Benchmark stands by our veteran heroes who put their lives on the line to defend our freedoms. Boot'n & Shoot'n is just another way we give back.
Active duty service members move every 3 years on average. For military families, frequent relocation can create added stress, as you have to find new housing, coordinate the logistics of a move, and establish new roots in an unfamiliar place. At Benchmark, we want to help alleviate some of that stress, and help ensure a …
Our nation’s military families make a lot of sacrifices for our country. The Department of Defense designated the month of April in 1986 as ‘The Month of the Military Child’ to commend the sacrifices and devoted support of service members’ children.
There are over one million active-duty dependent children living worldwide. These military children are resilient, remaining steadfast during deployments and frequent moves across the country and the world. According to the Department of Defense Education, on average a military child may move six to nine times during their school career.
At Benchmark, we are proud to support military families. Join us in recognizing these incredible kids and their contributions to our country!
Check out some of the incredible stories of our team giving military families an amazing homebuying experience across the country!
Effective on January 1st 2020, there will be several changes to the VA loan program.
The VA loan is a mortgage loan program that provides many great benefits for veterans and their families. With the passing of the Blue Water Navy Vietnam Veterans Act of 2019, several changes are coming that every veteran considering applying for a VA loan needs to be aware of.
Removal of the Loan Limit
As of January 1st 2020, the VA will no longer cap the price of a home with no money down when purchasing a home with a VA loan, if the buyer has full entitlement . Previously, buyers in higher cost markets were sometimes unable to get VA loans that matched the price of their desired home. With this change, veterans looking to buy with a VA loan will be able to compete with conventional buyers. VA applicants will still have to qualify for the loan and meet the income and down-payment requirements.
Purple Heart Funding Fee Exemption
Another big announcement regarding the VA Loan is the elimination of the funding fee for any active duty Purple Heart recipients.
VA Funding Fee Increase
The VA funding fee will see a slight increase in January 1st 2020. Under the new provisions, the fee will be bumped from 2.15% up to 2.30%. Some will be exempt from this increase, such as those with service related disabilities.
To learn more about the changes to the VA loan, and to better understand your options and benefits, it is crucial to consult with a Benchmark VA Home Loan Specialist. They have studied the VA loan inside and out, and understand how to get veterans the most from their hard- earned benefits. Schedule a consultation today, and start learning from the experts about the VA Loan program.
Benchmark never quits.
An IRRRL, or Interest Rate Reduction Refinancing Loan, is a quick VA refinance option with fewer qualifications and less paperwork than other refinance loan options. It’s meant to be a quick and non-complicated refinance option for qualified VA homeowners, and there is no appraisal requirement. Read more
I was stuck with multiple issues from a previous lender. I was referred to Bret from a friend. Within a week, I was approved for a loan and all my papers were prepared. Bret worked vigorously to help me get my new home. I am very grateful for his hard work and dedication he put in to help me.
There wasn’t even a doubt in our minds nor did we ever question who we were going to use as our VA Lender. Sheri from Benchmark took care of us on our first home purchase, so we knew the second would be just as easy. Any question we had, day or night was answered to the quickest capability via text, call or email.
As a veteran, I’ve personally witnessed my brothers and sisters in arms being underserved. That’s not what we experienced with Sheri. From day one we were welcomed and walked through the lending process. And during closing, in the presence of Sheri and our realtor, the closing department showed high praise for Benchmark.
The thing that stood out the most was Sheri’s responsiveness and genuine empathy. While I know we were not her only clients at the time, she made us feel as if we were. She was prompt, easy to talk to, and it was apparent she is an expert in the field. We had a complicated application with multiple homes and Sheri found us the best and most financially sound Package.
We never look back wondering if there would have been an easier way without Sheri.
Choosing Benchmark came at the recommendation of my realtor. Sheri and her team did not disappoint. Every question or concern was answered promptly and honestly. My preappoval and home selection was all done while I was deployed. When I came home I had a family emergency and Benchmark had a notary come to my location to finished the closing. They are the kind of company where everyone knows who you are. The easiest and most efficient process I’ve done which is mind-boggling since buying a home is such a large purchase. Military or not Benchmark is a stellar company with honest people.
[VIDEO] Hurricane Michael devastated much of Florida, and destroyed many homes that were in its path. Benchmark went above and beyond to make sure that Dustin and his family were taken care of.
The fee amount depends on the type of veteran, whether you choose to put a down payment, and whether you have used the VA loan benefit before. Some people are exempt from having to pay the fee, and the VA has the last word on who is exempt.