Oklahoma Mortgage Group - Mike David

  For many Oklahoma homebuyers, the biggest challenge is not qualifying for a mortgage, it's coming up with the cash needed for a down payment and closing costs. That's where the REI Home100 Program can make a significant difference. What Is REI Home100? REI Oklahoma is a nonprofit organization that offers down payment and closing cost assistance to eligible homebuyers throughout Oklahoma. The Home100 program works alongside FHA, VA, USDA, and HUD 184 mortgage programs and is designed to help buyers reduce upfront costs associated with purchasing a home. One of the most attractive features is that borrowers do not have to be first-time homebuyers to participate. New Income Limits Open More Opportunities The newly released 2026-2027 income limits increase eligibility for many Oklahoma families. For example: Tulsa County: Up to $142,500 for 1-2 person households and $166,250 for households with 3 or more people Oklahoma County: Up to $145,950 for 1-2 person households and $170,27...

Bixby has quickly become one of the most popular places to live in the Tulsa metro, and recent development plans are giving homebuyers even more reasons to consider making the move. From major retail expansion to possible future infrastructure improvements, south Bixby continues building momentum as one of the fastest-growing communities in Oklahoma. Major Retail Growth Coming to South Bixby One of the biggest announcements involves the proposed Spartan Creek development near 151st and Memorial. Plans for the project include restaurants, shopping, grocery stores, entertainment, and national retailers across a large mixed-use development. Walmart has also been connected to the discussions. For many residents, this means more convenience closer to home. Instead of driving across Tulsa for shopping and dining, homeowners could soon have more options right in the community. Large developments like this also tend to attract additional investment and residential growth over time. A Poss...

Being named a National Mortgage News Top Producer for 2026 is a major milestone, but what makes it truly meaningful is the context behind it. A National Industry, A Local Team There are hundreds of thousands of mortgage loan officers across the country. Earning a spot among the top producers nationwide is not just about volume, it reflects consistency, service, and the ability to deliver results at a high level. What makes this recognition even more special is that it comes from a small, dedicated team based in Tulsa. This is not a massive operation. It is a focused group committed to doing things the right way for every client and every partner. What It Means for Buyers For homebuyers, this kind of recognition should translate into confidence. The mortgage process can feel overwhelming, but working with an experienced lender helps simplify things. From the initial conversation to the closing table, the goal is to create a clear path forward. Buyers benefit from: Accurate pre-approvals...

The mortgage industry is entering a new credit scoring era. FHFA announced that Fannie Mae, Freddie Mac, and FHA are moving forward with newer credit score models, including VantageScore 4.0 and FICO 10T. VantageScore 4.0 is available immediately for approved lenders, while FICO 10T is expected to follow. Why This Matters For years, mortgage lending has relied heavily on Classic FICO. That model is still approved, but newer models create more competition and may give lenders a better way to evaluate creditworthiness. FHFA says these newer models can consider additional data, including rent payment history. That could be especially important for renters who pay consistently but have limited traditional credit depth. What Could Change Over time, this may help expand the borrower pool. Some buyers who did not score well under older models may be viewed differently under newer credit frameworks. It may also create more competition among credit score providers, which could help reduce credi...

  I’m proud to share that I’ve been named to Mortgage Executive Magazine’s Top 1% Mortgage Originators in America for 2025. This recognition represents more than production, it reflects consistency, communication, and trust built over time with clients and partners. What This Means for Buyers If you’re planning to purchase a home, the lender you choose matters. A strong mortgage process helps you: Understand your numbers upfront Submit competitive offers with confidence Avoid surprises during underwriting Clear communication and a well structured pre-approval can make a real difference, especially in a competitive market. What This Means for Agents For real estate professionals, a reliable lender helps protect your deals and your reputation. That includes: Fast, accurate pre-approvals Proactive updates throughout the transaction Problem solving before issues impact closing The goal is simple, keep the process moving and reduce stress for everyone involved. Local Focus Matters As a ...

  VA appraisal issues have been a common concern for buyers, sellers, and real estate agents. Effective May 1, 2026, VA updated its Minimum Property Requirements to make the process more practical. What Changed? VA is now focusing more clearly on safety, structural soundness, and sanitation. Key changes include: • Detached sheds and fences may not automatically require repairs • Peeling paint on post-1978 homes may be considered cosmetic • Certain radon certification requirements for new homes were removed Why Agents Should Care This could mean fewer minor repair delays and smoother closings for VA buyers. It also gives agents a better way to explain VA offers to sellers. A VA loan does not have to mean a difficult transaction. Good News for Buyers Eligible veterans and active-duty buyers may now have more flexibility when shopping for homes. VA home loans are still subject to appraisal and lender review, but these updates may help more homes qualify without unnecessary repair cond...