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Home > Financial Services > Mortgage Brokers > First Home Inc.
First Home Inc.
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Bay Area Home Buyer Agency is an integral part of the First Home family of online resources. The sole purpose is to provide Bay Area home buyers quick and easy access to the inventive and comprehensive assistance programs, education, and counseling provided by the Bay Area Home Buyer Agency.
As the needs of Bay Area Home Buyers continue to grow and as the Bay Area Home Buyer Agency expands its program and service offerings. Their goal is create a one stop online resource for you.
The Bay Area Home Buyer Agency works with cities, counties, companies, banks, and publicly and privately funded home buyer resource agencies to provide future home buyers with the resources and assistance necessary to successfully complete the home purchase process.
Individual Development and Empowerment Account matching loan is available to households who participate in a homebuyer education and savings management program for ten to twenty months. The company also offers a comprehensive education, counseling, savings, and debt management program to assist households in meeting their savings requirements. The purpose of this preparation period is to allow the buyer to work with credit and financial counseling partner in First Home’s case, their non profit partner, Springboard to save up money for down payment and closing costs, and to reduce debt and improve credit to increase buying power.
The Workforce Initiative Subsidy for Homeownership matching loan is available immediately to qualifying homebuyers. However, loans can only be used in conjunction with local down payment assistance program such as those sponsored by a city, county, or an employer such as a school district. The company helps buyers access these programs. One percent of down payment must come from personal funds.
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