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The latest in Government Programs

The Federal government insures many low down payment programs including FHA, VA and Rural Development Loans. Mortgage 1 has vast experience in government loans. Contact us today.

Buying a new home?

Buying a new home is one of the largest investments most of us will ever make. When you need information, the Mortgage 1 Team is there to help you along the way. We are always a call or click away, please contact us anytime.

When you're ready to start, we can help

Buying a home is one of the most important decisions in your life, regardless if it is your first time buying a home. There are many factors to consider such as price, location and what type of mortgage is right for you. We can help...

We make buying your first home simple!

Mortgage 1 offers a multitude of first time buyer programs. Have questions? Just ask, we are here for you. Contact us for more information. Read More....

Refinance, when is the best time?

With interest rates at historic lows for almost 9 decades, now is a good time for a mortgage update. This is always a free service. Contact us today. Read More...

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Sunday December 4 , 2016
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The FHA Government Loan

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. Learn More >   Other Government Programs >

VA Loans

The VA Government Loan

VA guaranteed loans are made by Mortgage One, a VA Automatic Lender, and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.  Learn More >   Other Government Programs >

Rural Development

The Rural Development Loan

The Mortgage 1 Rural Housing program is dedicated to the preservation of rural communities. We partner with Rural Development, a division of the US Department of Agriculture, to help home buyers throughout the state realize the American dream of home ownership. This program, administered through the US Department of Agriculture, features 102% financing for qualified moderate-income families looking to purchase single-family homes. For borrowers with little or no cash, it's ideal since no down payment and no funds are needed for closing. Other Programs >

Jumbo Loan

The Jumbo Loan

A jumbo loan is a loan with a loan amount larger than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Currently the limit is set at $417,000 for most areas. Special areas such as Alaska, Hawaii, Guam, and the U.S. Virgin Islands have a higher limit of $625,000. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate; as compared to conforming loan.  Other Programs >


The Conventional Loan

A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate.  Other Programs >

Conforming Loans

The Conforming Loan

A conforming loan is any loan that meets the criteria and limits set forth by the two largest buyers of loans, Fannie Mae and Freddie Mac. Loans come in two types - conforming and non-conforming.  In order to fully understand the difference, you first must know a little bit about Fannie Mae and Freddie Mac.  Other Programs >

203k Program

The Streamlined 203(k) Program

FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.  Other Government Programs >


Reverse Mortgage

Reverse Mortgages

Reverse mortgages (also called home equity conversion loans) enable elderly homeowners to tap into their equity without selling their home. The lender pays you money based on the equity you've accrued in your home; you receive a lump sum, a monthly payment or a line of credit. Repayment is not necessary until the borrower sells the property, moves into a retirement community or passes away. When you sell your home or no longer use it as your primary residence, you or your estate must repay the cash you received from the reverse mortgage plus interest and other finance charges to the lender. Learn More >   Other Government Programs >

Reverse Mortgage

The HomePath Mortgage Financing

This special financing is available on Fannie Mae homes with the HomePath logo. Several benefits include low down payment and flexible mortgage terms, qualifying if your credit is less than perfect plus down payment (at least 3 percent) can be funded by your savings; a gift, a grant, or a loan from a nonprofit organization, state or local government, or employer. This unique financing also requires no mortgage insurance or appraisal fees. Other Programs >

Featured Services


Buying a Home

Buying a home is one of the most important decisions in your life, regardless if it is your...Read More


Top Government Programs

Mortgage 1 offers many different government loan programs with low or even no down... Read More >


When to Refinance?

Mortgage rates are at a historic low, now may be the time to refinance... Read More >


What is a Reverse Mortgage?

It enables elderly homeowners to tap into their equity without selling their home. Read More >