If you are ready to start the buying process or need assistance with a pre-qualification, call us today at 305.917.9000 or provide us your information here.

Apply for a loan

Buying your first home is a big step, and we are here to help you through the process. It’s easy!

""
Buying your first home is an important milestone.

 

Here we will share all the information you need to make the right decision.

 

Is it the right time to buy a house?

Before making the decision, you should consider if it is the right time to buy a house. Know your purchasing and loan payment capacity with the following steps:

 

  • Check your credit score and history

  • Determine the area where you want to live

  • Make a list of preferences and organize them by priority

  • Know your budget

  • Arrange an initial interview with your Mortgage Consultant and get an orientation on the different financing alternatives

What savings do you have?

Evaluate your savings and determine if they are sufficient to buy the property you want. Typically you should have 10% to 15% of the sales price saved to cover down payment, closing costs, and/or escrow options if required.  

 

What is your monthly income?

Some examples of income that you can use for qualification are base salary, overtime, pensions, among others. Such income should be stable for a minimum of two years and should have a good chance of continuing to be received.

 

How important is it for me to have my own home?

While the view, decoration, location, and not feeling tied-down may be important for some people, others feel it is much more important to have a home of their own. Determine what is important for you, and if it is having your own home, we are here!

 

Benefits of paying a mortgage vs. renting

  • When you rent, you pay your landlord's mortgage. As a homeowner, you pay your own mortgage and invest your money in your future capital asset

  • With good interest and financing offers, your mortgage payment may be less than your rental payment

  • You can fix up the house to your liking and make the improvements or additions you want

  • Benefit from federal, state and municipal government incentive programs to subsidize the financing of your primary residence

  • When you buy a property, you are creating home equity

  • It is an investment in your and your family's future

  • The interest you pay on the mortgage can be deducted from your tax return

  • You avoid uncertainties related to contract duration, monthly payment increase, or contract renewal

""
Refinance My Home

 

You may be able to reduce your monthly payments, lower your interest rate, and more.

 

We believe it is our responsibility to provide options that make your life easier, when we can.

 

Refinancing your current mortgage could lead to a number of meaningful benefits:

  • Lower monthly mortgage payments

  • A lower interest rate, or revised term of your mortgage

  • Eliminating your mortgage insurance payments

  • Paying off your loan faster

A mortgage refinance with FirstBank Florida can increase your cash availability, which in turn allows you to cover:

  • Home improvements

  • Dream vacations

  • Emergencies

  • Medical expenses

  • Major purchases

  • Debt consolidation

The options are limitless. So is our commitment to service. Contact us today at 305.917.9000 to explore refinancing your mortgage.

""
Apply for a Mortgage Loan

 

Ready to apply for your mortgage online? 

Start now from the comfort of your home, with all the information readily available and without having to go to the bank! 

All you need is a computer, tablet, or mobile phone with an internet connection.

Apply for a loan

Get to know the benefits of applying for your loan online:

  • Enjoy 24/7 online access

  • Upload and review documents from your personal computer, smartphone or tablet in a secure platform, by taking and uploading a photo or scanning it

  • Choose the eConsent option for a total digital experience throughout the process

  • Electronically sign (eSign) to receive and upload disclosures and documents

  • Get real-time notifications on the status of your loan

  • Easily locate your Loan Officer’s contact information

  • Feel confident that your personal information is in a certified Secure Sockets Layer (SSL) site

  • Get to know the mortgage loan product alternatives that we offer so you can analyze and compare them

  • Find your application summary

  • Review all your loan application details

  • Receive notifications from your Loan Officer regarding your application

  • Easily identify all application tasks so that you can complete them and expedite the process

  • Access a list to view all documents that have been uploaded to the system

Apply for a loan

 

Required Documents 

Generally, most banks require documentation that allows them to assess your ability to repay a loan and thereby establish the amount you can be lent. To expedite your loan application, we've prepared a list of the primary documents required for most types of mortgage loan application:

  • Copy of the Sales Purchase Agreement

  • Copy of the Mortgage Deed (when refinancing)

  • Recent pay stubs (last 30 days), if you are employed

  • Tax returns or financial statements for the last two years, if you have your own business

  • Evidence of your earnings, included in the Application

  • Copy of two pieces of official identification for each applicant

  • Evidence of the source of the funds that will be used for the down payment

  • Divorce judgment and any stipulations, if applicable

  • Copy of the rental contract, for rental properties

  • Explanation Letter, if you have had any credit issues or if your credit history reflects problems

Subject to credit approval. Certain terms and conditions may apply. All products and services are available only in Florida. FirstBank Florida is a division of FirstBank Puerto Rico.

