Nick Russo: Venture President, Towne Mortgage

5.0 star review received on Experience.com for Nick Russo by Daniel B - very polite and was very helpful.

New ★★★★★ 5 Star Experience.com Review by Daniel B Click to see all 660 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

5.0 star review received on Experience.com for Nick Russo by Natalie F - Helping me to find grants and downpayment help

New ★★★★★ 5 Star Experience.com Review by Natalie F Click to see all 659 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

4.5 star review received on Experience.com for Nick Russo by Sheldon G - Ease of communication and consistent updates on status of application.

New ★★★★★ 4.5 Star Experience.com Review by Sheldon G Click to see all 658 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

5.0 star review received on Experience.com for Nick Russo by John W M - Lisa Tischio kept monitoring my file and communicating exactly what else was needed to complete it. The closing went great. I thought that everyone at TM did their best to make sure we got the best value for our home mortgage.

New ★★★★★ 5 Star Experience.com Review by John W M Click to see all 657 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

5.0 star review received on Experience.com for Nick Russo by Jared R H - Nick was fantastic!

New ★★★★★ 5 Star Experience.com Review by Jared R H Click to see all 655 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

5.0 star review received on Experience.com for Nick Russo by Jonathan H - Nick and team were always available for questions or assistance. Offered great advise and provided a personal touch to the service that I have never received from previous lenders! Showed up to our closing to make sure we were all set and taken care of!

New ★★★★★ 5 Star Experience.com Review by Jonathan H Click to see all 655 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

5.0 star review received on Experience.com for Nick Russo by Yulia K - Everything went good, team did their best

New ★★★★★ 5 Star Experience.com Review by Yulia K Click to see all 652 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

5.0 star review received on Experience.com for Nick Russo by Mary C G - Lisa was truly wonderful. There was a bit of a rough spot with Traci going on vacation and our underwriter needing paperwork that we weren’t aware of the day before closing. However Lisa and Nick pulled off a holiday miracle for us and we managed to close on the original date still. Throughout, Lisa was very communicative and prompt with information and replies. She is a gem and I cannot thank her enough.

New ★★★★★ 5 Star Experience.com Review by Mary C G Click to see all 651 reviews of Nick Russo, VP/Mortgage Loan Officer | NMLS # 119202

Today we honor the life and legacy of Dr. Martin Luther King, Jr.

60 years ago, Martin Luther King, Jr. delivered his "I Have a Dream" speech, which shaped the foundation of the civil rights movement and equality in America.

At Towne Mortgage, we believe that equal opportunities for homeownership would not have been possible without the impact made by Dr. King. “The time is always right to do what is right.” - Dr. Martin Luther King, Jr.

🔥 Great news for buyers looking for affordable housing! The FHLB announced they’re increasing grant funds for 2023. Funds are available starting February 21, 2023, and will be provided to qualified buyers on a first-come, first-served basis, so it’s important to start the conversation now. Contact a member of our team today for more information!

➡️ https://townemortgage.us/officers/

Happy New Year!🥳🎉
We wish everyone a happy, healthy and extraordinary 2023!

We wish you a joyful and prosperous Kwanzaa, from our Towne Mortgage Family to yours!

From all of us at Towne Mortgage, we wish you and your family a very Merry Christmas! 🎄

Happy First day of Hanukkah! 🕎

We hope you and your family have a peaceful and joyful holiday season as you celebrate the Festival of Lights.

This year, our team in Norfolk was fortunate enough to support 135 Angels for the Salvation Army of Hampton Roads. It was all hands on deck to load all of the gifts in preparation to be delivered to deserving families! Employees from all departments joined the festivities, including our CEO Will Morrison and President Jim Miller.

We truly thank everyone who supported our efforts this year and helped make a difference in our community!

Exciting News!

The FHA has announced that it will increase its floor and ceiling loan limits by 12.21% in 2023, giving first-time buyers more buying power and flexibility when shopping for homes. If you’ve been thinking about purchasing a home, contact our team to see how much you could afford to borrow. Interested in seeing what the new limits are in your area? Reach out to a loan officer today or comment below!

DID YOU KNOW💡

By making on-time payments and maintaining a good payment history, you can improve your credit. If you are currently paying rent, ask your property management company if they submit payment information to Experian RentBureau. You can enroll through a rent payment service that works with Experian RentBureau if they don’t, or if you rent from an individual landlord. Start letting your rent work for you!

GREAT NEWS! Qualified homebuyers will be able to borrow more money without applying for a Jumbo Loan! The Federal Housing Finance Agency (FHFA) just announced that the maximum conforming loan limits for single-property houses will increase to $726,200 in 2023. That’s a 12.21% increase from the current (FHFA) limit of $647,200.

This amount will be higher in certain high-cost areas. If you have questions on the new loan limit in your area, or what this could mean for your personal situation, reach out to a member of our team today!

Together, all team members from TowneBank Mortgage and our affiliate companies raised over $76,373 in donations to United Way.

As one of our biggest annual charity events, we wanted to recognize all that our team does to give back this . We are thankful for our combined determination to give back as much as possible to those in need in our community.

Happy Thanksgiving!

For our final , we wanted to share one of the most important group that we are thankful for – YOU!

We are grateful for everyone who trusts us as a valuable resource in their mortgage journey. Whether you an employee, a potential client or one of our trusted partners, we are proud to consider you a member of the .

We are thankful for the communities that we serve and enjoy giving back as much as possible. Making a difference in the lives of those who reside in our lending footprint is one of our core values, whether it be through home financing, community service, or fundraising initiatives.

📣 Attention home buyers, sellers and real estate agents! 📣

We are now offering seller paid 3-2-1 temporary buydowns, a loan product that provides borrowers with a reduced interest rate for the first three years of their loan. It is called a 3-2-1 buydown because it reduces the interest rate by 3% on the first year, 2% on the second year, and 1% on the third year. This product is perfect for buyers looking for temporary relief on their mortgage payments, or sellers looking to attract prospective buyers without having to reduce their listing price.

Contact your Local Loan Officer today for more information!

*Available for conventional loans only

🇺🇸Today we honor those who have served. 🇺🇸
Thank you for fighting for our freedom. Thank you for the sacrifices you have made. And while there are not enough thanks to give for your service, we want you to know how honored we are to live in the Land of the Free because of the Brave.

Every this month, we will be highlighting something that we are all thankful for. We are always thankful for our team and everything that they do to provide an excellent experience for our borrowers. They genuinely care, and for that we are so thankful!

Have you ever been told that working in the service industry isn’t a “real” job? It’s not true.

Serving, bartending, cooking, hosting, bouncing, whatever your role is – these are REAL jobs requiring REAL work. Why not put your hard earned money to work for you? Mortgage guidelines regarding tip income have changed in recent years, making it easier for tip-earning workers to get pre-qualified.

If you make tips at your job, our team is readily available to walk you through the mortgage process!

🔗

Serving Up Homeownership Learn more about the mortgage process and how you can improve your home buying experience!

Spring is widely known as the most popular time to go house hunting, but that doesn’t mean it is the only ideal season to purchase a home. Today’s blog outlines some expert insights on why buying a home in the Fall can be beneficial for you and your family.

- https://townemortgage.us/blog/real-estate/fall-into-savings-benefits-of-buying-this-fall/

Happy Labor Day Weekend from Me, Lisa, Nic and Andy! Wishing you a safe and relaxing weekend!

Wishing all the students an exciting return to school this year and all the parents an easy transition.