Historic low mortgage interest rates make now a great time to refinance. With our in house processing and in house under writing, we can close your FHA mortgage in little time.

FHA Loan Limits have increased to $729,250.00 Call me and I will tell what the loan limits are in your area.

Jim Clements-The FHA Expert

FHA offers several different options to homeowners who are considering and FHA mortgage:

  • Cash Out Refinancing
  • Rate / Term Refinancing
  • Streamlined Refinancing

Cash out refinance:

Cash out refinance allows homeowners the benefit of utilizing the max amount of equity in their homes to pay off other debt or for personal use.

Rate/Term refinance:

A rate term refinance allows you to refinance your existing mortgage up to 97.75% of the current home value. You can refinance your current adjustable rate to a FHA low fixed rate.

Streamlined refinance

Streamlined refinance allows you to reduce your current interest rate and lower your current monthly mortgage payment on your home loan quickly and often times without an appraisal. The streamlined refinance applications are one of the easiest applications you will ever fill out.


  • Appraisal
  • Credit Underwriting
  • Qualifying Debt Ratios
  • Income Verification
  • Face-to-face Application

FHA Purchase

  • Your down payment can be as little as 3.5% of the price of your home
  • FHA allows seller concessions up to 6% of your home purchase price
  • First time home buyers can receive a tax credit up to $8,000! “First time home buyers” includes anyone who hasn’t owned a home in the past three years.
  • New increased loan limits up to 729,750 in some areas
  • FHA allows purchases 2 years after a Bankruptcy
  • FHA allows purchases 3 years after a foreclosure

Jim’s Contact Information

1st Financial

703 Bestgate Road

Annapolis, MD 21401

Toll Free: 1-855-823-9778

Fax: 410-956-0026

Contact Jim

You can give Jim a call at 1-800-345-1461 or you can just send some information to him right now by filling in this quick and easy form. Jim will look over your form and see what he can do for you before calling you back when it’s convenient for you.

Contact Jim over the Internet

Call Jim Now!

(855) 823-9778

"Lisa, Rico, and Jim Clements, owner of 1st Financial,

Thank you for helping me get my FHA loan, which helped me to payoff my $19,000 federal tax lien and my two credit cards. The money that I am saving monthly will go into an investment account to help me retire a little earlier. Thanks to the $14,000 cash out I received, I am living a lot more comfortable and I am not stressed out with constant bills on top of my wages being garnished from the federal debt. Thanks for a new life!!!


David Kane-Leonardtown, MD

We would like to thank Diane and Jim Clements, the owner of 1st Financial for refinancing out home with an FHA loan. I have even referred my mother to use your services. You made the process as quick as possible and made sure to communicate all aspects of the loan process to us during both refinances. We would not hesitate to recommend the folks at 1st Financial to anyone who might be in ndeed of their services.

Jody and Blair Kakacek-Baltimore, MD

The people at 1st Financial did a remarkable job in getting us a fixed, lower interest rate, lower payments on an FHA loan and we were able to payoff a lot of our debt. They helped us to save over $700 per month!! We are in a much better place financially and we will be able to better afford our retirement years because of their help.

Donald and Sheila Gianetti-Glen Burnie, MD

I would like to take the time to thank Gary, Rick, Denise and Jim Clements, the owner of 1st Financial for all of their hard team work. Gary has devised a plan to help me with long term goals to achieve credit stability and worthiness in the next twelve to sixteen months, showing me how it’s going to be done through refinancing my loan and paying down my revolving debt and lowering my overall monthly expenses. Rick has helped him the whole way by making sure everything was prepared properly and even conforming to my schedule and meeting me after work at 12:30 at night to get some additional documentation. Denise was very persistent with my old mortgage company on getting my payoff and getting my loan processed so I could close my loan in the time that was necessary to meet my needs. I thank all of you and look forward to working with you in the future.

Angelo Migliorisi-Glen Burnie, MD

I would like to thank Gary, Denise and Jim Clements, owner of 1st Financial for all of their help and professionalism. It was a pleasure working with Gary Quesnel. He was very informative and professional and he explained everything to me so I understood it. I will be glad to tell my friends about your company and refer them to Gary so he can help them with their finances the way he helped me. I would also like to thank Denise, who processed my loan at 1st Financial. She was very polite and courteous and without her hard work we would not have been able to close in the time we did. I appreciate all the hard work and look forward to doing business with you all in the future.

Kenny Younes-Crofton, MD