Business Details
44 Years
experience
Your Trusted Mortgage Partner in Troy, MI
Founded in 1982, our company has dedicated over four decades to transforming the mortgage industry through personalized solutions. As a locally rooted lender, we prioritize underserved communities and maintain an in-house process that educates borrowers at every stage. Our commitment extends beyond transactions to meaningful community engagement, including neighborhood revitalization programs and partnerships with non-profits like KAJ Foundation and Nourish USA.With a consultation-driven approach, we service most loans we originate, ensuring lifelong relationships that transcend typical lender-borrower dynamics. Our dual brand structure (Towne Mortgage and AmeriCU Mortgage) allows tailored financial strategies while maintaining rigorous compliance standards through 35+ state licenses. This combination of institutional expertise and community focus positions us as trusted advisors in residential financing.
Services
Conventional Loans
FHA Loans
VA Loans
USDA Loans
Renovation Loans
Refinance Options
First-Time Homebuyer Programs
Investment Property Loans
Extended Rate Lock
Cash-Out Refinance
Details
- Year established: 1982
Highlights and features
- We offer 40+ years of mortgage industry expertise
- Our local lender approach prioritizes community needs
- We provide tailored solutions for unique financial situations
- Our in-house servicing ensures lifelong client relationships
- We maintain 35+ state licensing certifications
Associations and certifications
- NMLS
What people say
Knowledgeable loan officers
Smooth closing process
Competitive rates
Responsive communication
Community involvement
Services
Conventional Loans
Our conventional loan programs offer low down payment options starting at 3% with flexible terms up to 30 years. Qualified borrowers can avoid private mortgage insurance with 20% equity while investment property financing requires 15% down. These non-government backed loans conform to FHFA loan limits and provide competitive rates for primary residences, second homes, and income properties.
FHA Loans
FHA-insured mortgages enable low-to-moderate income borrowers to purchase homes with 3.5% down payments and flexible credit requirements. Sellers may contribute up to 6% toward closing costs while our FHA 203(k) program finances both purchase and renovation costs. These loans feature competitive rates and are ideal for first-time homebuyers with limited savings.
VA Loans
Department of Veterans Affairs loans provide zero-down payment options for eligible military personnel, veterans, and surviving spouses. These programs feature competitive interest rates, no mortgage insurance requirements, and lenient credit standards. Our VA IRRRL program allows streamlined refinancing of existing VA loans with minimal documentation.
USDA Loans
USDA Rural Development loans offer no-down payment financing for homes in eligible rural areas. These fixed-rate mortgages include low mortgage insurance premiums and flexible credit guidelines. Our USDA Streamline and Streamline Assist programs enable qualified borrowers to reduce monthly payments with simplified refinancing options.
Refinance Options
We offer multiple refinance solutions including rate/term adjustments, cash-out options, and loan program conversions. Our extended rate lock program protects against rate increases during construction periods while streamline refinancing options reduce documentation requirements for existing FHA, VA, and USDA loans.
People
Mark Janssen
Chief Executive Officer
With 40+ years in mortgage leadership roles, Mark has served as CEO of multiple national lenders. He holds Michigan's inaugural Mortgage Industry Advisory Board appointment and founded two charitable organizations supporting breast cancer patients and South African communities.
Kim Alexander
Chief Operations Officer
A 23-year mortgage veteran with Towne, Kim holds Certified Mortgage Banker and Residential Originator designations. She previously led Michigan Mortgage Lenders Association and has completed advanced mortgage banking courses from the Mortgage Bankers Association.
Thomas Marshall
Chief Financial Officer
With 30+ years in mortgage finance, Tom is a CPA who has held senior financial roles at Ernst & Young and major banking institutions. He holds MBA and accounting degrees from Wayne State University and University of Michigan-Dearborn.
Dana Peznowski
General Counsel
A licensed attorney in three states with compliance expertise, Dana holds Certified Regulatory Compliance Manager designation. She previously served as Compliance Partner Lead at Flagstar Bank and graduated from University of Detroit Mercy Law School.
Phillip Kukafka
Capital Markets Officer
A CPA with Wall Street experience, Phillip managed $150B+ in mortgage loans at Deutsche Bank. He helped take MortgageIT public and brings expertise in securitization, risk management, and capital markets strategy to Towne's executive team.
Questions
What mortgage programs do you offer?
We provide conventional, FHA, VA, USDA, and renovation loans, including specialized programs for first-time homebuyers, veterans, and rural property purchases.
Can I refinance my existing mortgage?
Yes, we offer rate/term refinancing, cash-out options, and streamline programs for existing FHA, VA, and USDA loans with reduced documentation requirements.
What are your down payment requirements?
Down payments start at 3% for conventional loans, 3.5% for FHA, and 0% for VA/USDA programs. Investment properties require 15% down with conventional financing.
Do you service the loans you originate?
Yes, we service most loans we originate, maintaining direct relationships with borrowers throughout the loan lifecycle.
Are you licensed in my state?
We hold licenses in 35+ states including AZ, CA, GA, IL, MA, NJ, and RI. Check our NMLS profile for complete licensing information.
How does your consultation process work?
Our loan experts conduct personalized financial assessments to recommend suitable programs, guide pre-approval, and help organize required documentation.