Fixed Rate

Stability throughout the life of your loan

What is a Fixed-rate loan? A Fixed Rate loan is just how it sounds, “FIXED”. The interest rate on your loan will not change throughout the life of your loan. Monthly payments (Principal and Interest) will always remain the same. Property taxes and homeowners insurance may increase, but generally your monthly payments will be very stable. It is a great way to keep your monthly budgeting simple and “fixed” when it comes to knowing what your mortgage payments will be. Fixed Rate Loans come with terms up to 40 years and low down payment options.

When is a Fixed-rate loan the best choice? Typically when interest rates are low and you plan to stay in your home for at least five years.

Directors Mortgage offers a variety of fixed-rate mortgage options. They include:

Zero/ Low-down payment programs

Directors Mortgage has loan programs for first-time home buyers, people who have little or no money saved for a large down payment or for those who prefer to not to dip into their savings.

Learn about Zero/ Low-down payment programs »

Jumbo Home Loans

A Jumbo loan is any home loan over the conventional loan limit, which is currently $417,000. Jumbo loans can also help you buy a bigger, more luxurious home.

Learn about Jumbo Home Loans »

FHA Home Loans

Directors Mortgage is an FHA (Federal Housing Administration) approved lender that can offer these programs that allow limited down payment funds, gift funds, potentially limited paperwork and flexible credit requirements.

Learn about FHA Home Loans »

VA Home Loans

Directors Mortgage has programs available to Military veterans and to those actively serving. These loans offer lower interest rates, closing costs and the potential for a no down payment option. (For this option to be eligible, the serviceman or woman must not have used their Full Entitlement yet. (VA loan entitlement).

Learn about VA Home Loans »