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
Perfect experience!
I was referred to Jerry by a Realtor I trust, and he did not disappoint! He honored everything promised, ran interference as needed, and kept communication efficient. Our situation was a bit difficult, but Jerry made the process easy and the deal got done. Highly recommend!
Jerry was absolutely amazing to work with. He was quick, motivated, knowledgable and available whenever we had a question or needed explanations on parts of the process. As first time homebuyers we had a lot to learn throughout the home buying process and Jerry was there each step of the way. He is creative in his approaches, which assisted us immensely in this competitive market and worked hard to allow us to close within a month of our offer being accepted. We will DEFINITELY be using services with Jerry again in the future!
Jerry is dedicated, communicative, patient, and collaborative. At the end of the process, you will feel as though you have gained a friend. Thank you, Jerry!
Nothing but excellent things to say about Jerry. Very helpful, was very patient with me during the whole process and very informative. Would reply to all my questions and breakdown everything very well. Would recommend him to any First time home buyers or buyers in general.
Going through the process with Jerry has been extremely easy. He is always eager to answer any questions and always one step ahead of the process. We enjoyed working with him and look forward to future deals.
My wife & I are first time homebuyers & are lucky to have found Jerry during this process. We had a good idea of the loan product we wanted & he took the time to listen, explain our options & answer any questions we had. He is very knowledgeable, easy to talk to & always got back to us quickly. He also got us an interest rate lower than we anticipated w/ very reasonable closing costs. Our experience led us to recommend Jerry to a family member looking to buy soon. Keep up the great work!
Jerry was amazing to work with, he was extremely knowledgeable and personable. He answered every question I had and always made sure I understood each step in the process. Everything was completed so quickly and efficiently! Looking forward to working with Jerry again soon!
I can’t say enough great things about Jerry! From the pre-approval process to the settlement Jerry was an absolute pleasure to work with. He responded quickly to my calls, texts, emails, etc. He even talked to a seller’s agent on a Sunday morning to help close the deal on a house we really wanted! I highly recommend Jerry to anyone buying or refinancing a house.
Working with Jerry was wonderful. He was responsive, answered all questions clearly, and was patient and clear with us through the homebuying process. He explained all aspects of the process step-by-step and was relatable. Working with him felt familiar and was not what I would have expected working with a mortgage lender. I would highly recommend Jerry Buonanno!
I cannot imagine a more steadfast and persistent person than Jerry. He stood by us; never tired of our incessant questions and needs. I could not be more honest in saying that without him we would not have succeeded in getting the loan or the house. What an unusual person! Honest! Unflagging! Loyal! THE BEST!!!!
Jerry has now been my go-to for my initial home purchase and two refi's and I wouldn't want to work with anyone else. As long as he's in business, he has my business.
Used Jerry for a refinance transaction. Jerry was super easy to work with, on top of everything and a great communicator – highly recommend Jerry and bank of England!
Jerry Buonanno is wonderful. He always took the time to answer all of our questions and guide us through the mortgage process. I very highly recommend Jerry Buonanno.
Jerry is/was exceptionally good at what he does. In the beginning he told me what he needed from and i supplied it. Basically from that point it was in his hands a d i would get updates on the process and possible needs. Jerry and his group are very professional but yet very personable. He made you feel like he cared and that i wasnt just another number. I am very glad i was referred to Jerry. I personally would recommend him
Jerry was recommended to me from someone else and he was great. He was on top of the process at every stage, found me a great home insurance agent, took care of everything despite the fact that my mortgage was more complicated than usual. Our first home purchase was terrible and I wasn't looking forward to this process but Jerry made the entire thing so amazing I would definitely recommend him to everyone.