About Us About Us

Inspired by our hometown roots, we’re committed to providing our borrowers with a personalized mortgage experience. From pre-qualification to the closing table, our loan officers are dedicated to ensuring that you’re comfortable and confi...

FHA Loan Product

As little as 3.5% down paymentLess than perfect credit can applyGuaranteed by the Federal Housing AuthoritySeller can pay borrower closing costsFixed rate and ARM (Adjustable Rate Mortgage) options. Payment may increase after consummation.

Tasting Wine & Loan Design Article

Tasting Wine & Loan DesignA good wine has a smooth finish just like closing your loan with a local lender. Other similarities? Taste in wine is unique to each individual, just like your loan. No two customers are the same, just like no two vintag...

Purchase A New Home Page

As your local mortgage professionals, we're here to provide you with a simple, stress-free mortgage experience. Whether you're buying your very first home, purchasing a second home, or adding to your investment portfolio, allow us to show you...

Home Buying Process Page

Buying your first home can be overwhelming. But when you have the right resources professionals by your side, buying a home is a milestone to celebrate rather than a hassle. Follow this guide to get started on the path to homeownership:

Digital Use Practices Page

TowneBank is committed to protecting the privacy of its members. Our members’ security is our priority, and we take every measure to safeguard your information. It is TowneBank’s practice to inform its members of the information we collec...

VA Loan Loan Product

Available to active and retired militaryUp to 100% financing availableNo private mortgage insuranceReasonable credit qualificationsNo early payoff penalties

Loan Process Dos and Don'ts Page

DOContinue making mortgage or rent paymentsStay current on all existing accountsContinue working at current employerKeep the same insurance companyContinue living at current residenceContinue to use credit as normalCall your loan officer if you have ...

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

USDA Loan Product

Up to 100% financing availableFor moderate-income familiesFlexible credit guidelinesSeller can pay borrower closing costs

Jumbo Loan Product

Loan amounts exceeding the conventional limitsPrivate mortgage insurance not always requiredAs little as 10% downFinancing available for primary and secondary residences

Refinance Process Page

Step 1: Identify objectives – What would you like to achieve from refinancing your home? Lowering your current interest rate or gaining additional cash for home renovations, investments or life events could all be reasons to refinance.Step...

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...

Reverse Mortgage Loan Product

A reverse mortgage will not affect social security or Medicare benefitsReverse mortgage proceeds are not subject to federal income taxes*Reverse mortgage recipients keep ownership of their homeA reverse mortgage may be subject to credit or income qua...

Your Ultimate Guide to Mortgage Terms Article

Your Ultimate Guide to Mortgage TermsAre you thinking about buying a home? We understand that when it comes to the mortgage process education is key. We work hard to provide each of our clients the knowledge and education they need to help guide them...

Graduating with a 5 Year Plan Article

Graduating with a 5 Year PlanAre you a college graduate living with your parents still? You’re not alone. But it’s nothing to be ashamed about—moving back home can be a great opportunity to find a job and start saving up money ...

Application Checklist Page

Now is the time to purchase your dream home, and start investing in your future. Use this checklist to help you keep track of the documents you will need throughout the mortgage process!Valid Driver's License or Military IDAddresses for rental or...

Partners Page

Website Accessibility Page

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...

Rent vs. Own Page

It's important to understand the benefits of owning your home. Purchasing your home can be a big commitment, but it comes with many rewards. Read more about the benefits that come with homeownership:• Never worry about an expiring lease or r...