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Let’s find the right loan for you.

I’m looking for a low-down-payment option.

I’m buying my first home.

I’m a Veteran or active member of the U.S Military.

FHA *

WHY CHOOSE FHA?

  • Low down-payment of only 3.5%
  • Flexible credit guidelines
  • Allows gifts of equity and for the seller to pay up to 6% of closing costs

An FHA loan is a home loan insured by the Federal Housing Administration and designed for members who are unable to make a large down payment. They tend to offer more flexible credit and income requirements than other loan types.

FNMA HomeReady

WHY CHOOSE FNMA HOMEREADY?

  • Low down payment options
  • No minimum contribution of funds from borrower
  • Private mortgage insurance is cancellable

HomeReady is an affordable, low down payment mortgage product designed for creditworthy low- to moderate-income borrowers, with expanded eligibility for financing homes in low-income communities.

Conventional *

WHY CHOOSE CONVENTIONAL?

  • Down payment as low as 3%
  • No private mortgage insurance (PMI) with down payments of 20% or more
  • Can be used for vacation homes and investment properties

Conventional loans are a popular choice for members who meet credit and down payment requirements because these loans tend to have better interest rates than other loan types. Members who are unable to make a large down payment may still qualify for a conventional loan by accepting PMI.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

VA *

WHY CHOOSE VA?

  • No down payment
  • No private mortgage insurance (PMI)
  • Competitive interest rates

VA loans are backed by the Department of Veterans Affairs and are designed for qualifying veterans, active military members, and military spouses. They do not require a down payment or PMI, and closing costs can be from a gift, making these loans a great choice for military personnel who qualify.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

Congratulations, you’re buying your first home! This is a big step, and it can feel a little intimidating, but our mortgage team members are here to guide you every step of the way. When you schedule a consultation, your loan officer will discuss your financial status and help you decide which loan program fits you best. They’ll also go over what the process and commitment of buying a home entails, guide you through the pre-approval process, and make sure you have all the necessary documents. Here are some of the products that are popular with first-time buyers.

Conventional *

WHY CHOOSE CONVENTIONAL?

  • Down payment as low as 3%
  • No private mortgage insurance (PMI) with down payments of 20% or more
  • Can be used for vacation homes and investment properties

Conventional loans are a popular choice for members who meet credit and down payment requirements because these loans tend to have better interest rates than other loan types. Members who are unable to make a large down payment may still qualify for a conventional loan by accepting PMI.

FHA *

WHY CHOOSE FHA?

  • Low down-payment of only 3.5%
  • Flexible credit guidelines
  • Allows gifts of equity and for the seller to pay up to 6% of closing costs

An FHA loan is a home loan insured by the Federal Housing Administration and designed for members who are unable to make a large down payment. They tend to offer more flexible credit and income requirements than other loan types.

FNMA HomeReady

WHY CHOOSE FNMA HOMEREADY?

  • Low down payment options
  • No minimum contribution of funds from borrower
  • Private mortgage insurance is cancellable

HomeReady is an affordable, low down payment mortgage product designed for creditworthy low- to moderate-income borrowers, with expanded eligibility for financing homes in low-income communities.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I would like to live in a rural area.

The home I want to buy is a fixer-upper.

I have less-than-perfect credit, but I want to buy a home.

USDA

WHY CHOOSE A USDA LOAN?

  • No down payment
  • Low private mortgage insurance (PMI) requirements
  • Flexible credit guidelines

USDA loans are backed by the US Department of Agriculture and are designed for homes in eligible rural areas. The low interest rates and lack of a down payment requirement make them a great option for members who cannot afford a large down payment and are looking to live in a rural area.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

FHA 203(K) *

WHY CHOOSE FHA 203(k)?

  • Down payment of only 3.5%
  • Flexible credit guidelines
  • Ability to finance the home purchase and the remodeling in one loan

FHA 203(k) loans are FHA loans specifically designed for members who need to make renovations or remodel. They allow you to spread the cost of renovation over the entire life of your mortgage and offer better interest rates than most home improvement loans.

FNMA HomeStyle Loan

  • Low down payment options
  • Ability to finance home purchase and remodel into one loan
  • Loan amount based on as-completed value of the home

HomeStyle Renovation provides a convenient way for borrowers to make renovations, repairs, or improvements totaling up to 50 percent of the as-completed appraised value of the property with a first mortgage, rather than a second mortgage, home equity line of credit, or other, more costly financing method. Eligible borrowers include individual home buyers, investors, nonprofit organizations, and local government agencies.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

FHA *

WHY CHOOSE FHA?

  • Low down-payment of only 3.5%
  • Flexible credit guidelines
  • Allows gifts of equity and for the seller to pay up to 6% of closing costs

An FHA loan is a home loan insured by the Federal Housing Administration and designed for members who are unable to make a large down payment. They tend to offer more flexible credit and income requirements than other loan types.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I want to purchase an investment property or second home.

The home I want to purchase is more than $484,350.

I want to build a home.

Jumbo

WHY CHOOSE A JUMBO MORTGAGE?

  • Loan amounts as high as $2 million
  • Low rates for qualified borrowers

Jumbo mortgages are designed for homes that exceed the limit of other loan types. They are typically used for luxury homes or homes in highly competitive markets.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

Conventional *

WHY CHOOSE CONVENTIONAL?

  • Down payments as low as 3%
  • No private mortgage insurance (PMI) with down payments of 20% or more
  • Can be used for vacation homes and investment properties

Conventional loans are a popular choice for members who meet credit and down payment requirements because these loans tend to have better interest rates than other loan types. Members who are unable to make a large down payment may still qualify for a conventional loan by accepting PMI.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

Extended Rate Lock Program

WHY CHOOSE EXTENDED RATE LOCK?

