Government
Firefighter Next Door
The Firefighter Next Door program is designed to make homeownership more accessible for our dedicated firefighters. This government-backed loan option offers attractive benefits, including a starting interest rate of 6.25% and flexible credit requirements, helping you achieve your dream of owning a home. CMRE is proud to offer this program, honoring those who serve our communities.
Program Benefits
Low down payment options available.
Competitive interest rates starting at 6.25%.
More lenient credit score requirements compared to conventional loans.
Backed by the government, offering enhanced security and stability.
Assistance programs may be available to further reduce costs.
Opportunity to own a home and build equity while serving your community.
Program Highlights
Max LTV
96.5%
Min Credit Score
580
Max DTI
55%
Loan Amount Range
$50K - $2M
Amortization Options
Eligible Properties
- Single Family
- Townhouse
- Condo
- Multi-Family (up to 4 units)
Program Requirements
Income Documentation
- •Stable employment as a firefighter.
- •Verifiable income documentation, such as pay stubs and W-2 forms.
- •Debt-to-income ratio that meets program guidelines.
- •Income should be sufficient to cover mortgage payments and other debts.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Documentation of all assets, including bank statements and investment accounts.
- •Reserves may be required depending on loan amount and credit profile.
- •Gift funds may be allowed with proper documentation.
Insurance & Title
- •Homeowner's insurance policy to protect the property.
- •Flood insurance may be required if the property is in a flood zone.
- •Mortgage insurance may be required depending on the down payment amount.
- •Adequate coverage to protect against potential losses.
Property Requirements
- •Minimum FICO score of 580.
- •Review of credit history to assess creditworthiness.
- •Good credit behavior, including on-time payments and low credit utilization.
- •May consider borrowers with limited credit history.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
The minimum FICO score required for the Firefighter Next Door program is 580. However, a higher credit score may result in more favorable loan terms.
No, the Firefighter Next Door program is typically for primary residences only.
CMRE has extensive experience with government loan programs and a deep understanding of the unique needs of firefighters. We offer personalized service, competitive rates, and a streamlined application process to help you achieve your homeownership goals.
The 6.25% rate is a 'starting at' rate. Your actual rate may vary based on factors like your credit score, loan amount, and other qualifications. Contact us to get a personalized rate quote.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
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