""
Manage my FirstBank Mortgage Loan

 

Are you a FirstMortgage customer?

 

Manage your loan from the comfort of your home. All you need is register. Access our services to manage your FirstBank loan mortgage.  Receive your digital statements just by giving electronic consent.

Access my mortgage

Download the following available documents 24/7.

Accessible documents include:

  • Annual mortgage interest statement, 480.7A/ 1098

  • Letters regarding your mortgage loan

  • Monthly Statement

  • Escrow Statement

  • ARM (Interest Change Notice)

  • Request copies of documents

Payments

  • Pay and schedule your monthly payments electronically

  • Request mortgage assistance or loss mitigation program

  • Request payment slips

All About Your Mortgage

  • Verify payment history

  • View payments made from reserve account for insurance and contributions

  • Obtain principal balance

  • View and request amortization tables

 

Manage your FirstBank mortgage loan in the most convenient and easy way for you.

Access my mortgage

Subject to credit approval. Certain terms and conditions may apply. All products and services are available only in Florida. FirstBank Florida is a division of FirstBank Puerto Rico.

Homeowners assistance program icon
Homeowners Assistance Program

 

In today’s challenging economic times, we recognize that managing your budget and responsibly paying your debts is more challenging than ever.

 

Our goal is to provide you with a solution that allows you to continue paying your mortgage and retain your property, as well as your peace of mind.

 

While every situation is different, if your mortgage property is your main residence, and you have sufficient income to pay the new reduced monthly mortgage, our officials will do their best to evaluate your options on an individual basis.

Subject to credit approval. Certain terms and conditions apply. All products and services are available only in Florida. FirstBank Florida is a division of FirstBank Puerto Rico. 

Community lending program icon
Community Lending Program
 
Achieve your dream of becoming a homeowner with our Community Lending Program.
Apply

What is FirstBanks’s Community Lending Program?

FirstBank’s Community Lending Program offers affordable financial solutions and low-down payment requirements, making it the perfect match for home buyers in designated market areas. At FirstBank we see an opportunity to pave the path to homeownership by creating a geographical area and low-moderate borrower income driven program. The geographical areas that would benefit from this program are those properties located in Majority Black Tract (MBT) and/or Low-to-Moderate Income (LMI) to be considered under this program.

What properties qualify?

To qualify for the Majority Black Tract (MBT) segment: All property types (except properties with Recreation Leases) in designated census tracts where at least 50% of the population identifies as Black or African American in Miami-Dade and Broward counties.1

 

To qualify for the Low to Moderate Income (LMI) segment: Single-family homes of one- to four-units, warrantable condominiums, townhomes, and planned unit developments in designated Low- and Moderate-income areas.1

 

To obtain a personal assessment click here.

Key requirements and property qualifying criteria:

  • Take 1.50% off our current mortgage rates if your property is in a Majority Black Tract in Miami-Dade and Broward counties2 

  • Flexible underwriting guidelines for qualified borrowers

  • May qualify for a lender credit up to $6,000 in closing costs3

  • Appraisal and Credit Report will be paid by FirstBank3

  • May qualify for lender paid Mortgage insurance4

  • May be combined with other assistance program, family gift funds or savings

  • Homeownership education and counseling class required before closing

All products and services are available only in Florida and subject to credit approval under FirstBank Florida terms and conditions. Programs, rates, terms, and conditions may vary and are subject to change.

