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Novus Home Mortgage

Our loans

As an equal opportunity lender, we offer the widest possible range of mortgage loans available to ensure you can find the perfect loan for your needs.

Not sure which loan is right for you? Find an expert near you to help you out.

Conventional loans are for buyers with good credit, good savings, and the ability to pay a larger down payment. Conventional loans are also good options for buying investment property. We offer the following conventional loan programs:

  • Direct Freddie Mac
  • Direct Fannie Mae
  • Fannie DU Refinance Plus
  • Freddie Open Access
  • Fannie Homestyle
  • Fannie Mae HomeReady
  • Freddie Your Path

Pros

  • Easy approval process
  • Only 1 year of tax documents required
  • Choice of single or monthly mortgage insurance payments or lender paid insurance
  • Good for most condo purchases
  • Mortgage insurance can be removed after reaching 20% equity

Cons

  • Higher down payment required
  • Harder to qualify with low credit score
  • Longer waiting periods after a bankruptcy, loan modification, short sale or foreclosure
  • FICO score and loan amount can affect mortgage insurance and rate

Ready to find out more? Drop us a note or find a mortgage consultant in your area.