Direct Mortgage
offers the following rates

Rates **Subject to Change

CONVENTIONAL
CONFORMING

 MIN/MAX DOWN
PAYMENT

RATE
30 Yr Fixed  100K/322,700  5%  5.625%
15 Yr Fixed  100K/322,700  5%  5.00%
7 Yr Fixed Balloon  100K/322,700  10%  5.00%
1 Yr Adjustable  100K/322,700  5%  3.25%
3 Yr Adjustable  100K/322,700  5%  3.5%
5 Yr Adjustable  100K/322,700  5%  4.375%
7 Yr Adjustable  100K/322,700  5%  5.00%
Investor Purchase  100K/322,700  10%  5.625%  + 2.5 Points

100% Financing (Purchase Only, NO MORTGAGE INSURANCE)

  100K/322,700  0%  *Call for quote*

INTEREST ONLY
     6MO. Adjustable  100K/322,700  5%  2.625%
     5 Yr Adjustable  100K/322,700  5%  4.75%
Government Min
Max		 Down
Payment		 Rate
       
30 Yr Fixed VA  VARIES  0%  5.75%
15 Yr Fixed VA  VARIES  0%  5.0%
30 Yr Fixed FHA  VARIES  3%( Gift OK)  5.75%
15 Yr Fixed FHA  VARIES  3%(Gift Ok)  5.0%
1 Yr ARM FHA  VARIES  3%(Gift OK)  4.00%
Jumbo
Loans		 Min
Max		 Down
Payment		 Rate
       
30 Yr Fixed  322,700 UP  5%  6.00%
15 Yr Fixed  322,700 UP  5%  5.25%

      INTEREST ONLY    (6MO.LIBOR)

  322,700 UP  10%  2.625%

INTEREST ONLY (1MO.LIBOR)

  322,700 UP  10%  2.625%