 

¹Property eligibility varies by program segment. For the MBT segment, all property types are eligible (except properties with Recreation Leases). For the Low to Moderate Income (LMI) segment, eligible properties include single-family homes of one- to four-units, warrantable condominiums, townhomes, and planned unit developments. Non-warrantable properties are ineligible for closing cost incentives.

 

2The designated census tract must be a Majority Black Tract (MBT) which is defined as an area where at least 50% or more of the population is identified as Black or African American in Miami-Dade or Broward counties.

 

3The Community Lending Program offers a lender credit for closing costs of up to $6,000.00 for borrowers at or below 80% AMI and $3,000.00 for borrowers above 80% but not exceeding 100% AMI. Closing costs covered by this lender credit include the property appraisal and credit report. No closing cost incentives are available for borrowers over 100% AMI or for investment properties.

 

⁴Lender paid mortgage insurance is available for borrowers in the MBT segment at or below 100% AMI and for borrowers in the LMI segment at or below 80% AMI. The borrower must qualify and be approved by the mortgage insurance company.

 

Applicants must meet all the Community Lending Program's terms and conditions at the time of closing. Other restrictions apply. Program eligibility is not based on race, color, religion, sex, handicap, familial status, or national origin. A Change of Circumstance prior to closing, such as change of property or income, among others, may disqualify a previously eligible candidate. This program is offered and covered under our Special Purpose Credit Program.

Here we tell you all the information you need in order to make the right decision.

 

Is it the right time to buy a house?

Before making the decision, you should consider if it is the right time to buy a house. Know your purchasing and loan payment capacity with the following steps:

  • Check your credit score and history

  • Determine the area where you want to live

  • Make a list of preferences and organize them by priority

  • Know your budget

  • Arrange an initial interview with your Mortgage Consultant and get an orientation on the different financing alternatives

What savings do you have?

Evaluate your savings and determine if they are sufficient to buy the property you want. Typically you should have 10% to 15% of the sales price saved to cover closing costs and/or option if required.  

 

What is your monthly income?

Some examples of income that you can use for qualification are base salary, overtime, pensions, among others. Such income should be stable for a minimum of two years and should have a good chance of continuing to be received.

 

How important is it for me to have my own home?

While the view, decoration, location, and not feeling tied-down may be important for some people, others feel it is much more important to have a home of their own. Determine what is important for you, and if it is having your own home, we are here!

 

Benefits of paying a mortgage vs. renting

  • When you rent, you pay your landlord's mortgage. As a homeowner, you pay your own mortgage and invest your money in your future capital asset.

  • With good interest and financing offers, your mortgage payment may be less than your rental payment.

  • You can fix up the house to your liking and make the improvements or additions you want.

  • Benefit from federal, state and municipal government incentive programs to subsidize the financing of your primary residence.

  • When you buy a property, you are creating home equity.

  • It is an investment in your and your family's future.

  • The interest you pay on the mortgage can be deducted from your tax return.

  • You avoid uncertainties related to contract duration, monthly payment increase, or contract renewal. 

You may be able to reduce your monthly payments, lower your interest rate, and more.

 

We believe it is our responsibility to provide options that make your life easier, when we can.

 

Refinancing your current mortgage could lead to a number of meaningful benefits:

  • Lower monthly mortgage payments

  • A lower interest rate, or revised term of your mortgage

  • Eliminating your mortgage insurance payments

  • Paying off your loan faster

A mortgage refinance with FirstBank Florida can increase your cash availability, which in turn allows you to cover:

  • Home improvements

  • Dream vacation

  • Emergencies

  • Medical expenses

  • Major purchases

  • Debt consolidation

The options are limitless. So is our commitment to service. Contact us today at 1-866-456-2265 to explore refinancing your mortgage.

 

Ready to apply for your mortgage online? 

Start now from the comfort of your home, with all the information readily available and without having to go to the bank!

 

All you need is a computer, tablet, or mobile phone with an internet connection.

