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Perfect for almost any borrower

The biggest benefit of a conventional fixed 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 (Adjustable Rate Mortgage) options. Payment may increase after consummation.


Active duty and Reservists

A Veterans Affair (VA) Loan is a home loan designed to help finance homes for Veterans, eligible members of the military, and in some cases, surviving spouses. A VA Loan is guaranteed by the government, but made by qualified lenders such as banks or independent mortgage companies. Because the loan is guaranteed by the government, lenders can approve borrowers with more flexible lending standards. In many cases, it also allows for no down payment, or a lower down payment than other conventional loan options.

    Available to active and retired military

    Up to 100% financing available

    No private mortgage insurance

    Reasonable Credit Qualifications

    No Early payoff penalties


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

Jumbo loans allow homebuyers to finance a home that exceeds the conventional loan limits set by the Federal Housing Finance Agency. As of January 1, 2019 the conventional loan limits were raised to $484,350 in most areas. The limit may be higher in your area, depending on home prices in your area. You can check the limit in your area by clicking here.

If you are planning to purchase a home that is above the conforming loan limit in your region, our jumbo loan option allows you to finance your home without being restricted by the dollar amount.


For borrowers 62 and better

A reverse mortgage is a loan that allows a senior homeowner (age 62 and above) to access the cash equity in their home to be used for anything, such as paying for medical needs, daily living expenses, home repairs, travel or simply enhances the quality of their retirement years. The amount that you can qualify for depends on your age, the value of your home, and current interest rates. A full or partially funded set aside of proceed may be required for payment of property charges for the loan. In general, the older you are and the more valuable your home, the more money you’re eligible to receive.

Important Facts:

    A reverse mortgage will not affect social security or Medicare benefits

    Reverse mortgage proceeds are not subject to federal income taxes*

    Reverse mortgage recipients keep ownership of their home

    A reverse mortgage may be subject to credit or income qualification

    A Reverse Mortgage is a FHA loan program

*Please consult your tax advisor regarding tax implications.
Talk to a reverse mortgage loan officer

Available for Seniors age 62 and older. Home must be occupied as principal residence, required taxes and insurance paid and make all necessary repairs to avoid deterioration of the property. When the house is sold, the loan, along with any interest and fees, are paid to the lender. Any remaining equity belongs to the heirs. This website has not been reviewed, approved or issued by HUD, FHA or any other governmental agency


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.

NOTE: Refinancing an existing loan may result in finance charges being higher over the life of the loan. Reduction of payments may reflect a longer term.

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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