Bancmart

Mortgage Broker serving Chicago, IL

About Bancmart

Bancmart Mortgage Network, Inc. operates as an Illinois Residential Mortgage Licensee, dedicated to providing personalized service for individuals navigating the complexities of home financing. Based in Schaumburg, IL, the company commits to guiding clients through the qualification, application, and approval stages for a variety of mortgage solutions, encompassing home purchases, refinancing, and cash-out options.

The firm specializes in government-backed loan programs, offering FHA loans designed for low-to-moderate income families with lower down payment requirements, and VA loans, providing no-down-payment options for eligible veterans. Beyond these, Bancmart also facilitates conventional mortgages, aiming to find suitable financing for diverse borrower needs.

Bancmart emphasizes client empowerment through educational tools, including a suite of mortgage calculators for rate comparisons, payment schedules, and refinance savings analysis. They also offer pre-qualification services, enabling potential homebuyers to understand their affordability and strengthen their position in the housing market.

Company Information

Lender Type: Direct Lender
Headquarters: Schaumburg, IL

Licensed In

IL

Certifications & Credentials

FHA ApprovedVA ApprovedIllinois Residential Mortgage Licensee

Digital Capabilities

Online Application
Rate Calculator
Pre-Qualification Tool

Home Loan Products

FHA Loan Program

Loan Types:
FHA
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
Full Documentation
Special Programs:
Low Down Payment ProgramFirst-Time Homebuyer
3.5%
Min Down Payment

VA Loan Program

Loan Types:
VAConstruction
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
Full Documentation
Special Programs:
Veteran Program
0

Conventional Loans

Loan Types:
Conventional
Rate Types:
Fixed RateAdjustable Rate (ARM)Interest-Only
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
Full Documentation
Available Terms:
15 years30 years

Refinancing Options

Loan Types:
RefinanceCash-Out Refinance
Rate Types:
Fixed RateAdjustable Rate (ARM)
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Income Verification:
Full Documentation

Contact Information

7100 W Addison St
Chicago, IL 60634
US
Mailing Address:
1015 W. Wise Rd. Suite 101A Schaumburg, IL 60193

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Business Information

Category: Mortgage Broker
Location: Chicago, IL
Status: Standard
Type: Direct Lender
NMLS ID: 236597
Profile Views: 1

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