Company Research Report: First Continental Mortgage, Ltd.

Company Overview

Name

First Continental Mortgage, Ltd.

Mission

Our Mission at First Continental Mortgage, Ltd. is to provide exemplary service on each mortgage transaction to our valued business partners, borrowers, and fellow associates. We strive to be a mortgage origination company focused on the core values of integrity, ethics, financial responsibility, regulatory compliance, and sound underwriting standards.

Founded

First Continental Mortgage, Ltd. was founded in 1992 by Clifton A. Crabtree.

Key People

• Andrew J. Perlman - Chief Executive Officer

• Chris Johnston - President | RMLO

• Brad Snyder - Senior EVP | RMLO

• David Brown - EVP | Investment Officer

• Mathew Russo - Senior EVP | RMLO

• Jason Shortnacy - SVP | RMLO

Headquarters

6002 Rogerdale Road, Suite 500/565, Houston, TX 77072

Number of Employees

No information is available.

Revenue

No information is available.

Known For

First Continental Mortgage, Ltd. is known for its customer-centric mortgage banking services, offering a wide array of loan programs tailored to meet the unique needs of homebuyers. This includes first-time home buyers, veterans, and individuals with less than perfect credit.

Products

Overview

First Continental Mortgage, Ltd. offers a variety of mortgage products aimed at providing flexible, competitive financing options for homeowners.

Products Offered

Fixed-Rate Mortgage

• Description: Offers a fixed interest rate for the life of the loan, providing predictable monthly mortgage payments.

Adjustable-Rate Mortgage (ARM)

• Description: Mortgages with interest rates that may change periodically, usually in relation to an index, and monthly payments that can vary.

Conventional Mortgage Loans

• Description: Standard loans not insured by the federal government.

Jumbo Mortgage Loans

• Description: Loans that exceed the conforming loan limits set by the Federal Housing Finance Agency (FHFA).

GNMA (Ginnie Mae)

• Description: Provides mortgage-backed securities guaranteed by the U.S. government.

FNMA (Fannie Mae)

• Description: Offers mortgage-backed securities and related financial services.

FHA Loans

• Description: Loans insured by the Federal Housing Administration for borrowers with lower credit scores or down payments.

VA Loans

• Description: Loans guaranteed by the Department of Veterans Affairs for military veterans and service members.

Texas Veteran Housing Assistance Program

• Description: Specialized loans for Texas veterans.

USDA Rural Housing Loans

• Description: Loans guaranteed by the United States Department of Agriculture for rural homebuyers.

Bond Programs

• Description: Financial aids for home buyers, available in Texas.

• Key Features: Government insured, aimed at providing lower interest rates for qualified applicants.

First-Time Home Buyer Programs

• Description: Tailored to assist first-time homeowners with financing solutions.

Community Home Buyer Programs

• Description: Programs designed to help individuals in specific communities achieve homeownership.

Extended Lock Options

• Description: Provides an option to lock the mortgage interest rate for a longer period.

Forward Commitments

• Description: Allows builders to lock in rates for future sales.

Mortgage Credit Certificate

• Description: Allows first-time home buyers and low-income buyers to claim some of the mortgage interest as a tax credit.

Recent Developments

New Products

No information is available.

New Features Added to Existing Products

No information is available.

New Partnerships

No information is available.

All information provided is based on the data available from First Continental Mortgage, Ltd. Additional commentary or missing fields are marked as "No information is available."