Direct Home Lending Mortgage Review 2022
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At a glance

5.0
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; investment property; reverse mortgagesNationwide availability
Available in Arizona, California, Colorado, Connecticut, Florida, Oregon, Pennsylvania and WashingtonMin. credit score required
620 for conventional loans; 680 for jumbo loans; 600 for FHA loans; 600 for VA loansPros and cons
Pros
- Underwriting approval in 24 hours or less and purchase closings in 14 days
- Zero-closing cost options available
- Jumbo loans up to $10 million
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 Arizona, California, Colorado, Florida, Oregon, Pennsylvania and Washington. Legally known as PIC Capital, Inc., 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.
Good for
Borrowers in certain states looking for low-down payment loan options and online convenience
Loan types
- Conventional
- Jumbo
- FHA
- VA
- Fixed-rate
- Adjustable-rate
- Rate-and-term, cash-out and streamline refinancing
- Investment property
- Reverse mortgages
Lender fees
Direct Home Lending’s lender fees vary depending on loan type and can include an underwriting fee.
Rates
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. From there, you can look through the details of each loan, including fees and points, apply directly and get conditionally approved within minutes.
Online services
Direct Home Lending offers a digital mortgage experience that allows you to get prequalified and apply for a loan online. You can also get a free quote online to see rates and fees with no personal information necessary, and the lender’s website features a mortgage calculator. When you’re ready to apply, you can complete an online application in as little as 15 minutes and upload bank statements, e-sign disclosures and communicate with all parties involved in the transaction through Direct Home Lending’s digital mortgage platform.
Minimum borrower requirements
Direct Home Lending adheres to the conforming loan requirements for mortgages approved by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, as well as those backed by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA). For conventional loans, these key requirements include good credit (typically a FICO score of 620 or higher) and a minimum down payment of 3 percent. However, anything less than 20 percent down will trigger a requirement for the borrower to pay for private mortgage insurance (PMI). Borrowers must also have a debt-to-income ratio (DTI) of no more than 50 percent.
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.
Not sure if Direct Home Lending is right for you? Consider these alternatives
- Movement Mortgage review: Offers no-PMI loans
- Allied Mortgage Group review: Has flexible mortgage options like interest-only loans and loans for self-employed borrowers
- Optimum First Mortgage review: Can facilitate fast closings and offers a wide range of loan terms
- LowRates.com mortgage review: Offers a variety of loan types in the majority of U.S. states
- Ally Bank mortgage review: Can preapprove qualified borrowers in as little as three minutes
Breakdown of Direct Home Lending overall review score
- Affordability: 5/5
- Availability: 5/5
- Borrower experience: 5/5
Review 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.
Direct Home Lending consumer reviews
4.8
20 reviews
Customer service rating
95% of reviews would recommend this lender
2 of 2 rates honored
Review this lender
Write a review of your experience with Direct Home Lending.
2 of 2 reviews
The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.
To help serve you with relevant information the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Worked with Raymon Fink and loan processor Veronica. 2 rock stars! All their promises were kept and we were closed within a few weeks. I would highly recommend them. I have bought and sold many homes and have never had such a seamless and quick result.
Working with Raymon and Veronica was a pleasure! | Gig Harbor WA | 7/19/2021
As stated above we had a great experience with Bankrate because of the people we worked with were on the ball and did what they said they would! Highly recommend them!
Competitive Rates, Excellent Personalized Service, Overall seamless process
Overall A experience | Dana Point Ca | 8/13/2021
From my first contact with Blake Belshi, I felt like he was working to satisfy my needs. He offered a variety of loan options and provided solutions for possible problems. He was always responsive and proactive during the loan process. Loan processor Veronica was an absolute pleasure to work with. ...