Refinance Loan Product

Lower your interest rate for reduced monthly paymentsPut the equity in your home toward good useRemove costly Private Mortgage InsuranceShorten your loan term for faster payoffFund home renovationsConvert an adjustable-rate-mortgage to a fixed-rate m...

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What Are Closing Costs and Why Do You Pay Them? Article

Most first-time buyers walk into the mortgage process knowing that they’ll be making a downpayment on their home purchase. But if you’re buying or refinancing a house, you need to be prepared to pay “closing costs” as well. &n...

Home Down Payment Requirements: How Much Do You Really Need? Article

Most buyers don’t need 20% down. Depending on your loan type and finances, your down payment can be as low as 0–3.5%. Some government-backed programs, like VA and USDA loans, allow qualified borrowers to put nothing down, while FHA loans ...

Congratulations to our 2022 Scotsman Guide Top Originators Article

For the last 12 years, Scotsman Guide has ranked thousands of the nation's top-producing residential mortgage originators. This list has become a national benchmark for the mortgage industry. We are proud to announce that the following Towne Loan...

CASH HOME PURCHASE? Get money back through Delayed Financing! Article

Did you recently purchase a home with CASH? Here’s how you can put some money back into your pocket! Delayed financing allows you to quickly access equity in your home and receive a large portion of your cash back. Here’s how it work...

Build Loan Product

Available for primary or secondary residencesJumbo financing availableInterest Only options available during constructionAs little as 5% down on primary residencesFlexible contractor options

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 ...

Tips to Buying a Home While Going Through a Divorce Article

Whether you’ve been through a separation or divorce or know someone that has, it is very tough emotionally, and the last thing anyone needs to worry about is more problems with living arrangements and financing. Yet this is a common cause for c...

How to Find the Right Experts for Your Home Buying Journey Article

Buying a home is exciting—but it’s also complex. From financing to inspections, there are many moving parts, and having the right team of professionals can make all the difference. Each professional plays a unique role in guiding you thro...

Unlock Big Savings in Your First Year of Homeownership with KickSTART Article

What if you could significantly reduce your mortgage payments during your first year of homeownership? Discover how our KickSTART program makes it possible.Here's the simple, powerful idea: With the KickSTART 1-0 lender paid buydown program, your...

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RW 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 RW Towne Mortgage.MortgageHelpful tips and information on credit...

15 versus a 30 year mortgage Article

When it comes to purchasing a home, most American’s opt for a 30-year mortgage, citing it as the more “affordable” loan. While the 30-year loan term might be the right fit for many Americans, the 15-year mortgage is a great option t...

What Determines your Mortgage Interest Rate? Article

What Determines your Mortgage Interest Rate?You might have noticed that interest rates have been advertised as “historically low” lately, and that you should secure your rate before they go up.  But what exactly causes interest rates t...

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Reasons to Become a Homeowner Article

Is homeownership the right move for you? Many people ask themselves this question, weighing the pros and cons of renting versus owning. While there are many factors to consider, the benefits of homeownership can be substantial. From long-term financi...

Homeownership Goals for the Back-to-School Season Article

August is a smart time to focus on homeownership because it aligns with the back-to-school reset and offers motivated sellers, clearer timelines, and time to settle before year-end. If you’re buying soon or planning ahead, this month is ideal f...

How Economic Trends Affect Mortgages Article

Are you a potential homebuyer or homeowner wondering how today’s economic conditions are impacting mortgage rates? From inflation and employment shifts to Federal Reserve policy decisions, economic trends can influence the cost of borrowing and...

Homebuyer Grants: What They Are and How to Qualify Article

For many aspiring homeowners, the biggest hurdle isn’t finding the perfect house—it’s affording it. Between down payments, closing costs, and other upfront expenses, the dream of homeownership can feel just out of reach. But what if...

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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 interact ...