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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 […]

For 36 years, First Home Mortgage has been helping Maryland families achieve homeownership. Today, we’re proud to share another milestone in that story. According to the latest rankings from the Baltimore Business Journal, First Home Mortgage has been named the largest residential mortgage lender in the Greater Baltimore area, originating more than $658 million in […]

If you’re buying a home with a VA loan, you may hear about something called the VA Escape Clause. Unfortunately, it’s one of the most misunderstood parts of the VA loan process. Some buyers worry it makes their offer less competitive. Some sellers and agents assume it’s an added obstacle. In reality, the VA Escape […]