First Choice Mortgage

read moreFirst Choice Mortgage Co. is a locally owned company that is centrally located on Spokane's South Hill. We have been one of the leading independent mortgage companies in all of Washington and Idaho for the past seventeen years. First Choice Mortgage has been known for being innovative, honest, and for delivering service above and beyond our customer's expectations.

read moreIt's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit. With this information you can make a more informed decision on whether these government insured loans are right for you and your family. In response to the growing housing situation in the United States the loan limits for FHA Loans has been temporarily raised.

read moreThe following is a partial list of programs offered by First Choice Mortgage Co. with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 509-532-9775. 0% down payment required and closing costs can be financed up to 103% of the purchase price. Only single-family homes that will be owner-occupied are eligible. First time homebuyer status not required and there are no income limits. Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment.

read moreAt First Choice Mortgage Company, we offer a variety of lending products to meet the varied needs of each of our customers. Many borrowers mistakenly assume that a poor credit score will keep them from getting a loan. However, we recognize that you are more than your credit rating. We have solutions that take other factors into account and give you the chance to rebuild your credit and move on with your life.

read morePre-qualification starts the loan process. Once a lender has gathered information about a borrower's income and debts, a determination can be made as to how much the borrower can pay for a house. Since different loan programs can cause different valuations a borrower should get pre-qualified for each loan type the borrower may qualify for. In attempting to approve homebuyers for the type and amount of mortgage they want, mortgage companies look at two key factors. Ability to repay the mortgage is verified by your current employment and total income.