CUSTOMERS Come First
Whether you dream about purchasing your first home, or third, we are here to help your homeownership dream become a reality—which is why we’ve made buying a home easier than ever with our leading-edge technology, alleviating piles of traditional paperwork.
When you work with Novus Home Mortgage, you can close on your home simply faster with our digital mortgage application process.
Why Homebuyers Love Working with NOVUS
Buying or refinancing a home is a big decision. You deserve straight answers. No jargon. No guesswork. You get clear explanations, real guidance, and consistent updates from pre-approval through closing.
Your goals, budget, and timeline are unique, so your mortgage should be too. Whether you are exploring:
• Conventional financing
• FHA (Federal Housing Administration) loans
• VA (Department of Veterans Affairs) loans
• USDA (United States Department of Agriculture) loans
• Investment property loans
• Second home loans
• Construction loans
• And more!
We help you compare your options and choose a loan that fits your life.
You should never feel like just another name on a list. With Novus, you get a loan officer who truly listens, cares about your goals, and guides you through every step with clarity and support. We blend personal care with smart technology to make your experience easier long after the closing table.
SPECIAL FINANCING · RATE BUYDOWN
What if this home came with
a lower payment to start?
When the seller, Novus Home Mortgage, or both put money toward a temporary buydown, your monthly payment drops for the first 1 year of the loan, then returns to the full payment. The list price stays the same.
TEMPORARY RATE BUYDOWN FAQs
Answers to the most common questions about temporary rate buydowns, including costs, qualification, loan eligibility, refinancing, and seller contributions.
Novus Home Mortgage contributes up to the amount shown above. The seller then negotiates their share on top. It can also be funded by a builder, or by the buyer. The seller’s portion is agreed per property and written into the contract — it is not automatic and not a standing offer on every home.
Sometimes a seller lists slightly higher to fund their share, and sometimes they fund it out of the existing price. Either way the buyer sees the price and the credit in the contract. What a buydown avoids is a public price reduction, which is why sellers often prefer it.
No. Discount points permanently reduce the note rate for the life of the loan. A temporary buydown leaves the note rate alone and subsidizes the payment for the first year or two from an escrow account. Points cost more; a temporary buydown buys a bigger visible drop for less money, but it does not last.
The full note rate, not the reduced year-one rate. That’s the part people get wrong. A temporary buydown lowers what you pay in the early years; it does not increase how much you can borrow. A permanent buydown does lower the qualifying rate.
Funds left in the buydown escrow are generally applied to the payoff, so the unused portion is not lost. The exact treatment is set by the buydown agreement on your specific loan — ask before you assume.
Conventional, FHA and VA all permit temporary buydowns, subject to program rules and occupancy restrictions. Contribution limits differ by program and by how much you put down. We confirm what a specific file allows before anything goes into a contract.
A price cut moves the monthly payment surprisingly little. The same money aimed at the rate moves it a lot more — so the home reaches buyers who were shopping below the price. It also avoids a public reduction and the days-on-market story that follows one.
That’s exactly what this is for. Put in the list price and the contribution you think the seller would consider, and it shows the payment story you can take to them. For the full picture — net proceeds, price-cut comparison, contribution limits — call and we’ll build it on the actual property.
Learn how to Buy Your First Home
Buying a home is a big step — and I’m here to make it easier. I’ll walk you through your options, answer your questions, and help you find the right loan to fit your life and goals.
Our Services
Home Purchase Loans
Refinancing Options
Personalized Consultations
Loan Program Guidance
In Our Community
Our work doesn’t stop at helping families buy homes—we’re committed to strengthening the places we live and work. From sponsoring youth programs to supporting local charities, we’re proud to give back to our community.
Proudly Giving Back
Local Food Drives
Youth Sports Sponsorships
Estimate your mortgage
See estimated monthly payments based on your loan details. Compare scenarios to find what best fits your budget.
Steps to Easy Home Buying with Novus
Buying a home is a major milestone. You deserve a path to homeownership that feels clear and supported at every step. The Novus Path brings together experienced loan officers, innovative technology, and industry-leading knowledge in both traditional and Non-Qualified Mortgage (Non-QM) lending.
Get Pre-Approved
Explore Your Loan Options
Find the Right Home
Apply and Submit Documents
Processing and Underwriting
Closing, Getting Your Keys, And Beyond
Real Stories from Real Owners
Luke was pleasant, knowledgeable and keot great communication with us during the whole proces.
Luke and Nicole were great with communicating and guiding us through the entire process.
Great communication and guidance
Luke and his team were responsive to our questions and offered an incredible turnaround time on our mortgage.
Work was so efficient that it was not even worry about how the paperwork got done. He was explained everything I couldn't. I couldn't say how great him and his staff was that was just made so easy and so transparent to get ever
The team I worked with made the process flawless & stress free. I was very greatfull
Luke and his team were great to work with and made the whole process easy and approachable from beginning to end. Luke was prompt, friendly, and attentive throughout the process!
The whole process was handled with Excellence, keeping us updated all along the way. Electronic form filing made the process easy and fast. Also being we were moving out of state the Electronic file saved us money eithout have to send documents. You will be happy you chose My City Leading.
Luke was amazing throughout the entire process! Can’t say enough of great things about him! Him and his team made the process very simple. This was my second time using him!
Luke was excellent to work with and very knowledgeable! He was able to answer all of our questions and some! Highly recommend!
Luke was and continues to be extremely helpful in the process of buying our first home. Luke is always a phone call or text away anytime my husband or I have any questions. He answers right away and is always quick to give us the answers we need. I would definitely recommend Luke and his team to anyone looking to take out a loan!
It was a pleasure working with Luke and his team for our home buying experience. Great and timely communication, professional and courteous engagement throughout the entire process. We couldn't be happier and would not hesitate to use Luke and his team again!
Very experienced and made the whole mortgage process smooth and straightforward
We had a wonderful experience working with Luke at My City Lending. From start to finish, he was incredibly communicative, responsive, and easy to work with. Luke didn't just look at our numbers and give us a general understanding of what we could afford. He took the time to understand the bigger picture of our finances and helped us think through what would truly be the best decision for our family. We always felt informed and supported throughout the process, and Luke was available to answer questions and explain our options along the way. We would absolutely recommend Luke for anyone looking to buy a house!
Luke and team were awesome to work with and made the process so easy!
Luke was very informative and helpful through the process. Would highly recommend!