Conventional Fixed

You’ve found the house of your dreams, and you plan to live there forever. If this sounds like you, a Fixed Rate Conventional mortgage might be the right choice. It will provide you with the stability of an interest rate that will not change with the term of your loan. You may prepay your mortgage at any time without penalty, and can waive the escrow requirement for your taxes and homeowners insurance with at least 20% down and excellent credit. Down payments start as low as 3%.


Adjustable Rate

If you aren’t going to stay in one location for a long period of time, or if you want a relatively short mortgage term, an Adjustable Rate mortgage might be for you. Enjoy the savings realized by a much lower starting rate (compared to a fixed rate mortgage), while being protected by periodic and lifetime rate caps. Our conversion feature offers the option to convert to a fixed rate during a specified period of time. The escrow requirement for taxes and insurance can be waived with at least 20% down and excellent credit. Down payments start at 10%. 

Bi-Weekly Mortgage

When smart just isn’t smart enough, there’s the First Priority Mortgage, Inc Bi-Weekly mortgage. With this unique option, you'll save thousands of dollars in interest expenses and pay off your mortgage years sooner. How does it work? You simply make half of your regular monthly mortgage payment every two weeks instead of once a month. This results in 26 half payments per year, the equivalent of making one extra monthly payment per year. Although it doesn’t seem like a lot, it can make a big difference. See just how much you’ll save with our handy Bi-Weekly calculator.

The escrow requirement for taxes and insurance can be waived with at least 20% down and excellent credit. Down payments can be as low as 5%. 

New Construction

The excitement is building! Whether you are working with a builder, or building your home on your own, we have a construction program to help you create the home of your dreams. We offer both one-close and two-close draw loans, depending on your needs and circumstances. Financing is also available for modular and log homes.


SONYMA

Share your first buying experience with First Priority Mortgage, Inc. If you are a first time homebuyer, consider the SONYMA program. Below-market fixed rates make this the perfect mortgage for someone just starting out. Income and purchase price limitations apply, so call our office for more details.

FHA Mortgage

Concerned that you don’t have enough up-front cash to buy a house? The FHA mortgage might be the ideal solution for you. The down payment requirement is only 2.25% and we can help you pay closing costs. The FHA program allows a borrower to carry a higher debt load than a conventional loan, and can be more tolerant of credit blemishes. The use of grant or gift programs can help bridge the gap in cash “available” and “cash needed” to close.


FHA 203K Rehab

Now you can add value to your home, or just change its appearance with our "Diamond in the Rough" mortgage. Buy a home that needs repairs or remodeling, and finance the purchase and improvements. It’s all included with your monthly mortgage payment with minimal down payment.
 

VA Mortgage

A great option available to veterans, reservists and active-duty personnel. This fixed rate mortgage plan allows for 100% financing on a house, which means no down payment is required. In addition, the seller may pay closing costs and other prepaid requirements -- enabling the borrower to get into a home with very little up-front cash.