Blog

We’re proud to announce the launch of our new First Home Heroes program! We want to recognize the heroes in our communities — including first responders, teachers, and medical professionals — and thank them for everything they have sacrificed to protect us, educate us, and keep us safe and healthy. This new initiative reduces some […]

The Federal Reserve has just shared their perspective on the economy – so how does it impact your homebuying process? Today the Fed increased their target rates by .50%. Importantly, this doesn’t mean that prevailing mortgage rates increased overnight! In fact, average mortgage rates have actually declined since the Fed’s last rate announcement in early […]

The results are in, and they could have an impact on your home buying journey. Effective today, homebuyers may now borrow up to $726,200 in most counties and up to $1,089,300 in higher-cost areas! The limit on conforming loans backed by Fannie Mae and Freddie Mac is assessed annually. In September, First Home Mortgage responded […]

Home Inspections help buyers to identify any major issues with a home before closing. An inspector will evaluate the property and write up a list of major and minor repairs that need to be made. Without any penalties as a buyer, you are able to walk away from the purchase offer if there are major […]

We’re excited to announce the launch of our new First Home Advantage program! We couldn’t be more excited about this chance to provide exceptional service to first-time homebuyers — this new program is an opportunity to level the playing field for those who may have been overlooked in the past due to issues with their […]

The Federal Reserve remains dedicated to reducing inflation. With inflation remaining higher than we’d all prefer, the Fed just increased rates by another .75% — but what does that mean for you? The Federal Reserve’s goal is to maximize employment and promote price stability in the economy. When unemployment rates are low and inflation is […]

Are you looking to get your windows fixed or replaced before the winter? Before you do, let’s look behind the curtain and understand what type of sales tricks window salespeople will use.   The company charges a higher price, ensuring you are overwhelmed by the initial quote.    This can be a common trend across many different […]

Vampires, witches, and ghosts that go bump in the night may have you shivering with fright, but don’t let owning a home top your list of spine-chilling terrors this Halloween. First Home Mortgage is here to lessen your fears and ease the panic regarding homeownership.  Yes, you may need a down payment when buying a […]

The Federal Reserve just increased the Fed Funds rate .75%. What does that mean, and how does it impact the mortgage market? Here are three things to know about today’s news: 1. The Federal Reserve Influences Mortgage Rates, They Do Not Set Them Many have the misconception that the Federal Reserve’s actions have a direct […]

When buying a home and exploring mortgage options, you’re likely to encounter different agencies you may not be familiar with. What do these mortgage-related agencies do and why are they important? Fannie Mae and Freddie Mac Fannie Mae and Freddie Mac are two separate entities that purchase mortgages from banks. Fannie Mae is short for […]

It’s no secret that home prices are increasing nationwide. There is good news, however, the amount you can borrow is increasing, too! Every year Fannie Mae and Freddie Mac evaluate the conforming loan limit, which can differ from county to county. In 2021, for example, the maximum conforming loan amount in most counties increased from […]

If you have an adjustable-rate mortgage—commonly referred to as an ARM—you may be wondering when and if you should refinance to a fixed rate home loan. There are numerous factors you should consider when you think about refinancing, and even more to think about when it comes to making the switch from an ARM to […]