There are many types of home loans to choose from
GET THE MORTGAGE THAT FITS YOUR NEEDS
Adjustable Rate Mortgage (ARM)
An adjustable rate mortgage may be good for you if you plan to sell or refinance you home within the initial fixed-rate period, typically, seven years.
Highlights of Adjustable Rate Mortgage Loans:
- Lower initial monthly payments
- Borrowers who don’t plan on living in one place for long
- Fluctuating rates and payments
Bridge Loan
A bridge loan could help you buy a new home before selling your current one by providing short-term financing to cover the gap.
Highlights of Bridge Loans:
- No need for contingent offers
- Fast access to funds
- Smooth transition between homes
Condo Loans
If you’re planning to purchase a condominium. A condo loan could be good for you.
Highlights of Condo Loans:
- Lower initial monthly payments
- Option for borrowers who don’t plan on living in one place for long
- Fluctuating rates and payments
Conventional Loans
If you have good credit and steady income, a conventional loan could be good for you.
Highlights of Conventional Loans:
- Variety of down payment solutions from 3%-20%
- Mortgage insurance flexibility
- Less restrictive property guidelines
Fannie Mae Homeready
If you need a low down payment, flexible credit requirements, and reduced mortgage insurance costs.
Highlights of Fannie Mae Homeready Loans:
- Low down payment options starting at 3%
- More flexible credit requirements
- Reduced mortgage insurance costs compared to other loans
FHA Loans
An FHA loan could be a good option if you have a lower credit score, smaller down payment, or higher debt-to-income ratio.
Highlights of FHA Loans:
- Low down payment of 3.5%
- Flexible income and credit requirements
- Use of gift funds and grants as source of down payment
Freddie Mac Home Possible
Freddie Mac Home Possible offers low down payments and flexible terms for affordable homeownership.
Highlights of Freddie Mac Home Possible Loans:
- Down payment as little as 3%
- Flexible credit requirements
- Refinancing options for existing homeowners
Home Equity Loans
If you need to borrow money against your home, a second mortgage, or home equity loan, could give you access to funds you need.
Home Equity Loan options include:
- Piggyback (80-15-5) Loans
- Home Equity Line of Credit (HELOC)
Jumbo Loans
A jumbo loan could be good for you if you have good credit but don’t have enough funds to bring the home loan amount under the conforming loan limit.
Highlights of Jumbo Loans:
- Ability to purchase more home
- Higher purchase limits
- Available for primary, second homes or investment properties
New Construction Loans
If you want the flexibility to customize your home from the ground up, a new construction loan with one-time closing could be good for you.
Highlights of New Construction Loans:
- One closing for lot acquisition and construction
- Primary residences only
- Variety of construction loan products
Non-QM Loans
If you do not meet the traditional mortgage loan requirements, a non-qm loan could help you attain homeownership.
Highlights of Non-QM Loans:
- Less stringent income documentation
- Lower credit options
- Flexible income source requirements
Refinance
If you have a mortgage, you may want to refinance it at some point in the future to meet a variety of personal and financial needs.
Highlights of Refinancing:
- Lower your mortgage payments
- Consolidate your debt
- Cash-out on your equity
- Keep payments from rising
Renovation Loans
A renovation loan could be good for you if you want to make improvements to a home.
Highlights of Renovation Loans:
- Renovation costs can be wrapped into home loan
- Options for minor and major renovation
USDA Loans
If you are looking to purchase a home in a rural area, a USDA home could be right for you. This program helps eligible low-to-moderate-income families achieve homeownership by offering 100% financing.
Highlights of USDA Loans:
- $0 down payment
- Lower credit requirements
- Use of gift funds and grants as source of down payment
VA Loans
VA loans provide affordable homeownership options to eligible service members, Veterans, and surviving spouses.
Highlights of VA Loans:
- 100% financing with full VA entitlement
- No private mortgage insurance
- Fixed, adjustable-rate, and refinance options available
Go Direct FHA 100 Mortgage Financing
The Go Direct FHA 100 allows qualified buyers to finance 100% of a home purchase
by adding a second lien to a standard FHA loan to cover the typical 3.5% down payment.
Highlights of the Go Direct FHA 100 Loan:
0% Down Payment
Standard FHA Guidelines
Second Lien Financing
WHAT SOME OF OUR HAPPY CLIENTS HAVE TO SAY
Simplify the loan process and get expert advice
-Borndavid
Jessica was absolutely amazing to work with from start to finish. She was consistently prompt with her communication, professional, and genuinely committed to making the entire process as smooth as possible for us. Her guidance, clarity, and attention to detail made a huge difference and helped everything move forward effortlessly.
We truly appreciate all of her hard work and dedication. We will definitely work with Jessica again in the future and highly recommend her to anyone looking for exceptional service!
Highly recommend!
Our loan officer, Amber Vaziri, was an incredible guide, walking us through every step and patiently answering our many questions. They were always available, responding to our requests and inquiries promptly, which was invaluable during such an important time. This level of communication and personal attention made a huge difference.
DMI went above and beyond to ensure we understood our options and helped us secure the best possible deal for our situation. The level of professionalism, expertise, and genuine care we received was truly exceptional.
1. Advocating for us - When working with would-be sellers, Direct Mortgage was proactive in supporting us with pre-approval letters, turning these around quickly. They would answer any questions from the sellers; I never worried about Direct Mortgage being slow to respond. Their team vouched for us as buyers, which gave us strong offer packages, and contributed to our success.
2. Sophisticated use of data and technology - The emails we received from Direct Mortgage were helpful without being overbearing; their online portal was easy to navigate. When doing an initial consultation and in later calls, Hillary showed us how our different numbers (loan interest rate, down payment, number of points, etc.) would result in our different final package, timeline for breaking even, etc; this was very different than the approach other lenders took. As first time home buyers, it helped educate us and inform us about our options, so we could make the right decisions for us.
3. Hillary was responsive the whole time. We had tons of questions and what-if scenarios we wanted to understand, and Hillary answered all of these, showing her expertise and excellent communication. Whether on the phone, email, or a quick text, Hillary provided us the information needed in a friendly and professional manner.
Whether you’re a first-time borrower or not, Andy is someone you can trust to guide you through the process with professionalism and ease. I truly appreciated the personalized attention and dedication they provided—if you need a loan officer who’s got your back, look no further!
The Application was very simple to navigate.
Thank you!
His expertise and professionalism were evident from our very first conversation. Joe took the time to explain every detail, ensuring we fully understood our options and what to expect. He was always available to answer our questions and provide guidance, making us feel supported every step of the way.
Thanks to Joe's diligence and commitment, we were able to secure our mortgage quickly and confidently. His proactive approach and attention to detail made a significant difference, and we truly felt like we were in the best hands.
We can’t recommend Joe highly enough to anyone looking for a lender who will prioritize your needs and work tirelessly for your success. Thank you, Joe, for helping us achieve our dream of homeownership without a hitch!
You've definitely found the right mortgage company Mrs Vanessa and her team made my loan process quick and easy! I definitely couldn't have asked for better assistance, they truly came through for my family and i.
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