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Direct Home Lending Mortgage Review 2022

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At a glance

Direct Home Lending

5.0

Rating: 5 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; investment property; reverse mortgages

Location

Nationwide Availability

Available in Arizona, California, Colorado, Connecticut, Florida, Georgia, Oregon, Pennsylvania, South Carolina, Texas and Washington

Credit Good

Min. credit score required

620 for conventional loans; 680 for jumbo loans; 600 for FHA loans; 600 for VA loans

Pros and cons

Checkmark Pros

  • Only available in some states
  • Doesn’t offer USDA loans
  • Doesn’t offer home equity loans or home equity lines of credit (HELOCs)

Close X Cons

  • Doesn’t offer USDA loans
  • Doesn’t offer home equity loans or home equity lines of credit (HELOCs)
  • Only available regionally

Direct Home Lending overview

Direct Home Lending, founded in 2006, is an online and brick-and-mortar lender that offers loans in some states. The lender offers 24-hour approvals and closes most loans within 30 days, and also advertises 14-day purchase closings. Direct Home Lending focuses highly on customer service, such as allowing you to pay off your loan at any time with no penalty or helping investment property loan borrowers find a real estate agent.

Direct Home Lending is good for

Borrowers in certain states looking for low-down payment loan options and online convenience<hr />

Breakdown of Direct Home Lending overall score

  • Affordability: Direct Home Lending’s website offers an online quote tool outlining rates and fees for various loan terms. The rates are very competitive compared to Bankrate’s averages (provided you’re a well-qualified borrower).

  • Availability: This lender works with borrowers in a limited number of states, so check before you apply.

  • Borrower experience: You can initiate a request for a rate quote and apply for a mortgage via the Direct Home Lending website.

Methodology

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Affordability: 5/5

You can see purchase or refinance rates and fees through Direct Home Lending’s online quote tool simply by filling out fields with the ZIP code of the property, the purchase price, down payment amount and your credit score range.

Availability: 5/5

Direct Home Lending isn’t available in all states; it currently operates in Arizona, California, Colorado, Connecticut, Florida, Georgia, Oregon, Pennsylvania, South Carolina, Texas and Washington. The lender offers conventional mortgages, jumbo loans and VA and FHA mortgages. It also offers loans on investment properties as well as reverse mortgages for older homeowners.

Borrower experience: 4.9/5

Direct Home Lending isn’t accredited by the Better Business Bureau, but has an A+ rating from the organization.

In the online application process with this lender, you can look through the details of each loan, including fees and points, apply directly and get conditionally approved within minutes. The lender offers 24-hour approvals and closes most loans within 30 days, and also advertises 14-day purchase closings.

Refinancing with Direct Home Lending

You can use Direct Home Lending’s online refinance quote tool to see rates and fees, or call or email the lender’s Fast Lending team, who can advise you on which mortgage refinancing program meets your needs.

Alternatives to Direct Home Lending

Direct Home Lending consumer reviews

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4.8

Rating: 4.8 stars out of 5

20 reviews

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Customer service rating

Knowledge
Rating: 4.8 stars out of 5
4.8
Level of service
Rating: 4.9 stars out of 5
4.9
Professionalism
Rating: 4.8 stars out of 5
4.8
Responsiveness
Rating: 4.8 stars out of 5
4.8

95% of reviews would recommend this lender

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Written by

Josephine Nesbit

Josephine Nesbit is a former contributor to Bankrate.

Edited by

Suzanne De Vita

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Mortgage editor