The housing market can be a whirlwind for many buyers! At Direct Financial, our Loan Officers are ready to assist you with the purchase of your new home whether you’re a first-time home buyer or a well-versed shopper.
Finding a mortgage product
Narrowing down the type of mortgage loan you’re looking for can be a big part of your home buying journey. There are many to choose from, so it is beneficial to work with your loan officer to talk about your goals so they can help match the best product for you.
With a wide range of mortgage products, Direct Financial has something for every borrower. Down payment assistance programs, different terms to choose from, VA Loans for our military members, and fixed or variable rate products are just a few of the options our credit union offers. Our knowledgeable Loan Officers will help you decide on a product that works best to fit your needs.
Pre-approval
In today’s market, pre-approvals are beneficial to borrowers actively ready to buy a home. Due to low housing inventory, many times offers can be made on homes during open houses, or even from a new listing showing up online without touring the house. Having a letter of pre-approval in hand can give you a better chance of your offer being accepted than someone who hasn’t met with their financial institution yet.
To get pre-approved, chat with a Loan Officer. They will evaluate your income, credit, and assets to determine what loan amount you qualify for. That way, you can shop around for homes that fit into your price range with confidence.
Closing costs
Closing costs are the charges and fees during a real estate transaction, less the purchase price itself. Things like fees from the financial institution involving origination and underwriting, real estate office commission, town or city taxes, insurance premiums, title company fees, and record filings. Down payments are not included in the closing costs! Borrowers receive a closing disclosure that will list each fee so there are no surprises.
Our low closing costs separate us from the pack. On average, we charge less in closing fees than larger national mortgage companies. You can save thousands with us! Your local loan officers live and work in your community, so they understand the importance of a local feel – our members aren’t “just a number” to us!
Learn more about Direct Financial mortgage programs and meet our Loan Officers online or by calling 800.966.8200.