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Towne Talk All CategoriesHome & LifestyleHelpful tips to enhance your home and improve your lifestyle.CareersLearn more about career options and benefits available to you at TowneBank Mortgage.MortgageHelpful tips and information on credit, inter...

What Are Renovation Loans? Page

A renovation loan is a type of financing that helps pay for home repairs, upgrades, or additions. Instead of covering only the purchase price, it can include the cost of improvements like a new roof, kitchen remodel, or energy-efficient windows. For ...

What is an Assumable Mortgage? Article

What Is an Assumable Mortgage?An assumable mortgage is a type of home loan that allows a buyer to take over the existing mortgage from the seller. This means that the buyer essentially steps into the shoes of the seller and assumes responsibility for...

Cash-out Refinance Page

Looking to make some needed home improvements, add a pool in the backyard, pay for tuition, or take that out-of-country dream trip?Depending on your current situation, accessing money from your home's equity in a cash-out refinance could be a val...

Unlock Homeownership Dreams: Bank Statement Loans for the Self-Employed Article

Do you dream of owning a home, but your income fluctuates, or tax deductions leave your tax returns unrepresentative of your true earning power? If you're self-employed, this can be a major hurdle in the traditional mortgage process. However, we ...

9 Ways to Save for a Down Payment Article

For many, saving enough for a down payment is the hardest obstacle to overcome while trying to achieve the dream of homeownership. But with a few clever tricks and some dedication, you’ll be on the path towards homeownership.If you’re aim...

DID YOU KNOW - A 20% Down Payment is Not Required to Buy a Home Article

Coming up with enough cash for a down payment is one of the most common struggles among first-time buyers. However, in most cases, you don’t need to put 20% down on a home – especially your first home! So how much do you need to put down?...

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Address: 3 Commercial Place, Suite 1200, Norfolk, VA 23510Telephone:(888) 637-1321 TowneBank Mortgage is committed to providing excellent member service to all people regardless of ability. We want members and visitors to navigate, use, and interac...

From Application to Keys: Your Speedy Mortgage Timeline Explained Article

Dreaming of your new home? While the excitement of finding "the one" is immense, the next big step – securing your mortgage – can feel a bit daunting. One of the most common questions we hear is: "How long does it really ta...

Should You Buy a Home Now or Wait Until Spring? Article

A Strategic Look at the Housing Market and Mortgage Rates As we move into the final stretch of 2025, many prospective homebuyers are asking the same question: Is now the right time to buy, or should I wait until spring? With mortgage rates showi...

Location vs. Dream Home: Finding the Perfect Balance for Your Budget Article

The search for the perfect home is an exciting journey filled with dreams of spacious kitchens, cozy living rooms, and backyard oasis. However, the reality is that budget constraints often force buyers to make tough choices- especially in today&rsquo...

Why Did My Mortgage Payment Go Up? Article

Understanding Changes in Your Monthly Mortgage Payment It can be surprising and frustrating when your monthly mortgage payment suddenly increases. There are a few common reasons for this, and understanding them can help you plan your finances accord...

Chris Busching Contact

National Renovation Manager

VA Loan Myths: Fact vs Fiction Article

The VA Home Loan helps military families achieve the dream of homeownership and is considered one of the strongest VA benefits available. Unfortunately, there are a lot of rumors or misconceptions that may be stopping military members and their famil...

Matt Hanson Contact

Mortgage Loan Consultant

Jump Start - 100% FHA Financing Article

Are you considering buying a home but need a JUMP START? We now offer 100% FHA financing for eligible homebuyers – meaning you could put ZERO down with an FHA loan.  The best part? You DO NOT have to be a first-time homebuyer or...

What is an Amortization Schedule? Understanding Its Importance in Mortgages Article

What is an Amortization Schedule? Understanding Its Importance in MortgagesFor anyone embarking on the journey of homeownership, understanding the intricacies of a mortgage is paramount. Among the crucial documents and concepts you'll encounter, ...

The 5 C's of Credit Article

Have you ever heard of the 5 C’s of credit? They are Character, Capacity, Capital, Collateral and Conditions.  Your lender uses these to help determine your creditworthiness when applying for a loan, and assess the level of risk associate...

New Change to Mortgage Fee Structure Article

The Loan Level Price Adjustment (LLPA) fee structure has been updated recently and is now in effect for all loans purchases on or after May 1, 2023. You may have heard about it in the news. What is a Loan Level Price Adjustment?  According...