
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
finder.com’s rating: 3.8 / 5.0
★★★★★
BNC National Bank is one of the nation’s top lenders for VA loans, and offers many other government-backed and conventional loans for homebuyers. Its loan officers offer personal customer service, though its branch locations are limited to just a few states.
Loan products offered | Conventional, Jumbo, FHA, VA, USDA, Refinance |
---|---|
Minimum down payment | 3% |
State availability | Available in all states |
BNC National Bank primarily offers mortgages for new home purchases and refinancing. Within those two categories, there are a number of loan types for a variety of needs.
Fixed- and adjustable-rate mortgages are both available with low down payments, and the option to make biweekly payments.
These loans, backed by the US government, allow BNC to offer low mortgages rates to first-time homebuyers and people with poor credit and no down payment.
Loans offered through the Veterans Administration allow active service members, veterans and their spouses to buy a home with no down payment, no PMI and low interest rates.
USDA backed loans are specifically for low-income people in rural areas. Be approved with a credit score of at least 620, and get a break on your down payment and mortgage insurance (PMI).Though USDA loans aren’t specifically mentioned on BNC National Bank’s website, they are available through BNC.
Those with good credit can apply for loans up to $3.5 million.
The origination fee is $1,095, although people with good credit might be able to have that reduced.
Depending on the program you apply for, the credit requirements and down payment requirement varies. Other requirements for most applicants will include:
BNC National Bank has 2 out of 5 stars on the Better Business Bureau website, though there are only five reviews on the site and the BBB awards BNC National Bank with an A+ rating.
BNC National Bank has an average rating of 4.67 stars out of 5 on Zillow, based on 1,664 reviews. These positive reviews reflect BNC’s strong online reputation.
BNC National Bank offers a few advantages which help set it apart from its competition.
Consider these negative points before deciding on a mortgage with BNC National Bank.
To see if you prequalify for a home loan:
To apply for a home loan:
BNC National Bank is a full service bank that is headquartered in Bismarck, North Dakota, with its mortgage division based out of Overland Park, Kansas.
In addition to mortgage lending, it offers community banking and wealth management services, although some of its branch locations only service mortgages.
BNC National Bank is primarily known for two things: As a top VA mortgage lender and its customer service. It’s been accredited with the Better Business Bureau since 2013 and has an A+ rating.
Generally, BNC National Bank has positive online reviews, although there are some negative reviews for customer service on the BBB’s website.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.
Read the full methodology of how we rate home loan providers.
Review by
Andrew Flueckiger is a licensed insurance agent and Certified Insurance Counselor with experience in insurance and finance. A graduate of Indiana University, Andrew contributes a wealth of knowledge and experience to Finder. When Andrew isn’t writing, reading or practicing insurance, he can be found spending time with his family and playing the guitar.
BNC National Bank is a top VA lender, best for veterans and service members who can qualify. It boasts a strong track record of personalized customer service, but if you prefer working with a loan officer in person, you may want to consider another lender.