Oklahoma Mortgage Group - Mike David

  Is the Housing Market Going to Crash? It's one of the most common questions buyers are asking in today's market. After years of rising home prices, higher mortgage rates, and affordability challenges, many consumers are wondering if a major housing correction is around the corner. According to most housing experts, the answer is no. Why This Market Is Different Than 2008 The comparison to the Great Recession is understandable, but today's housing market operates under very different conditions. Mortgage lending standards are much stricter than they were before the 2008 crash. Homeowners also hold record levels of equity, giving many families a financial cushion that simply did not exist during the housing crisis. In addition, inventory remains limited across much of the country. While the number of homes available for sale has improved, supply still falls short of long-term demand in many markets. Experts Expect Normalization, Not Collapse Most housing forecasts point tow...

The City of Jenks has once again found itself in the national spotlight after being named a finalist for the National Civic League's 2026 All-America City Award. The recognition honors communities that demonstrate exceptional civic engagement, collaboration, and innovation in addressing local challenges. For homeowners, buyers, and real estate professionals throughout the Tulsa metro, this recognition highlights many of the reasons Jenks continues to be one of the area's most desirable communities. A Community Shaping Its Own Future One of the key projects highlighted during the award process was the planning effort surrounding Jenks Ranch, more than 400 acres of undeveloped land that represents one of the city's most significant development decisions in decades. Rather than making decisions behind closed doors, city leaders invited extensive public participation through surveys, workshops, and open forums. Thousands of residents contributed feedback, with many expressing s...

  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...