Oklahoma Mortgage Group - Mike David

If you’re considering moving to Tulsa or relocating to Tulsa through the Tulsa Remote program, there’s never been a better time to explore your options. Tulsa Remote is a nationally recognized program designed specifically for out-of-state remote workers who are selected to relocate to Tulsa. Participants gain access to a growing, supportive community along with a $10,000 grant to help make the move. At Oklahoma Mortgage Group, we’re proud to be a Tulsa Remote approved lender , helping qualified participants navigate the homebuying process with clarity and confidence. What is Tulsa Remote? Tulsa Remote is a 12-month program built to attract talented remote professionals to Tulsa. Since its launch, it has welcomed 3,500+ remote workers from across the country, representing all 50 states and hundreds of cities. Participants benefit from: • A $10,000 relocation grant • Free coworking space • Monthly networking and community events • Health and wellness resources Even more ...

Use Your Assets to Qualify for a Home Loan in Tulsa Not every qualified homebuyer fits neatly into a traditional income-based mortgage. If you have strong savings, investments, or retirement accounts—but your income is complex or non-traditional—you may still qualify for a home loan using your assets. At Oklahoma Mortgage Group , we offer the Asset Amplify program , designed to help buyers leverage their financial strength in a different way. What is Asset Amplify? Asset Amplify is an asset-based mortgage program that allows you to use your liquid assets to qualify, without needing to sell or move them. This means your savings and investments can work for you while still remaining fully under your control. Key Benefits • No need to liquidate assets • Maintain full control of your funds • Use assets to strengthen your mortgage application • Up to 80% financing available • Loan amounts up to $2 million or more Who This Works Best For This program is ideal for: • Self-employed borrowers ...

  If you are a real estate investor, you know that traditional financing can slow you down. Tax returns, income calculations, and debt to income ratios often limit how quickly you can grow your portfolio. That is where Cashflow Pro changes the game. This investment loan program allows you to qualify based on the income from the property itself using a Debt Service Coverage Ratio, also known as DSCR. Instead of reviewing your personal income, we evaluate whether the rental income covers the mortgage payment. This approach opens the door for investors who may write off income, own multiple properties, or simply want a faster and more flexible way to finance deals. How DSCR Loans Work DSCR stands for Debt Service Coverage Ratio. It measures the property’s rental income compared to the monthly mortgage payment, including principal, interest, taxes, insurance, and association dues. If the property cash flows, it can qualify. Key Benefits of Cashflow Pro Loans • No W2s, tax returns, or ...

We’re proud to announce that Mike David, Producing Branch Manager of Oklahoma Mortgage Group, has been recognized on the Scotsman Guide Top Originators list for 2026, based on outstanding performance in 2025. This national recognition places Mike among the top mortgage professionals in the country and reflects a year of strong production, client service, and consistent results. He was recognized in multiple categories, including: • Top Dollar Volume • Most Loans Closed • Top FHA Volume • Top VA Volume But behind every number is something far more meaningful—people and their stories. In 2025, our team had the opportunity to help approximately 260 families navigate the home financing process.  At Oklahoma Mortgage Group, we believe getting a mortgage should feel clear, strategic, and personalized. Our team focuses on: • Transparent communication throughout the loan process • Customized loan options tailored to each client • Creative solutions for unique financial situatio...

  If it feels like renters are staying put longer than ever, you are right. According to recent housing data, the average renter now stays in their home for 6.5 years, up from just 5.9 years in 2019. While that may not seem like a big jump at first glance, it signals a much larger trend happening in today’s housing market. Why Renters Are Staying Longer There are two main reasons driving this shift: • Rising rent costs • Affordability challenges when buying a home Many potential buyers feel stuck. Higher home prices and fluctuating mortgage rates can make it seem like waiting is the safer option. But in reality, waiting can come with a hidden cost. The Real Cost of Renting Longer When you rent, your monthly payment builds zero equity. When you own a home, a portion of every payment goes toward building wealth. Over time, this creates a significant gap. Studies show the average homeowner’s net worth is dramatically higher than that of a renter, often by as much as 40 times. The long...

If you’re a homeowner in Tulsa and need quick access to funds, a home equity line of credit (HELOC) could be one of the smartest financial tools available right now. Many homeowners are sitting on significant equity but don’t realize how quickly they can access it, without the long timelines or hurdles of traditional loans. At Oklahoma Mortgage Group, Mike David and the team are helping clients tap into their home equity with a fast, streamlined HELOC program designed for real-life needs. What Is a HELOC? A HELOC, or home equity line of credit, allows you to borrow against the equity you’ve built in your home. Instead of receiving one lump sum, you get access to a line of credit that you can use as needed. With this fixed-rate HELOC program, your interest rate and initial draw amount are locked in at closing, giving you stability and predictability. Why Homeowners in Tulsa Are Choosing HELOCs This program is built for speed and convenience, something many traditional loan options lack....

