800-979-9994
WHY CHOOSE FHA?
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.
WHY CHOOSE FNMA HOMEREADY?
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.
WHY CHOOSE FHLMC HOMEONE?
HomeOne is for first-time borrowers looking for flexible finance options with no income limits and low down payment options.
WHY CHOOSE CONVENTIONAL?
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.
WHY CHOOSE VA?
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.
WHY CHOOSE CONVENTIONAL?
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.
WHY CHOOSE FHA?
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.
WHY CHOOSE FNMA HOMEREADY?
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.
WHY CHOOSE A USDA LOAN?
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.
WHY CHOOSE FHA 203(k)?
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.
WHY CHOOSE FNMA HOMESTYLE?
HomeStyle Renovation provides a convenient way for borrowers to make renovations, repairs, or improvements. Rather than a second mortgage, home equity line of credit or other more costly financing options, you can borrow up to 50 percent (for manufactured homes) or 75 percent (for all other property types) of the as-completed appraised value of the property with a first mortgage.
Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.
WHY CHOOSE FHA?
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.
WHY CHOOSE CONVENTIONAL?
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.
WHY CHOOSE EXTENDED RATE LOCK?
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.
WHY CHOOSE FHA?
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.
WHY CHOOSE FNMA HOMEREADY?
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.
WHY CHOOSE FHLMC HOMEONE?
HomeOne is for first-time borrowers looking for flexible finance options with no income limits and low down payment options.
WHY CHOOSE CONVENTIONAL?
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.
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.
WHY CHOOSE CONVENTIONAL?
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).
WHY CHOOSE FHA?
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.
WHY CHOOSE FNMA HOMEREADY?
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.
WHY CHOOSE VA?
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.
WHY CHOOSE A USDA LOAN?
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.
WHY CHOOSE FHA 203(k)?
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.
WHY CHOOSE A FNMA HOMESTYLE?
HomeStyle Renovation provides a convenient way for borrowers to make renovations, repairs, or improvements. Rather than a second mortgage, home equity line of credit or other more costly financing options, you can borrow up to 50 percent (for manufactured homes) or 75 percent (for all other property types) of the as-completed appraised value of the property with a first mortgage.
Want to find out more? Call (800) 979-9994 to speak with one of our qualified team members today.
WHY CHOOSE FHA?
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.
WHY CHOOSE CONVENTIONAL?
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.
WHY CHOOSE EXTENDED RATE LOCK?
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.
