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With graduations upon us, graduates past and present are reminded of the price of their education. According to the U.S. Federal Reserve, in 2021 44.7 million Americans have student loan debt and in Maryland, the average balance is $36,689. Many potential homebuyers think with a mound of student debt it will be nearly impossible to […]

Are you a Gen Zer unsure about your financial responsibility when it comes to buying a home? Are you worried about if you have enough saved for your down payment? Buying a home doesn’t have to be an overwhelming process or a financial drain. How should you prepare? 1. Down Payments Down payments seem to […]

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 […]

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 […]

Buying a home is a big, if not the biggest, purchase you are going to make. You may have heard there are a lot of costs when it comes to buying, and hearing the word “down payment” may strike a small sense of panic, but it doesn’t have to! There are many programs offered to […]

The Maryland Mortgage Program has announced their new Special Assistance Grant Program to assist homebuyers with down payment and closing costs while purchasing a home.  The MMP offers a range of programs that help make purchasing and owning a home more affordable.  With this Grant, eligible borrowers will receive $2,500 or $1,500 (depending on the […]

Rhode Island Housing (RIH) has introduced a new Extra Assistance Loan for first-time homebuyers, effective May 21, 2018.  This Extra Assistance Loan may be used towards the borrower’s down payment and/or closing costs.  RIH offers affordable and innovative lending opportunities, education, resources and programs to assist Rhode Islanders to buy, build and keep a good home. Extra […]

Virginia Housing Development Authority (VHDA) offers a variety of affordable home mortgages to Virginians who otherwise might not be able to afford quality housing.  Add available special features, such as the Down Payment Assistance Grant and Mortgage Credit Certificate with a VHDA Loan Combo and increase money-saving benefits. What does the VHDA Loan Combo consist […]

On January 19th, 2018, the Maryland Department of Housing and Community Development honored its top four performing lender partners of 2017 – First Home Mortgage Corporation acknowledged as their Top Producing Lender.  With an audience of nearly 300 program partners, the department debuted their redesigned website, presented their new enhancements and processes on new loan and […]