Affordable Home Mortgage Program
Purchasing and owning a home is part of the American Dream, but far too often potential homebuyers are limited by funding resources and support. First Financial Bank’s Affordable Home Mortgage Program is designed to support the home-buying process and let you focus toward creating cherished memories in your dream home. The team of lenders at First Financial Bank are dedicated to helping you achieve your personal goals of home ownership and will stand by you every step of the way.
Program Details:
- $350,000 maximum loan amount*
- Up to 100% financing**
- No Private Mortgage Insurance (PMI)
- Available for single-family residences that are owner-occupied as a primary residence
- Up to 30-Year Fixed Rate Term
- Purchase, Refinance, or Home Equity
- 15-Year Fixed Rate Home Equity
- Loan is retained and serviced by First Financial Bank - the loan will not be sold
- Total qualifying gross annual income cannot not exceed $128,400
- Manufactured Home options available
- For more information on terms or rates, speak with a Consumer Relationship Manager near you:
Affordable Home Loan:
*Maximum loan amount of $350,000. Subject to credit approval. Escrow required. Other restrictions apply. Subject to change. *Loans subject to income and/or other eligibility requirements which may vary depending on property location. Available in Bank’s designated assessment areas in Texas. **Up to 100% financing based on lesser of purchase price or appraised value.
Payment Example for Fixed Rate Loan: Loan amount: $350,000 | Term: 360 months | Interest rate: 8.4% | Origination fee: 0.50% | APR = 8.454% | Monthly payment: $2,666.43. Payments do not include amounts for mortgage insurance premiums. The actual payment obligation will be higher.
Payment Example for Home Equity: Loan amount: $350,000 | Term: 180 months | Interest rate: 8.7% | Processing Free: $795 | APR = 8.738% | Monthly payment: $3,487.74. Payments do not include amounts for mortgage insurance premiums. The actual payment obligation will be higher.
Rate and terms provided are examples. Actual rates and terms are based upon credit and other conditions. Visit a First Financial Bank lender for specific program details or call us for more details at 855-660-5862.
First Financial Mortgage Community Investment Grant Program
Making homeownership happen.
We are committed to making homeownership more accessible for individuals and families across our communities. By reducing the amount borrowers need to bring to closing, we help remove one of the biggest barriers to buying a home. Whether you’re purchasing your first house or seeking long-term stability, these grants are here to lighten the financial load and open the door to opportunity.
In addition to upfront support, we offer affordable, fixed-rate financing options that make it easier to plan for the future with confidence. With reasonable interest rates and flexible terms, our programs are built to promote lasting success—because we believe everyone deserves a place to call home and a financial foundation they can build on.
Mortgage Grant Programs Available:
Home Ready, Home Possible
Conventional Only |Up to 97% Loan to Value | 80% Area Median Income Limit
- 1.25% of loan amount toward closing costs/prepaids
- Lender Fees (Processing and Underwriting) = $500
- $500 gift card at closing
Conventional Only | Up to 97% Loan to Value | Purchasing in an Eligible MMCT | 80% Area Median Income Limit
- 2.5% of loan amount toward closing costs/prepaids
- Lender Fees (Processing and Underwriting) = $500
- $500 gift card at closing
Conventional MMCT
Conventional Only | Up to 95% Loan to Value | Purchasing in an Eligible MMCT | No Income Limit
- 1.25% of loan amount toward closing costs/prepaids
- Lender Fees (Processing and Underwriting) = $500
- $500 gift card at closing
Special Grant Notes: FFB in-house mortgage loans do not qualify for these grants. Applies to single family one-unit a primary residences only. Consult with a First Financial Mortgage Lender for more details.
Interested in learning more about our grant programs? Let's find a Mortgage Professional near you.
Looking for more information? Ready to get started? We would love to hear from you.
Unsure if these are the options for you? Learn more about our home loan options through First Financial Mortgage.
All loans subject to credit approval.