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
Estimates were almost dead-on accurate and made budgeting extremely easy. Communication was extremely prompt, although we still would like to know who we pay once the mortgage settles on someone. The Novuss app made paperwork and documentation uploading extremely easy to manage and get through. Everyone we spoke with was professional, personable, and direct. At no point did I feel like anyone was selling me a service or conning me into anything. It was clear numbers, clear fees, and clear expectations. Without Tim I would have thought our budget would have been much much lower. As soon as we start paying bills regularly I'll have a more concrete opinion of everything, but as of writing this, I'd happily use Tim again if we ever moved somewhere new. The process of buying a home was less stressful than buying a car.
Tim has been a great help and very selfless in our home journey, I would suggest him to anyone in search.
Quick response to texts and phone calls. Also appreciated the messages when milestones in the process were met.
Timothy Hoban was truly amazing to work with from start to finish. From day one, he treated our concerns as if they were his own and guided us through every step of the home-buying process. Even after closing, he continued checking in to make sure we were settling in well and were happy with our new home. One piece of advice he gave us early on has stayed with us: “Don’t fall in love with a house—only fall in like until it’s yours.” That simple perspective helped us stay focused, manage our expectations, and made the entire process much less stressful. Tim’s knowledge, honesty, patience, and genuine care made all the difference. He was always available to answer our questions, kept us informed every step of the way, and truly had our best interests at heart. My husband and I couldn’t be happier with our experience. We are incredibly grateful to Tim and his entire team for helping make our dream of homeownership a reality. If we ever refinance or purchase another home, we won’t go anywhere else. Thank you, Tim, for making this journey such a wonderful and memorable experience. We highly recommend you to anyone looking for a knowledgeable and trustworthy.
Tim was great, helped every step of the way!
He is a ROCK STAR!
The entire MyCity team did an excellent job . Very pleased
They were very prompt and providing me with the information I needed to obtain the loan. They were very pleasant to deal with.
Tim and everyone on his team are very compasionate and knowledgable. They are very good at communicating what is happening throughout the process and made things easy for this first time home buyer!!!
Great and easy experience!
This was my 2nd mortgage with Tim. Both were easy and he always goes the extra mile during the loan process.
EXCELLENT!!!!
Very easy to work with, and there's a great team working with him.
Tim and team did great work behind the scenes securing the loan for my family. They provided clear timelines for me along way, which led to a successfull closing.
Tim was available 7 days a week for us !!ready to help us with any questions we had.
I had a great experience with Tim Hoban. He was professional, responsive, and made the entire process smooth and stress-free. Tim went above and beyond to help me every step of the way, and I truly appreciated his guidance and support. Highly recommend!