Direct Mortgage Loans Rates, Fees & Info

HUNT VALLEY, MD

LEI: 549300I0ICF6REKHOC74

Tax ID: 45-3143795

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Mortgage Data

Review & Overview

Direct Mortgage Loans is a smaller mortgage company specializing in Home Purchase and Refi loans. Direct Mortgage Loans has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Baltimore, Chicago, Washington, Charleston, and Palm Bay among others. We have data for 131 markets. (Some data included below & more in-depth data is available with an active subscription.)

Direct Mortgage Loans has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Direct Mortgage Loans is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.03% 11/22/24
30 Year Conventional Refi 6.85% 11/22/24
30 Year Cash-out Refi 7.26% 11/22/24
30 Year FHA Purchase 7.74% 11/22/24
30 Year FHA Refi 7.12% 11/22/24
30 Year VA Purchase 6.73% 11/22/24
30 Year VA Refi 7.47% 11/22/24
30 Year USDA Purchase 7.17% 11/22/24
15 Year Conventional Purchase 6.67% 11/22/24
15 Year Conventional Refi 6.69% 11/22/24
15 Year Cash-out Refi 6.69% 11/22/24
15 Year FHA Purchase 5.68% 11/22/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Direct Mortgage Loans Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Direct Mortgage Loans. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,013

Origination Dollar Volume (All Markets)

