Towne Mortgage Company

Towne Mortgage Company

2170 East Big Beaver Road, Troy, MI 48083

https://www.townemortgage.com/

Internal Reviews

(1 review)

Total loans closed with Loan Factory
18,482

Total loans closed with Loan Factory (past 12 months)
14,960

Lender overview

Basic information

Conventional
Home One
HomeReady
Home Possible
Home Style (Renovation)
FHA
FHA Streamline
FHA 203 (k)
VA
VA IRRRL
USDA
Jumbo

Towne Mortgage Company ISAOA, ATIMA PO Box 7063 Troy, MI 48007-7063

Mortgagee Clause: HOI, Flood, CPL & Title Towne Mortgage Company ISAOA, ATIMA P.O. Box 7063 Troy, MI 48007-7063 Attn: Insurance Dept.

Lock policies & Fees

Lock Policies

1 Day Extension = 2bps
7 Day Extension= 12.5bps
15 Day Extension = 25bps
30 Day Extension = 50bps

ET by emailing secondary@Townemortgage.com or calling
(248) 247-1800, Ext. 1407.

Expired/Denied/Cancelled/Withdrawn (“expired”) loan less than 30 days Re
Lock:(After 30 days loan is considered a new lock)
When a rate lock expires, Towne will re-price the loan based on the WORST CASE of the
following:
- Pricing from original lock date, less retroactively accrued extension fees; or
- Pricing from the current day, using the same lock day period as the original.

No

Lender's niche & Overlays

  • Government Loans – FHA, VA, USDA
  • Conventional Loans – Fixed & ARMs
  • Renovation Loans – FHA 203(k) & more
  • Manufactured & Modular Home Loans
  • Community Lending – Affordable housing programs
  • Wholesale & Correspondent Lending – Broker partnerships


  • N/A

    Lender turn time

    2

    2

    2

    Review - Towne Mortgage Company

    5.0

    1 Google Reviews

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