First Savings Mortgage News

First Savings Mortgage has once again made the Washington Business Journal's Largest Home Mortgage Lenders List, coming in at number three!

As competitive and challenging as 2020 proved to be, First Savings Mortgage made it a mission to provide the best-in-class client experience. Making the list would not have been possible if it were not for the tireless efforts of our loan officers and staff. As rates for refinancing and purchase loans remain low, 2021 looks to be another competitive year for the market. First Savings continues striving to provide excellent service while working in the best interests of its potential, current, and past clients.

First Savings Continues to Hire Mortgage Professionals in 2020

Mortgage rates remain at an all-time-low during the COVID-19 Pandemic, which have resulted in more purchase and refinances than its prior years. In order to keep up with the demands of the market while continuing to provide the best service in private lending, First Savings has hired 23 employees since the beginning of the year. Unemployment has been high during these uncertain times, but First Savings is glad to provide jobs within the business footprint to mortgage professionals.

First Savings Launches SETTLESAFE™

During these unprecedented and challenging times, First Savings Mortgage launches SETTLESAFE™. An exclusive service to First Savings' clients that provides a remote closing experience. Documents needed for closing can be signed through the representation of a power of attorney by the settlement attorney. As always, First Savings Mortgage remains fully remote and working at 100% capabilities to provide outstanding service to our clients.

First Savings Mortgage Donates Meals During COVID-19

First Savings Mortgage has donated thousands in food to Holy Cross Hospital and UMC United Medical Center and their COVID-19 Relief efforts in an effort to feed the staff and hospital workers working around the clock to save lives. If you'd like to contribute and help out these organizations visit the Holy Cross Hospital site as well as the United Medical Center site today to help.

First Savings Mortgage Donate Towards COVID-19 Relief

Recently, First Savings Mortgage donated to Medstar Health's Associate Emergency Support Fund (Montgomery and Washington D.C.) that directly aids in COVID-19 relief efforts. First Savings Mortgage is committed to contributing directly to the communities the area and front line healthcare professionals continue to remain a priority.

First Savings Mortgage Provides Support for Healthcare Professionals

During the start of the 2020 COVID-19 Pandemic, First Savings Mortgage donated to INOVA Hospitals (Fairfax, Fair Oaks, Alexandria). With many supplies running low and healthcare professionals needing to work around the clock to help in the surge of cases in Virginia, First Savings Mortgage understood the immediate need to support financially.

First Savings Mortgage Quickly Adapts to a 100% Remote Capability During Pandemic

First Savings remains open and available for our clients in order to ensure we can continue to provide financing and excellent service during these unprecedented times. First Savings' focus on technology these previous years has allowed for a quick transition to a 100% remote environment.

First Savings Mortgage Ranks Number One for the Fifth Consecutive Year

First Savings Mortgage Corporation has been ranked for 2018 as the number one lender by volume in the District of Columbia according to data compiled by Corelogic for the fifth year in a row. First Savings was fortunate to make the dream of homeownership a reality to many First Time homebuyers, which accounted for 44% of the company’s volume in 2018. The recent launch of a new 100% financing program for first time homebuyers will allow the company to keep up with the growing demand for this group.

VHDA Congratulates Our 2016 Top Producing Loan Officers

Congratulations to our very own Jerome Jones for being recognized as VHDA 2016 Top Producing Loan Officers!

Helicopter Factory Unit 7W Appraised and Closed at $2,300,000

Congrats to our very own The Busch Team for closing on the 7W Unit at The Helicopter Factory. This appraisal and sale is more than $800,000 above the highest recorded condo sale and $700,000 above the highest single-family in Columbia Heights based on MRIS data.

Lender offers special mortgage program for recent college grads

First Savings Mortgage Corp. in McLean has rolled out a program to help people who graduated from college within the past three years with a bachelors, masters, professional, doctorate or technical degree in medicine, legal, finance, engineering, education or a science to buy a primary residence. The mortgage program offers 90 percent loan-to-value loans of $417,000 to $2 million without requiring mortgage insurance. Both adjustable and fixed-rate loans are available.