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
If you’re looking for a loan officer who will go the distance, I can’t recommend Billy Holloway enough. Our loan was far from simple. It was a complicated process with several challenges that took weeks to work through, but Billy never gave up on us. He was patient, knowledgeable, responsive, and always kept us informed every step of the way. His professionalism and dedication made all the difference. No matter what obstacle came up, he stayed calm, found solutions, and saw us through all the way to closing. The level of service we received was truly impeccable, and we are incredibly grateful for everything he did to help make our dream of homeownership a reality. Thank you, Billy, for your commitment, perseverance, and outstanding customer service. You have earned our highest recommendation!
Billy is phenomenal! He's very knowledgeable and he is very prompt with his responses when it comes to important questions. I would recommend him to anyone buying a home.
transparency and you made the process better
Billy did a fantastic job keeping my file moving along.
Billy is very knowledgeable and great person to work with, thank you
Billy is an excellent loan officer who always goes above and beyond. He is extremely knowledgeable, transparent, and genuinely cares about helping his clients. I personally appreciate his work ethic. From the beginning to the end, he guided me through my loan process, kept me posted with all my loan updates, and was available to answer all my questions. Working with him was a stress-free experience!
He worked very hard to get us in our dream home!
Billy provided clear expectations of all steps throughout process.
Thank you for a smooth transaction. It was a pleasure working with you!!
Billy was amazing throughout the whole process! He was very patience. He went above and beyond helping me with the whole process. I could tell he was looking out for me and my family to make sure we got the best rates. He explained everything very clearly.
Billy went above and beyond to help us every step of the way!
Billy is great! Very responsive and helpful!
Billy stayed in communication with us throughout the whole process.
Billy was thorough in addressing any questions or concerns I had, and was genuinely nice. He made the whole process feel more smooth and comfortable than I expected it to be.
Billy’s continued professionalism and proficiency throughout the process. He’s very knowledgeable and helpful. Quick, smooth, and easy process dealing with him.
Billy is just super responsive and overall very helpful.