When shopping for real estate in Oklahoma , your interest rate is just as important as the home’s listing price. This rate dictates your mortgage affordability and determines how much house you can actually get for your monthly budget. How Rates Affect Your Loan Amount As seen in the comparison table, even a small decrease in the mortgage interest rate significantly increases your borrowing limit. For example: Higher Rates: At 7.75% , a $400,000 loan results in a $2,866 monthly payment. Lower Rates: At 6.00% , that same $400,000 loan drops to $2,398 monthly. This difference of nearly $470 per month could be the gap between your dream home and a compromise. Now flip that around… If your budget is fixed, a lower rate could increase your purchasing power by tens of thousands of dollars. Why This Matters in Today’s Market Mortgage rates have been moving more than usual lately. That can feel overwhelming, but it also creates opportunity. The key is not trying to “time the market”...

Mortgage rates have been moving around quite a bit lately, and if you're thinking about buying a home, it can feel a little unsettling. Here’s the reality: this kind of movement is completely normal. When there’s economic uncertainty, inflation concerns, or global events impacting financial markets, mortgage rates tend to fluctuate more than usual. That doesn’t mean the market is broken, it just means we’re in a more reactive environment. And while you can’t control what mortgage rates do day-to-day, you can control the factors that determine the rate you qualify for. What You Can Control If you're planning to buy a home in Tulsa or anywhere in Oklahoma, here are the three biggest things that impact your mortgage rate: 1. Your Credit Score Higher credit scores typically lead to better interest rates. Even small improvements can make a meaningful difference in your monthly payment. 2. Your Loan Type Different loan programs, like conventional, FHA, VA, or specialty programs, can...

  Following the most recent FOMC statement, the Federal Reserve has maintained the Fed funds rate at 3.50% to 3.75%. This pause comes as the war against Iran continues to drive oil prices higher, sustaining inflationary pressures that make rate cuts difficult to justify in the immediate term. The Fed’s Dual Mandate and the Risk of Stagflation The Fed is currently navigating a complex "no growth, but no contraction" jobs market. With the BLS Unemployment Rate at 4.4%, there is a growing concern that the economy could enter a stagflation environment. If the labor market weakens while inflation remains high due to energy costs, the Fed’s dual mandate—balancing employment and price stability—will be put to an extreme test. This political and economic tension arrives as Jerome Powell’s chairmanship nears its end on May 15. The confirmation of Kevin Warsh as the next chair remains subject to political opposition, adding further uncertainty to the path of monetary policy. Strategic ...

  Are you self-employed and thinking about buying a home, but worried you won’t qualify for a mortgage? You’re not alone. One of the biggest challenges for self-employed borrowers in Tulsa is that tax returns don’t always tell the full story. Business owners, freelancers, consultants, and 1099 earners often write off expenses to reduce taxable income. While that’s smart financially, it can make income appear much lower on paper when applying for a traditional home loan. That’s where the Statement Select loan program from Waterstone Mortgage comes in. What is Statement Select? Statement Select is a mortgage solution designed specifically for self-employed homebuyers. Instead of relying only on tax returns, this program allows a Tulsa mortgage lender to evaluate your real income using alternative documentation. This gives a more accurate picture of your financial situation and your ability to afford a home. How You Can Qualify With Statement Select, you may qualify using: 1...

If you’ve been watching Tulsa mortgage rates and wondering whether to wait for them to drop, you’re not alone. Many homebuyers across Tulsa, Bixby, Jenks, Broken Arrow, and the surrounding areas are hoping to see rates return to the historic lows of 2020–2021. However, according to the Mortgage Bankers Association (MBA), current projections show 30-year mortgage rates remaining in the mid-6% range through 2026 and into 2027. While short-term fluctuations are always possible, the broader forecast does not indicate a return to 4% or even low-5% mortgage rates anytime soon. What the Mortgage Bankers Association Forecast Means for Tulsa Buyers The MBA’s outlook suggests stability rather than a dramatic decline. For buyers in the Tulsa real estate market, this changes the conversation from “waiting for lower rates” to “buying strategically in today’s market.” If rates remain in the mid-6% range: Buyers waiting for a major drop may delay homeownership longer than expected Home pric...