Apply for a loan

Get to know the benefits of applying for your loan online:

  • Enjoy 24/7 online access

  • Upload and review documents from your personal computer, smartphone or tablet in a secure platform, by taking and uploading a photo or scanning it

  • Choose the eConsent option for a total digital experience throughout the process

  • Electronically sign (eSign) to receive and upload disclosures and documents

  • Get real-time notifications on the status of your loan

  • Easily locate your Loan Officer’s contact information 

  • Feel confident that your personal information is in a certified Secure Sockets Layer (SSL) site

  • Get to know the mortgage loan product alternatives that we offer so you can analyze and compare them

  • Find your application summary

  • Review all your loan application details 

  • Receive notifications from your Loan Officer regarding your application

  • Easily identify all application tasks so that you can complete them and expedite the process

  • Access a list to view all documents that have been uploaded to the system

Apply for a loan
Required Documents 

Generally, most banks require documentation that allows them to assess your ability to repay a loan and thereby establish the amount you can be lent. To expedite your loan application, we've prepared a list of the primary documents required for most types of mortgage loan application:

  • Copy of the Sales Purchase Agreement

  • Copy of the Mortgage Deed (when refinancing)

  • Recent pay stubs (last 30 days), if you are employed

  • Tax returns or financial statements for the last two years, if you have your own business

  • Evidence of your earnings, included in the Application

  • Copy of two pieces of official identification for each applicant

  • Evidence of the source of the funds that will be used for the down payment

  • Divorce judgment and any stipulations, if applicable

  • Copy of the rental contract, for rental properties

  • Explanation Letter, if you have had any credit issues or if your credit history reflects problems

Subject to credit approval. Certain terms and conditions apply. 

 

Are you a FirstMortgage customer?

 

Manage your loan from the comfort of your home. All you need is register.

 

Access our services to manage your FirstBank loan mortgage.  Receive your digital statements just by giving electronic consent.

 

Download the following available documents 24/7. Accessible documents include:

  • Annual mortgage interest statement, 480.7A/ 1098

  • Letters regarding your mortgage loan

  • Monthly Statement

  • Escrow Statement

  • ARM (Interest Change Notice)

  • Request copies of documents

Payments

  • Pay and schedule your monthly payments electronically

  • Request mortgage assistance or loss mitigation program

  • Request payment slips

All about your mortgage

  • Verify payment history.

  • View payments made from reserve account for insurance and contributions.

  • Obtain principal balance.

  • View and request amortization tables.

 

Manage your FirstBank mortgage loan in the most convenient and easy way for you.

Access my mortgage

Subject to credit approval. Certain terms and conditions may apply.

In today’s challenging economic times, we recognize that managing your budget and responsibly paying your debts is more challenging than ever.

 

Our goal is to provide you with a solution that allows you to continue paying your mortgage and retain your property, as well as your peace of mind.

 

While every situation is different, if your mortgage property is your main residence, and you have sufficient income to pay the new reduced monthly mortgage, our officials will do their best to evaluate your options on an individual basis.

Subject to credit approval. Certain terms and conditions apply. FirstBank Florida is a division of FirstBank Puerto Rico.

Achieve your dream of becoming a homeowner with our Community Lending Program

 

Apply

What is the Community Lending Program?

 

FirstBank’s Community Lending Program offers affordable financial solutions and low-down payment requirements, making it the perfect match for home buyers in designated market areas. At FirstBank we see an opportunity to pave the path to homeownership by creating a geographical area and low-moderate borrower income driven program. The geographical areas that would benefit from this program are those properties located in Majority Black Tract (MBT) and/or Low-to-Moderate Income (LMI) to be considered under this program.

 

 What properties qualify?

 

To qualify for the Majority Black Tract (MBT) segment: All property types (except properties with Recreation Leases) in designated census tracts where at least 50% of the population identifies as Black or African American in Miami-Dade and Broward counties.1

 

To qualify for the Low to Moderate Income (LMI) segment: Single-family homes of one- to four-units, warrantable condominiums, townhomes, and planned unit developments in designated Low- and Moderate-income areas.1

 

To obtain a personal assessment Click here

 

Key requirements and property qualifying criteria:

  • Take 1.50% off our current mortgage rates if your property is in a Majority Black Tract in Miami-Dade and Broward counties2 

  • Flexible underwriting guidelines for qualified borrowers 

  •  May qualify for a lender credit up to $6,000 in closing costs3

  • Appraisal and Credit Report will be paid by FirstBank3  

  • May qualify for lender paid Mortgage insurance4

  • May be combined with other assistance program, family gift funds or savings

  • Homeownership education and counseling class required before closing

All products and services are available only in Florida and subject to credit approval under FirstBank Florida terms and conditions. Programs, rates, terms, and conditions may vary and are subject to change.

