What Is a Direct Lender?
A direct lender, or mortgage lender, is an individual, group, or financial institution that provides a mortgage loan to a borrower. The term "direct lender" is used to distinguish a loan provider contacted by the borrower from a mortgage broker.
Contacting direct lenders in the loan process is a common starting point for many borrowers.
- What Are My Options for Lenders?
- When Should I Use a Direct Lender?
- What Are Some Reasons to Use a Mortgage Broker Instead of a Direct Lender?
- Can I Use Both a Mortgage Broker and a Direct Lender?
- What Are the Differences Between Mortgage Brokers and Loan Officers?
- How Do I Choose the Best Lender for My Mortgage?
- Who Are the Best Mortgage Lenders for First-Time Buyers?
- How Many Mortgage Lenders Should I Talk To?
- Should I Get a Mortgage from a Bank or a Non-Bank Lender?
- How Do I Decide Which Mortgage Broker to Use?
- Can I Still Use a Mortgage Broker If I Have Bad Credit?
- What Is an FHA Approved Broker?