Are you looking to build your dream home? Construction loans offer you the flexibility to cover the cost of building materials, contractor fees, and other expenses that come with the construction process.

A fixed-rate or adjustable-rate mortgage (ARM).

A fixed-rate mortgage offers the same rate over the life of the loan and is available in terms of 10, 15, 20, or 30 years.

An adjustable-rate mortgage sets an initial rate for a predefined time, after which it could be raised or lowered at set intervals based on economic factors.

FHA offers more flexibility than ever, making homeownership a reality for many. Even if you have less-than-perfect credit, FHA-insured home loans are available. If you have filed for bankruptcy, you may still be considered for a loan if you have established good credit for at least two years after discharge.* Additionally, interest rates for FHA-insured loans tend to be lower than those of conventional mortgages.

*First Commonwealth will review qualifications and other program requirements with you.

First Commonwealth offers the First Front Door program for first-time homebuyers, funded by FHLBank Pittsburgh, for first-time homebuyers. By contributing a minimum of $1,500 toward the down payment and closing costs, eligible homebuyers may qualify for a maximum grant of $15,000. 

Application window will open April 7, 2026.
*First Front Door funds are available on a first-come, first-served basis. Restrictions may apply.

Learn more about First Front Door

First Front Door Keys to Equity (Keys) is a first-time homebuyer grant program funded by FHLBank Pittsburgh designed to enhance homeownership access for minority and first-generation first-time homebuyers.  By contributing a minimum of $1,500 towards down payments and closing costs, eligible homebuyers enrolled in the Keys program may qualify for a grant of up to $15,000.

Application window will open May 19, 2026.
*First Commonwealth will review qualifications and other program requirements with you.

Learn more about Keys

A HomeReady^® mortgage is an excellent option for first-time home buyers and borrowers who may not qualify for traditional financing.

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

*First Commonwealth will review qualifications and other program requirements with you.

A conventional mortgage option for amounts between $726,200 and up to $1,000,000, with a 20% down payment requirement.

We have mortgage options for commercial property purchases, residential rental properties/investment properties, and refinancing options.

The Professional Mortgage Loan (PML) was designed to empower young qualified professionals burdened with significant college debt and limited savings to acquire a home. This unique loan allows home financing with fewer restrictions than our conventional mortgage offerings. 

If you’re a PA or NJ Professional with a credit score greater than 699*, you could take advantage of up to $1 million in financing to purchase a primary residence in either PA or NJ.

Program Features: 
• As little as 3% down
• No mortgage insurance required
• Fixed and adjustable rates
• Deferred student loan payments may be excluded from debt-to-income

Eligible Professions Include: 

*First Commonwealth will review qualifications and other program requirements with you.

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.