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First Mortgage Direct is good for borrowers interested a fast preapproval and a variety of mortgage options.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity loan; investment property
Min. credit score required
620 for conventional loans, 580 for FHA loans, 580 for VA loans
Nationwide availability
Available in all U.S. states
Min. down payment
3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans
The customer 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. Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
It was a pleasure to talk with the lender who was very friendly and informative. All in all a great experience.
David
Nashville (Sep 20, 2022)
I'm over the moon with my experience at First Mortgage Direct. From the initial phone call, all the way through closing, I was blown away by the knowledge and dedication this team provided. They answered all my questions with ease and a smile and I could not be more grateful for that support during,...
Fast, efficient, friendly.
Kansas City, MO (Sep 13, 2022)
NMLS: 757416
4.7
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity loan; investment property
Nationwide Availability
Available in all U.S. states
Min. credit score required
620 for conventional loans, 580 for FHA loans, 580 for VA loans
Customized online quote tool
No origination or hidden fees
Readily available loan officers via phone or email
Preapprovals take slightly longer compared to other lenders
Not accredited by the Better Business Bureau
First Mortgage Direct is good for borrowers interested a fast preapproval and a variety of mortgage options.
Like many online-based lenders, First Mortgage Direct doesn’t charge an origination fee, so you’ll save some money on closing costs. The specific rate you receive with First Mortgage Direct will depend on your circumstances, such as loan amount, credit profile and down payment.
First Mortgage Direct provides conventional loans as well as government-insured loans (FHA, VA and USDA), along with options to refinance your existing mortgage. It also offers investor loans. It is licensed to lend to borrowers in all 50 states.
First Mortgage Direct was founded in 2008 and has since funded $5.25 billion in loan volume. The lender is not accredited by the Better Business Bureau.
Borrowers can apply for a loan online through First Mortgage Direct’s website and are able to ask questions throughout the process via email or phone. The lender offers online preapprovals within two days, and its website features a selection of calculators, including rent versus own, debt consolidation and home closing costs, to help you weigh different scenarios.
If you have questions about a loan, loan officers are available Monday through Friday from 8 a.m. to 5 p.m. CT.
First Mortgage Direct offers rate-and-term, cash-out and streamline refinancing, and you can apply for a refinance online. There are no lender fees, but you’ll have to pay for third-party services, such as the appraisal.
NMLS: 757416
4.7
200 ratings
This lender has 9 reviews.
92% of customers would recommend this lender.
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.
Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
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.
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?