Federal First Lending

About

Thousands of loans, and one plain purpose.

Federal First Lending has helped finance thousands of loans, helping Americans find, keep and afford their homes. This page is set out the way a statement is, because a lender that will not show you the working is not worth the rate.

Loans financedThe one number the firm publishes, and the only one on this page that is a claim rather than an explanation.Thousands
The purposeHelping Americans find, keep and afford their homes. Purchase, retention, and the monthly payment: those are the three, and they are not the same problem.3 verbs
Where we lendUnited States. Programmes and requirements vary, and eligibility is always determined by underwriting rather than by a web page.US

How a loan moves

Four stages, and you control two of them.

Most of the anxiety in a mortgage comes from not knowing which stage a file is in or what is holding it. So here is the whole sequence, with the part that is actually in the borrower's hands marked.

Pre-approvalA credit pull and a look at income and assets, producing a number you can actually shop with. Free, and worth doing before a single showing.$0
ApplicationThe document list is published on the home page, grouped exactly the way underwriting asks for it. Sending all of it at once is the single biggest thing a borrower controls.5 groups
UnderwritingVerification of everything supplied, an appraisal on a purchase, and conditions to clear. Delays here are almost always a document that has not arrived.Weeks
ClosingFinal figures disclosed in advance, then signing. The payment that starts the following month is principal and interest plus taxes and insurance, not the illustrator figure on its own.1 day

Find it · keep it · afford it

Three words, and they are not the same job.

Finding a home is a pre-approval problem. Keeping one is a payment problem, and usually a refinance conversation. Affording one is arithmetic, which is why the payment illustrator sits on the front page rather than behind a form.

See the payment table

Get the number before you go looking.

Pre-approval costs nothing and takes minutes, and it is the difference between shopping with a figure and shopping with a hope.

Get pre-approvedCall (855) 517-3388