So you can focus on what matters day to day, we’ve made the mortgage loan process easier. Mungo Homes and Shugart Homes have partnered with Silverton Mortgage, one of the nation’s fastest growing financial companies. Founded in 1998, Silverton Mortgage has grown from a one-person shop to a top residential mortgage lender with a focus on maintaining the entire loan process in-house. When you use Silverton Mortgage to finance your new Mungo home, you may receive up to $3,500 from Mungo Homes toward your closing costs, making your transition to your new home that much smoother.*
Silverton Mortgage is dedicated to giving back to its communities, as illustrated by its motto: Success without sharing is failure. In 2012, Silverton Mortgage President & CEO Josh Moffitt founded The Silverton Foundation, which provides mortgage and rent assistance for families struggling with financial hardship due to their child’s serious illness. A portion of the proceeds from each loan closed by Silverton Mortgage is donated to The Foundation in honor of the new homeowners.
*Closing Cost Contribution only available for borrowers funding through Silverton Mortgage and purchasing a new home from Mungo Homes. Contribution will be limited to the amount of actual closing costs. Contribution may not be available with all loan programs.
Keep your savings account intact with a 0% down payment and an option to pay no monthly mortgage insurance.Learn More
With as little as 3% down, reduced mortgage insurance, and no minimum contribution from the borrower, this option is perfect for first-time homebuyers who may have a relative helping with the down payment.Learn More
A Conventional Purchase is a “traditional” mortgage with as little as 3% down payment, requiring no upfront mortgage insurance fees and cancellable monthly private mortgage insurance. Both Fixed Rate & ARM options are available.Learn More
If your credit score isn't great, an FHA loan may be a great option for you. Primarily for first-time homebuyers, FHA loans allow for as little as 3.5% down and have options available for buyers with credit scores as low as 580.Learn More
Sometimes bigger is better when it comes to your dream home. For those who require higher loan amounts, you can enjoy low payment options and no mortgage insurance with as little as 5% down.Learn More
For those who don't qualify for a "traditional" mortgage, there are flexible financing programs available. The bank statement program allows you to get a loan using only your bank statements and asset depletion allows you to use current assets in lieu of income.Learn More