 

¹Property eligibility varies by program segment. For the MBT segment, all property types are eligible (except properties with Recreation Leases). For the Low to Moderate Income (LMI) segment, eligible properties include single-family homes of one- to four-units, warrantable condominiums, townhomes, and planned unit developments. Non-warrantable properties are ineligible for closing cost incentives.

 

2The designated census tract must be a Majority Black Tract (MBT) which is defined as an area where at least 50% or more of the population is identified as Black or African American in Miami-Dade or Broward counties.

 

3The Community Lending Program offers a lender credit for closing costs of up to $6,000.00 for borrowers at or below 80% AMI and $3,000.00 for borrowers above 80% but not exceeding 100% AMI. Closing costs covered by this lender credit include the property appraisal and credit report. No closing cost incentives are available for borrowers over 100% AMI or for investment properties.

 

⁴Lender paid mortgage insurance is available for borrowers in the MBT segment at or below 100% AMI and for borrowers in the LMI segment at or below 80% AMI. The borrower must qualify and be approved by the mortgage insurance company.

 

Applicants must meet all the Community Lending Program's terms and conditions at the time of closing. Other restrictions apply. Program eligibility is not based on race, color, religion, sex, handicap, familial status, or national origin. A Change of Circumstance prior to closing, such as change of property or income, among others, may disqualify a previously eligible candidate. This program is offered and covered under our Special Purpose Credit Program.

CALCULATOR

Find the payment that best fits your needs with our mortgage calculator.

Estimate your monthly payment

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*The results provided by this calculator are only for illustrative purposes. They are based on the information provided and do not constitute a pre-qualification. The estimated monthly payment is for principal and interest only and does not include other monthly payments such as property insurance, mortgage insurance, flood insurance or property taxes.

FirstBank Customer Service Consultant

Hello, one of our mortgage consultants will guide you step by step throughout the mortgage process.

Please give us your information so we may contact you.

MORTGAGE LOANS

Whether you are a current homeowner or a first-time buyer, with a Fixed Rate Mortgage you’ll know exactly what your payments will be for the life of your loan – which makes budgeting easy.

 

If you plan to stay in your home over the long term, and prefer to have more control over your expenses, this could be the ideal loan structure for you.

 

Choose between different year terms.

 

With its lower initial interest rate, an Adjustable Rate Mortgage (ARM) can add flexibility to your financial picture.

 

If you expect to earn more in the future and/or don’t plan living on your property for the full life of the loan, an ARM is a smart loan to consider. Keep in mind that your rates remain fixed for an initial, pre-determined period and then adjust each year thereafter.

 

Here are a few reasons why an ARM might be an attractive option for you:

  • Initial interest rate is usually lower than in a fixed-rate mortgage

  • Interest rate can only go up by a limited amount

  • Offers flexible repayment

  • Easier to qualify for than other mortgage options

In addition, you may choose the initial fixed period of your ARM.​​​​​

If you’re in the market for a larger home that requires a larger mortgage loan​ than standard conforming limits, turn to us for your jumbo needs. Our Jumbo Loan ​offerings let you finance residences that go above and beyond the conventional.

 

With loans amounts over $806,500 (1 unidad), our Jumbo mortgages also offer these advantages:​​​

  • With Non-Conforming loans that include both Fixed-Rate and Adjustable Rate options, we offer flexibility and the one-on-one customer service you expect and deserve

  • We can also offer more flexibility in the qualification process since conditions for approval are not subject to outside conforming loans requirements

Loan amount of $806,500 represents the maximum lending limit for a single-unit property jumbo loan. All loans are subject to credit approval under FirstBank Florida Terms and Conditions. Program, rates terms and conditions may vary and are subject to change. Certain restrictions apply. All products and services are available only in Florida. FirstBank Florida is a division of FirstBank Puerto Rico.

