FirstHome Mortgage

We offer 30-year, fixed-rate FHA, VA, USDA, and conventional mortgages at interest rates that are below or competitive with market rates to first-time home buyers.

FHA loans are insured by the Federal Housing Administration; VA loans are guaranteed by the Department of Veterans Affairs for eligible veterans; USDA loans are guaranteed by the U.S. Department of Agriculture for rural areas; and conventional loans are insured by a private mortgage insurance (pmi) company.

Downpayment assistance up to $8,000

Home buyers who need help with the down payment and closing costs may qualify for interest-free, deferred second mortgages up to $8,000. You pay $1,000 from your own funds, and the loan pays up to $8,000 of the balance.

Downpayment assistance up to $4,000

For home buyers who have higher incomes than the maximum limits required under our $8,000 down payment assistance program, we offer a $4,000 second mortgage at 0% interest, deferred for up to 30 years. You pay $1,000 from your own funds, and the loan pays up to $4,000 that can be used to help with the downpayment and closing costs.

Second mortgage up to $25,000

You also may be able to qualify for assistance through selected nonprofit or government agencies that offer deferred second mortgage loans of up to $25,000 for the purchase of their newly constructed homes.

Mortgage Credit Certificate

Home buyers who meet our qualifying income requirements, sales price, and first-time home buyer guidelines may be eligible for a Mortgage Credit Certificate (MCC). This federal tax credit was authorized by Congress to assist home buyers with moderate and low incomes.

While all homeowners can claim an itemized tax deduction for mortgage interest, you can go a step further with an MCC. An MCC reduces your tax liability, dollar-for-dollar, by a percentage of the mortgage interest you pay.