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
Teresa was incredibly helpful and answered my many questions in a very timely manner and made sure I got the best rate I could!
Teresa is an amazing person. So easy to work with, answered all my questions in a very timely manner, and made me feel so comfortable working with her. Would totally refer her to everyone.
Teresa was vary helpfull answering questions and was always quick to respond any time of day
Teresa was amazing with helping me out with loan and break it down so that I can understand what going on with loan and told me what I need to keep the process going and made so easy and relax when I talk to her about anything. Overall I would recommend her to anyone who looking for home. She break it down so u can understand what u getting into and all the fees too. Thank u so much helping me purchase my first home Thank you again from April Christensen and eric Schmidt
She was very polite and quick to respond to any questions or concerns we had. And helped us understand everything very easily. Definitely would choose her again if I needed help with a loan for a house. Absolutely great experience having her help us.
Teresa answered all the questions I had and went above and beyond to make sure we were taken care of. We greatly appreciate your help in purchasing our home. I would definitely work with teresa again.
Absolutly loved working with Teresa! We went through a few housing in the process of finally find our home and she was always right there to help us understand if we could afford the homes we were looking into or not! She was always avaible for questions and made this process so much more enjoyable by having information in a form that was understandable!
Very helpful and eplained everything in detail
Teresa was always there if I had any questions. She also explained everything through the process of it all. With this being my first home she made it a wonderful experience.
As a first-time homebuyer, I honestly couldn't have asked for a better broker than Teresa Nelson. Buying a home felt like a huge step, and there were so many moving pieces that I didn't fully understand at first. Teresa was there every step of the way, patiently guiding me through the process and making sure I felt confident in every decision I made. What stood out most to me was how incredibly knowledgeable she is when it comes to the financial side of homeownership. Teresa didn't just help me get from point A to point B, she gave me the entire toolbox. She took the time to explain loan options, down payment strategies, monthly costs, equity, and the long-term financial picture of owning a home. Because of her, I gained the knowledge and confidence to build a strong financial future. As someone who values learning and making informed decisions, I truly appreciated how transparent, responsive, and supportive she was throughout the entire journey. She celebrated the exciting moments with me, helped me navigate the stressful ones, and always made me feel like she had my best interests at heart. If you're looking for someone who is smart, attentive, trustworthy, and genuinely cares about her clients, I cannot recommend Teresa enough. This whole experience was 11/10 amazing! ⭐⭐⭐⭐⭐
Great experience with Teresa
Teresa bent over backwards to make sure we got the house we wanted. She was very thorough and made everything so easy to understand.
We had recently decided to move to Wisconsin, but our unique circumstance was sort of unconventional. Teresa worked tirelessly to discover different loan programs to make something work out for our situation. She had made herself available even to handle a late Saturday afternoon offer and putting together paperwork for that. Similarly, because some of the assets we were using had some volatility to them, Teresa was able to help us find other solutions for our use case. Finally, she worked with us on yet another change in plan due to a difference in appraisal vs. selling price. Even though it meant a larger down payment, she was able to work with us through to a solution that would satisfy underwriting AND meet the new purchase terms. So with all the twists and turns in the road, we were able to get to the original closing date, on time, within a reasonable difference of original estimation, and with satisfactory outcome for all parties. Just to help clarify that In ourh special situation, we had been advised by realtors that it would be best to have our current owned home vacant before putting it for sale; renting as an interim solution did not make sense for us. Where I had previously talked with some other loan officers who did not see any other way, Teresa was able to find the loan program that would work for us. Her help was well appreciated and the work that got done seems miraculous. So if you are looking for a home in that area around Rosholt, Iola, Waupaca, check with Teresa on how she can help you make your dream home a reality.
I give Teresa 5 star plus! She helped with our first house and now our second! She is a joy to work with! She is ALWAYS available to questions and provides you detailed answers. She is so personable and takes the time to get to know you and your family. Teresa has gone above and beyond with assisting us with our loans and we can't thank her enough! If there is a way, she will figure it out!! Thank you so much Theresa!
whenever I had a question Teresa answered it fast and efficientl!
Teresa was friendly, attentive and very helpful throughout this process. She was there anytime I had any questions, and always kept me up to date with everything.