Leading Mortgage Lender Continues Efforts to
Support Affordable Housing and Homeownership Assistance
BALTIMORE, May 9, 2023
/PRNewswire/ -- First Home Mortgage Corporation, a leading provider
of residential mortgage loans, has announced today the launch of
its latest homebuying support initiative, First Home's Dream
Program, designed to assist low to moderate income homebuyers with
down payment assistance on conventional 30-year mortgages. This new
initiative aims to make homeownership more affordable, especially
for those who are struggling to save enough money for a down
payment in today's competitive housing market.
First Home Mortgage Corporation Launches
First Home's Dream Program to Provide Down Payment Assistance to
Homebuyers.
Through the First Home's Dream Program, eligible homebuyers can
receive $3,000 in down payment
assistance to help cover some of the upfront costs associated with
purchasing a home. To qualify, applicants' income levels must be at
or below 80 percent of the area median income (AMI), which is the
median household income of that region. The program is open to
everyone, but could be especially attractive to first-time
homebuyers.
"We understand that for many prospective homebuyers – especially
those seeking to purchase their first home – coming up with a down
payment can be one of the biggest barriers to homeownership," said
Steve Lagana, President of First
Home Mortgage. "First Home's Dream Program is just one of the many
ways we're working to make the dream of homeownership a reality for
more buyers looking to enter the market. We are committed to
supporting our local communities, and this program is a major step
towards that goal."
In addition to the First Home's Dream Program, the company has
recently launched two other initiatives aimed at helping homebuyers
achieve their dreams. The First Home Advantage program offers
discounted rates to qualifying first-time homebuyers, while the
First Home Heroes program offers savings in the form of fee
reductions to healthcare workers, first responders, educators, and
other community service heroes.
"At First Home Mortgage, we believe in the values of community,
trust, and commitment," added Lagana. "Our new First Home's Dream
Program is a further demonstration of our commitment to these
values, and our ongoing efforts to make homeownership more
affordable and accessible to everyone."
About First Home Mortgage
First Home Mortgage is a licensed, full service, residential
lender, with a deep bench of dedicated loan officers who guide
borrowers throughout the entire mortgage process and offer
continued support long after a loan has closed. We are committed to
delivering exceptional customer service that not only fulfills
goals but exceeds expectations.
Founded in 1990 with two offices and a handful of employees,
First Home Mortgage has since grown into a financial institution of
31 offices serving 21 states in the Northeastern, Mid-Atlantic, and
Southern regions. First Home Mortgage was recognized by the
Scotsman Guide in 2022 as a top 50 lender nationally by total
volume.
For more information and company news visit
firsthome.com/about-us
Copyright © 2023 First Home Mortgage Corporation. All Rights
Reserved
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SOURCE First Home Mortgage
