Oklahoma Mortgage Group - Mike David

  Did you know you can buy a manufactured home with no money down using the USDA loan program ? USDA loans aren’t just for farmhouses. Many buyers in eligible rural and suburban areas can qualify for this no-down-payment mortgage option. That means affordable homeownership could be closer than you think. At Oklahoma Mortgage Group, we’ll walk you through eligibility, help you understand the guidelines, and see if this program is the right fit for you. Homeownership is within reach — and you may not need a down payment to get there. Want to explore your options? Call or text us today at 918-361-1550, or set up a quick phone chat with our team to talk about USDA loans and manufactured home financing.

Everyone’s waiting for mortgage rates to fall, and according to NAR, the “magic number” many buyers are hoping for is 6%. But will we see that anytime soon? Most forecasts show rates staying in the mid-to-low sixes through the end of next year. Still, right after the latest weaker-than-expected jobs report, rates dipped to 6.55% — the lowest point this year. That gave buyers and realtors hope that small changes may be on the way, but experts don’t expect a major drop in the near term. Here’s what matters: when rates eventually hit 6%, it could unlock 5.5 million more buyers. That means waiting could also mean facing far more competition and less negotiating power. If buying now works for your budget, moving sooner rather than later could give you an advantage before the market heats up again. Want to talk about your options and run the numbers together? Schedule a quick phone chat with us , or call/text Oklahoma Mortgage Group at 918-361-1550 today to discuss your next best steps.

On last week's all-company call, we recognized 7 Loan Officers, including 3 former President’s Club producers, who left Waterstone Mortgage but returned in the last quarter. This trend has become so common that we now have a name for it: Boomerang Hires. Why did they come back? The answer was unanimous: Waterstone Mortgage is simply the best place to grow your business. Although I’m not a Boomerang Hire, I took a deep dive into other companies, and the reality is—the grass isn’t greener elsewhere. The resources, support, and culture at Waterstone—especially within Oklahoma Mortgage Group (OMG)—are unmatched. That’s why OMG is the top mortgage branch in Tulsa and one of the most recognizable and respected mortgage teams in the area. We’re looking to add at least two more experienced LOs in 2025. Here’s what sets OMG at Waterstone Mortgage apart: 1. Top-Tier Sales Support – A dedicated local front and back-end team so you can focus on relationships and referrals, not paperwork. 2. Ma...

  Positive inflation news this morning has Tulsa mortgage lenders hopeful that the recent uptick in interest rates might be leveling off. If you've been considering buying a home in Tulsa, this could be a sign that it's time to act. What's Happening with Tulsa Mortgage Rates ? Recent increases: Over the past few weeks, we've seen interest rates climb slightly, which has caused some buyers to pause. Today's news : New inflation data released this morning is lower than expected, which is good news for anyone looking for Tulsa home loans. Lower inflation generally helps keep mortgage interest rates stable or even nudges them lower. The outlook: While we're still waiting on additional economic data to be released this week, the early signs are encouraging. It's possible that we've seen the peak of this recent rate increase. What Does This Mean for Tulsa Home Buyers? Opportunity: If you've been pre-approved for a mortgage or are considerin...

Understanding the Latest Federal Open Market Committee (FOMC) Decision At its July 2024 meeting, the Federal Open Market Committee announced no change to the Fed funds rate, keeping it at 5.25% to 5.50%, the highest level in 23 years. This decision aligns with market expectations and reflects a careful approach by the Fed despite recent calls for a rate cut. Key Takeaways for Tulsa Realtors and Homebuyers Future Rate Cuts Expected : Market anticipation is high (near 100%) for the first rate cut at the next FOMC meeting on September 18. Future rate cuts could begin a new cycle, potentially starting in September. Market Indicators : Balanced risks between employment and price stability suggest a shift towards rate cuts. Keep an eye on upcoming inflation and job market data. Challenges Ahead : Consider the impact of the presidential election, geopolitical risks, and economic trends. Anticipate changes in U.S. Treasury financing auctions affecting interest rates. Near-Term Focus : Monitor ...

Are you worried about a Tulsa housing market crash? Don't be. Unlike 2008, today's Tulsa real estate market is different. Experts agree: a crash is not expected in the near future. Why Tulsa Home Prices Are Stable The key factor is Tulsa housing inventory . For a crash to occur, there would need to be an oversupply of Tulsa homes for sale . Currently, we're experiencing the opposite – an undersupply. This is true even with recent inventory growth. Three Key Factors Impacting Tulsa Real Estate Inventory Existing Tulsa Homes for Sale: While there are more existing homes on the market compared to last year, the overall supply remains low. This means there simply aren't enough homes available to cause a price drop. New Home Construction in Tulsa: Although new home construction has increased, it's not a cause for concern. Tulsa home builders are actually playing catch-up after years of underbuilding. Distressed Property (Foreclosures/Short Sales) in Tulsa: Tha...

Are you contemplating a move that will transform your lifestyle while opening up incredible opportunities? Look no further than Tulsa, Oklahoma! With the innovative Tulsa Remote program and the support of the Oklahoma Mortgage Group, relocating to Tulsa has never been more appealing. Let’s explore why you should consider making Tulsa your new home and how we can assist you in this exciting journey. Embrace a New Lifestyle with Tulsa Remote Live, Work, and Grow in Tulsa Tulsa Remote is designed to foster a thriving remote work community right here in Tulsa. This program offers resources to help newcomers thrive, providing an active and supportive community, and an impressive $10,000 to help you make Tulsa your new home. Imagine the possibilities that await you in a city that is not only affordable but also rich in culture and opportunities. Program Details: A Unique Opportunity in a Flourishing City Tulsa Remote offers a unique opportunity in a flourishing city. Here are the details on ...