Newtown isn't simply a market where I do business.
It's my home.
I live in Newtown, raised my family here, and operate Capital Funding Mortgage Associates here in the Newtown community.
I've been helping homebuyers and homeowners with mortgage financing since 1999, and there's something particularly rewarding about helping people purchase or refinance homes in the same community my family and I call home.
Capital Funding Mortgage is an independent mortgage broker, which means we aren't limited to the mortgage products and pricing of one bank. We work with multiple wholesale lenders, allowing me to compare available mortgage programs, rates and closing-cost structures for my clients.
But what I think distinguishes us most is simpler:
When you call Capital Funding Mortgage, you're working directly with me.
— John Madden
Owner, Capital Funding Mortgage Associates
Newtown Resident & Mortgage Professional Since 1999
NMLS #960139
I've lived in Newtown and raised my family here.
I know the community not simply as a mortgage professional, but as a resident.
Newtown has a character that is difficult to duplicate—the historic Borough, State Street, established neighborhoods surrounding town, newer communities throughout Newtown Township and convenient access to the rest of Bucks County.
It's a place my family and I chose to call home.
It's also where I chose to build my business.
Capital Funding Mortgage Associates is located here in Newtown and serves homebuyers and homeowners throughout Bucks County, Pennsylvania and New Jersey.
So when someone contacts me about financing a home in Newtown, I'm not trying to understand the community from a computer screen.
It's the community I live in every day.
Newtown offers a wide range of housing.
Depending upon where you're looking, you may be considering:
The financing can vary just as much as the properties.
My job is to understand what you're buying and your financial situation and then help determine which mortgage structure makes sense.
If you're seriously considering purchasing a home in Newtown, I recommend getting properly pre-approved before making an offer.
A pre-approval should be more than a piece of paper.
I want to review:
Income
Employment
Credit
Assets
Down payment
Monthly obligations
Proposed purchase price
Estimated monthly payment
Available mortgage programs
And I want to identify potential financing issues before you're committed to a purchase contract.
I'd rather spend additional time reviewing your financing upfront than discover an avoidable problem after you've agreed to a closing date.
GET PRE-APPROVED →
READ MY MORTGAGE PRE-APPROVAL GUIDE →
Buying your first home can be intimidating, particularly when you're hearing mortgage terminology for the first time.
You may be wondering:
Do I need 20% down?
How much can I afford?
What will my actual monthly payment be?
Should I use conventional or FHA financing?
What is PMI?
How much money will I need at closing?
Should I pay points for a lower rate?
Those are exactly the questions you should be asking.
I don't want to simply tell a first-time buyer:
“You're approved.”
I want you to understand the financing you're taking on.
READ MY FIRST-TIME HOMEBUYER GUIDE →
Conventional financing is appropriate for many Newtown homebuyers.
Depending upon the transaction and borrower qualifications, conventional mortgages can provide:
If multiple structures work, I'll help you compare them rather than automatically putting you into one program.
Higher home values in Newtown and the surrounding Central Bucks area can make jumbo financing particularly relevant for some buyers.
A mortgage that exceeds applicable conforming loan limits may require jumbo financing.
Jumbo lenders can differ substantially in:
This is one area where being an independent mortgage broker can be especially useful.
Instead of being restricted to one bank's jumbo product, I can evaluate available options from multiple wholesale lenders.
LEARN ABOUT JUMBO MORTGAGES →
Newtown and the surrounding Bucks County area are home to many business owners, professionals, consultants and other self-employed borrowers.
Self-employed mortgage qualification can require a more detailed income analysis.
Depending upon your business structure, lenders may review:
One thing I frequently tell self-employed borrowers is:
Don't assume your gross business revenue is the income a mortgage lender will use.
If you're self-employed and thinking about buying a home, let me analyze the income before you establish your price range.
READ MY SELF-EMPLOYED MORTGAGE GUIDE →
I also work with Newtown homeowners who want to determine whether refinancing makes financial sense.
Depending upon market conditions and your existing mortgage, refinancing may potentially help you:
Reduce your interest rate
Lower your monthly payment
Shorten your mortgage term
Move from a 30-year to a 15-year mortgage
Eliminate mortgage insurance
Convert an adjustable-rate mortgage to fixed
Access home equity
Consolidate higher-interest debt
But I don't believe you should refinance simply because I can get you another mortgage.
I want to compare:
Your existing rate
Current balance
Remaining loan term
Proposed rate
Closing costs
Monthly savings
Break-even period
Principal reduction
If the numbers don't justify replacing your existing mortgage, I'll tell you.
LEARN ABOUT REFINANCING →
READ: SHOULD I REFINANCE MY MORTGAGE? →
This has been one of my core beliefs throughout my mortgage career.
A low rate doesn't tell you whether you're getting a good mortgage deal unless you know what you're paying to obtain that rate.
