Mortgage Loans
Affordable Home Financing
First Source offers standard home loans as well as our own specialized mortgage programs. We have a systematic process we’ve developed to make your experience easy and smooth, communicating at each milestone along the way.

Types Of Mortgages Available
There are three standard mortgage loan categories to which all mortgages fall under. Rates are generally very similar for each of these options.
Conventional Mortgage
A Conventional Mortgage often requires a minimum of 5% down and can be a good choice for those with good credit ratings.
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Government Federal Housing Administration (FHA)
An FHA Mortgage can be a better option if you have less-than-perfect credit and may need more assistance with closing costs. A lower percentage is required for a down payment, and the seller has a higher percentage option for concessions.
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Government Veterans’ Assistance (VA) Loan
A VA Mortgage is a specific home financing option available for veterans only, allowing for 0% down. Your DD214 and Certificate of Eligibility are required.
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First Source Specialized Mortgage Programs
First Source also offers tailored mortgage programs for first-time home buyers and for those who serve our community.
Community Heroes Program**
If you are in a professional or support role in the fields of Education, Law Enforcement, Healthcare, U.S. Military (active-duty or veteran), or Fire & Rescue (full-time or volunteer), you can get up to $450 in cash/discounts toward your home purchase.
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Home Possible Programs***
There are 2 options available to first-time home buyers within the Home Possible Program. Each offers a different set of benefits and Loan-To-Value (LTV) ratios. See which may be best for you.
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100% Mortgage Financing
Some home buyers are eligible for 100% financing, making a down payment no longer required.
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Mortgage Refinancing
Refinancing options are available for those looking to replace their current loan, lower their interest rate, and reduce mortgage payments. This can help save thousands over the life of your mortgage.
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Mortgage Checklist
As you prepare to speak with one of our Mortgage Specialists, we recommend downloading our handy Mortgage checklist. This guide will help you gather and organize the paperwork you’ll need to start the mortgage process.
Download Our Checklist
Live Smarter
Every situation and home is unique. We look forward to working with you on your specific need for affordable home ownership.
Apply Now
If you’re not ready to apply for a Mortgage loan, you might want to consider scheduling an introductory discovery call with one of our Mortgage Team representatives.