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.
EXPLORE OUR NON-QM LOAN PROGRAMS
Traditional mortgage guidelines do not fit every borrower. At Novus Home Mortgage, we offer flexible Non-QM loan options for self-employed borrowers, independent contractors, real estate investors, and individuals with substantial assets.
Whatever your goals may be, we are here to help you explore a financing solution designed around your unique financial picture.
Investing in rental property? A Debt Service Coverage Ratio loan may allow you to qualify based primarily on the property’s rental income rather than traditional personal income documentation.
This option may be ideal for:
• Real estate investors purchasing or refinancing a rental property
• Borrowers building or expanding an investment portfolio
• Investors with complex personal income
• Eligible short-term and long-term rental properties
Every investment is different. Let’s explore financing that supports your strategy.
Are you self-employed and finding that traditional tax documents do not fully reflect your income? A bank statement loan may use eligible personal or business bank statements to determine qualifying income.
This option may be ideal for:
• Business owners
• Entrepreneurs
• Freelancers and independent contractors
• Borrowers with variable or seasonal income
• Self-employed individuals with consistent bank deposits
Your business tells a bigger story than a tax return alone. Let’s find the right option for you.
Earn your income as an independent contractor? A 1099 loan may allow eligible borrowers to qualify using documented 1099 earnings instead of traditional W-2 income documentation.
This option may be ideal for:
• Independent contractors
• Consultants
• Freelancers
• Gig economy professionals
• Borrowers with a consistent history of 1099 income
Your career may be unconventional, but your path to home financing does not have to be complicated. Let’s review your options.
Have substantial assets but limited traditional monthly income? An asset utilization loan may convert a portion of eligible assets into calculated qualifying income.
Eligible assets may include:
• Checking and savings accounts
• Investment accounts
• Retirement accounts
• Other qualifying liquid assets
This option may be a fit for retirees, investors, or borrowers whose assets provide a stronger financial picture than their monthly income. Let’s explore how your assets may help support your home financing 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
The best group to work with!
Kind, compassionate, knowledgable people determined to get you in your forever home.