For example, one lender might offer:
A lower rate with substantial discount points
while another might offer:
A slightly higher rate with very low closing costs
and another might provide:
A lender credit toward eligible closing costs
Which is better?
It depends upon the numbers and how long you expect to keep the mortgage.
I'll show you the alternatives.
READ MY GUIDE TO MORTGAGE RATES, POINTS & CLOSING COSTS →
A bank generally offers the mortgage products and pricing available through that institution.
Capital Funding Mortgage is an independent mortgage broker.
We work with multiple wholesale mortgage lenders.
That gives me the ability to compare available:
I don't believe one lender is necessarily the right fit for every borrower.
My job is to help find the financing structure that fits your situation.
I think this matters.
If you're buying a home in Newtown, your mortgage shouldn't feel as though it's being handled by an anonymous call center hundreds or thousands of miles away.
When you work with Capital Funding Mortgage:
You know who is handling your mortgage.
You have my contact information.
If your Realtor needs an updated pre-approval, they can reach me.
If you have a question about your interest rate, you can ask me.
If underwriting raises an issue, I'll help you understand what's needed.
If you have a question about your Closing Disclosure, I'll review it with you.
I'm involved from our first conversation through closing.
There is another reason Newtown clients are particularly important to me.
These aren't simply transactions taking place in a market where I happen to be licensed.
They're taking place in my own community.
My family and I have experienced Newtown as residents—the neighborhoods, businesses, schools, restaurants, community events and everyday life that make people want to live here.
I've raised my family here.
I've built my business here.
And I continue to live here.
When I help someone finance a home in Newtown, there's a good chance I'm helping someone who will become a neighbor or another member of the community my family has been part of for years.
That makes these transactions particularly meaningful to me.
Although people commonly refer to the entire area simply as Newtown, the community includes both Newtown Borough and Newtown Township.
The historic Borough provides the walkable State Street environment many people associate with Newtown, while Newtown Township contains numerous residential neighborhoods and communities surrounding the Borough.
Housing styles, property characteristics, taxes and association expenses can vary from one property to another.
From a mortgage standpoint, I want to evaluate the actual property you're considering, rather than rely solely on the purchase price.
Newtown has numerous condominium and townhouse communities.
Financing a condominium can involve considerations that don't necessarily apply to a detached single-family home.
Depending upon the mortgage program and property, the lender may need to evaluate aspects of the condominium project in addition to the borrower's qualifications.
If you're considering a condo, let me know early in the process so we can determine what information may be needed.
When comparing homes in Newtown, don't look only at purchase price.
I recommend evaluating the complete estimated housing expense:
Principal and interest
Property taxes
Homeowners insurance
Mortgage insurance, if applicable
HOA or condominium fees, if applicable
A lower-priced property with higher taxes or association fees can sometimes produce a monthly payment similar to a more expensive property with lower ongoing expenses.
I'll show you the numbers.
I've been helping borrowers with mortgage financing since 1999.
Over that time I've worked through:
High-rate markets
Low-rate markets
Strong housing markets
Housing downturns
Changing mortgage programs
Changing underwriting requirements
Changing technology
But my approach hasn't changed very much.
Understand what the client is trying to accomplish.
Compare the available options.
Explain the rate and costs.
Identify problems early.
Stay involved through closing.
And make sure the borrower understands the mortgage.
I've created a number of guides based on questions I regularly receive from clients:
FIRST-TIME HOMEBUYER GUIDE →
MORTGAGE PRE-APPROVAL GUIDE →
MORTGAGE LOAN PROCESS →
UNDERSTANDING MORTGAGE RATES, POINTS & CLOSING COSTS →
15-YEAR VS. 30-YEAR MORTGAGE →
UNDERSTANDING PMI →
SELF-EMPLOYED MORTGAGE GUIDE →
SHOULD I REFINANCE? →
These resources are here to help you understand your options before making a mortgage decision.
If you live in Newtown, are considering buying a home here or already own a home in the area and are considering refinancing, I'd be happy to talk with you.
Capital Funding Mortgage Associates is located right here in Newtown, Bucks County, Pennsylvania.
And Newtown isn't simply where I have an office.
It's where I live, where I raised my family and where I've chosen to build my business.
If you'd like to discuss your mortgage options, give me a call.
You don't need to submit an application just to ask me a question.
John Madden
Owner, Capital Funding Mortgage Associates
Newtown Resident
Mortgage Professional Since 1999
NMLS #960139
GET PRE-APPROVED →
REQUEST A MORTGAGE QUOTE →
CONTACT JOHN →
John Madden is the owner of Capital Funding Mortgage Associates, an independent mortgage broker located in Newtown, Bucks County, Pennsylvania. John lives in Newtown, raised his family in the community and has been helping homebuyers and homeowners with mortgage financing since 1999.
