Resources

If you’re planning to buy a home, you may be wondering whether your credit score is high enough to qualify for a mortgage. The good news? You don’t necessarily need perfect credit to become a homeowner. While your credit score plays an important role in the mortgage approval process, it’s only one part of your […]

When you’re saving to buy a home, the down payment tends to get most of the attention. But there’s another expense homebuyers should plan for: closing costs. If you’ve been wondering what closing costs are, how much they cost, or what you’re actually paying for, you’re not alone. Understanding mortgage closing costs ahead of time […]

Over the last three years, First Home Mortgage’s First Home Heroes program has helped finance more than 270 homes totaling over $105 million for the people who serve our communities. Through the program, First Home has also waived more than $500,000 in eligible First Home Mortgage fees, helping reduce upfront costs for qualifying educators, first […]

What persistent inflation and recent market volatility could mean for homebuyers A growing economy is usually good news. But when inflation is already running too high, strong economic reports can create a challenge for mortgage rates. That is the situation markets are working through now. The economy continues to grow, consumers are still spending, and […]

Home appraisal reports are getting an update. Fannie Mae and Freddie Mac are transitioning to UAD 3.6, a new appraisal reporting standard designed to create a more standardized, data-driven, and consistent way to report property and market information. While UAD 3.6 may sound technical, the idea behind it is simple: modernize how appraisal information is […]