Regardless of your income level, you can apply to buy, remodel, or refinance your primary residence with a loan backed by the FHA – and enjoy some very attractive advantages, including:

 

  • Finance the purchase of your new home

  • Refinance based on the appraised value of your current home, depending on occupancy

  • Reduced closing costs

  • Use a gift or grant toward the down payment or closing costs

  • Use a co-applicant to help you qualify, even if they don’t live in the home

  • Easier credit qualification requirements

At FirstBank, we are deeply committed to our country and to helping non-U.S. borrowers who want to own a residence here. Our team of experienced international lending professionals can simplify the process for you, just as they have for many others from countries around the world.

 

Some basics you should know about obtaining a Foreign National​ loan:

  • Credit verification is required; we accept international credit reports.

  • Pre-qualification can help streamline your property shopping process.

  • Proof of income, property ownership and employment or business ownership will be necessary.

  • A valid international passport and secondary ID are required.

  • A U.S. visa may also be required (varies by country).

  • No U.S. Social Security number or Green Card is required.

You will also want to have a real estate attorney review any purchase contract(s), and work with a tax specialist to ascertain what U.S. tax liabilities apply in your situation.

More and more often, home is where the elevator is.

 

Look up! Condominium living is a smart and luxurious way of life in today’s market – especially in Florida. And FirstBank is ready to help finance yours.1  We offer a wide variety of condo purchase lending options, including:

  • Conventional fixed-rate mortgages

  • Adjustable-rate mortgages (ARMs)

  • FHA loans

  • Fannie Mae loans

  • Jumbo loans

For some of us, the ideal home exists only in our imagination. Why not make yours a reality with a FirstBank Construction Loan – designed to cover home construction costs by dispensing money in “draws” at progressive stages of completion.

 

You can save time and money with a Construction to Permanent Loan​, and receive all these benefits:

  • Just one set of closing costs

  • Variable rate during construction period

  • Financing periods of up to 18 months with a 4 month extension option

Build your true dream home now – and come to us to finance it!​​​​

Fixed Rate Loan

Whether you are a current homeowner or a first-time buyer, with a Fixed Rate Loan you’ll know exactly what your payments will be for the life of your loan – which makes budgeting easy.

 

If you plan to stay in your home over the long term, and prefer to have more control over your expenses, this could be the ideal loan structure for you.

 

Choose between different year terms.

Adjustable-Rate Loan

With its lower initial interest rate, an Adjustable Rate Mortgage (ARM) can add flexibility to your financial picture.

 

If you expect to earn more in the future and/or don’t plan living on your property for the full life of the loan, an ARM is a smart loan to consider. Keep in mind that your rates remain fixed for an initial, pre-determined period and then adjust each year thereafter.

 

Here are a few reasons why an ARM might be an attractive option for you:

  • Initial interest rate is usually lower than in a fixed-rate mortgage

  • Interest rate can only go up by a limited amount

  • Offers flexible repayment

  • Easier to qualify for than other mortgage options

In addition, you may choose the initial fixed period of your ARM.​​​​​

Jumbo Loans

If you’re in the market for a larger home that requires a larger mortgage loan​ than standard conforming limits, turn to us for your jumbo needs. Our Jumbo Loan ​offerings let you finance residences that go above and beyond the conventional.

 

Our Jumbo mortgages also offer these advantages:​​​

  • With Non-Conforming loans that include both Fixed-Rate and Adjustable Rate options, we offer flexibility and the one-on-one customer service you expect and deserve

  • We can also offer more flexibility in the qualification process since conditions for approval are not subject to outside conforming loans requirements

Loan amount of $806,500 represents the maximum lending limit for a single-unit property jumbo loan. All loans are subject to credit approval under FirstBank Florida Terms and Conditions. Program, rates terms and conditions may vary and are subject to change. Certain restrictions apply. All products and services are available only in Florida. FirstBank Florida is a division of FirstBank Puerto Rico.