  • Allows borrower to lock in current interest rate for up to 12 months
  • One float-down option is allowed to protect borrowers if interest drops
  • Conventional, VA and FHA fixed-rate financing eligible

The Extended Lock Program allows borrowers to lock in their current interest rate for up to 12 months on eligible, permanent, new construction properties. It applies to Conventional fixed-rate, FHA fixed-rate and VA fixed-rate financing and is a great option for borrowers looking to build a home but avoid the risk of rising interest rates.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I want to buy a home, but it’s a fixer-upper.

FHA 203(K)

WHY CHOOSE FHA 203(k)?

  • Low 3.5% down payment requirement
  • Flexible credit guidelines
  • Ability to finance whole home remodel

An FHA 203(k) loan is an FHA loan that provides borrowers with the opportunity to combine renovation costs with their mortgage financing. This allows the cost of renovations to be spread out over the life of your loan and offers lower interest rates and longer loan terms than traditional home improvement loans.

Here at Towne, we offer both the standard and streamline versions of this program.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I’m interested in a low down payment option.

FHA

WHY CHOOSE FHA?

  • Low 3.5% Down payment requirement
  • Allows seller to pay up to 6% of closing costs
  • Flexible credit guidelines

An FHA loan is a mortgage loan issued by federally qualified lenders and backed by the Federal Housing Administration. Designed for low-to-moderate income borrowers who are unable to make a large down payment— they are typically more flexible in credit and income requirements than conventional loans.

Conventional

WHY CHOOSE CONVENTIONAL?

  • Down payment as low as 3%
  • Income properties are eligible
  • Private mortgage insurance not required with 20% down payment or higher

A conventional loan is our most popular mortgage option for borrowers looking to purchase or refinance a home. They are not guaranteed or insured by any government agency and conform to the loan limits set by the Federal Housing Finance Administration (FHFA).

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I’m a Veteran or active member of the U.S Military.

VA

WHY CHOOSE VA?

  • 0% down payment requirement
  • No monthly mortgage insurance
  • Competitive interest rates

A VA loan is a mortgage that is backed by the Department of Veterans Affairs for veterans, active military personnel and military spouses who qualify. With no down payment requirement and competitive interest rates, it’s a great choice for eligible applicants.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I’m buying my first home.

When buying your first home, there are a lot of factors to consider. We recommend a consultation with one of our loan experts. They will meet with you to discuss your current financial standing and help you decide the on the loan program best suited to your specific needs. They will also review the financial commitment of purchasing a home, guide you through the pre-approval process and help you organize the necessary applications documents. Take a look at the loan products we offer below.

Conventional

WHY CHOOSE CONVENTIONAL?

  • Down payment as low as 3%
  • Income properties are eligible
  • Private mortgage insurance not required with 20% down payment or higher

A conventional loan is our most popular mortgage option for borrowers looking to purchase or refinance a home. They are not guaranteed or insured by any government agency and conform to the loan limits set by the Federal Housing Finance Administration (FHFA).

FHA

WHY CHOOSE FHA?

  • Low 3.5% down payment requirement
  • Allows seller to pay up to 6% of closing costs
  • Flexible credit guidelines

An FHA loan is a mortgage loan issued by federally qualified lenders and backed by the Federal Housing Administration. Designed for low-to-moderate income borrowers who are unable to make a large down payment— they are typically more flexible in credit and income requirements than conventional loans.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I would like to live in a rural area.

USDA

WHY CHOOSE A USDA LOAN?

  • 0% down payment requirement
  • Low monthly private mortgage insurance
  • Flexible credit guidelines

USDA loans are mortgages for homes in eligible rural areas and are backed by the United States Department of Agriculture. USDA loans are geared towards low-to-moderate income families looking to finance a home. They offer low interest rates and no down payment is required.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I have less-than-perfect credit, but I would like to purchase a home.

FHA

WHY CHOOSE FHA?

  • Low 3.5% down payment requirement
  • Allows seller to pay up to 6% of closing costs
  • Flexible credit guidelines

An FHA loan is a mortgage loan issued by federally qualified lenders and backed by the Federal Housing Administration. Designed for low-to-moderate income borrowers who are unable to make a large down payment— they are typically more flexible in credit and income requirements than conventional loans.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I want to purchase a home for more than $484,350.

Jumbo

WHY CHOOSE A JUMBO MORTGAGE?

  • Loan amounts up to $2 million
  • Low interest rate for qualified borrowers

A jumbo mortgage is a home loan for an amount that exceeds conforming loans limits set by the Federal Housing Finance Agency (FHFA). These loans are designed to finance luxury homes as well as properties in highly competitive real estate markets.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I want to purchase an investment property or second home.

Conventional

WHY CHOOSE CONVENTIONAL?

  • Second home requires only 10% down payment, investment property requires only 15% down payment
  • Private mortgage insurance not required with 20% down payment or higher
  • Conventional credit guidelines apply

A conventional loan is our most popular mortgage option for borrowers looking to purchase a home. They are not guaranteed or insured by any government agency and conform to the loan limits set by the Federal Housing Finance Administration (FHFA).

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.

I want to build a home.

Extended Rate Lock Program

WHY CHOOSE EXTENDED RATE LOCK?

  • Allows borrower to lock in current interest rate for up to 12 months
  • One float-down option is allowed to protect borrowers if interest drops
  • Conventional, VA and FHA fixed-rate financing eligible

The Extended Lock Program allows borrowers to lock in their current interest rate for up to 12 months on eligible, permanent, new construction properties. It applies to Conventional fixed-rate, FHA fixed-rate and VA fixed-rate financing and is a great option for borrowers looking to build a home but avoid the risk of rising interest rates.

Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.