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If you are ready to start the buying process or need assistance with a pre-qualification call us today at 787-760-8100

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If you need help with guidance, buying your first home or refinancing, leave us your information here.

Take the first steps towards your dream home.

Buy my first home
Refinance my home
Apply for a mortgage loan
Manage my mortgage
Mortgage support

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Buying your first home is an important milestone.

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

Refinance my home.

When you refinance your mortgage, a new loan replaces your current one.

Things to keep in mind when refinancing.

It is important to know the approximate value of your property and the current debt of your home in order to evaluate any alternatives that meet your needs.

What are some things the bank takes into consideration during the process?

As part of the process, clients should know that income, credit history, the accumulated capital of the property, the difference between the current mortgage’s interest rate and the new interest rate, and the cost of refinancing.

That’s why it is important to select the best product for your specific needs.

Making improvements
Consolidating debt – improve your financial stability
Reducing the term
Increasing the term in order to lower your payment
Reducing the interest rate

Each case is unique. That is why we recommend you request an orientation. Together we can analyze choose the best option for your specific needs.

Subject to credit approval. Certain restrictions apply. FirstMortgage is a division of FirstBank Puerto Rico.

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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
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

Subject to credit approval. Certain terms and conditions apply.

Manage my mortgage.

Manage my mortgage

Are you a FirstMortgage customer?

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

Access our services to manage your FirstBank loan mortgage. Receive your digital statements 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.

Tutorial on how to manage my mortgage

Subject to credit approval. Certain restrictions apply. FirstMortgage is a division of FirstBank Puerto Rico.

Loss Mitigation.

At FirstBank, we recognize how important your home is, and we understand that financial hardships may arise beyond your control.

If you are facing any financial difficulties, we are ready to guide you and evaluate the loss mitigation programs for which you may be eligible.

Below are some of the programs that may be available to you if you qualify:

Reinstatement - Payment for the full amount of arrears, made in a lump sum, on a stipulated date
Forbereance- Allows you to temporarily suspend or reduce your payments for a specific time period
Repayment Plan- Allows you to pay past due amounts on your loan over a specific time period to bring your loan current
Loan modification- You may be able to change one or more of the terms of the loan, to assist you in bringing the account current and avoiding foreclosure
Short Sale- Allows you to sell your home for less than the remaining balance on your loan
Deed-in-lieu- An alternative where the borrower voluntarily surrenders title to the property. During the process, the borrower is evaluated according to the Institution established policies and may be exonerated from all or part of the financial obligation on the mortgage

If you have additional questions, you may contact us at 787-283-4100 Monday through Friday between 8:30 a.m. and 5:00 p.m. or send an email to tuhogar@firstbankpr.com. Please include your account number in all communications.

Click on the name of the document to download:

Law 169 Loss Mitigation Application

(only aplicable for properties in Puerto Rico)

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