Buy a Home with Ease
Working with Directors Mortgage gives you the unique combination of mortgage experts providing you personalized service with access to hundreds of home loan solutions. We’ll work closely with you to understand your homeownership and financial goals to find the right home loan solution for you, all while ensuring a smooth process and service excellence.
Set Your Offer Apart From The Competition
With up to $10,000 of earnest money protection for financing with the Directors Mortgage Pre-Approval Advantage*, real estate agents and sellers will know your offer home purchase offer is solid. You can confidently put an offer on a home knowing that you’ll have the advantage over the competition to make your offer a winning offer!
Find Your Mortgage Match
Because we are both a local mortgage lender and mortgage broker, we offer hundreds of home loan solutions allowing us to personalize your home loan with our wide range of options. No two of our clients are exactly alike, and we look at the full picture to match you with the right type of mortgage to fit your needs and goals. If you’re eager to learn more about options, answering some initial questions may provide insight into some mortgage options that may work for you.
A CONVENTIONAL LOAN may be right for you:
- With 20% down, a conventional loan does not require mortgage insurance
- Option for refinancing without mortgage insurance
- Wide range of loan term options: 15-, 20-, or 30-year options
An FHA LOAN may be right for you:
- Loans insured by the Federal Housing Administration (FHA)
- Down payment options as low as 3.5%—these funds can come from a variety of sources, including gifts
- Down payment assistance may also be available
- Designed specifically for low- to middle-income borrowers, including those with credit challenges
- Monthly payments will include mortgage insurance
FHA Loans are often a good option for first-time home buyers. Visit our first-time home buyer resources for more information.
A VA LOAN may be right for you:
- Designed specifically for veterans and active-duty members of the US Armed Forces
- 100% financing with full VA entitlement. Note: Appraised property value may affect loan amount
- No private mortgage insurance (PMI)
- Service requirements may apply
- Eligible property types include single-family homes, townhomes, and VA approved condos
VA Loans are just one of the ways we can help current and former members of the US Armed Forces.
A USDA LOAN may be right for you:
- Property must be located in a USDA-approved area
- No down payment required, finance up to 100% of the appraised value
- Lower credit score requirements
- Loans guaranteed by the US Department of Agriculture (USDA)
- Monthly payments will include mortgage insurance
- Allows for gift funds used for closing costs
A JUMBO LOAN may be right for you. Ideal for borrowers with good credit who need more funds than the FHFA’s current conforming loan limit*.
- Specifically for loans that exceed the current year’s conforming loan limit*
- Options for primary residence, second home, or rental property
- Down payment options as low as 10.01% for a primary residence
- No mortgage insurance fees added to monthly payments
*Conforming loan limits are subject to change from year to year and may also vary by zip code.
A REVERSE MORTGAGE may be right for you:
- Stay in your home and retain ownership of the property
- Eliminate monthly mortgage payments (homeowners insurance and taxes must still be paid by the homeowner)
- Receive payments from equity on a monthly basis
- Homeowners age 62 and up only
***Consult your tax advisor or financial advisor for tax advice. These materials are not from HUD or FHA and were not approved by HUD, FHA or a government agency. At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to the person and the person may need to sell or transfer the property to repay the proceeds of the reverse mortgage from the proceeds of the sale or transfer or the person must otherwise repay the reverse mortgage with interest from the person’s other assets. Lender will charge applicable fees which may include, but are not limited to, an origination fee, a mortgage insurance premium, closing costs and servicing fees for the reverse mortgage, all or any of which the lender will add to the balance of the reverse mortgage loan. The balance of the reverse mortgage loan grows over time and the lender charges interest on the outstanding loan balance. The person retains the title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately. Interest on a reverse mortgage is not deductible from the person’s income tax return until the person repays all or part of the reverse mortgage loan.
A RELOCATION LOAN may be right for you:
- Suitable for tight timelines
- Options to buy a new home before you sell your current home
- Loan solutions that align with employment gaps for relocation
There are several loan programs suitable for investment properties. Check with your Mortgage Specialist to review best options for your situation and goals.
- Debt Service Coverage Ratio (DSCR) Loans – loan approval based on property’s income
- Conventional Loans – Typically 20-25% down payment
- Conventional Loans (2-4 units) – 5% down payment if the borrower lives in 1 of the units as their primary residence.
- VA Loans – Options for no down payment
- HELOC – use equity from an existing property to build or expand your real estate investment portfolio
These programs provide flexible and affordable options to make homeownership more accessible.
- Conventional Loans HomeReady & Home Possible: 3% down payment options with flexible terms for low-to-moderate-income borrowers.
- Conventional Loans: 5% down payment options.
- FHA Loans: Requires only 3.5% down, ideal for first-time buyers.
- VA Loans: No down payment required for eligible veterans and active-duty service members.
- USDA Loans: Zero down payment for properties in eligible rural areas.
- Jumbo Loans: Lower down payment options available for high-value properties.
- 2-4 Unit Properties: 5% down payment for multi-unit properties purchased as a primary residence.
A Loan with Down Payment Assistance may be right for you:
- FHA, VA, USDA, Golden State Finance Authority
- Essex National DPA
- FAHE Springboard National DPA
- Arizona Home Plus
- Arizona Home in Five
- California CalHFA MyHome Assistance
- Colorado Housing Finance (CHFA)
- Oregon Housing and Community Services (OHCS)
- Washington Bond Program
Visit our Down Payment Assistance resources for more information.
A Home Equity Line of Credit (HELOC) may be right for you:
- Standalone 2nd’s
- Primary residence & investment property
- Single family residence, warrantable condo, townhome, planned unit development
A NON-QM LOAN or PORTFOLIO LOAN may be right for you:
- Bridge loans
- Transition loans
- Compete with Cash Program
- Bank statement loans
- Asset-based loans
- Debt Service Coverage Ratio (DSCR) loans
- Alternative income
- ITIN
Find The Right Monthly Payment
Use our monthly payment calculator to get an idea of what you could expect for a mortgage payment and what home price range you may be comfortable with.
Smooth Steps to Buying Your Home
We streamline the home loan process for a smooth and quick process to get you the keys to your new home.
APPLY
Applying for a mortgage gets you prepared for a smooth homebuying process with a pre-approval in hand. Our online application takes about 20 minutes, and with a review of financial documents, you’ll have a clear picture of your purchasing power.
PRE-APPROVAL
Our Pre-Approval Advantage makes your purchase offer stronger with up to $10,000 of earnest money protection for financing.*
MAKE AN OFFER
Once your offer is accepted, our experts will begin underwriting the loan for your home.
LOAN APPROVAL
Your loan receives final approval when all items have been received, thoroughly reviewed and accepted, and our loan team prepares for closing.
CLOSING
Your closing will be scheduled with Title, and you will review and sign all documentation to finalize the purchase of your home. Congratulations!
You Get Peace of Mind
With a Proven Mortgage Expert
At the heart of our business is our commitment to service excellence, reflected in our outstanding 96% client satisfaction rate.1 And combined with speed and efficiency, we deliver deliver in-house purchase closing documents to escrow an average of 4.4 days before closing.1 Our personalized and proactive approach provides our clients with peace of mind, knowing their home loans are handled promptly and professionally.
*Provides buyer or seller with financing protection of up to $10,000 (or lesser amount which is equal to earnest money), if the purchase agreement is canceled for any reason related to the financing contingency. Pre-Approval Advantage is based on information received from the borrower and should not be construed as a formal loan approval; nor does it acknowledge a full commitment to lend by Directors Mortgage.
1Client satisfaction and efficiency information as of 1/1/2024.