ALERT: Family First has recently been made aware of a scam spoofing both our 585.586.8225 and 1.800.356.1101 phone numbers. Please exercise caution if you receive a phone call claiming to be from our Fraud Department. Learn more here.

All Family First branches and the call center will be closed on Wednesday, June 19 for Juneteenth. We hope you have a safe and enjoyable holiday.

The Penfield branch parking lot will have limited access due to sealing beginning Saturday, June 1 at 1:00 pm. It will be fully reopened the morning of Monday, June 3.

FHA Mortgages

With an FHA loan, the minimum down payment is a low 3.5% of the purchase price, making this an affordable option for those wanting to purchase or refinance a home with little cash down.  These loans are insured by the Federal Housing Authority through the Department of Housing & Urban Development (HUD) and often carry interest rates that are lower than non-FHA alternatives.  Check with our Mortgage Team to find out if this loan meets your needs best!

  • Minimum down payment of 3.5%.
  • Available in 15 or 30 year fixed terms.
  • Available for purchase or refinance.
  • Refinancing available both with and without cash out.
  • First-time homebuyer and existing homeowners are eligible.
  • Loan amounts are limited by county.  For example, the maximum FHA loan amount for a single family home, condominium or townhouse located in Monroe County is $271,050.  If you are interested in other counties take a look at this page from HUD to find out what the maximum loan amount would be for that area.
  • Available for owner-occupied single family homes, condominiums and townhomes located in New York.
  • Condominium properties must be on FHA’s Approved Condominium list.  Our team can research to see if yours is on a list and that it has not expired!
  • Family First does not currently service FHA loans in which it arranges for.

FHA loans do require an upfront mortgage insurance premium and a monthly premium, unlike other conventional loans, but the amount of the upfront premium may be financed into the loan.

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