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Perfect for almost any borrower

The biggest benefit of a conventional rate mortgage is the fact that the interest rate does not change over time. This allows you to budget your finances and make a consistent, fixed payment over the duration of your loan. Conventional rate mortgages allow you to lock in an interest rate and principal payment for the entire life of your loan. Your rate and principal payment never increase, even if the market changes.

  • Up to 97 % financing of your loan
  • Stable rate and principle payments
  • Easy-to-understand loan terms
  • Competitive interest rates
  • Locks interest rate for the life
  • 15 or 30 year terms


Offers low down payment and flexible credit score requirements

FHA insured loans often give first-time homebuyers the option of making a lower down payment than they would need to make if using a traditional, non-FHA insured mortgage. FHA loans don't just benefit the potential homeowner – they also are beneficial for the economy as a whole. They stimulate economic development in the form of expanding tax bases and creating jobs.

  • As little as 3.5% down payment
  • Less than perfect credit can apply
  • Guaranteed by the Federal Housing Authority
  • Seller can pay borrower closing costs
  • Fixed rate and ARM options


Active duty and Reservists

VA loans are designed to provide affordable home financing options to Veterans, active duty and reserve service members, and in some cases, their surviving unmarried spouses. Because VA loans are government insured, they can often offer lower interest rates than other conventional loans, and do not require a down payment.

  • Available to active and retired military
  • Up to 100% financing available
  • No private mortgage insurance
  • Reasonable Credit Qualifications
  • No Early payoff penalties
  • No downpayment needed


For buyers looking to purchase in rural or suburban areas

USDA loans offer a number of unique benefits that set them apart from standard home loans. USDA loans require no down payment, so qualified individuals can finance up to 100% of the home's total purchase price. This makes them one of the more desirable loans available to homeowners.

  • Up to 100% financing available
  • Little or no down payment options
  • Flexible credit guidelines
  • Seller can pay borrower closing costs


For borrowers who need a loan above the conforming limit

This loan allows home buyers to finance a home that exceeds the conventional loan limits set by the Federal Housing Finance Agency.

  • Minimum credit score of 700
  • Up to 85% Loan to Value
  • Loan amounts up to $1.5 Million
  • Fixed Rate and Adjustable Rate Mortgages available
  • For use on Primary Homes, including condominiums


Your home can help you save!

You can use the equity in your home for renovations or refinance for a better rate. Explore our refinance programs to find the right option for you.

Whether you want to lower your monthly payment, get a lower interest rate, shorten your term or do a cash-out refinance, our loan officers will help you determine if refinancing can help you meet your goals.

Wondering whether you should refinance? Calculate your monthly payment and review your options with our refi calculator.

Wondering whether you should refinance?

Calculate your monthly payment and review your options with our refi calculator.


Build your dream home on a secure financial foundation

The "One & Done" Construction to Perm Loan:

One-Time Close. Building your dream home shouldn’t be a headache. Close your construction/perm loan with one application and enjoy the process of building your new home.

What do you need to apply:

  • A copy of the deed to the land, whether you own or are purchasing the land
  • HUD -1 Settlement Statement for the purchase of the land if you purchased it within 12 months of applying for the loan
  • Contract for the purchase of the land if you don't own it already
  • Contract with a builder
  • Complete builder information: Company name, address, phone number and federal tax ID number
  • Plans and specifications for the home
  • Certificate of liability insurance for the builder
  • Builder's risk/homeowner's policy


For borrowers who found the perfect home that needs a little work

Enables homebuyers and homeowners to finance both the purchase (or refinancing) of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.

Why use Towne for your renovation loan?

  • You can choose your own contractor- At Towne, we believe that you should have the freedom to pick the contractor that works best for you. However, if you need assistance finding a contractor, we can also make recommendations for reputable companies.
  • You’ll have guidance throughout the entire process- Not only will you have the guidance and expertise of your loan officer throughout the process, but you’ll also have access to the renovation specialists here at Towne. The renovation department is there to hold your hand from start to finish, and finish isn’t when the loan closes, it’s when all the renovation work is completed.
  • We’ll ensure work is completed on time- We’re here to help hold your contractor accountable, and make sure that all renovations are moving along in a timely manner. so you can move in on schedule.
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