The coronavirus (COVID-19) is disrupting much of our daily lives, but we want to assure our customers and borrowers that First Community Mortgage has ample resources in order to continue serving you through this pandemic. To read about branch updates and resources available, please click here. COVID-19 Response

The First Community Mortgage Builder’s Choice Program is designed to partner with builders and home buyers. It provides tools and support to help the builder while serving the customer with the highest service possible.

You will feel confident knowing we have you covered when you go under contract with your homeowners. We are the number one lender for builders because of our integrity and consistent, reliable results.

Commitment to Close

Exclusive to First Community Mortgage

• Initial loan commitment (underwritten) within 10 days from signing contract.
• 24 hour turn time commitment at every decision level.
• 90 day loan approval guarantee (so long as applicant information does not change).
• Closing date guarantee – as agreed upon in advance with buyer, builder, and FCM.

Builder Support

• Builder specific mortgage programs, such as lender credits, designed to help new construction homebuyers.
• Dedicated manager and loan originator that understands the homebuying process to help oversee your business.
• Dedicated processing and underwriting staff specializing in new construction and understands the needs of you and your buyer.
• Omni-channel communication, including milestone text messages for each buyer through our custom mortgage app and weekly status updates on each buyer to your sales and support staff.
• Assistance with joint marketing efforts and grand openings.
• Weekend support for all communities.
• Training and education for your team to ensure they are knowledgeable on current product offering.
• Dedicated multi-cultural lending team assisting underserved markets with homeownership, including opportunities that are exclusive to First Community Mortgage.
• Dedicated appraiser panels for your communities.

Home Buyer’s Choice

First Community Mortgage provides the Human Mortgage experience – merging amazing humans with state of the art technology, allowing the customer to go through the mortgage process however they feel
most comfortable.

• Access to our full suite of conventional, government and jumbo loan products, suitable for all income levels.
• Down payment assistance programs.
• Flexible debt to income ratios.
• Lender credits toward closing costs starting at $1,000.
• No lender fees for veterans who obtain a VA loan.
• Long term locks with free float downs.

Affinity Builder Program

Our builder partners know us and trust us. We take pride in making sure we do everything in our power to ensure the success of those we work with and those we help to finance their new home.

• 1% of loan amount for the buyer to lower their rate or put towards closing costs.
• Local company, headquartered in Murfreesboro, Tennessee.
• 24-hour turn-times at every decision level.
• 90 day loan approval guarantee.
• No lender fees on VA loans.*
• Closing date guarantee – builder, buyer, and First Community Mortgage agree in advance on the date.
• Human Mortgage communication – We communicate the way you want.
• Spanish-speaking loan originators and customer service available.

The Builders Choice Program may be changed or discontinued at any time and not all applicants will be approved. Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and FCM underwriting criteria.

*Applicable to VA loan financing only, bond programs excluded. Jumbo, high balance, bond and down payment assistance programs are excluded from the lender credit incentive. Minimum 21 calendar days required between full application and closing date. Closing date guarantee subject to satisfactory Certificate of Occupancy, to be issued by the local authority. Applicant eligibility information cannot change for loan approval guarantee. The Affinity Builder Program may be discontinued at any time.