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Loan Origination Blog Posts

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$1,500 Closing Cost Assistance in Rhode Island and Florida

Looking to buy a home in Rhode Island or Florida?  This assistance may be perfect for you!  Rhode Island Housing and Florida Housing are both offering $1,500 in closing costs to qualified borrowers.  Rhode Island Housing is the state’s housing finance agency that ensures those who live or work in Rhode Island can secure a healthy,… Read More

Project Reinvest in Baltimore City

The Neighborhood Housing Services of Baltimore and the Maryland Mortgage Program are partnering to promote Project Reinvest in Baltimore City.  They are offering additional down payment assistance of $10,500 for eligible purchases in Baltimore City. The NHS help people find a place they can call home in Baltimore by gathering resources, simplifying information, researching money-saving incentives… Read More

First Home Mortgage Corporation is back at it again!

The Scotsman Guide has released its 5th annual Top Mortgage Lenders of 2016.  First Home Mortgage has been ranked 43rd in Top Overall Volume and 25th in Top Retail Volume in the nation. Scotsman Guide, the leading resource for Mortgage Originators, will release their list of the country’s Top Mortgage Lending Companies in their June… Read More

The Scotsman Guide Top Originators of 2016

The Scotsman Guide is one of the leading resources for Mortgage Originators.  Every year for the past eight years, the Scotsman Guide calculates the highest producing Loan Originators for each calendar year.  To be included in the Scotsman Guide Top Originators of 2016, Loan Originators must have had at least $40 Million in loan volume or… Read More

Mortgage Executive Magazine- Top Originators from First Home Mortgage Corporation

A BIG CONGRATULATIONS goes to First Home Mortgage Corporation’s top-producing Loan Officers of 2016.  These 50 individuals are among the top 1% Mortgage Originators of America, according to Mortgage Executive Magazine.  To qualify for this achievement, each Loan Officer was required to produce a minimum of $30 Million in 2016.  First Home Mortgage Corporation is proud to announce… Read More

FHA Reduces Mortgage Insurance Premiums UPDATE

*Update 1/22/17: The Trump administration suspended the pending rate cut to FHA mortgage insurance indefinitely. The National Association of Realtors have requested that the premium cut be reinstated in order to help up to 40,000 new homebuyers in 2017. Presently, it is unclear whether this suspension will be repealed.* Original post: On Monday, the Federal Housing Administration announced it… Read More

2016 Tax Deductions for Homeowners

Purchased or refinanced a home in 2016? Find out the tax benefits available to you as a homeowner. For most people, the annual task of completing income taxes is about as exciting as a visit to the dentist’s office. BUT…homeownership typically means increased tax deductions, which are generally considered to be a good thing. Use… Read More

FHFA Increases Loan Limits for 2017

Last week, the Federal Housing Finance Agency (FHFA) announced loan limits would increase for the first time since 2006. For over 10 years, the maximum loan limit for single family homes has been $417,000 in most counties across the country. In 2017, the loan limit will rise to $424,100, an increase of 1.7%. Why did… Read More

9 Ways to Avoid Mortgage Sabotage

Homebuyers are often not aware of how an innocent transaction such as making a credit card purchase or moving cash from one bank to another can jeopardize the mortgage pre-qualification process. Please be aware of the common areas that need special attention: Review your credit report: The best way to get a jump start on… Read More

Which mortgage is right for you?

As a home buyer, you may have more options than you realize to finance your investment. Figuring out which loan suits your needs requires research. Your Loan Officer will assess your situation and walk you through all of your choices. However, it never hurts to have a head start by knowing the basic categories of… Read More