$801,545,000

Awards

DIRECT MORTGAGE LOANS USDA Loans bronze
Show all (1) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 940 $273,580,000 $291,043 $7,080 3.14%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 516 $111,040,000 $215,194 $7,033 3.41%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 286 $95,640,000 $334,406 $7,241 3.19%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 164 $49,160,000 $299,756 $5,231 3.14%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 130 $36,100,000 $277,692 $6,669 3.31%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 105 $27,795,000 $264,714 $5,466 3.17%
SALISBURY, MD-DE (FHA|USDA|VA) 81 $26,575,000 $328,086 $5,245 3.24%
MOBILE, AL (FHA|USDA|VA) 140 $26,220,000 $187,286 $5,968 3.14%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 53 $13,655,000 $257,642 $7,274 3.32%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 56 $13,260,000 $236,786 $7,215 3.30%
ASHEVILLE, NC (FHA|USDA|VA) 35 $9,395,000 $268,429 $5,427 3.31%
Outside of Metro Areas 46 $9,170,000 $199,348 $5,140 3.23%
YORK-HANOVER, PA (FHA|USDA|VA) 27 $6,155,000 $227,963 $6,449 3.01%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 28 $5,730,000 $204,643 $5,867 3.40%
COLUMBUS, OH (FHA|USDA|VA) 21 $5,075,000 $241,667 $5,876 3.43%
DAYTON-KETTERING, OH (FHA|USDA|VA) 26 $4,440,000 $170,769 $4,785 3.44%
Easton, MD (FHA|USDA|VA) 15 $4,235,000 $282,333 $6,861 3.15%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 17 $3,875,000 $227,941 $5,063 3.03%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 12 $3,280,000 $273,333 $5,944 3.47%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 10 $2,990,000 $299,000 $5,464 3.15%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $2,950,000 $245,833 $5,570 3.11%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 11 $2,905,000 $264,091 $5,307 3.22%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,455,000 $272,778 $5,534 3.14%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $2,260,000 $226,000 $5,997 3.31%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,235,000 $319,286 $7,653 3.36%
Key West, FL (FHA|USDA|VA) 1 $2,145,000 $2,145,000 $65,551 4.13%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,130,000 $266,250 $5,372 3.12%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 9 $1,895,000 $210,556 $5,447 3.24%
RICHMOND, VA (FHA|USDA|VA) 5 $1,845,000 $369,000 $8,128 2.92%
Cambridge, MD (FHA|USDA|VA) 9 $1,795,000 $199,444 $6,405 3.31%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 6 $1,770,000 $295,000 $6,417 3.33%
GETTYSBURG, PA (FHA|USDA|VA) 9 $1,705,000 $189,444 $5,956 3.08%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,490,000 $372,500 $3,578 2.94%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,425,000 $285,000 $4,546 3.15%
Forest City, NC (FHA|USDA|VA) 7 $1,375,000 $196,429 $5,596 3.48%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 6 $1,240,000 $206,667 $4,999 3.44%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,215,000 $405,000 $3,952 3.04%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 5 $1,195,000 $239,000 $7,555 3.02%
GREELEY, CO (FHA|USDA|VA) 4 $1,150,000 $287,500 $4,449 3.46%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $1,150,000 $287,500 $6,469 2.87%
KNOXVILLE, TN (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,579 3.29%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 5 $1,045,000 $209,000 $5,062 4.04%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,030,000 $257,500 $6,798 3.00%
LOUISVILLE, KY (FHA|USDA|VA) 6 $1,020,000 $170,000 $7,004 3.67%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,017 3.00%
Plymouth, IN (FHA|USDA|VA) 6 $1,010,000 $168,333 $4,623 3.44%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $895,000 $895,000 $11,808 3.50%
PITTSBURGH, PA (FHA|USDA|VA) 5 $885,000 $177,000 $4,637 3.25%
Seymour, IN (FHA|USDA|VA) 6 $870,000 $145,000 $6,200 3.79%
COLUMBIA, SC (FHA|USDA|VA) 2 $830,000 $415,000 $10,724 3.25%
Mount Vernon, OH (FHA|USDA|VA) 3 $785,000 $261,667 $8,450 3.17%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $780,000 $195,000 $6,520 2.84%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 3 $745,000 $248,333 $7,355 3.35%
North Vernon, IN (FHA|USDA|VA) 4 $720,000 $180,000 $5,381 3.53%
KANKAKEE, IL (FHA|USDA|VA) 3 $695,000 $231,667 $10,348 3.00%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $655,000 $218,333 $4,828 2.92%
Scottsburg, IN (FHA|USDA|VA) 4 $650,000 $162,500 $5,577 3.56%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $645,000 $215,000 $4,747 3.08%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $640,000 $320,000 $5,689 2.69%
Cullowhee, NC (FHA|USDA|VA) 2 $620,000 $310,000 $10,589 4.15%
DOVER, DE (FHA|USDA|VA) 3 $595,000 $198,333 $3,860 3.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 4 $570,000 $142,500 $6,637 4.34%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $565,000 $188,333 $6,119 3.54%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $545,000 $545,000 $4,318 3.25%
Newberry, SC (FHA|USDA|VA) 1 $545,000 $545,000 $4,643 3.63%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $535,000 $535,000 $11,946 3.38%
DECATUR, AL (FHA|USDA|VA) 2 $530,000 $265,000 $3,914 3.25%
COLUMBUS, IN (FHA|USDA|VA) 2 $530,000 $265,000 $9,340 3.50%
