December 1, 2005

Membership Type


First Mortgage Company

The First Mortgage Company (FMC) is the first private residential mortgage finance company in Armenia which is licensed and regulated by the Central Bank of Armenia. Since the establishment in 2004, FMC’s mortgage lending programs have been successfully running in Armenia.

FMC’s mission is to develop Armenia’s housing market through Investing in Communities of Armenia. FMC’s goal is to provide high quality lending services to satisfy customer’s constantly changing needs and to fulfill people’s dream of building or buying a new home.

FMC is a Partner Financial Institution in a mortgage refinance program funded by KfW Bank and administered by the Central Bank of Armenia. FMC is a leading mortgage lender in this project.
FMC is partnering with Habitat for Humanity International to originate and service mortgage loans to lower income groups across Armenia.

FMC has recently concluded a loan agreement with the Overseas Private Investment Corporation, an agency of the U.S. Government, which has started direct disbursement of multi-million dollar credit facility to FMC. The FMC will originate mortgage loans to middle and upper-middle income families under this facility.

FMC has recently concluded a Portable Loan Guarantee Commitment Agreement with USAID and the Development Credit Authority that will partially guarantee a multi-million dollar credit facility to FMC. FMC will use the proceeds of the loan to originate mortgage loans to low and middle income families in Armenia. FMC is a well recognized mortgage lender in Armenia.

Managing Partner/CEO

David Atanessian