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Expert advice, market updates, home tips.…it’s all right here! Check back often.

Home Loan Milestones
Home Loan Milestones

Buying a home may seem like a daunting process but being prepared can ease your mind. It is important to understand what to expect when preparing to buy a home, and what to expect during the home buying process. Below we’ve provided a short outline of the five main milestones of the home buying process. […]

October 09, 2020
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A Q&A with Our Loan Officers on How COVID-19 is Impacting the Mortgage Industry
A Q&A with Our Loan Officers on How COVID-19 is Impacting the Mortgage Industry

Now more than ever, we are living in uncertain and challenging times. COVID-19 has changed the way we live, work and play. To get a better understanding of how this pandemic has affected the mortgage industry, we interviewed a few of our Loan Officers from different regions including Heather Devoto from McLean, VA, Anne Borghesani […]

July 29, 2020
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Mortgage Calculators
Mortgage Calculators

Here at First Home Mortgage we strive to deliver excellent customer service from the start. We provide tools and resources to better prepare you for purchasing or refinancing your home. Whether you’re buying a home for the first time, you’ve purchased before, or you are refinancing, you will have questions and concerns. “What will my […]

May 15, 2020
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FHA Revises Condominium Requirements
FHA Revises Condominium Requirements

After a long-awaited update, the FHA is finally issuing a change to condominium guidelines. It was announced Wednesday that spot approvals are back, and steps are being taken in order to loosen eligibility requirements. With these revised guidelines, FHA is expecting the update to qualify an additional 20,000-60,000 condo units per year. Changes that will […]

August 14, 2019
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5 Things to Consider When Buying an Investment Property
5 Things to Consider When Buying an Investment Property

Buying real estate can be a great investment; whether you want to purchase a primary residence, flip a property and sell it, or rent it out to make a profit. If you have chosen the latter option, here are a few things to take into consideration. Down Payment: Be ready to put down a larger […]

May 16, 2019
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What’s the Best Home Loan Option for Me?
What’s the Best Home Loan Option for Me?

As a homebuyer, your mortgage is specific to your situation and lifestyle. There are many different factors to consider when thinking about which home loan option is best for you. While one buyer may be comfortable paying a 20% down payment, another buyer may need down payment assistance. How long you plan on living in […]

April 26, 2019
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What Causes Home Prices to Fluctuate?
What Causes Home Prices to Fluctuate?

The median sales price of a house in the United States is currently between $188,900- $279,500. There is such a large price range because many different factors can play into a home’s sales price. If you are looking to buy or sell soon, keep the following factors in mind when determining costs. The price of […]

April 19, 2019
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Top Loan Originators in the Country 2018- Mortgage Executive Magazine
Top Loan Originators in the Country 2018- Mortgage Executive Magazine

Once again, Mortgage Executive Magazine compiled a list of the Nations Top 1% of Mortgage Originators. To be eligible for such an achievement, each Loan Originator was required to produce a minimum of $30 million in 2018. These leading mortgage professionals continually dedicated their time and energy and worked extremely hard to make sure their clients received […]

March 12, 2019
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New Down Payment and Closing Cost Assistance Loans
New Down Payment and Closing Cost Assistance Loans

First Home Mortgage is excited to roll out a new program to assist first-time homebuyers, community partners and veterans with down payment and closing cost assistance. The FHLB program provides loans up to $7,500 to homebuyers that can be used towards the down payment and/or closing costs of their new home. These loans are forgivable […]

February 08, 2019
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Can You Buy a Home With Student Debt?
Can You Buy a Home With Student Debt?

According to The Institute for College Access & Success, about 65% of college seniors who graduated in 2017 had student loan debt. In Maryland, the average amount of debt was $29,314. Many potential homebuyers think with a mound of student debt it will be nearly impossible to purchase a new home. Luckily, there are options […]

November 29, 2018
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Maximum Conforming Loan Limits Announced for 2019
Maximum Conforming Loan Limits Announced for 2019

The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. Starting January 1, 2019, in most of the U.S., the maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018. FHFA’s house price index […]

November 28, 2018
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