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Monday 9am - 5pm Tuesday 9am - 5pm Wednesday 9am - 5pm Thursday 9am - 5pm Friday 9am - 5pm

The Chesapeake Team of Direct Mortgage Loans

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United States
Chester, MD
The Chesapeake Team of Direct Mortgage Loans

Licensed mortgage lender offering VA, FHA, USDA, and conventional loans, refinancing, and HELOCs. Ronald Steele - NMLS #186413, Licensed in MD.

Local loan officers providing expert home-buying guidance from application to closing. Corporate NMLS #832799
Equal Housing Lender
https://www.nmlsconsumeraccess.org/

Direct Mortgage Loans (DML) is a privately owned and operated licensed direct mortgage lender located in Hunt Valley, Maryland. Our company focus is centered upon industry best practices, responsible lending, and courteous service. Our mission drives us to be committed to providing outstanding mortgage solutions and creating lifelong relationships with our clients and each other. Our vision is to be the mortgage industry leader in innovation and customer experience, by retaining the values of effective proactive, and respectful communication that fosters teamwork, transparency, and accountability to our clients, partners, and each other. A solution-focused positive attitude drives extraordinary results!

10/26/2026

10/16/2026

Buying a condo? Your lender may need a Condo Questionnaire. 🏡

So, what is it?

A Condo Questionnaire is completed by the Condo Association or management company during the financing process. It gives the lender important information about the community, including:

• Finances
• Insurance coverage
• Structural soundness
• Ownership and occupancy
• Litigation
• Maintenance and future repairs

These details can play an important role in determining whether a condo meets financing requirements.

Buying a condo and have questions about the process? Katie Sheats can help you navigate it from start to finish.

10/14/2026

Second Home or Investment Property? They’re not the same.

Thinking about buying a condo as a getaway or an income-producing property? The way you plan to use the property matters when it comes to financing.

🏡 Second home: A property you own in addition to your primary residence that you occupy for part of the year.

💰 Investment property: A property primarily used to generate income rather than for personal use.

The distinction can affect your financing options and requirements.

Not sure which category your property falls under? Katie Sheats can help you understand the difference.

10/13/2026

Buying a home is exciting, but a few common mortgage mistakes can cost you more than you expect. 🏡💰

From focusing only on the monthly payment to making a big purchase before closing, the details matter. Understanding your loan options, closing costs, and financial picture can help you make more informed decisions throughout the process.

Before you make a move, talk to your lender first.

10/12/2026

Buying in an HOA or condo community? 🏡

You may hear the term resale package, but what exactly is it?

A resale package is a collection of important legal, financial, and operational documents provided by the HOA or Condo Association when a property is being sold. It can include governing documents, financial records, reserve studies, insurance information, and resale certificates.

Understanding these documents can help you better understand the community and what they could mean for your financing.

Have questions about condo financing? Katie Sheats is here to help.

10/09/2026

COA vs. HOA: What’s the difference? 🏡

They may sound similar, but the biggest difference comes down to what you own.

A Condo Association (COA) typically applies to condo ownership, where you own your individual unit and share ownership of the common areas.

A Homeowners Association (HOA) is typically associated with single-family homes, where you own the home and the land it sits on.

Understanding the difference is important when you’re considering a condo, second home, or investment property.

Have questions about condo financing? Katie Sheats has the answers.

10/07/2026

What does an HOA or Condo Association actually do? 🏡

If you’re considering buying a condo, understanding the role of the association is an important part of the process. From maintaining common areas and handling repairs to managing insurance and reserve funds, the association helps keep the community running smoothly.

And don’t forget about those association dues—they help cover these shared responsibilities and may be collected monthly, quarterly, or annually.

In this edition of Condo Corner, Katie Sheats breaks down what condo associations do and what buyers should know before purchasing.

Thinking about buying a condo? Katie can help you understand the financing side.

10/05/2026

🏡 What exactly is a condo? And what should buyers know before purchasing one?

From shared amenities and common areas to HOA dues and maintenance responsibilities, understanding how condo ownership works is an important part of the homebuying process.

In this edition of Condo Corner, Katie Sheats breaks down the basics and shares her expertise on condo financing, second homes, and investment properties.

Have condo financing questions? Katie has the answers!

Address

2201 Main Street
Chester, MD
21619

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Website

https://www.directmortgageloans.com/the-chesapeake-team/

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