First Home Mortgage

Office address: 6211 Greenleigh Avenue, Suite 300, Baltimore, MD 21220
Website: www.firsthome.com
Year established: 1990
Company type: financial services
Employees: 550+
Expertise: FHA loans, USDA loans, VA loans, jumbo loans, fixed rate mortgages, adjustable rates mortgages, 203k loans, renovation loans, construction loans, refinancing
Parent company: N/A
CEO and key people: David Waters (founder and CEO), Heidi Ford (COO), Matt Nader (SVP, director of sales), Irvin Klein (CFO), Emily Gregory (marketing operations manager), Meg Swinehart (VP, quality assurance)
Financing status: N/A

First Home Mortgage is a mortgage company that provides residential lending options, home financing, renovation financing, and more. Based in Baltimore, MD, the company’s operations span across 21 states, with over 35 locations and 550 employees. In 2023, its Maryland Mortgage Program exceeded $1 billion in loan reservations for the fourth year, supporting first-time homebuyers with essential financing assistance.

History of First Home Mortgage

First Home Mortgage was established in 1990 with just a few employees at an individual location in Maryland. Established to simplify the home loan process and enhance customer experiences, the company has been providing personalized mortgage solutions for almost 35 years. They have expanded their reach and deepened their expertise, making significant financial strides and winning multiple awards that indicate its growth.

Products and Services of First Home Mortgage

First Home Mortgage offers a comprehensive suite of mortgage products, catering to a diverse range of borrower needs:

• conventional loans: traditional home financing options with competitive rates
• VA loans: specialized loans offering benefits for veterans and their families, such as no down payment requirements
• USDA loans: targeted at homebuyers in rural areas, these loans offer up to 100% financing
• FHA loans: these include the popular FHA 203(K) for home renovations, allowing financing of both purchase and renovation costs under one mortgage
• renovation and construction loans: tailored for buyers looking to either renovate existing homes or construct new ones
• refinancing options: flexible refinancing options to meet various homeowner needs, from lowering monthly payments to adjusting loan terms

Culture at First Home Mortgage

First Home Mortgage supports the wellbeing of the company and its staff through initiatives and programs. The company shows its dedication in caring for their employees by providing them with comprehensive benefits. Such benefits include:

• Blue Cross/Blue Shield health insurance
• EyeMed vision insurance
• MetLife dental insurance
• company paid long-term disability insurance
• company paid life insurance
• 401(k) plan

The company supports Equal Opportunity Employment and promotes team building and employee recognition through events like company picnics and annual awards.

About First Home Mortgage CEO David Waters and Key People

David Waters has been the CEO of First Home Mortgage for over 30 years. Waters, with the help of his support staff, management team, and industry producers, has cultivated strong community relationships. He has a Bachelor's degree in Business Administration with a focus on Marketing and International Business from Towson University.

His leadership is supported by key executives including:

• Heidi Ford, the COO, oversees operational strategies and implementation of the company
• Matt Nader is the SVP for director of sales, he drives sales strategies and team performance
• Irvin Klein, as the CFO, manages financial planning and risk for First Home Mortgage
• Emily Gregory, the marketing operations manager, focuses on marketing strategies and brand management
• Meg Swinehart, VP of QA, ensures compliance and quality across services of the company

The Future at First Home Mortgage

First Home Mortgage has been improving its services and revisiting its strategies to accommodate the needs of different homebuyers, such as expanding in Maryland. The company also introduced the Dream Program in 2023 that is specifically designed for first-time homebuyers. These strategies not only increase their market footprint going forward but also solidify their commitment to supporting homeownership.