The FirstREX Homebuyer program offered through First Cal is designed to provide affordable financing options to consumers. The opportunity to offer the product has expanded to the east coast, as Redwood Mortgage Services, one of First Cal’s approved mortgage brokers, will now be offering the FirstREX Homebuyer program in Maryland.

“In Maryland, even families with strong incomes can have a hard time coming up with a down payment for a home in a top school district,” said C. Stuart Kiehne, president of Redwood Mortgage Services. “That's particularly true near Washington, but extends to parts of the Baltimore region as well.”

FirstREX contributes half of a down payment (up to 10 percent) on a home. This allows for more customers to qualify for the home they want as well as provide more flexibility when it comes to their down payment. By offering brokers like Redwood Mortgage Services access to this unique product, First Cal is able to reach and help more borrowers achieve the dream of homeownership.

For more information about Redwood Mortgage Services' launch of the FirstREX Homebuyer Program, read the full article on the Baltimore Sun’s website.

About First Cal

Founded in 1977, First California Mortgage Company (First Cal) is a full-service home mortgage lender whose family-run roots instill a personalized approach to its commitment of offering the best loans and customer service in the industry. First Cal, NMLS #24055, is an approved seller-servicer with Fannie Mae and Freddie Mac, and an approved I&II issuer with Ginnie Mae. Based in Petaluma, Calif. and active in more than 20 states, First Cal is ranked as a Top 100 lender by Mortgage Executive Magazine. Its innovative Diamond Lane™ service for qualified borrowers enables closing within 21 to 25 days, sometimes faster. For more information on First Cal and its loan products, call 855-592-LOAN or visit us at www.FirstCal.net.

About FirstREX

FirstREX is a San Francisco-based consumer solutions company dedicated to providing homeowners with smart new financing alternatives and more control over their financial lives without the use of debt. Founded in 2004, FirstREX makes long-term investments in individual residential properties through innovative programs like REX HomeBuyer, which provides a portion of the down payment needed to purchase a home.