WASHINGTON--(BUSINESS WIRE)--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.
DC homebuyers have recently been challenged with bidding wars due to the lack of inventory in the DC metro area. Sellers are receiving multiple offers causing buyers to lose contract after contract, ultimately resulting in their financing and other contingencies to be waived in order to gain a competitive advantage. “Getting preapproved by a local lender who knows the area best is extremely important when waiving contingencies,” says Dave Alden, President & COO of First Savings Mortgage. “Our presence and the use of local appraisers have proven to be beneficial to our clients in order to meet short closing deadlines.”
With their two offices centrally located in the District, First Savings continues to be the local specialist for residential mortgages for the last 30 years. The District is known for its variety of housing options for purchasers looking to live in the city and First Savings offers a suite of products to accommodate those buyers including Jumbo Interest-only loans up to $10 Million.
About First Savings Mortgage Corporation:
First Savings Mortgage is a locally owned privately held mortgage company serving the metropolitan Washington, DC area since 1989, they have closed over $46 billion in mortgages to date. Licensed in Virginia, Maryland, Washington D.C., Florida, Delaware, South Carolina and North Carolina; employing 49 licensed loan originators with four offices located in Virginia, Maryland and Washington D.C.
First Savings Mortgage offers in-house underwriting, processing, closing, and the majority of appraisals performed by local licensed real estate appraisers. First Savings offers a full suite of loan products including Conventional, Jumbo, Interest Only, FHA, VA, Construction, Renovation Financing, Second Liens and Bridge Financing.
Learn more about First Savings Mortgage www.firstsavingsmortgage.com
First Savings Mortgage Corporation | NMLS ID #38694 (www.nmlsconsumeraccess.org)