First Mortgage Direct Mortgage Review 2021
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
NMLS: 244476
State License: MC-5877
4.6
Bankrate Score
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Find my best matchesLoans offered
Conventional, FHA, VA, USDA, 203(k), HomeStyle, investment property; refinancing options include rate-and-term refinancing; home equity loansNationwide availability
Available in California, Colorado, Connecticut, Florida, Georgia, Illinois, Kansas, Missouri, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and WashingtonMin. credit score required
620 for conventional loans; 580 for FHA loans; 580 for VA loansPros and cons
Pros
- Borrowers are assigned a readily available loan officer to work with via phone or email
- No origination fees or hidden fees
- Loans for purchases, first-time homebuyers and refinancing
Cons
- Currently only available in a small number of states
- No brick-and-mortar locations
- Limited call center hours for general inquiries
First Mortgage Direct overview
First Mortgage Direct is the online lending division of First Mortgage Solutions, a brick-and-mortar lender based in Kansas City, Missouri. The lender was founded on the principles of honesty, integrity and experience, and loan officers are available to consult and educate clients as much as possible during the process. There are no origination or hidden fees, nor does it offer any gimmicky specials or limited-time offers. It is licensed in 17 states, and according to Ryan Wiebe, president and CEO of First Mortgage Solutions, the company expects to expand in the future. Even so, however, Wiebe values the “Midwestern spirit” on which the lender was founded: “We honestly care about our clients and by expanding we hope to touch the lives of everyone across the United States.” Once borrowers complete an online application, they should hear from a loan officer and be prequalified within 24 hours. Borrowers will then work with the loan officer to complete the loan application and upload necessary financial documents. Most borrowers close within 30 days.
Loan types
- Conventional
- FHA
- VA
- USDA
- 203(k)
- HomeStyle
- Investment property
- Rate-and-term refinancing
- Home equity loans
Lender fees
First Mortgage Direct does not charge an origination fee. Borrowers may choose to pay discount points for a lower rate.
Minimum borrower requirements
Following Fannie Mae and Freddie Mac guidelines, borrowers must have a credit score of at least 620 for a conventional loan and must have at least 3 percent available for a down payment. Borrowers must have a maximum debt-to-income ratio (DTI) of 50 percent or less for a conventional loan and a maximum DTI of 57 percent for FHA loans.
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First Mortgage Direct consumer reviews
4.8
144 reviews
Customer service rating
96% of reviews would recommend this lender
0 of 0 rates honored
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10 of 38 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.
Jake Longhta is a Rockstar!
BP | Evergreen, CO | 4/1/2020
We were shopping around to refinance and saw his company offering attractive rates. I applied, Jake reached out, and we locked same day. Fluid communication and quick responses made the process quite smooth. We’re now saving $500/month! Thanks Jake and team!
Easy refinance process
Todor T | Fairfax Station, VA | 4/4/2020
Good communication and straightforward refinance process! Easy to work with and delivered rates and mortgage that was promised! Will use again if needed! Thanks
Awesome rate and easy process
Kelsey | Texas | 4/18/2020
Super easy refinance process! Chris and his team kept me updated the entire time and always responded quickly to any questions I had. I shopped around before deciding to go with First Mortgage and they were able to give me the best rate by far!
Awesome Experience
Dev Patel | Herndon, VA | 5/4/2020
We just closed our refinance with FirstMortgageDirect this week. From start to finish the process was Awesome and straight forward. We found them thru Costco Mortgage program. Our loaner officer Jake Longhta (Senior Loan Consultant) was always available from the quotes and multiple quotes and cra...
Amazing team and best service
Pravin Thirumalaisubbu | Nolensville, TN | 5/9/2020
I recently had a chance to work with First Mortgage Solution to refinance my house. I worked with Jake Longhta and team. The service was amazing. They kept me apprised on what is happening and what will happen so it was easy for me to understand the process. I did ask for quotes from different vendo...
Great Experience
Philipp S. | Woodstock, GA | 5/29/2020
Recently closed our refinance with FirstMortgageDirect. The process was easy and straightforward. Jake Longhta was great to work with. Answered all our questions and found us a great deal and the lowest rate. Once i showed the numbers Jake gave us to my previous loan company, they said it was a grea...
Efficient and professional service with great rate
Marianne | Mountain View, CA | 5/29/2020
I worked with Jake Longhta on my refinance and he made the process go as smoothly as possible. He explained each step in a way that was easy to understand, and got me a fantastic rate. I highly recommend him!
Another great experience
Josh L | Illinois | 6/11/2020
Jake Longhta helped me with my first mortgage loan on my house and he was such a great help. Now Jake helped me yet again to refinance the house he helped with before! I highly recommend Jake and his team. He makes everything easy to understand and is very quick to respond to any questions you may h...
Entirely painless
Bob | Seattle | 6/20/2020
Jake and his team were very helpful and professional throughout the process. Highly recommended.
Great Job!
Craig | Chantilly, Virginia | 6/22/2020
Jake Longhta did a great job for me with my refinance! Got a great rate with them and the process was very smooth. Jake is very knowledgeable and was able to give me clear answers to my questions. Would definitely recommend.