A fixed-rate mortgage, is a fully amortizing mortgage loan where the interest rate on the note remains the same. Call Us Today to get started! The first step in the process is to get pre-qualified, and with our EASY Mortgage Application you can do just that. While rates are down, let Downs Financial locate the best possible mortgage rates and home loan opportunities for you.
Since 1997, Downs Financial -- a leading mortgage company -- has built an outstanding reputation by helping everyone from first-time homebuyers to seasoned homeowners receive the best financing options at the lowest available mortgage rates. We are a nationwide mortgage company, giving customers all across the country access to ideal mortgage options.
Since 1997, Downs Financial -- a leading mortgage company -- has built an outstanding reputation by helping everyone from first-time homebuyers to seasoned homeowners receive the best financing options at the lowest available mortgage rates. We are a nationwide mortgage company, giving customers all across the country access to ideal mortgage options.
Services
Cash-Out Refinances may allow a borrower with sufficient equity in their property to refinance their mortgage for more than is currently owed and pocket the difference. A decrease in the length of a mortgage term (say from a 30 year fixed rate to a 15 year) may increase the monthly P&I payment, but the loan may be paid off sooner.
An FHA loan is a solution for buyers that might not otherwise qualify for a conventional mortgage. An FHA loan is a mortgage that allows for a purchase of a primary residence with a low down payment and is insured by the Federal Housing Administration. FHA loans help families become homeowners by lowering the cost of financing and the down payment barrier to buying.
At Downs Financial, Inc. we're honored to have the opportunity to serve veterans with their home financing needs by providing VA Loans. The Veteran's Administration (VA) allows the borrower to finance up to 100% of the purchase price (if the value is supported) of their primary home and allows the seller to pay up to 4% seller concessions.
The program was created by the Federal Housing Administration (FHA) specifically to help homeowners, aged 62 years and older. A HECM can provide seniors the means to enjoy home ownership through retirement. It may help reduce financial stress by using the equity from the home to eliminate monthly mortgage payments.
Jumbo loans are any single loan amount over the conforming loan limits throughout most of the United States. When Fannie Mae and Freddie Mac limits do not cover the full loan amount on high valued homes, the loan is referred to as a Jumbo Mortgage. A Jumbo loan is designed for buyers who are purchasing or refinancing a home that is priced higher than the conforming loan limit set by Fannie Mae and Freddie Mac.
Reviews (9)
Darlene Illig
Sep 07, 2021
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Tillman T. Turley
Jun 16, 2021
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We have used Shawn at Downs Financial several times in our mortgage and refinancing needs over the last decade. Why do we keep coming back? Its no Nonsense, no dragging their feet, no re-asking for information they've already asked for. You all know what I mean. We've all been there. When we moved into our current home 8 years ago Shawn had us… closed in under three weeks from start to finish. I know that there are exceptions to that experience. But that is our experience with Shawn. If anyone can make buying a house or refinancing painless? Downs Financial is the place....
Theresa Downs
May 12, 2021
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Suzanne Irons
Jul 14, 2020
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Eight years ago, I was lucky to find Downs Financial Inc., which made the purchase of my home an easy process. Since then, I refinanced and sold that house, and bought another home and refinanced it- all four loans were with the help of Downs Financial. The customer service is excellent - there is someone to talk to! When I did leave a message, someone got back to me in a timely matter. I highly recommend them!
Teresa Nichols
May 27, 2020
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Jo Ann Mayhew
Feb 29, 2020
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Shiloh, is absolutely the Best! I had spoken with several other lenders last year to refinance my loan to remove my Mom and add my Husband. But with some credit issues, I got the same answer, “No…we can’t help you”. I received a LinkedIn connect request from Shiloe. I get tons of them from lenders since I work in Real Estate. I took a shot at… telling Shiloe my situation and she went the extra mile to get us into a loan solution, use equity to pay debt and then a year later refi into a VA Loan at THE BEST RATE EVER, get cash equity out for projects and lower our
Lynn Gibson Pauwels
Sep 11, 2019
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Nick Shovlin
Jan 29, 2019
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Diana McKoski
Oct 25, 2018
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