First-time homebuyers - Novus Home Mortgage

Q: Do I need a 20% down payment?

No. Many loan programs require as little as 3% or 3.5% down , and some qualified buyers may even be eligible for 0% down options.

Q: Is the lowest interest rate always the best deal?

Not always. It’s important to consider the total cost of the loan , including closing costs, fees, loan features, and the level of service you receive.

WHY HOMEOWNERSHIP

Renting Is Paying Someone Else’s Mortgage.

Isn’t It Time You Invested in Yourself?

Build Real Wealth

Every mortgage payment builds equity in your future—not your landlord’s. Homeownership is the #1 wealth-building tool for American families.

Lock In Stability

Fixed-rate mortgages mean predictable payments for decades. While rents climb year after year, your mortgage stays the same.

Unlock Tax Benefits

Homeowners can deduct mortgage interest and property taxes, potentially saving thousands every year at tax time.

Make It Yours

Paint the walls, renovate the kitchen, plant a garden. Homeownership gives you the freedom to create the life you’ve always imagined.

There’s a Perfect Loan

for Every Situation

Don’t let myths about 20% down payments hold you back. We offer multiple paths to homeownership—and our experts will help you find yours.

Find Your Best Option

Strong Credit

Conventional Loans

3–20% down

Ideal for buyers with solid credit scores. Competitive rates and flexible terms make this the go-to choice for many first-time buyers.

Low Down Payment

FHA Loans

3.5% down

The most popular choice for first-time buyers. Lower credit requirements and down payments as low as 3.5% make homeownership accessible.

Veterans Only

VA Loans

0% down

Exclusive to veterans and active-duty service members. Zero down payment, no PMI, and some of the best rates available anywhere.

Rural Areas

USDA Loans

0% down

Zero down payment for homes in eligible rural areas. Designed to help low-to-moderate income families achieve the dream of homeownership.

Run by Mortgage People,

for Mortgage People

At Novus Home Mortgage, a division of Ixonia Bank, we combine personalized expert guidance with cutting-edge mortgage technology to make the process simpler, smoother, and more transparent.

With roughly 50 branches across 47 states, we’re not just a lender—we’re your neighbor, your advocate, and your partner on the journey to homeownership. We don’t just close loans; we open doors to your future.

Don’t Let Misinformation

Stand Between You and Your Home

No. Many loan programs require as little as 3% or 3.5% down, and some qualified buyers may even be eligible for 0% down options.

Not necessarily. There are loan options available for a variety of credit profiles, including FHA loans for qualified borrowers with credit scores starting at 580.

Not always. It’s important to consider the total cost of the loan, including closing costs, fees, loan features, and the level of service you receive.

Yes. Many homeowners have student loan debt. Your lender will evaluate your overall financial picture, including your debt-to-income ratio, to determine your available financing options.

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Your Future Starts
With One Click

Don’t wait another month paying someone else’s mortgage. Connecting with a Novus loan officer is the best way to begin. We lend in all 50 states and are here to give you personalized guidance every step of the way.

Use our tool to connect with a local expert who can help you get pre-approved, compare loan options, and take your next step toward homeownership.