FHA Insured Loans

Regardless of your income level, you can apply to buy, remodel, or refinance your primary residence with a loan backed by the FHA – and enjoy some very attractive advantages, including:

  • Finance the purchase of your new home

  • Refinance based on the appraised value of your current home, depending on occupancy

  • Use a gift or grant toward the down payment or closing costs

  • Use a co-applicant to help you qualify, even if they don’t live in the home

  • Easier credit qualification requirements

Foreign National​ Loans

At FirstBank, we are deeply committed to our country and to helping non-U.S. borrowers who want to own a residence here. Our team of experienced international lending professionals can simplify the process for you, just as they have for many others from countries around the world.

 

Some basics you should know about obtaining a Foreign National​ Loan:

  • Credit verification is required; we accept international credit reports

  • Pre-qualification can help streamline your property shopping process

  • Proof of income, property ownership and employment or business ownership will be necessary

  • A valid international passport and secondary ID are required

  • A U.S. visa may also be required (varies by country)

  • No U.S. Social Security Number or Green Card is required

You will also want to have a real estate attorney review any purchase contract(s), and work with a tax specialist to ascertain what U.S. tax liabilities apply in your situation.

Condominium Loans

More and more often, home is where the elevator is.

 

Look up! Condominium living is a smart and luxurious way of life in today’s market – especially in Florida. And FirstBank is ready to help finance yours.1  We offer a wide variety of condo purchase lending options, including:

  • Conventional Fixed-Rate Mortgages

  • Adjustable-Rate Mortgages (ARMs)

  • Fannie Mae Loans

  • Jumbo Loans

1Some restrictions may apply. Subject to credit approval. Certain terms and conditions apply. FirstBank Florida is a division of FirstBank Puerto Rico

Construction Loans

For some of us, the ideal home exists only in our imagination. Why not make yours a reality with a FirstBank Construction Loan – designed to cover home construction costs by dispensing money in “draws” at progressive stages of completion.

 

You can save time and money with a Construction to Permanent Loan​, and receive all these benefits:

  • Just one set of closing costs

  • Variable rate during construction period

  • Financing periods of up to 18 months with a 4 month extension option

Build your true dream home now and come to us to finance it!​​​​

HOW TO APPLY

Ready to buy or refinance your home?

Applying is easy with Mortgage Online. Start your mortgage application from anywhere.

Create your account and make sure you have the following required documents:

  • Property Information

  • Personal Information

Identify pending tasks in your application.

 

Upload and review documents from your computer, mobile phone or tablet.

Receive real-time notifications about the status of your loan application.

 

You can also contact your Loan Officer.

Apply
FREQUENTLY ASKED QUESTIONS

Contrary to a Conventional Loan, the FHA Loan is secured and guaranteed by an agency of the federal government and only applies to the primary residence, while a Conventional Loan can be used to purchase or refinance your primary residence, second home, or investment.

A conventional loan that is eligible for being sold to investors like Freddie Mac and Fannie Mae because it meets the income, credit, property, and loan amount standards required by the investors.

Yes, it is compulsory. If you do not insure your property against flood losses, the bank will not be able provide the requested loan, since federal regulations require this insurance for any property located in a flood zone. You should also know that if the property suffers damage due to a flood, and it is not insured, you will not be eligible to receive assistance from FEMA.

See FAQs
Couple reciving their new keys

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Pros and cons of renting or buying a home. Everything you need to know!

Make an informed decision between renting or buying a home.

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Myths and truths about mortgages

We clarify the most common myths about mortgages, so you can pick the best.

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How to know if you qualify for a mortgage loan

Are you considering applying for a mortgage loan? Get to know the main factors that determine whether you qualify.

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All loans are subject to credit approval under FirstBank Florida Terms and Conditions. Program, rates terms and conditions may vary and are subject to change. All products and services are available only in Florida. FirstBank Florida is a division of FirstBank Puerto Rico. NMLS ID #540676 Equal Housing Lender | Member FDIC

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