Mortgage | Latest Blog News On Mortgage Rates and Mortgage Savings

If you’ve been shopping mortgage rates online lately, perhaps via the Zillow marketplace, you may have stumbled upon “First Mortgage Direct.”

The online mortgage lender appears to advertise quite a bit on Zillow, so I thought we’d take a deeper dive to see what this lender is all about.

They’re a family-owned direct-to-consumer mortgage lender that says it’s driven by three founding principles, including honesty, integrity, and experience.

That involves a “consultative approach to lending” to find the perfect loan program for each homeowner, with no nonsense or hidden fees.

First Mortgage Direct Fast Facts

Direct-to-consumer mortgage lender founded in 2007
Family owned and headquartered in Kansas City, Missouri
Offer home purchase loans and mortgage refinances
Licensed in lend in 17 states nationwide
A DBA of First Mortgage Solutions, LLC
Their lending team boasts over 75 years of experience in the mortgage industry

First Mortgage Direct, which is actually a dba of First Mortgage Solutions, LLC, has been around since 2007.

They are a small family-owned and operated lender headquartered in Kansas City, Missouri.

At the moment, they are licensed just a handful of states, including California, Colorado, Connecticut, Florida, Georgia, Illinois, Kansas, Missouri, New Jersey, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and Washington.

How to Apply for a Home Loan with First Mortgage Direct

As an online-only mortgage lender, the application process is pretty no-frills and straightforward. You simply visit their website and hit “Apply Now.”

Their digital mortgage application is powered by Ellie Mae, which is one of the most common and popular forms out there.

It allows you to complete much of the process from your computer or smartphone in just minutes, including ordering a credit report and eSigning documents.

Once your loan is approved, you’ll be able to log in via their website to track loan progress and see your updated to-do list.

A loan officer and loan processor will assist you as you inch closer to the finish line.

They do not have physical branches, but you can call or email them directly if you need assistance or loan pricing.

Loan Programs Offered by First Mortgage Direct

Home purchase loans
Refinance loans: rate and term and cash out
Home renovation loans: FHA 203k and Fannie Mae HomeStyle
Conforming loans backed by Fannie Mae and Freddie Mac
Government loans backed by the FHA, USDA, and VA
Available on primary residences, second homes, and investment properties
Fixed-rate and adjustable-rate mortgage options available with various loan terms

First Mortgage Direct Mortgage Rates

While they don’t advertise their mortgage rates on their own website, you can often catch them in the wild if you compare lenders on the Zillow marketplace.

Compare the Top 10 Mortgage Refinance Options Near You

Select your state to get started

State

And they tend to offer the lowest rates of all the lenders listed, at least for the sample scenarios I ran through the engine.

That tells us they are competitive lender relative to other online mortgage lenders, which seem to offer lower interest rates than the bigger brick-and-mortar banks and brand-new lenders you’re probably more familiar with.

Ultimately, you should get a discount when using an online-only lender because their costs should be lower, with saving passed onto consumers.

If they aren’t competitive and you haven’t heard of them, it’d be pretty difficult for them to make an argument to use them versus a company you know and are comfortable with.

So my assumption is their rates are likely pretty good relative to other options. But you’ll need to get in touch for pricing to be sure.