Oklahoma Mortgage Group - Mike David

Buying a home in Tulsa just got easier. Whether you're a first-time homebuyer or looking to upgrade without draining your savings, Oklahoma offers several down payment assistance (DPA) programs that can help you get the keys to your dream home with little or  no  money down. What is Down Payment Assistance? Down Payment Assistance (DPA) helps cover part, or all of the down payment and sometimes closing costs. In Tulsa and throughout Oklahoma, these programs come in the form of: Grants (no repayment) Forgivable loans (repaid only if you sell or refinance early) Deferred or repayable loans (often with low or no interest) Why It Matters for Tulsa Homebuyers With rising home prices, many qualified buyers are being held back by one key factor: the need for cash for the down payment. These DPA programs open the door to homeownership, especially for first-time buyers, teachers, first responders, and families who just need a little help to get started. Top Down Pa...

For over 80 years, VA home loans have helped Veterans and active-duty service members achieve the dream of homeownership. Yet, many are still unaware of one of the most powerful VA loan benefits: no down payment required . A recent Veterans United report reveals that only 3 in 10 Veterans know they can buy a home with $0 down using a VA loan . That means 70% of eligible Veterans could be missing out on one of the best home financing options available. At Oklahoma Mortgage Group (OMG) in Tulsa , we’re committed to helping Veterans understand and use their well-earned benefits. VA loans offer: $0 down payment options No private mortgage insurance (PMI) Low fixed interest rates Flexible credit guidelines Limited closing costs These benefits make homeownership more accessible and affordable for those who have served. If you're a Veteran in Tulsa or anywhere in Oklahoma, don't leave this benefit on the table. Contact the experts at Oklahoma Mortgage Group to ch...

 Did you know the typical homeowner’s net worth is roughly 40x greater than a renter’s? It’s a staggering statistic that highlights the profound financial benefits of homeownership. Owning a home is the #1 way to build wealth in the U.S., and it’s a key step toward financial security and independence. Here’s why: when you own a home, your net worth grows as you pay down your mortgage and as home values rise over time. This wealth-building power, often referred to as equity accumulation , is something renters miss out on. Renters pay monthly for housing but don’t get to reap the rewards of equity or appreciation, which are two major drivers of homeowner net worth. The numbers tell the story. According to data from The Federal Reserve, homeowners consistently build equity while renters’ financial growth remains limited. For example, while home values have risen significantly over the last decade, renters’ net worth has increased only marginally. This growing gap showcases how own...

With rising home prices and fluctuating mortgage rates, having access to the right resources can make all the difference. One resource you should know about is the growing number of Down Payment Assistance (DPA) programs available to homebuyers. According to Down Payment Resource, 29 new programs were added in Q3 alone, bringing the total to 2,444. That’s 192 more programs than last year—an 8% increase in opportunities to help buyers like you achieve homeownership. Why does this matter? Many DPA programs provide significant financial assistance. The average benefit is roughly $17,000, which can go a long way toward covering your down payment and other home-buying costs. Whether you’re a first-time or first-generation buyer, or even looking into affordable housing options like manufactured or multi-family homes, there’s likely a program that fits your needs. Let’s make homeownership a reality for you! Call or text me today at 918-361-1550 , or click here to book a quick phone chat to d...