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FMC's Builder Division works directly with builders to offer borrowers a wide variety of loan options.
FMC's Correspondent Division specializes in the acquisition of residential loans from approved clients.
Ready to Buy a Home?
First Mortgage Corporation (FMC) offers mortgages that fit the needs of real-life borrowers. We understand that saving money for a down payment can be the most difficult part of purchasing a home, so we specialize in down payment assistance programs like the NHF Access and NHF FirstDown loans. These allow low- and moderate-income borrowers a chance to buy a home for only half percent down payment. And because the half percent down payment requirement can be met with gift funds, it's possible to buy a home with little or no money down. Down payment assistance grants are also available for lower-income borrowers and we offer:
- FHA financing from 580 credit score (500 allowed with 10%* down) & zero credit scores (ask for details)
- VA financing to 100% with no minimum credit score requirement
- Manufactured home loans to 96.5% financing
- Conventional financing to 95%
- USDA and Energy Efficient Mortgages (EEM)
If you're ready to buy a home we have the mortgage to fit your needs. Visit our Find a Branch link to locate your nearest branch. Or visit Contact Us and complete our contact form. We'll send your request to your nearest loan officer, who will contact you shortly.
Looking to Refinance Your Home Loan?
FMC has many ways to help you save money by refinancing your home mortgage.
Home Affordable Refinance Program (HARP) -- FMC is one of the few lenders to allow unlimited loan-to-value ratios, so qualified borrowers may refinance regardless of what is owed on the home.
FHA 'streamline' refinance -- FMC's 'streamline' FHA refinance couldn't be simpler. It doesn't matter who is servicing your loan now - you can apply for this easy refinance option. Your credit report isn't used to determine loan approval, no tax returns are needed and there's no appliction fee! Lower your payments or your term and there is no appraisal requirement.
'Cash Out' refinance - What would it mean to you to have extra money to spend each month thanks to refinancing? Could you replace that failing automobile? Repair your home? Pay off other bills? Our 'cash out' refinance can help.
Veteran Affairs (VA) Interest Rate Reduction Refinance (IRRRL) -- This VA refinance option requires no application fee, no income verification and there is no minimum credit score requirement and may not require an appraisal.
We can help.
Financial Hardship Assistance
If you find yourself in a financial hardship that is causing you to fall behind on your mortgage or be in imminent danger of falling behind, we are here to help. CLICK HERE