Direct Home Lending Mortgage Review 2021

By Erik J. Martin

Please note: In response to the coronavirus pandemic, lenders are changing their requirements continuously. Although we strive for accuracy at the time of publication, please be sure to check with the lender for updated details on down payments, credit scores, etc.

At a glance

Direct Home Lending

4.0

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Bankrate Score

Find your mortgage match

Get paired with your best mortgage offers in 2 minutes or less.

Find my best matches
Mortgage percent icon

Loans offered

Conventional fixed-rate and adjustable-rate (ARMs) mortgages, jumbo, FHA, VA, reverse mortgages; refinancing options include rate-and-term refinancing, cash-out refinancing and streamline (FHA/VA)
Location Icon

Nationwide availability

Available in California, Colorado, Oregon and Washington
Credit good icon

Min. credit score required

640 for conventional loans; 680 for jumbo loans; 550 for FHA loans; 550 for VA loans

Pros and cons

Pros

  • Underwriting approval in 24 hours or less for most loans
  • Closings usually within 14 days
  • Competitive rates and pricing
  • Zero-closing cost options available
  • Website provides free personalized rate quote

Cons

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

Direct Home Lending overview

Direct Home Lending, founded in 2006, is an online and brick-and-mortar lender that offers loans in California, Colorado, Oregon and Washington. Legally known as PIC Capital, Inc., Direct Home Lending is headquartered in Corona, California. “Our company mission is to make lending a better experience,” says Direct Home Lending President and CEO Brian Sardarizadeh. “To accomplish this, our focus is on technology and customer service. We also pride ourselves in helping borrowers to clear obstacles that can challenge their ability to secure a loan.”

Loan types

  • Conventional fixed-rate and adjustable-rate(ARMs) mortgages
  • Jumbo
  • FHA
  • VA
  • Reverse mortgages
  • Rate-and-term refinancing
  • Cash-out refinancing
  • Streamline (FHA/VA)

Lender fees

Lender fees vary depending on loan type.

Minimum borrower requirements

Direct Home Lending adheres to the conforming loan requirements and underwriting guidelines for mortgages approved by GSEs Fannie Mae, and Freddie Mac, as well as those backed by the FHA and VA. Requirements will vary based on the loan and borrower. In general, minimum FICO scores, minimum down payment and maximum debt-to-income ratio (or DTI, the percentage of your monthly gross income used to pay debts) can range from, respectively:

  • Conforming loans up to $548,250: 620 credit score minimum5 percent down, 50 percent DTI
  • Jumbo loans up to $2.5 million: 680 credit score minimum, 5 percent down, 43 percent DTI
  • FHA loans: 600 credit score minimum3.5 percent down, 55 percent DTI
  • VA loans: 600 credit score minimum, zero percent down, 55 percent DTI

Government requirements for FHA and VA loans are detailed here:

Other mortgage lender reviews:

Find your mortgage match

Get paired with your best mortgage offers in 2 minutes or less.

Direct Home Lending consumer reviews

4.8

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

19 reviews

5 stars
4 stars
3 stars
2 stars
1 stars
18
0
0
0
1

Customer service rating

Knowledge
4.8
Level of service
4.9
Professionalism
4.7
Responsiveness
4.7

95% of reviews would recommend this lender

0 of 0 rates honored

Review this lender

Write a review of your experience with Direct Home Lending.

3 of 3 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.

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

Great rate, fast processing, lowest cost

Bob | North Central Washington | 2/14/2021

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

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

  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon
  • star icon

DO NOT USE THEM - THE WORST!

Jimmy | Southern California | 12/6/2020