Building Communities

Putting Our Community First

The Community First home mortgage is designed to help borrowers afford owning a home. This mortgage can be used in conjunction with our Buyer's First Down Payment Assistance.

Eligibility Requirements

A minimum FICO score of 600
A debt-to-income ratio of 50% or less
Borrower income at or below 100% of the county's Area Median Income (AMI)¹
The property must be located in one of our specified³ counties in Florida
Completion of homebuyer education and counseling services

Benefits of the Community First Home Mortgage

Up to 100% financing
Lower interest rates
Flexible down payment requirements
No Private Mortgage Insurance (PMI) required

The First Federal, Buyer's First Down Payment Assistance¹, is a second mortgage subsidy to help borrowers struggling with down payment requirements. Combine this assistance solution with our Community First Mortgage¹ for maximum savings. Here's what you can expect from our Buyer's First Down Payment Assistance:

Up to $10,000² in assistance to cover up to 100% of your down payment, reducing your out-of-pocket expenses.
Exclusive availability in specific³ North Florida counties.
Homebuyer education and counseling services are required.

^{1) To qualify, the property must be used as a primary residence, located in a Majority Minority Census Tract (MMCT) within the approved Florida Counties: Clay, Duval and Marion.}

^{2) The Buyers First Down Payment assistance provides $7,500 to cover up to 100% of down payment and closing costs, or $10,000 for employees (as well as the un-remarried spouses of employees who are deceased) in any of these industries: military (active duty, retired and reserves), law enforcement, corrections, and education (public and private).
3) The applicant's income must be 100% or less of the county Area Median Income (AMI).}

^{Availability and eligibility are subject to county-specific programs and guidelines. Terms and conditions apply.}

^{© First Federal Bank is an FDIC insured nationally chartered mutual savings bank approved lender. Restrictions may apply. This offer is subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an obligation to lend. Loans are subject to credit and property approval. Trade/Service marks are the property of First Federal Bank.}
^{First Federal Bank: Residential Lending Mortgage NMLS: 408902}

^{Equal Housing Lender}