SPARTANBURG, SC (FHA|USDA|VA) 1 $525,000 $525,000 $3,983 4.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,889 2.75%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 3 $465,000 $155,000 $7,708 4.04%
GAINESVILLE, FL (FHA|USDA|VA) 2 $460,000 $230,000 $4,027 2.87%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $450,000 $225,000 $6,381 3.13%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $445,000 $445,000 $4,589 3.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $435,000 $145,000 $7,784 3.46%
Wilmington, OH (FHA|USDA|VA) 1 $425,000 $425,000 $21,323 3.25%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $425,000 $425,000 $6,009 4.38%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $415,000 $415,000 $6,981 2.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $390,000 $195,000 $3,332 3.71%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $390,000 $195,000 $6,458 3.38%
CUMBERLAND, MD-WV (FHA|USDA|VA) 3 $375,000 $125,000 $5,983 3.58%
TALLAHASSEE, FL (FHA|USDA|VA) 2 $360,000 $180,000 $3,747 3.37%
LANCASTER, PA (FHA|USDA|VA) 1 $355,000 $355,000 $5,153 3.13%
PUEBLO, CO (FHA|USDA|VA) 2 $350,000 $175,000 $4,372 4.00%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $350,000 $175,000 $4,036 2.50%
CaƱon City, CO (FHA|USDA|VA) 1 $345,000 $345,000 $6,262 3.63%
LEBANON, PA (FHA|USDA|VA) 1 $345,000 $345,000 $5,041 3.25%
ROME, GA (FHA|USDA|VA) 1 $345,000 $345,000 $5,212 3.13%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $335,000 $335,000 $8,987 3.63%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $325,000 $325,000 $5,637 4.00%
FLORENCE, SC (FHA|USDA|VA) 1 $315,000 $315,000 $4,601 2.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $310,000 $155,000 $3,615 3.88%
ERIE, PA (FHA|USDA|VA) 1 $305,000 $305,000 $6,587 3.13%
Glenwood Springs, CO (FHA|USDA|VA) 1 $295,000 $295,000 $2,984 2.88%
Ukiah, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,465 2.75%
Orangeburg, SC (FHA|USDA|VA) 2 $290,000 $145,000 $5,663 3.44%
PEORIA, IL (FHA|USDA|VA) 1 $275,000 $275,000 $3,942 3.25%
MONTGOMERY, AL (FHA|USDA|VA) 1 $275,000 $275,000 $8,154 2.50%
KOKOMO, IN (FHA|USDA|VA) 1 $265,000 $265,000 $5,681 3.75%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $260,000 $130,000 $3,919 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $260,000 $130,000 $3,892 3.38%
BECKLEY, WV (FHA|USDA|VA) 1 $255,000 $255,000 $4,998 3.25%
Bellefontaine, OH (FHA|USDA|VA) 1 $255,000 $255,000 $8,479 3.75%
JACKSON, TN (FHA|USDA|VA) 1 $245,000 $245,000 $2,150 2.38%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $245,000 $245,000 $3,918 3.38%
Eufaula, AL-GA (FHA|USDA|VA) 1 $235,000 $235,000 $7,637 2.99%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $225,000 $225,000 $5,252 2.99%
WILMINGTON, NC (FHA|USDA|VA) 1 $225,000 $225,000 $3,972 2.63%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $220,000 $110,000 $3,946 2.87%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $215,000 $215,000 $4,302 3.49%
SAVANNAH, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,672 3.25%
Brevard, NC (FHA|USDA|VA) 1 $205,000 $205,000 $4,397 3.63%
Marion, NC (FHA|USDA|VA) 1 $205,000 $205,000 $6,444 3.50%
Tifton, GA (FHA|USDA|VA) 1 $185,000 $185,000 $3,475 2.38%
Urbana, OH (FHA|USDA|VA) 1 $175,000 $175,000 $4,181 3.25%
Sanford, NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,315 3.50%
DECATUR, IL (FHA|USDA|VA) 1 $165,000 $165,000 $4,427 3.50%
Norwalk, OH (FHA|USDA|VA) 1 $155,000 $155,000 $5,725 3.63%
Sidney, OH (FHA|USDA|VA) 1 $145,000 $145,000 $6,729 3.75%
Pottsville, PA (FHA|USDA|VA) 1 $125,000 $125,000 $3,843 2.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,511 2.88%
HINESVILLE, GA (FHA|USDA|VA) 1 $115,000 $115,000 $4,078 3.25%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $115,000 $115,000 $3,695 2.99%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $4,310 3.63%
Athens, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,966 4.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $95,000 $95,000 $5,513 3.50%
Indiana, PA (FHA|USDA|VA) 1 $85,000 $85,000 $4,503 3.38%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $85,000 $85,000 $3,246 2.63%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $65,000 $65,000 $3,694 3.50%
THE VILLAGES, FL (FHA|USDA|VA) 1 $65,000 $65,000 $3,011 2.88%
New Castle, IN (FHA|USDA|VA) 1 $55,000 $55,000 $3,646 3.13%
Direct Mortgage Loans's top markets include Baltimore, Chicago, Washington, Charleston, and Palm Bay among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against DIRECT MORTGAGE LOANS based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
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    Liberty Bank for Savings
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    PATRIOT
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    Foote Capital Mortgage Company
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    Greenville Federal
    Similarity Rank: 396
    Louviers Federal Credit Union
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    Day Air Credit Union, Inc
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    GENERAL ELECTRIC CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,060 $556,650,000 $270,218 $5,325 3.22%
    FHA 691 $164,635,000 $238,256 $9,405 3.34%
    VA 202 $66,580,000 $329,604 $9,357 3.06%
    USDA 60 $13,680,000 $228,000 $7,441 3.14%

