Members Direct Home Loans
Unlock your real estate potential with our unmatched solutions.
Members Direct Home Loans
Unlock your financial Real Estate potential with our expert solutions.
Our Story
With over 30 years of experience within the lending community our commitment to client success, we provide comprehensive financial solutions and services tailored to your unique goals.
Members Direct Home Loans
Why a Broker is your best option?
Purchase Loans
Working with a broker gives you access to a wide range of specialty loan products and lenders, along with the expertise to guide you through unique financing situations. With our extensive network, creative deal-making, and commitment to flexibility, we find the best loan solutions to meet your needs quickly and transparently.
Refinance: Lower Your Payments
Refinancing your mortgage can reduce monthly payments by securing a lower interest rate or extending the loan term, giving you more financial flexibility. By freeing up cash flow, refinancing makes it easier to cover other expenses, manage high-interest debt, or build savings—all while lowering your monthly obligations.
Advantages of a Reverse Mortgage
A reverse mortgage lets homeowners aged 62 and older access their home equity without making monthly mortgage payments, improving cash flow and financial independence. This option offers a steady income stream to support expenses, maintain your lifestyle, and enhance your retirement without drawing on other savings.
Our Specialty Loans
Bank Statement Loans: Ideal for self-employed borrowers, giving you flexibility in proving income.
Bridge Loans: Short-term financing that allows you to purchase a new property while waiting to sell your current one.
DSCR Loans: Debt Service Coverage Ratio loans are tailored for real estate investors.
ITIN Loans: Designed for borrowers without a Social Security number, ITIN loans help foreign nationals, promoting homeownership across diverse communities.
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Frequently Asked Questions
What’s the difference between pre-qualification and pre-approval?
Pre-qualification gives an estimate of what you might be able to borrow based on self-reported information, while pre-approval is a more in-depth review, including a credit check and verification of income and assets, showing sellers you're a serious buyer
How long does the mortgage approval process take?
The process usually takes 21-40 days, though this can vary depending on the complexity of your financial situation, lender efficiency, and market conditions.
Can I qualify for a mortgage if I’m self-employed?
Yes, but the process can be more complex. traditionally S/E Borrowers require two years of tax returns, profit and loss statements, and other financial documentation. If this does not work we do have programs specifically designed for S/E Borrowers. Using bank statement to qualify or even on income to qualify.
What are the closing costs, and how much will they be?
Closing costs usually range from 2% to 5% of the loan amount and can include fees for appraisal, title insurance, origination, and more. Some costs may be negotiable and we might have an option to cover part of the costs.
When does refinancing make sense?
Refinancing might make sense if it lowers your rate, shortens your loan term, helps consolidate debt, or allows you to tap into home equity for cash. Make sure the benefits outweigh any fees or costs involved.
What’s an escrow account, and do I need one?
An escrow account holds funds for property taxes and insurance premiums, which your lender pays on your behalf. Typically with low down payment options you will be required to escrow your taxes and insurance,
How do I know what loan amount I qualify for?
Underwriters will assess your income, credit score, debt-to-income ratio, and down payment to determine the loan amount you qualify for. Some programs allow for debt-to-income ratio's up to 60%
What’s the best way to improve my credit score before applying?
Paying down revolving debts to less then 35% of the total, making on-time payments, and avoid opening new credit accounts in the months leading up to your application. Avoid credit inquiries leading up to your financing choice.