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  First Home Mortgage Refinance

First Home Mortgage Refinance

in Mortgage Refinance from First Home Mortgage · NMLS ID #71603

Unaffiliated

First Home Mortgage Refinance

Unaffiliated

in Mortgage Refinance from First Home Mortgage · NMLS ID #71603

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

0 users recommend
0 users are unsure
1 user doesn't recommend
Browse Reviews: 0 Recommendations | 1 Complaints
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Highlights
Community Rating

Rating not yet determined  
Loan Amount Up to $3,000,000
Loan Term (Years) 10 - 30 years

First Home Mortgage Refinance Review

First Home Mortgage Refinance is offered by First Home Mortgage (NMLS #71603), a direct lender founded in 1990 and based in Baltimore, MD. First Home Mortgage Refinance is available in 20 states (and Washington, DC).

Key Takeaways
  • 4 different mortgage programs offered. First Home Mortgage Refinance refinances FHA, FHA 203k, USDA, VA, conforming, and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Non-standard interest rates available. First Home Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
  • Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
First Home Mortgage Refinance Pros & Cons
Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 20 states.
First Home Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via First Home Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. First Home Mortgage Refinance offers mortgages refinancing with terms ranging from 10 to 30 years.

Does First Home Mortgage Refinance charge a mortgage origination fee?

Yes, First Home Mortgage Refinance will charge a loan origination fee.

What mortgage programs does First Home Mortgage Refinance offer?

First Home Mortgage Refinance offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • FHA 203k: An FHA mortgage you can also use to finance home improvements.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does First Home Mortgage Refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Home Mortgage Refinance allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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Availability

  Available in 20 states and Washington, D.C.
  • Colorado
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Indiana
  • Kentucky
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • New Hampshire
  • New Jersey
  • North Carolina
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Vermont
  • Virginia
  • West Virginia

Feature Breakdown

Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Loan Term 10 - 30 years
Loan Amount Up to $3,000,000
Interest Rate Types Offered
  • Hybrid Mortgage
Mortgage Programs
  • FHA
  • FHA 203k
  • USDA
  • VA
Terms 3/1, 5/1, 7/1, 10, 15, 30 years

First Home Mortgage Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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