Find The Mortgage That’s Right For You

Financing a new home

Fixed-rate and adjustable-rate home loans at variable terms help you finance the home of your dreams. Learn More

First-time home buyers

Our mortgage experts will teach you what you need to know and match you with the loan that meets your needs. Learn More

New construction

Want to build from the ground up? Get the financing you need to build the home you’ve always wanted. Learn More

Refinancing your mortgage

Stop paying more than you need to. Refinancing your mortgage today could lower monthly payments. Learn More

4 Easy Steps To Buy Or Refinance A Home

Check Interest Rates

Find the best mortgage rate and payment terms for you Read More

Calculate Your Payment

Run the numbers and calculate your monthly payment Read More

Get Prepared

Use a checklist to gather what you need for a successful mortgage application Read More

Contact Us

Better yet, get pre-approved. Then shop for your new home with confidence Read More

We do business in accordance with Federal Fair Housing Law and the Equal Credit Opportunity Act.
Have questions? Don’t hesitate to ask. Call or stop by your local Directions office and we’ll help answer any questions you may have.

Learn About Our Mortgage Options

African American couple reviewing the paperwork on their new home.
Fixed Rate
4.071% APR*
30 Year
Fixed Rate
3.847% APR*
20 Year
*The annual percentage rate (APR) is based on a $150,000 loan amount, which includes 20% down payment, application fee, appraisal fee, credit report fee, etc. The annual percentage rate (APR) is an interest rate that is different from the note rate. The APR is designed to measure the "true cost of a loan". This includes some costs/fees associated when obtaining a mortgage loan.

Financing a New Home

We get it. Buying and securing financing for a home takes a lot of effort and can get stressful, too. We serve our members by taking the uncertainty and worry out of the equation with a personal touch that makes purchasing a home as stress-free as possible with these financing options:

  • Fixed-rate mortgages
    • A great fit for home buyers with plans to stay in their new home for a number of years
    • Fixed-rate home loans available for 10, 15, 20 and 30 year terms
  • Adjustable-rate mortgages
    • If you don’t plan on being in your home very long, an adjustable-rate loan can offer you more buying power
    • Adjustable-rate home loans available for three- and five-year periods (with 15 or 30 year terms)
  • Maximum 97% LTV financing
    • High loan-to-value (LTV) financing lets you finance up to 97% of the value of the home
  • Home Free Loans with shorter terms (5 to 10 years) for individuals who are planning or are close to retirement.
  • Need to borrow a large sum? Our jumbo loan program could be a good option for you. Call us to learn more.

The keys to your new home are just a few steps away.

  • Apply Now
  • Realtor Partners
My wife and I were able to purchase our first home in the community we love. We can start a family and begin the rest of our lives from the help we received from Directions and their excellent staff!
Chris K. Ottawa, Ohio

First-time Homebuyers

Buying your first home is both exciting and stressful. Directions has worked with thousands of first-time home buyers, educating and guiding each of them through the purchase of a first home. With our local lending decisions and member-first approach, your home-buying experience will have a personal touch that you just can’t find by working with a big bank.

Ask about the First-time Homebuyer Program:
  • Access to educational guidance tools and resources
  • Lower down payments
  • Several closing cost options
  • Fixed-rate loans
    • Protects buyers against rising interest rates
  • Flexible loan terms
    • Loan term options of 15, 20 or 30 years
    • Build equity faster or achieve lower monthly payments with the term that’s right for you
  • Low down payments
    • Finance up to 97% of your home purchase
    • Great for buyers with limited funds for down payment
  • Expanded funding options
    • First-time homebuyers can apply gifted cash to fund closing costs
  • Local decision making and servicing
    • There’s always someone in the neighborhood you can contact regarding payments, questions, and more
Directions Credit Union requires first-time home buyers to meet certain requirements for a home loan:

  • Borrowers must carry private mortgage insurance (PMI)
  • Borrowers must have not owned a home for at least three years
  • Borrowers must take a Homeownership Education course and present a completion certificate

Ready to buy your first home? Get started now.

  • Apply Now
  • Check Rates

Financing for New Construction

Build your dream home from the ground up with a new construction loan from Directions. While most lenders require two closing terms, Directions offers competitive closing costs and only requires one closing term for the entire project. No need to pay closing costs a second time.

 

  • Finance up to 95% of the value of your purchase
  • Only pay interest during your new home’s construction phase
  • Competitive interest rates
    • Construction loan rates based off current published rates
  • See the lot you love, but not ready to build?
    • Directions can finance the lot for your future construction
  • With more than a dozen locations throughout Ohio, we’re in your region and ready to help you through every step of the financing process for your new construction
    • We have direct relationships with dozens of home builders in the region

Ready to Start Building? We’re ready to help.

  • Apply Now
  • Builder Partners

Refinancing Your Mortgage

Directions can help put money back in your pocket. Refinancing your mortgage can be a smart way to build more equity in your home or lower your monthly payments. Not sure if refinancing is the right option for you? Give us a call and one of our refinancing experts will talk you through what it means and help you determine whether refinancing is a good option for you.

 

  • Directions has saved consumers millions of dollars through smart refinancing strategies.
  • Refinancing can lower your minimum monthly payment so you can save more now, or build equity in your home faster.
  • Refinancing the equity you’ve already built can help you pay for important life events such a home improvements, school tuition and more.
  • Cash-out refinancing available; refinance more than what you owe on your mortgage to get cash now.
    • Up to 80% loan-to-value (LTV)
  • Rate and term refinancing available.
      • Refinance your mortgage to get a lower interest rate or change the terms of your loan.
      • Up to 95% LTV

Contact a Directions Credit Union (NMLS#409435)
Mortgage Loan Originator

Jennifer Hernes
(NMLS#419830)
office: 419-720-4760
cell: 419-350-3550
email: jhernes@directionscu.org

Randy Okuley
(NMLS#419455)
office: 419-720-4766
cell: 419-346-4637
email: rokuley@directionscu.org

Kimberly Regan
(NMLS# 270561)
cell: 419-270-5305
email: kregan@directionscu.org

Pam Costick
(NMLS# 798975)
cell: 419-512-2977
email: pcostick@directionscu.org

Chuck Page
(NMLS# 1119401)
office: 419-526-7828
fax: 419-517-1153
email: cpage@directionscu.org

Cute couple laying on a blanket with their new baby in their front yard.

Learn More About Homeowner’s Insurance

Homeowner’s insurance—you have to have it, but you don’t have to pay an arm and a leg to get it. Learn more about homeowner’s insurance programs and rates available through Directions.

Read More

Contact

419.841.9838
888.508.2228 TOLL FREE


Hours

8:30AM - 5PM MON-THURS
8:30AM - 6PM FRIDAY
9AM - 12PM SATURDAY