All loans subject to underwriting approval. Certain restrictions apply. Contact us for details.
Fair Lending Policy
InterFirst Mortgage Company is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agencies that administer our compliance with these federal laws are the Consumer Financial Protection Bureau, 1700 G Street, NW, Washington, DC 20552, and the Federal Trade Commission, Equal Credit Opportunity, 600 Pennsylvania Avenue, NW, Washington DC 20580.
I am Jewish and wish to obtain a mortgage with Interfirst. Does Interfirst have a Heter Iska that complies with the laws of Ribbis?
Yes, Interfirst offers a Heter Iska that is approved by prominent leading Halachic authorities.
How does it work?
For any mortgage loan made to you by Interfirst as detailed on the note and all other mortgage loan documents that may violate the Laws of Ribbis, the mortgage loan will instead be structured as an investment. In exchange for the mortgage funds, you will manage your real estate and other Halachically permissible investments in the way most advantageous to Interfirst, and Interfirst will share any profits and losses from the investment. Under no circumstances will Interfirst have any liability above the actual funds advanced. If you make all your payments as provided in the Note, then the Iska terminates and all profits and losses may be retained by you. The Iska will also terminate when Interfirst sells the mortgage loan to a party not subject to the Laws of Ribbis.