Loan Programs

Mortgage Direct has a wide varitey of loan programs for every type of borrower. The following are the
available loan programs offered at Mortgage Direct:

FHA Loans

VA Loan

Jumbo Loans

203K Loans

Rehab Loan

Much, Much More

Traditional Mortgage Durations

30-Year Fixed Mortgage

This is the most popular and conventional loan program. Your monthly payment
is calculated based on the initial interest rate and never changes for the 30-year
life of the loan. The 30-Year Fixed Rate Mortgage is considered the most
conservative because there is no risk that changing market conditions will affect
your monthly payment.

This loan is probably right for you if you don't plan to move or refinance for at
least 10 years and you expect interest rates to increase over this period, or you
just feel comfortable knowing that your payment won't change no matter what.

20-Year Fixed Mortgage

Like the 30-Year Fixed Rate Mortgage, this program guarantees that your
payment never changes over the life of your loan. Since you are committing
to pay off your loan over a shorter period, however, your monthly payment will
be significantly higher than for a 30-Year mortgage.

This loan may be right for you if you are interested in paying off your loan more
quickly. This loan may also be appropriate if you expect to stay in this home in
your retirement and you will be retiring in fewer than 30 years and wish to start
retirement without mortgage debt.

15-Year Fixed Mortgage

The most aggressive of the Fixed Rate Mortgage options, this loan is paid off in
only 15 years, resulting in a much higher monthly payment. This program is for
those who can afford the higher monthly payment and are willing to pay more
over a shorter period of time with the goal of owning the home without debt as
soon as possible.

In order for Mortgage Direct to properly assist you with financing your home, we need to know more about you and the property your looking to finance.

Simply click on the link below to begin the first steps in financing your home with Mortgage Direct - your direct lender!

Locations: 360 W. Butterfield Rd., Suite 320, Elmhurst, IL 60126 | 214 W. Ohio St., Chicago, IL 60610

An Illinois Residential Mortgage Licensee;License #: MB6759244, California Residential Mortgage Licensee; License #: 603F094, Florida Residential Mortgage Licensee; License #: CL0703664, Texas Residential Mortgage Licensee; License#:83247, and Wisconsin Residential Mortgage Licensee; License #: 600822.

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Traditional Mortgage Durations

30-Year Fixed Mortgage

20-Year Fixed Mortgage

15-Year Fixed Mortgage

Locations: 360 W. Butterfield Rd., Suite 320, Elmhurst, IL 60126 | 214 W. Ohio St., Chicago, IL 60610