Question 1

What states does Tomo Mortgage operate in?

Accepted Answer

Tomo Mortgage currently operates in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, New Jersey, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.

Question 2

What types of loans does Tomo Mortgage offer?

Accepted Answer

Tomo Mortgage currently offers Conventional, Jumbo, FHA, and VA loans as well as Refinance options. Our loans can be 15- or 30-year fixed rate terms and 5-, 7-, and 10-year ARMs, and they start at a minimum loan value of $75,000. We can do loans for single family houses, townhomes, condos, manufactured homes, and 2-4 unit buildings and for primary residences, second homes, and investment properties. We don’t currently offer loans for mobile homes, construction-only, or co-ops.

Question 3

Does Tomo Mortgage offer mortgage refinancing?

Accepted Answer

Yes. Tomo Mortgage offers refinance loans in 41 states and D.C. There are two types: a rate-and-term refinance, which lowers your rate, shortens your loan term, or removes PMI; and a cash-out refinance, which lets you access up to 80% of your home's value as cash. Both come with $0 lender fees and close in as little as 12 days, compared to a 30-45 day industry average. Minimum credit score is 620. Learn more about refinancing with Tomo Mortgage.

Question 4

What kinds of customers can Tomo Mortgage support?

Accepted Answer

Lots of kinds. We support all customers with a credit score above 580.  Great singing voice is always a bonus.

If you don’t have a Social Security Number, give us a call at (737) 510-2523.

Question 5

What is Tomo Mortgage's minimum down payment?

Accepted Answer

Our minimum down payment varies by loan type (e.g., conventional, FHA, VA), property type (e.g., single family), planned property use (e.g., primary residence, vacation home), and credit score. Check around, and you’ll see that it’s really low. For example, our VA loans start at 0% down payment, our conventional loans start at 3% down payment, and our FHA loans start at 3.5% down payment.

Question 6

How can I get in touch with Tomo Mortgage?

Accepted Answer

Text, email, or call us any day of the week (hello@tomomortgage.com, 737-510-2523). Our weekday hours are from 8AM-9PM ET, weekends from 9AM-6PM ET. We are closed on New Year’s Day, Martin Luther King Jr Day, Memorial Day, Juneteenth, Independence Day, Labor Day, Veteran’s Day, Thanksgiving Day, and Christmas Day. If you need us on Halloween, we’ll be there, likely wearing a costume. We are literally standing by all the time during business hours, waiting to get you the help you need. No phone trees, no voice mail boxes, just direct access to experts. You’ll never hear an IVR when you call us.

Low Rates, No Gotchas

Tomo Mortgage makes buying a home easy, honest, and way less expensive

Why more people are switching to Tomo Mortgage

Lower rates

Zero lender fees on purchase and refi mortgages

No rate-keeping

Lower rates

Zero lender fees on purchase and refi mortgages

No rate-keeping

Numbers that speak for themselves

Adjust your application anytime, day or night.

How much house can I afford?

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