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

Looking for your first dream home?

Then look no further. We at First Community Mortgage are here to help you. Let us determine if you qualify for a FHA Loan that could get you into your dream home for as little as zero down (if you qualify for down payment assistance or grants) The typical down payment for FHA is 3.5% of your loan amount.

What is It?

An FHA loan is a US Federal Housing Administration mortgage insurance backed mortgage loan which is provided by First Community Mortgage. FHA insured loans are a type of federal loan that have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford.

What are the Benefits of an FHA Loan?

FHA loans have more flexible credit qualification standards than Conventional loans. The minimum credit score requirement is also lower. Your down payment may also come in the form of a gift from family, certain government agencies, and charitable organizations.

What Else Should I Know?

To obtain mortgage insurance from the Federal Housing Administration, an upfront mortgage insurance premium (UFMIP) equal to 1.75 percent of the base loan amount at closing is required. This is normally financed into the total loan amount by the lender and paid to FHA on the borrower’s behalf. There is also a monthly mortgage insurance premium (MIP) which varies based on the loan term and loan-to-value ratio.

Have questions? Give us a call and we will help put you in your dream home! 1-800-GO-HUMAN


Terms and conditions apply. Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and FCM underwriting criteria. First Community Mortgage, Inc. is not affiliated with or acting on behalf of or at the direction of FHA or the Federal Government.

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Mortgage Executive Magazine, 2012 – 2016