First Home Mortgage

What First Home Mortgage does

First Home Mortgage Corporation is a privately held, full-service residential mortgage lender founded in 1990 and headquartered in Baltimore, Maryland. The company originates purchase, refinance, renovation, and construction loans through 24 branch offices licensed across 23 states spanning the North Eastern, Mid Atlantic, and Southern United States, with a relationship-led go-to-market centered on dedicated loan officers who guide borrowers from pre-qualification through closing. Its product portfolio spans conventional fixed-rate and adjustable-rate mortgages, government-backed FHA, VA, and USDA loans, jumbo loans up to $3 million, and specialized offerings including FHA 203(k), Fannie Mae HomeStyle, and Freddie Mac CHOICERenovation products, plus niche programs such as the Medical Professional Program and down payment assistance products like First Home 100 & 100+. The company supports its origination workflow with a digital platform comprising a proprietary borrower portal, mobile applications on iOS and Android, an online mortgage calculator suite, and a mortgage glossary, with core loan origination technology provided through a partnership with ICE Mortgage Technology.

The business operates a transaction-based revenue model, monetizing through origination fees on closed loans, interest income on loans held in portfolio or sold to the secondary market, and recurring servicing fees on retained loan servicing (with servicing rights transferable post-closing). Approved as a seller/servicer to Fannie Mae and Freddie Mac and as an approved FHA, VA, and USDA lender, the company sells most conventional production to the secondary market while servicing many originated loans in-house, generating a mix of one-time and recurring revenue streams that are highly sensitive to mortgage rate cycles.

Customer segments are exclusively consumer — first-time homebuyers, refinance candidates, renovation and construction borrowers, government-program eligible buyers (military, rural, low-down-payment), high-net-worth jumbo buyers, and vertical-specific programs for medical professionals and critical workforce personnel (teachers, nurses, police, firefighters, EMTs). Marketing is multi-channel, combining content marketing via the company blog and educational resources, digital tools (calculators, mobile app), referral partnerships with real estate professionals, and community-based marketing through the physical branch network. The company maintains affiliated insurance entities (EverHome Insurance, LLC and EverTree Insurance) for cross-sell of insurance products to its borrower base.

Name

First Home Mortgage

Legal name

First Home Mortgage Corporation

Website

https://firsthome.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

251–500 employees

Short description

First Home Mortgage Corporation is a privately held, full-service residential mortgage lender operating 24 branches across 23 U.S. states, originating purchase, refinance, renovation, and construction loans for individual homebuyers and refinancers via dedicated loan officers and a digital borrower platform.

Ownership category

akta.pro rank

Product category

Mortgage Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Consumer Direct / Online Mortgage Origination (FSALAAAB)

akta.pro secondary industries

First-Time Homebuyer (FTHB) Mortgage Origination (FSALAAAG), Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI), Jumbo / Non-Conforming Mortgage Origination (FSALAAAH), Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)

Keywords

• Residential mortgage lending
• Home purchase financing
• Mortgage refinance loans
• Government-backed mortgages
• Renovation construction loans

Headquarters

HQ city

Baltimore

HQ country

United States

HQ region

North America

Offices23 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Loan Origination: First Home Mortgage originates residential mortgage loans including purchases, refinances, and renovation loans. Revenue is generated through origination fees charged to borrowers at closing, typically a percentage of the loan amount.
2. Loan Servicing: Company services many of its own loans, collecting monthly payments and managing escrow accounts. Servicing may be transferred to other servicers after closing.
3. Interest Income: As a lender, the company earns interest income on originated mortgage loans held in portfolio or sold to secondary market investors (Fannie Mae, Freddie Mac, HUD)

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

First Home Mortgage originates, sells, and services residential mortgage loans for individual consumers, including purchase financing, refinancing, and renovation/construction loans. Product offerings span conventional Fixed-Rate and Adjustable-Rate Mortgages, Jumbo loans up to $3 million, FHA, VA, and USDA government-backed programs, and specialized offerings such as a Medical Professional Program and multiple down payment assistance programs. Distribution combines 24 physical branch offices across 23 states with a proprietary borrower portal, native mobile application, and online mortgage calculators.

