We are consistently market leaders in the areas we represent. We encourage our customers to go out in the marketplace and shop our rates… being cognoscente of the discount points that our competitors frequently charge.
Full Service Mortgage Bank
Jumbo, conventional, FHA, VA, USDA, bank statement programs, home equity lines of credit, and construction loans.
We are approved under the Home Value Code of Conduct; essentially that means that our borrowers are not having their homes appraised by appraisers outside of the area. As a company we are not allowed to speak directly with the appraisers; however, we do select the panel of appraisers that the third party appraisal management company selects from.
Solutions Built For You
All loans aren’t the same and we know this. That’s why Omega Mortgage Group carries a plethora of lending products that are built around your lending needs. Just get a free loan consultation with one of our loan officers.
Fixed for any rate of time up to 30 years. Example, 12 years, 25 years, 29 years etc…
Principal and Interest payment is set for the entire term and will never change.
Interest rate will never change.
Purchase your home with as little as 3.5% down.
Seller can contribute up to 6% of sales price to help with closing costs.
Choose from a fixed or adjustable rate mortgage.
Available to eligible current or former members of the US Armed Forces and their surviving spouses.
Up to 100% financing available.
Competitive low fixed or adjustable rates.
More favorable income, debt and credit qualifications.
No mortgage insurance (MI) regardless of down payment.
ADJUSTABLE RATE MORTGAGE
Lower interest rate in the early years of your mortgage. Example: Fix for 5 years at 2.50% followed by an adjustable rate that could either increase or decrease, based on current market.
Can pay more towards the loan balance without a pre-payment penalty.
Interest rate and payment may increase after initial fixed term.
Allows for 100% financing on homes in eligible areas determined by the USDA Rural Development.
More favorable income and credit qualification may apply.
There are some income limitations that must be met for USDA loans.
You can potentially get some money from your own home. In the past, you had to sell your house or use it as collateral for a loan which had to be repaid in monthly installments.
There are actually three types of reverse mortgages: single purpose reverse mortgage, HECM or Home Equity Conversion Mortgages, and private proprietary reverse mortgages. The most popular programs are the HECM loans that are backed by HUD with FHA mortgage insurance.
The lender pays out the loan in three ways: lump sum, monthly payouts, or line of credit. This in reality is a great pro and benefit for the elderly.