    For 2021, Direct Mortgage Loans's most frequently originated type of loan was Conventional, with 2,060 originations. Their 2nd most popular type was FHA, with 691 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,997 $533,475,000 $267,138 $7,235 3.31%
    Refi 676 $186,740,000 $276,243 $5,167 2.97%
    Cash Out Refi 157 $35,575,000 $226,592 $5,496 3.25%
    Home Improvement 92 $23,450,000 $254,891 $5,695 3.39%
    Other 91 $22,305,000 $245,110 $5,832 3.27%

    For 2021, Direct Mortgage Loans's most frequently cited loan purpose was Home Purchase, with 1,997 originations. The 2nd most popular reason was Refi, with 676 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,735 $737,915,000 $269,804 $6,818 3.28%
    15 Year 170 $35,470,000 $208,647 $4,162 2.76%
    20 Year 76 $19,770,000 $260,132 $4,664 2.92%
    Other 18 $5,090,000 $282,778 $4,864 3.00%
    10 Year 14 $3,300,000 $235,714 $4,293 2.52%

    For 2021, Direct Mortgage Loans's most frequently cited loan duration was 30 Year, with 2,735 originations. The 2nd most popular length was 15 Year, with 170 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,025 $265,445,000 $258,971
    $2k-3k 800 $179,120,000 $223,900
    $3k-4k 541 $141,785,000 $262,079
    $5k+ 302 $118,470,000 $392,285
    $4k-5k 231 $70,045,000 $303,225
    $<1k 72 $19,460,000 $270,278

    Direct Mortgage Loans's average total fees were $6,818, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,025 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,722 $446,740,000 $259,431
    2.5-3% 1,021 $288,135,000 $282,209
    <2.5% 131 $35,735,000 $272,786
    4-5% 129 $28,515,000 $221,047
    5-6% 7 $1,305,000 $186,429
    6-7% 1 $635,000 $635,000
    7-8% 1 $175,000 $175,000
    Over 8% 1 $305,000 $305,000

    During 2021, Direct Mortgage Loans's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 1,722 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,589 $448,125,000 $282,017 $6,960 3.21%
    $100k-200k 904 $141,690,000 $156,737 $5,313 3.28%
    $400k-600k 364 $172,790,000 $474,698 $8,016 3.13%
    $100,000 or less 121 $9,565,000 $79,050 $3,920 3.55%
    $600k-1MM 31 $23,265,000 $750,484 $13,800 3.35%
    $1MM+ 4 $6,110,000 $1,527,500 $31,981 3.44%

    2021 saw Direct Mortgage Loans place emphasis on $200k-400k loans with 1,589 originations, totaling $448,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 820 $181,440,000 $221,268 $6,595 3.26%
    $100k-150k 573 $177,125,000 $309,119 $6,827 3.23%
    $75k-100k 555 $151,175,000 $272,387 $6,811 3.23%
    $50k or less 504 $84,430,000 $167,520 $5,950 3.25%
    $150k-250k 361 $127,855,000 $354,169 $6,577 3.20%
    $250k+ 131 $57,065,000 $435,611 $7,668 3.32%

    Direct Mortgage Loans lent most frequently to those with incomes in the $50k-75k range, with 820 originations. The second most popular income band? $100k-150k, with 573 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 573 $151,905,000 $265,105 $5,755 3.14%
    30-36% 556 $147,530,000 $265,342 $6,285 3.22%
    50-60% 184 $48,400,000 $263,043 $9,724 3.23%
    <20% 177 $46,065,000 $260,254 $5,178 3.12%
    44% 148 $35,900,000 $242,568 $6,725 3.36%
    40% 129 $32,055,000 $248,488 $6,702 3.33%
    42% 121 $32,715,000 $270,372 $6,828 3.26%
    43% 121 $31,835,000 $263,099 $6,463 3.35%
    45% 114 $30,970,000 $271,667 $6,900 3.37%
    41% 111 $29,075,000 $261,937 $6,586 3.36%
    36% 108 $28,090,000 $260,093 $6,171 3.21%
    49% 104 $28,400,000 $273,077 $6,943 3.26%
    39% 102 $28,230,000 $276,765 $6,529 3.25%
    37% 92 $25,900,000 $281,522 $7,073 3.33%
    48% 91 $24,815,000 $272,692 $8,038 3.33%
    38% 91 $25,195,000 $276,868 $6,348 3.27%
    47% 83 $23,635,000 $284,759 $7,559 3.26%
    46% 60 $15,280,000 $254,667 $6,879 3.20%
    >60% 1 $245,000 $245,000 $0 4.13%

    Direct Mortgage Loans lent most frequently to those with DTI ratios of 20-30%, with 573 originations. The next most common DTI ratio? 30-36%, with 556 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,166 $583,450,000 $269,367 $6,316 3.20%
    Black 399 $97,025,000 $243,170 $8,121 3.33%
    Not provided 333 $91,215,000 $273,919 $6,609 3.28%
    Asian 95 $25,825,000 $271,842 $6,289 3.31%
    American Indian 12 $2,590,000 $215,833 $7,811 3.23%
    Native Hawaiian or Islander 8 $1,440,000 $180,000 $5,418 3.37%

    Approval Rates

    Total approvals of all applications
    98.73%

    Direct Mortgage Loans has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    84.10%

    Direct Mortgage Loans has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,013 $801,545,000 $266,029

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,013 $801,545,000 $266,029

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $7,275,000 $154,787 $3,659 2.91%
    40-60% 281 $67,845,000 $241,441 $4,295 2.97%
    60-80% 835 $230,135,000 $275,611 $5,529 3.23%
    80-100% 1,784 $475,510,000 $266,541 $7,312 3.29%
    Over 100% 51 $18,095,000 $354,804 $14,652 3.13%
    Under 20% 9 $845,000 $93,889 $1,999 2.89%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Direct Mortgage Loans, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%