FIRST MORTGAGE CORPORATION
Licensed Mortgage Lender for Georgia Residential Properties

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FIRST MORTGAGE CORPORATION offers a variety of loan programs to meet your needs. Whether you are looking to purchase a new home, finance a vacation home or rental property, or refinance your existing mortgage, we have the first mortgage loan to help you succeed!

 

 
FHA Mortgage Loans
FHA Purchase Mortgage
FHA Refinance Mortgage
Conventional Mortgage Loans
Conventional Purchase Mortgage
Conventional Refinance Mortgage
VA Mortgage Loans

FHA Mortgage Loans

An FHA (Federal Housing Administration) mortgage is an insured mortgage loan under the U.S. Department of H.U.D.  FHA loans are one of the most requested loans in the market today. There are many advantages to the FHA Mortgage whether you are purchasing a home or refinancing your existing home. 


FHA Purchase Mortgage

FHA Purchase Mortgage:

1.  You can finance up to 96.50% of the purchase price

2.  You can make a minimal down payment of only 3.50%

3.  Allows for debt to income ratios to 41% or more

 

Term: 30 years   Maximum Amount: $358,800
 

Rates are subject to change several times per day. Please call or contact us via email for the latest up to the minute rate tailored to your particular mortgage situation.


FHA Refinance Mortgage

FHA Refinance Mortgage:

1.  You can finance up to 97.75% of the appraised value for no-cash-out refinance

2.  You can finance up to 85% of the appraised value for cash out

 

Term: 30 years   Maximum Amount: $358,800
 

Rates are subject to change several times per day.  Please call or contact us via email for the latest up to the minute rate tailored to your particular mortgage situation.


Conventional Mortgage Loans

Conventional Mortgage Loans are sold into the secondary market, most commonly to the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.  These mortgages are offered with a wide variety of products for both purchase of a new home and refinance of existing property.

Term: 30 years   Maximum Amount: $424,100
 

Rates are subject to change several times per day.  Please call or contact us via email for the latest up to the minute rate tailored to your particular mortgage situation.


Conventional Purchase Mortgage

Conventional Purchase Mortgage:

1.  You can finance up to 97% of the purchase price for a primary residence and up to 90% for a second home and up to 85% for investment property.

Term: 30 years   Maximum Amount: $424,100

 

Rates are subject to change several times per day.  Please call or contact us via email for the latest up to the minute rate tailored to your particular mortgage situation.


Conventional Refinance Mortgage

Conventional Refinance Mortgage:

1.  You can finance up to 97% for a no-cash-out refinance of your primary residence, up to 90% for second home, and up to 75% for investment property

2.  You can finance up to 80% for a cash out refinance of your primary residence and up to 75% for second home or investment property.

Term: 30 years   Maximum Amount: $424,100

 

Rates are subject to change several times per day.  Please call or contact us via email for the latest up to the minute rate tailored to your particular mortgage situation.


VA Mortgage Loans

VA (Veterans Administration) Mortgage Loans are those offered under the Veterans Administration Loan Guaranty program.  VA mortgage loans are offered for both purchase of a home or refinance of your current home.  You can finance up to 100% for purchase or refinance.

Term: 30 years   Maximum Amount: $424,100

 

Rates are subject to change several times per day.  Please call or contact us via email for the latest up to the minute rate tailored to your particular mortgage situation.