & Confusion-In general, the information on the current disclosures overlaps and the language is inconsistent.
In the Past, Two Agencies -Two different Federal agencies (HUD & FRB) developed the disclosure forms separately under two Federal statutes: The Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act of 1974 (RESPA).
The Problem: Inconsistency & Confusion-In general, the information on the current disclosures overlaps and the language is inconsistent.
Creditors are responsible for providing the Closing Disclosure (CD); however a Creditor may contract with a Settlement Agent to have a CD provided to the consumer on behalf of the Creditor.
The Creditor or Settlement Agent should allow 7 BUSINESS DAYS to provide the CD via mail or email.
The 3 day rule applies if couriered with receipt or hand delivered.
For the purpose of delivering the Closing Disclosure, "Business Days" is defined as follows:.
Increases to the APR greater than 1/8 of a percent for most loans (and of a percent for loans with irregular payments or periods).
The Creditor or Settlement Agent should allow 7 BUSINESS DAYS to provide the CD via mail or email.
The 3 day rule applies if couriered with receipt or hand delivered.
For the purpose of delivering the Closing Disclosure, "Business Days" is defined as follows:.
Increases to the APR greater than 1/8 of a percent for most loans (and of a percent for loans with irregular payments or periods).
Purchase Contracts - Include ALL pages, additions, addendums, change orders, price additions/concessions.
DETERMINE closing agent EARLY in process - PROVIDE ALL contract info to closing agent ASAP.
MUST assure a borrower provides ALL lender requested loan documents, forms, and information in a TIMELY manner - Borrower delays WILL DELAY closing date.
Order & Coordinate home inspection ASAP! Appraisal is NOT ordered until receipt of okay home inspection.
CLOSING DISCLOSURE MUST BE GIVEN to customer THREE (3) BUSINESS DAYS PRIOR TO consummation (closing) - NO WAIVERS!.
DETERMINE closing agent EARLY in process - PROVIDE ALL contract info to closing agent ASAP.
MUST assure a borrower provides ALL lender requested loan documents, forms, and information in a TIMELY manner - Borrower delays WILL DELAY closing date.
Order & Coordinate home inspection ASAP! Appraisal is NOT ordered until receipt of okay home inspection.
CLOSING DISCLOSURE MUST BE GIVEN to customer THREE (3) BUSINESS DAYS PRIOR TO consummation (closing) - NO WAIVERS!.
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