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About Us
First Option Financial is an independent mortgage brokerage firm based in
beautiful Pittsburgh, PA specializing in residential and commercial mortgages.
We are licensed by the PA Department of Banking. At First Option, we make the
financing easy.
When applying for a mortgage, especially as a first time homebuyer, often times
"you don?t know what you don?t know". We spend as much time as our customers
need to thoroughly understand the mortgage process.
We strive to develop enduring relationships with our clients by tailoring our
professional services for each customer?s needs and we return phone calls
quickly. Being a privately held mortgage brokerage, we are not beholden to any
one lender. We "shop" for our customers to ensure they are getting the best
value for their money.
Some of our products include (but are not limited to):
Residential
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Conventional fixed rate and adjustable rate mortgage loans.
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Non-conforming loans (including Jumbo)
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Home Equity Lines of Credit and 2nd mortgages
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New Construction loans
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Re-hab loans
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Investment property purchases and refinances
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Sub-prime loans
Commercial
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Mixed use properties
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Specializing in properties that do not meet traditional Debt-Service-Ratio
requirements
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90% loan to value programs
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Multi-Family
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Properties owned in a corporation or trust
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Loans turned down by traditional banks
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Office, Retail, Warehouse, Light Industrial, Mobile Home Parks, Bed &
Breakfasts, Self-Storage, and Churches....to name a few.
Reverse Mortgages
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Federally regulated program allowing seniors to tap into their home equity with
minimal qualifying criteria.
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Instead of paying a monthly payment to a lender (as with a regular mortgage),
the lender pays the customer.
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Funds can be accessed three ways: 1) line of credit, 2) lump sum or 3) monthly
distribution.
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Three main eligibility requirements: 1) must be 62 years or older, 2) must live
in the home, and 3) must own the home free and clear or have a low mortgage
balance.
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