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Direct Home Lending is good for borrowers in certain states looking for low-down payment loan options and online convenience.
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Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
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Loans offered
Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; refinancing; investment property; reverse mortgages
Min. credit score required
620 for conventional loans; 680 for jumbo loans; 600 for FHA loans and VA loans
Nationwide availability
Arizona, California, Colorado, Connecticut, Florida, Georgia, Oregon, Pennsylvania, South Carolina, Texas and Washington
Min. down payment
3%-5% for conventional loans; 3.5% for FHA loans; none for VA loans
5.0
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; refinancing; investment property; reverse mortgages
Nationwide Availability
Arizona, California, Colorado, Connecticut, Florida, Georgia, Oregon, Pennsylvania, South Carolina, Texas and Washington
Min. credit score required
620 for conventional loans; 680 for jumbo loans; 600 for FHA loans and VA loans
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.
Only available in some states
Doesn’t offer USDA loans
Doesn’t offer home equity loans or home equity lines of credit (HELOCs)
Doesn’t offer USDA loans
Doesn’t offer home equity loans or home equity lines of credit (HELOCs)
Only available regionally
Direct Home Lending is good for borrowers in certain states looking for low-down payment loan options and online convenience.
To determine Direct Home Lending’s Bankrate Score, Bankrate’s editorial team rated it and other 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.) We derived its overall score by considering three basic factors:
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.
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.
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.
You can apply for a purchase loan or refinance on Direct Home Lending’s website or app. You can also call 800-575-3468. Here are some tips to prepare for the process:
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.
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Rating: 5 stars out of 5
5.0
Bankrate Score
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Loans offered Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; refinancing; investment property; reverse mortgages |
Loans offered Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term and cash-out refinancing; construction and renovation loans |
Loans offered Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity loan; investment property; flex-term |
Min. credit score required 620 for conventional loans; 680 for jumbo loans; 600 for FHA loans and VA loans |
Min. credit score required 620 for conventional loans, 700 for jumbo loans, 580 for FHA loans, 620 for VA loans |
Min. credit score required 620 for conventional loans, 680 for jumbo loans, 580 for FHA loans, 580 for VA loans |
Down payment 3%-5% for conventional loans; 3.5% for FHA loans; none for VA loans |
Down payment 3.5% for FHA loans |
Down payment 3% for conventional loans; 10%-15% for jumbo loans; 3.5% for FHA; none for VA loans |
Nationwide availability Arizona, California, Colorado, Connecticut, Florida, Georgia, Oregon, Pennsylvania, South Carolina, Texas and Washington |
Nationwide availability Available in all U.S. states |
Nationwide availability All U.S. states |
4.8
20 ratings
This lender has 0 reviews.
95% of customers would recommend this lender.