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First Mortgage Direct Review 2022

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At a glance

First Mortgage Direct

NMLS: 757416


Rating: 4.1 stars out of 5
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Bankrate Score

Mortgage Percent

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 California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Kansas, Maryland, Missouri, Nebraska, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington

Credit Good

Min. credit score required

620 for conventional loans; 580 for FHA loans; 580 for VA loans

Pros and cons

Checkmark Pros

  • Borrowers assigned readily available loan officer to work with via phone or email
  • No origination or hidden fees
  • Loans for purchases, first-time homebuyers and refinancing

Close X Cons

  • Not available in every state
  • 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, with loan officers available to consult with and educate clients throughout the financing process. Notably, the lender doesn’t charge origination fees or other hidden costs, nor participate in any gimmicky specials or limited-time offers. Typically, qualified borrowers can obtain a preapproval within 48 hours, and purchase loans generally close within 30 days (refinances within 60). First Mortgage Direct is currently licensed in 20 states.

Good for

Borrowers looking for fast preapprovals, responsive email support and a variety of mortgage options

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing
  • Home equity loan
  • Investment property

Lender fees

First Mortgage Direct doesn’t charge any lender fees. Borrowers can choose to pay discount points for a lower rate.


First Mortgage Direct advertises rates on its website. Your individual rate will depend on your circumstances, such as loan amount, credit profile and down payment.

Online services

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 one to 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.

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 at least 3 percent available for a down payment. Borrowers cannot exceed a debt-to-income ratio (DTI) of 50 percent for a conventional loan.

For FHA, VA and USDA loans, those requirements are set by the government. You can find them here:

Refinancing with First Mortgage Direct

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.

Not sure if First Mortgage Direct is right for you? Consider these alternatives

Breakdown of First Mortgage Direct overall review score

  • Affordability: 3/5
  • Availability: 5/5
  • Borrower experience: 4.3/5

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.

First Mortgage Direct consumer reviews


NMLS: 757416


Rating: 4.7 stars out of 5

200 reviews

5 stars
4 stars
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About consumer ratings

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Customer service rating

Rating: 4.7 stars out of 5
Level of service
Rating: 4.7 stars out of 5
Rating: 4.7 stars out of 5
Rating: 4.7 stars out of 5

92% of reviews would recommend this lender

10 of 10 rates honored

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Write a review of your experience with First Mortgage Direct.

of 15 reviews

The consumer reviews posted on ("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.

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Written by

Jeff Ostrowski

Senior mortgage reporter

Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.

Edited by

Suzanne De Vita

Arrow Right

Mortgage editor