What is the Community Lending Program?

Our Community Lending Program offers affordable financial solutions and low-down payment requirements, making it the perfect match for low-to-moderate income home buyers in designated market areas. At FirstBank we see an opportunity to pave the path to homeownership by creating a geographical area and low-moderate borrower income driven program. The geographical areas that would benefit from this program are those properties located in Majority Black Track (MBT) and/or Community Reinvestment Act (CRA) low and moderate census tracts. Therefore, if the applicant’s property location is in a MBT or CRA, or the income of the applicant is low-moderate, the loan could be considered Special Purpose Credit Program eligible.

What properties qualify?

Single family homes and condos. Property must be in designated market areas, including Black/African communities in Miami-Dade and Broward counties.


To obtain a personal assessment

Key requirements and property qualifying criteria:

  • Property must be in designated market areas, including Black/African American communities in Miami-Dade and Broward counties
  • Flexible credit guidelines
  • Available for fixed-rate mortgage and refinance of primary residences only. Certain property types are ineligible. Maximum loan-to- value (“LTV”) is 97%\105% percent LTV/CLTV allowed, with a Community Seconds mortgage. For LTV >95%, other restrictions apply.1
  • May qualify for up to $6,000 in closing costs2
  • Mortgage insurance is required and will be paid by FirstBank3
  • May be combined with other assistance program, family gift funds or savings
  • Appraisal and Credit Report will be paid by FirstBank
  • Homeownership education and counseling
  • Single family homes and condos