BNC National Bank mortgage review: A variety of home loans but a website that lacks clarity

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Updated January 23, 2021

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Written by Taylor Medine

BNC National Bank mortgage loans at a glance

  • Conventional loans: Yes
  • FHA loans: Yes
  • VA loans: Yes
  • Refinancing: Yes
  • Jumbo loan: Unclear
  • Adjustable rates: Yes (5/1 ARM, 7/1 ARM, 10/1 ARM)
  • Fixed rates: Yes (10 to 30 years)

BNC National Bank is headquartered in North Dakota and has mortgage banking locations in Arizona, Minnesota, Illinois, Kansas and Missouri.

Although it operates out of the Midwest and southwestern United States, BNC National Bank also offers home loans for people who live in most states across the U.S. The lender offers a variety of mortgage loans for new purchases and home refinancing.


  • Variety of home loans available — some with low down payment options
  • Loans for both new purchases and mortgage refinancing
  • Loans available for investment properties and vacation homes


  • Some locations only have access to online lending, which might not be ideal if you prefer in-person service
  • Must speak with a representative to check rates

4 things to know about BNC National Bank mortgage loans

1. Many loan programs available

At BNC National Bank, you’ll find plenty of home loan options. The company offers low down-payment conventional loans, FHA loans and VA loans, as well as adjustable-rate mortgages, or ARMs — and hybrid ARM mortgages. BNC National Bank can also handle your mortgage refinance.

Those options may be particularly attractive if you’re a first-time homebuyer and can’t afford a large down payment. 

2. Loans for investment properties and vacation rentals

BNC National Bank offers financing for primary residences, vacation homes and investment properties. Loans may be available for single-family homes, condos, townhouses, two- to four-unit properties, cooperatives and manufactured homes.

3. Online lending process

You can complete and manage the mortgage application process online. That could be great for people who want to avoid a branch visit — but a pain for people who prefer to sign off in person. But the online application is easy to follow, and you can submit supporting financial documents by uploading files to your application.

4. Must call to discuss rates and loan options

Considering BNC National Bank offers online mortgage lending, the website is very light on loan details, such as potential rates and loan eligibility requirements. That’s a big downside if you want to research mortgage lenders ahead of time.

If you’re shopping around to compare quotes for a home purchase or refinance, you’ll have to fill out a prequalification form and then wait to hear back about rates and loan options. With that said, customer service is responsive by phone and email.

Who is a BNC National Bank loan good for?

A mortgage from BNC National Bank could be ideal if you’re not sure which type of mortgage is best for you since the lender offers so many types of home loans. For example, if you’re looking for a second home to vacation in or a real estate property to add to your portfolio, BNC National Bank might be able to help you with your goals.

Military service members and first-time homebuyers might find that BNC National Bank is worth considering as well since it provides both FHA loans and VA loans. These government-backed options may be able to help if your credit isn’t stellar or you need to make a smaller down payment.

Besides the FHA loan, BNC National Bank offers several other low-down-payment options if you don’t have a 20% down payment to bring to the table. Qualified borrowers might get approved for a 0% down USDA loan or a conventional loan with a low down payment.

Speaking with a loan representative to check rates could be a plus if you‘d prefer to handle such a large transaction with one-on-one support. BNC National Bank has its phone number on the website and throughout the application in case you need help.

How to apply for a BNC National Bank mortgage

BNC National Bank has a preliminary application process that’s a mix of an online form and contact with a representative. The form asks for information such as where your credit scores stand and the type of home that you want to buy.

At the end of the intake form, you have to put in your contact information, and someone will reach out to discuss potential options.

BNC National Bank doesn’t list minimum loan eligibility requirements. Mortgage lenders typically consider factors such as your credit and debt-to-income ratio, or DTI, to determine if you qualify and at what interest rate. Requirements for loans can vary depending on the lender and type of home loan program.

Not sure if BNC National Bank is right for you? Consider these alternatives.

If you’re shopping for a mortgage, you have a window of time where multiple inquiries are only counted as one for your credit scores. You typically have 14 days — though it could be longer depending on the scoring model.

  • New American Funding: New American Funding also offers a variety of mortgages and conventional loans. Plus, you can request a quote and check daily rates on its website.
  • Veterans United Home Loans: Veterans United Home Loans is one of the largest issuers of VA loans in the country, and its website clearly outlines VA loan eligibility criteria and available rates.

About the author: Taylor Medine is an indie author and professional writer who covers personal finance topics for various media outlets. Her work has been featured on websites such as FinanceBuzz, Lending… Read more.