Variety of Mortgage Solutions
Typically viewed as the 20% down mortgage solution, conventional loans come in all shapes and sizes. Most conventional financing is done with 3-5% down! Direct Mortgage Loans offers a variety of conventional loan products that provide advantageous benefits for our borrowers.
- Range of down payment options
- Eliminate mortgage insurance with 20% down payment
- Less restrictive property guidelines
Interested in a conventional loan but low on down payment funds?
- Our Fannie Mae HomeReady option may work best for you!
HomeReady is an affordable housing program that offers eligible homebuyers with a stable job and good credit history, the opportunity to purchase a home with a 3% down payment.
- Most competitive pricing for credit scores >=680
- Reduced mortgage insurance premium
- Flexible use of gift funds and grants for down payment