First Home Mortgage Launches New Program For First-Time Homebuyers
First Home Mortgage is launching a rate discount program for first-time homebuyers, the company announced in a press release. The program, First Home Advantage, gives eligible first-time homeowners access to lower interest rates. “We are excited to provide such a timely program,” said First Home Mortgage founder and CEO David Waters. “The First Home Advantage program levels the playing field for those who may have been overlooked in the past due to credit score issues.” Eligibility is based on annual income and geography, with different income limits in different areas. Borrowers in high-cost regions could be eligible with incomes as high as $168,600 a year. First Home says it created the program because more than 40% of loans it originated…