Product overview

First Home Mortgage is a full-service residential mortgage lender offering a comprehensive suite of mortgage products and services. The core product portfolio includes conventional mortgages (Fixed Rate and Adjustable Rate Mortgages), government-backed loans (FHA, VA, and USDA), and jumbo loans for higher-priced properties. The company also specializes in renovation and construction financing through programs like FHA 203(k) Standard and Streamline, FNMA HomeStyle, and Freddie Mac CHOICERenovation. Specialized offerings include a Medical Professional Program designed for healthcare workers, and various down payment assistance programs including First Home 100 & 100+, Pathway to Purchase, Critical Workforce Program, and Homeownership Equity Program (HEP). Digital support includes a mobile app with loan tracking and document upload capabilities, online mortgage calculators, and a mortgage glossary. The company operates across 23 states with 24 offices, providing services from pre-qualification through closing and into loan servicing.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Rate Mortgage A conventional fixed-rate mortgage with an interest rate that stays the same for the entire life of the loan, offering predictable monthly payments for terms of 10-30 years. Conforming loans meeting Fannie Mae and Freddie Mac criteria.
• Adjustable Rate Mortgage (ARM) Adjustable-rate mortgages that allow locking in a low introductory interest rate that may increase over time, with hybrid ARM options such as 5/1 offering a fixed period followed by yearly adjustments.

Quantifiable outcome

• First-time homebuyers guided through every step of the home buying process
• +1 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles6 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ICE Mortgage TechnologycoreTechnology or Integration · 1 January 2023Technology partnership resulting in Innovation Award – Best Application-to-Closed Loan Conversion Process. ICE Mortgage Technology provides loan origination system and technology platform enabling the company's digital mortgage capabilities.
• EverHome Insurance, LLCminorOthersAffiliated insurance company providing insurance products to First Home Mortgage customers. First Home Mortgage Corporation shares customer information with this affiliate for insurance offerings.
• EverTree InsuranceminorOthersNon-affiliated insurance partner sharing customer information for marketing purposes related to insurance products.
• Fannie Mae (FNMA)coreTechnology or IntegrationSecondary mortgage market partner purchasing and securitizing conventional mortgage loans meeting Fannie Mae criteria. Enables loan originations by providing liquidity to the mortgage market.
• Freddie MaccoreTechnology or IntegrationSecondary mortgage market partner providing financing and risk-sharing for conventional mortgage loans meeting Freddie Mac criteria.
• Federal Housing Administration (FHA)coreTechnology or IntegrationGovernment agency insuring FHA loan programs including FHA 203(k) renovation loans. First Home Mortgage is an approved FHA lender offering FHA-insured mortgages.
• U.S. Department of Veterans Affairs (VA)coreTechnology or IntegrationGovernment agency guaranteeing VA loans for eligible service members and veterans. First Home Mortgage is an approved VA lender offering VA loan programs.
• U.S. Department of Agriculture (USDA)coreTechnology or IntegrationGovernment agency insuring rural development loans for borrowers in designated rural areas. First Home Mortgage offers USDA loan programs.

Scale indicators4 records

Recent moves2 records

Expansion highlights6 records

Direct peers

• Homebridge Financial Services: Privately held residential mortgage lender offering retail and wholesale origination across multiple states; closely comparable in scale, multi-channel distribution, and product breadth to First Home Mortgage.
• Caliber Home Loans: Direct-to-consumer retail mortgage lender with broad conventional, government, and renovation offerings plus servicing operations; comparable in product scope and customer experience focus.
• Movement Mortgage: Retail-focused residential mortgage lender with a large branch network and similar culture of relationship-based loan officer sales; comparable on geographic coverage and product suite to First Home Mortgage.
• NewRez (New Penn Financial): Retail and wholesale residential mortgage lender offering full conventional, government, and renovation product lines; comparable in scale and multi-channel origination strategy to First Home Mortgage.
• Guaranteed Rate: Large retail mortgage lender operating through branches and digital channels with conventional, government, and renovation products; closely comparable in business model and target customer to First Home Mortgage.
• Embrace Home Loans: Regional retail mortgage lender with strong Mid-Atlantic and New England footprint, offering conventional, government, and renovation loans through a branch-and-digital model directly comparable to First Home Mortgage.

Broad incumbents

• loanDepot: Large national retail and wholesale mortgage lender with broad product coverage, in-house servicing, and significant digital capabilities; a broader incumbent competing in many of First Home Mortgage's geographies.
• Rocket Mortgage (Rocket Companies): Largest US mortgage originator with national digital-direct model plus retail operations; competes against First Home Mortgage for both purchase and refinance borrowers across shared licensed states.

Emerging players

• Newfi Wholesale: Non-QM and niche residential mortgage lender focused on underserved borrower segments; emerging player intersecting First Home Mortgage's specialty programs like renovation and medical professional lending.

Regional players

• Howard Bancorp / First Home Bank: Maryland-headquartered community bank with residential mortgage lending focus in the Mid-Atlantic; regionally comparable competitor in many of First Home Mortgage's core markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/GoFirstHome

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Home Mortgage