CONVENTIONAL LOANS

Conventional or Conforming loan available at Loan Direct with more flexibility than other lenders.  We use common sense approach to underwriting.
  • Loan amount from $100,000  to $765,000
  • Down payment as low as 5%
  • Flexible credit requirement
  • Credit as low as 620
  • Flexible income documentation option
  • Purpose: Primary Residence Only

FHA LOANS

Buying your first home does not have to be complicated if you have the right partner. We have an experienced team of lending specialists to help you navigate through. We offer wide range of loan products to choose from. FHA loans are government insured loans.  FHA generally, more flexible guidelines than Conventional.  Highlights of our FHA loan:
  • Great for first time home buyers
  • Loan amount from $75,000 to $765,000 (Maximum loan varies per county)
  • Down payment as low as 3.5%
  • Credit as low as 580
  • Bankruptcy wait time only 2 years
  • Foreclosure – 3 years wait time
  • Purpose: Primary Residence Only
Buying your first home does not have to be complicated if you have the right partner. We have an experienced team of lending specialists to help you navigate through. We offer wide range of loan products to choose from. VA loans are designed specifically for military personnel both active and inactive.  If you are an active military personnel or a Veteran, this program may be the best option for you.  Benefits of VA loans are:
  • Great for first time home buyers
  • Loan amount $75,000 to $1,500,000
  • Down payment as low as 3.5%
  • FICO credit score as low as 580
  • Bankruptcy 2 years wait time
  • Foreclosure 2 years wait time
  • Purpose: Primary Residence Only
  • Currently Accepting Applications in: CA, CO, OR, FL, and TX

Are you self-employed, your income is inconsistent, or insufficient due to large write offs? We can help. No tax returns required. Contact us today to learn about our unique lending options for self-employed loans.

Self-employed applicants often have challenges in applying for home loans due to the large write offs on their taxes.  At Loan Direct, we understand that your income are hard to document and thus have designed many programs to fit your needs.  Program highlights:

  • Loan Amount – $200,000 to $5,000,000
  • Minimum Down Payment as low as 15%
  • Minimum FICO credit score of 660
  • Flexible Income Documentation:
    • 1-year tax return
    • Business Cashflow Analysis
  • Bankruptcy 4 year wait time
  • Foreclosure 4 year wait time
  • Purpose: Primary Residence & Investment

JUMBO Home Loans

  • Loan amount up to $5,000,000
  • Foreclosure: No Problem
  • Bankruptcy: No Problem
  • Collections: OK
  • Purpose: Primary Residence & Investment

We offer industry most comprehensive document options for qualification.  For applicants who may not have traditional income sources and cannot document income by tax returns, we have the following options:

  • Cash Flow Analysis
  • Profit and Loss
  • Asset depletion
  • Debt Service: Investment Properties

A credit mishap does not mean a bad borrower.  There are certain moments in life that are unexpected.  We understand those moments. Therefore, we designed a full suite of products to assist you to achieve the American dream of homeownership.

  • Minimum Down Payment: 20%
  • Minimum FICO credit score of 500
  • Income Documentation: Full Doc OR Stated Income 
  • Bankruptcy: No Problem
  • Foreclosure: No Problem
  • Short Sale: No Problem
  • Purpose: Primary Residence & Investment