Frequently Asked Questions
1. What are the mortgage loans currently being offered at BMS Corp?
Answer: Conventional Loan Programs
1. Fixed Rate Loan;
2. FHA (Federal Housing Administration) Loan;
3. VA (Veteran Affairs) Loan;
4. ARMS (Adjustable Rate Mortgages) Loan;
5. Jumbo Loans.
Specialty Loan Programs:
1. First Time Home Buyers
2. HomeReady (Fannie Mae)
3. Home Possible (Freddie Mac)
4. MIA – Dade Seconds
NON-QM (Qualified Mortgage) Loans Programs:
1. Alien, Non-Citizen & Foreign Born Loans
2. Near Prime Loans
3. Investor Advantage – No Income Verification Loans
4. Investor Properties Loans
5. Bank Statement Program Loans
6. Private Equities Loans
7. Commercial Financing Loans
8. DSCR (Debt Service Coverage Ratio) Loans
2. What are the hours of operation at BMS Corp?
Answer: Monday – Friday: 9 AM to 5:30 PM
Saturday: 10 AM to 5 PM
Sunday: Closed
3. Will I have a BMS Corp. Mortgage Loan Officer assigned to me once I start the loan process?
Answer: Yes, BMS Corp. will assign a Banking Mortgage Systems Loan Officer specifically to your loan that will work with you from the start to the completion of your loan process.
4. I run my own company, so how do I get qualified for a new Home Loan at BMS Corp.?
Answer: Yes, please review the “NON-QM (Qualified Mortgage) Loans Programs – Bank Statement Program Loans.
5. I am in the military, is there a special Home Loan for U.S. Military that will give me a better deal?
Answer: Yes, please review our “Conventional Loan Programs – VA (Veteran Affairs) Loan Program.
6. How do I get Pre-Qualified for a loan at BMS Corp?
Answer: Please go to www.bmscorp.net and click on “Loan Programs” and then click on “Pre Qualification Application” and fill out the form and we will let you know within 24 hours if you are qualified to proceed with a loan at BMS Corp.
7. How do I figure out how much Loan I can afford?
Answer: Go to www.bmscorp.net and click on “Loan Programs” and then click on “Loan Calculator”. Fill in the Purchase Price of the home, the Down Payment required to purchase the home, the Term of the Loan in years, and the Interest Rate (per year), Property Tax, Home Insurance, PMI and then “Calculate” how much your monthly loan payment will be. A BMS Corp. Mortgage Loan Specialist can walk you through this if you have a questions.
8. Does BMS Corp. Mortgage Loan Officers have Spanish Speaking Agents to assist me with a loan?
Answer: Yes, our BMS Corp. Team is bi-lingual and speaks fluent English & Spanish to assist.