First Community Mortgage

Each of us has our own version of the American Dream. Whatever it is, it usually involves a place we call home. Since 2002, it's been our mission at First Community Mortgage to help more and more people secure their piece of the American Dream. Because when people have a home, it gives them a foundation from which to grow, to do bigger things and, in turn, build better communities.

Conventional loans are the most common type of loan with various options and several advantages. These loans can be used on a wide variety of property types and typically has lower interest rates. An FHA loan is very popular with first-time homebuyers.

Historically, these loans have allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford due to more flexible credit qualification standards than Conventional loans.As a Veteran, you and your family have many powerful home buying benefits in addition to traditional financing.

When you take out a mortgage loan how much you repay is determined by several factors. The total cost of your mortgage, including all of the below, is known as the annual percentage rate (APR), which is typically higher than the interest rate. Using the APR, you can compare mortgages of the same dollar amount by considering their total annual cost.

There can be great benefits when refinancing, but it's important to remember that it's not right for everyone. There are fees associated with refinancing, so it's typically best for people who plan to stay in their home for several more years. Speak to one of our loan originators to talk through your financial goals and allow us to help you make the best decision.

When you're buying a home for the first time, the thought of getting a mortgage can be a little scary. It will probably be the biggest financial transaction of your life so far. We understand you may want to do your own research before you apply. We've created some free tools just for you. By providing this information, you agree to be contacted by phone or email to receive information about First Community Mortgage.