The Federal Reserve wrapped up its January 2026 meeting with no change to the Fed Funds rate , keeping it in the current range of 3.50%–3.75% . While there has been plenty of public pressure on the Fed to lower rates, today’s decision was not a surprise to the market. In fact, this marks a pause after a series of recent rate cuts and reflects the Fed’s “wait and see” approach as it evaluates where the economy goes next. Why Didn’t the Fed Cut Rates? The Fed has two primary goals: Keep inflation under control Maintain a healthy job market To justify additional rate cuts, the Fed needs to see one of two things: A noticeable slowdown in the job market, or Inflation moving convincingly closer to its 2% target At the moment, neither of these conditions is strong enough to warrant another cut. Employment remains relatively stable, and inflation is easing, but not yet at the level the Fed wants to see. When Could Rates Start Coming Down Again? Current market expectation...

  “Should I wait?” It’s the most common question buyers are asking right now, and for good reason. Mortgage rates have been moving, headlines are noisy, and buyers don’t want to make the wrong move. But when you look past the headlines, the market is quietly shifting in ways that can actually benefit prepared buyers. Mortgage rates are currently near a three-year low , even with some short-term ups and downs. At the same time, many markets are seeing improved inventory, less buyer frenzy, and more opportunity to make thoughtful decisions instead of rushed ones. This doesn’t mean every buyer should jump in immediately. It means the conversation should shift from “waiting for the perfect rate” to “building the right strategy.” In today’s market, buyers who win are the ones who: • Understand their numbers • Know their loan options • Are ready when the right home appears Timing the market perfectly is nearly impossible. Positioning yourself correctly is not. If you or your clien...

As we step into 2026, we’re taking a moment to reflect on what an incredible year 2025 was for Oklahoma Mortgage Group and the families we were honored to serve across the Tulsa metro. Last year, our team helped 258 families achieve homeownership and funded over $72 million in home loans . Behind those numbers are first-time homebuyers, growing families, move-up buyers, relocations, refinances, and fresh starts, each with a unique story and goal. More Than Just Numbers While we’re proud of the milestones we reached in 2025, what matters most to us is how we reached them. Every loan represents trust; trust in our advice, our process, and our commitment to doing what’s right for each client. As a local Tulsa mortgage lender , we believe in educating buyers, clearly explaining options, and structuring loans that support both short-term affordability and long-term financial health. Whether a client is buying their first home or their fifth, our approach remains the same: people firs...

  New for 2026: $10,000 Down Payment Assistance Now Available for Homebuyers One of the biggest obstacles to buying a home is coming up with the upfront cash. For 2026, there is good news for Tulsa and Oklahoma homebuyers. The Downpayment Plus® Program is officially live for 2026 and offers up to $10,000 in down payment assistance to eligible buyers. This program is provided through the Federal Home Loan Bank of Chicago and is designed to help buyers purchase a primary residence with less money out of pocket. Even better, this program can be combined with OHFA (Oklahoma Housing Finance Agency) programs , creating powerful options for buyers who need additional assistance. How the Downpayment Plus® Program Works The Downpayment Plus® Program provides a grant that can be used toward down payment and or closing costs . When combined with the right loan program, it can significantly reduce the amount of cash a buyer needs at closing. Key program highlights include: • Up to $10,000 ...

If you work for a school in Oklahoma, homeownership just became more accessible. The Oklahoma Housing Finance Agency has expanded its OHFA Teacher Program, opening eligibility to many more school employees across the state. The program no longer requires a teacher certification. What changed? Any employee of an Oklahoma accredited public school or private or parochial school may now qualify using a paystub. Who may be eligible? This includes a wide range of school staff, such as: School counselors Administrative and office staff Paraprofessionals Cafeteria workers Custodians and maintenance staff Other support personnel Current program highlights As of today, the OHFA Teacher Program offers: A discounted interest rate of 5.375% 3.5% down payment assistance for qualified buyers Why this matters With lower rates and built-in down payment assistance, this program can significantly improve affordability for school employees who serve Oklahoma communitie...

The Federal Reserve just announced another 0.25% rate cut , and if you’re thinking about buying a home in Oklahoma, you’re probably wondering what that means for your mortgage rate and monthly payment. At Oklahoma Mortgage Group , we’ve been walking our clients and realtor partners through what this actually means in real life—not just on Wall Street. Does a Fed Rate Cut Mean Lower Mortgage Rates? Not automatically. The Fed controls the Fed Funds Rate , which directly impacts short-term rates like credit cards, auto loans, and home equity lines of credit. Longer-term fixed mortgage rates , like the 30-year conventional loan most Oklahoma buyers use, are more influenced by: Inflation data Jobs reports Bond market expectations (especially the 10-year Treasury) So while a Fed cut can help create a friendlier rate environment over time, it doesn’t guarantee your 30-year mortgage rate will drop right away. Why Waiting for the “Perfect Rate” Can Backfire Many buyers say, ...