Direct Lending offers a wide variety of loan programs.  Because we specialize in home lending, Direct Lending provides a high level of diversity and flexibility, satisfying the goals of every home buyer. Following is just a sample of what we have to offer:

Fixed Rate Loans:  Good for people who want a set rate and do not like price flucuations.  A little higher rate than an adjustable

• 30 Year Fixed Rate
• 20 Year Fixed Rate
• 10 & 15 Year Fixed Rate  Cheapest of the three fixed rates but will be a higher payment because it is a shorter time period

Adjustable Rate Loans:  great for
people who are going to move or sell
 the house  within the fixed period of
the adjustable rate mortgage.  You
will get a lower rate based on the
fact that you only have a short term
fixed rate.  Downside of this mortgage
is that you could pay more in
interest if you have to stay in this mortgage.  Not a good mortgage if mortgage rates are rising if you are not planning to move.

• 1 Month fixed ARM (Adjustable Rate Mortgage)
• 6 Month fixed ARM
• 1 Year fixed ARM
• 3 Year Fixed ARM
• 5 Year Fixed ARM
• 7 Year Fixed ARM
• 10 Year Fixed ARM
  After the fixed period the mortgage
  becomes adjustable.  Usually can adjust up  to 2% max a year to a total of 6 % over the life of the loan.  So if you got a 4 1/2% arm it could adjust up to 10 1/2%

Jumbo Loans*:

• 30 Year Fixed Rate
• 15 Year Fixed Rate
• 1 Year ARM
• 3/1 ARM
• 5/1 ARM

Niche Products For Various Loan
 Amounts:  Some of these products
 are great  for people who have good credit but may not have  any savings,  or that are self employed and not showing much income on their tax return.  The bank will give you the loan based
on your good credit history at a little higher rate even though you can not prove your income, your job history, or your assets.

• Stated income
• No Income No Asset
• Stated Income Stated Asset
• No Ratio Loans
• Lite Documentation Loans
• Custom Designed Loan Programs
• Loans up to $10 million

First Time Homebuyers Program:

• 104% Financing **
• 103% Financing **
  100% Financing
• 97% Financing
  
  **(No money down plus finance closing costs)

Miscellaneous Loan Programs:

• Construction/Permanent Loans
• Lot Loan
• Foreign National Loans

Less Than Perfect Credit Loans:  For people who have had past credit problems and have paid bills late

• 30 Year Fixed Rate
• 15 Year Fixed Rate
• 6 Month ARM
• 2/28 ARM
  3/27 ARM

 Interest Only Products: A good product if you want to increase your case flow by reducing your house payment.  the downside to this loan is that your payment at the end of the interest only is going to be much larger.  You will most likely have to refinance when it adjusts

1 month
6 month
1/1
3/1
5/1
7/1
10/1