How to Apply for a Mortgage Online
So, how does all this work?
We shop mortgage rates all day, every day so you don’t have to.
Our process is easy
We’re plugged in with the top mortgage investors, so you get the ideal mix of great rates and a variety of loan options.
You might be hesitant to apply for a mortgage online. That’s understandable. Face-to-face interactions with a loan officer were the norm up until about a decade ago. Now, First Mortgage Direct offers a reliable, trustworthy online mortgage process that puts you at the center.
Benefits
What’s it like working with First Mortgage Direct?
There are a lot of places you can go to get a mortgage, so why choose us? We’re committed to giving you the best rates possible and building a mortgage that enhances your financial stability. Our mission is to create mortgages with honesty, integrity, and experience. Because you deserve nothing less.
Honesty
We're not going to promise you an amazingly low rate up-front just to get you to talk to us. We have no hidden fees and will give you straight answers to your questions.
Integrity
We aim higher than profit. If a certain mortgage doesn't make sense for you, we're not pressuring you into it. Period.
A Safe & Secure Online Experience
You can apply online in minutes and upload docs through our secure online portal.
Quick Closing
Since we have a 100% digital processing experience, we can get your loan closed quickly. Like 60 days for a refinance fast!
How to Apply for a Mortgage Online at First Mortgage Direct
Almost all of our team has actually bought a home before (novel idea, right?) so they know what you’re going through. Plus, they have the training and experience to help you make the best mortgage choices for your long-term financial stability.
Tell us a little bit about you
What do you want to achieve? How much are you looking to borrow? Just the basics will enable us to give you some high-level mortgage rate & term options.
Apply online
You can do this in just a few minutes online, too. You can even upload the docs we’ll need (bank statements, tax returns, etc.) on our secure portal, so you won’t have to spend hours searching for and scanning stuff!
💡 Pro Tip
If you’re refinancing your home, we’ll lock your rate at this point. If you’re buying a home, we’ll lock your rate when you have a contract on your new home.
Processing
This is the part where we’ll really need to work together to keep your closing goal on-track.
Your Loan Consultant and his/her Loan Processor will be contacting you regularly to get info and keep you updated on what’s happening.
We know tracking down stuff like tax returns and retirement account statements is just soo fun, but the quicker we get all that, the quicker we can get your loan done!
Underwriting
We will review the appraisal report for your home at this point. The main thing we’re looking at here is to make sure the value of the home supports the new mortgage you’re seeking.
💡 Pro Tip
Your Loan Consultant’s job is to make the best case possible for you. An Underwriter makes sure they have dotted all the “I”s. We may need more info from you here, such as a letter of explanation about a recent career change, or an explanation of recent large deposits.
Closing
This is when we schedule a visit for you to a title company or have a notary come to you with a bunch of papers to sign. This step takes about an hour and after that, you’ll have a new mortgage or a new home to call your own! (Doing a “happy dance” and sending us a video of it is highly encouraged.)
Selling your mortgage
First Mortgage Direct is what’s known as a “correspondent” lender. We make you a loan, close it, and then sell it to a mortgage investor, such as government entities like FannieMae or FreddieMac, or a mortgage bank.
💡 Pro Tip
You’ll get a letter explaining who will own your mortgage and where to send your monthly payments.
Who is First Mortgage Direct?
We started our business in 2008 at a time when honesty and integrity in the mortgage business were scarce commodities. We thought that was wrong and built our business around Honesty, Integrity, and Experience.
We must be on to something because we’ve helped thousands of homebuyers like you since then!
Want to know more?
The world of mortgages is filled with all kinds of abbreviations and other industry jargon. Hop over to our Education Center for quick videos and resources that help de-mystify mortgages!
More about How to Apply for a Mortgage
Let’s get started
Tell us a little bit about yourself and we’ll work on some loan options for you—for free.