Buying a Home?

At First Commonwealth, we understand that buying or refinancing a home is a major financial decision. Whether you’re searching for that perfect starter home, a house your family can grow into, or the idyllic retirement retreat, First Commonwealth is here to help from start to finish. We offer low origination fees and a variety of loan options including conventional, adjustable-rate, and first-time home-buying mortgage options.

Apply Now      You will be asked to create an account to start your online mortgage application.



If you've recently received communications regarding a shortage to your escrow account, please fill out the form located at the button below:

Escrow Shortage Payment Form
 


First Front Door

Closed for 2020. No longer accept any applications.

First Front Door (FFD)

Get up to $5,000 in cash for the down payment and closing costs through FFD, a first-time home-buyer grant program funded by FHLBank Pittsburgh. If you qualify,* we will match your contribution 3-to-1. For every $1 you contribute, you can receive $3 in grant assistance, up to a maximum of $5,000.

Learn More

First Front Door funds are available on a first-come, first-served basis. Restrictions may apply.

Home Ready Mortgage

Home Ready Mortgage

A HomeReady® mortgage is a great option for first-time home buyers and other borrowers who may not qualify for traditional financing.

  • Down payment as low as 3%
  • Flexible sources of funds
  • Homeownership education required via an easy-to-use online format
  • Income eligibility requirements apply*

FHA

FHA Mortgage Loans*

With greater flexibility than ever before, FHA is making homeownership happen. FHA-insured home loans are available to borrowers with less-than-perfect credit - even after bankruptcy, you can be considered after two years of discharge and once good credit has been established. Interest rates tend to be lower than conventional mortgage rates.

Construction Loans

Construction Loans

Looking to build the home of your dreams? Construction loans offer you the flexibilty you need.

VA Loans

Veterans Affairs Loans

Military members may be eligible for a VA loan, which provides affordable, government-backed mortgage financing with unique benefits including no down payment (100% financing) or PMI.

Adjustable Rate Mortgage

Adjustable Rate Mortgage

Ideal for growing or military families and people who relocate frequently or are not planning to stay in their home for an extended period of time.

Jumbo Mortgages

Jumbo Mortgage

For higher borrowing needs we offer adjustable-rate jumbo mortgages with fixed initial rate up to 10 years.

commercial mortgage loans

Business Real-Estate

We have mortgage options for commercial property purchase, residential rental properties/investment properties as well as refinance options.

contact mortgages

Contact Us

Our Mortgage Origination Specialists will discuss all of the home-buying options available to you.

Contact Us

home buying

Home-Buying Seminar

Buying a home is the largest purchase most people will ever make. So, where do you start? Find out more by attending one of our free seminar.

realtor

Are you a Realtor?

Join us for a lunch and learn to gain an overview of the many unique mortgage options First Commonwealth has to offer your clients. A light lunch will be provided.

man on computer and phone housing counseling

Housing Counseling Services

Are you behind on your rent or mortgage? Do you plan to buy a home soon? Are you considering taking out a reverse mortgage loan or home equity loan? Get expert advice and resources from our partner, GreenPath.

Learn More

*We will review qualifications and other program requirements with you.

Table data for Mortgage - Fixed Rate
 10-20-2020
Term Points Rate (as low as) APR1 Alert Me
10 Years 0 2.875% 3.041% Receive a notification when this rate changes
2 2.125% 2.711% Receive a notification when this rate changes
15 Years 0 2.875% 2.989% Receive a notification when this rate changes
2 2.125% 2.524% Receive a notification when this rate changes
20 Years 0 3.125% 3.213% Receive a notification when this rate changes
2 2.375% 2.683% Receive a notification when this rate changes
30 Years 0 3.250% 3.313% Receive a notification when this rate changes
2 2.500% 2.716% Receive a notification when this rate changes
Rates will vary for refinance transactions. Rates will vary based upon credit score. Rates are locked for 60 days. Loans with less than 20% down payment will require private mortgage insurance. NMLS 595144
  • 1Annual Percentage Rate (APR) calculations for fixed and adjustable rate mortgages are based upon a purchase transaction with a $100,000 loan amount, 20% down payment, credit score of 740 and all applicable prepaid charges.
Table data for Mortgage - Adjustable Rate
 10-20-2020
Term1 Points Rate (as low as) APR Alert Me
1/1 Adjustable 0 3.250% 2.564%
3/1 Adjustable 0 2.500% 2.523%
5/1 Adjustable 0 2.500% 2.538%
7/1 Adjustable 0 2.500% 2.553%
10/1 Adjustable 0 2.500% 2.571%
NMLS 595144
  • 1Maximum term is 30 years.
Table data for Mortgage - FHA Rate
 10-20-2020
Term Points Rate (as low as) APR Alert Me
30 years 0 3.000% 3.272%
APR calculations are based upon a purchase with 680 credit score, 3.5% down payment, a loan amount of $96,500 and all applicable prepaid charges. NMLS 595144
Table data for Mortgage - JUMBO Adjustable Rate
 10-20-2020
Term Points Rate (as low as) APR (as low as)1 Alert Me
1/1 Adjustable 0 3.500% 2.492%
3/1 Adjustable 0 2.750% 2.577%
5/1 Adjustable 0 2.750% 2.533%
7/1 Adjustable 0 2.750% 2.575%
10/1 Adjustable 0 2.750% 2.630%
Loan Amounts from $510,400 up to $1,000,000. All jumbo loans require a minimum of 20% down payment. Rates vary according to credit score. Term is 360 months.
  • 1Annual Percentage Rate (APR) calculations are based upon a purchase transaction with a loan amount of $510,400, 20% down payment, credit score of 740 and all applicable prepaid charges.