Oklahoma Mortgage Group - Mike David

Do you think you need 20% down to buy a home? Think again. That outdated belief is stopping too many first-time homebuyers in Tulsa from getting started, but Oklahoma Mortgage Group is here to change that. According to the National Association of Realtors, the median down payment for first-time homebuyers is only 9% , not 20%.  Even better? Many buyers may qualify for 0 % down loan programs,  such as   VA and USDA loans , or low down payment options like FHA and conventional 3% programs. Even more surprising? Nearly 80% of first-time buyers qualify for down payment assistance , but only 13% actually use it . That’s a huge missed opportunity. These down payment assistance (DPA) programs can offer up to $17,000 toward your purchase. Whether you’re a teacher, firefighter, Veteran, or just starting out, there may be free money waiting to help you buy your first home. 👉 Tulsa buyers: Don’t let myths or lack of info hold you back. You may be closer to homeownership than y...

If you're considering buying a home in Tulsa, the second half of 2025 could bring a welcome shift. According to recent projections from leading housing experts, mortgage interest rates are expected to ease slightly , falling into the mid-to-low 6% range by year-end. For buyers, this means more purchasing power. For realtors, it's the perfect time to re-engage clients who may have paused their home search. As of May 13, 2025, the average forecast across five major sources—MBA, NAHB, Zillow, Wells Fargo, and Fannie Mae—shows an average projected rate of 6.46% . Notably, Fannie Mae projects the lowest at 6.20% , while MBA estimates the highest at 6.70% . This range suggests growing optimism about economic stability and inflation control. For those seeking a Tulsa home loan , this is a  crucial time to connect with Oklahoma Mortgage Group (OMG).  We understand the nuances  of the Tulsa real estate market. Locking in a rate or preparing now could help you take advantage of be...

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...

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...

I am h onored to be recognized among the top 1% of mortgage originators in America for 2024. Thank you to my amazing clients and partners for trusting me and the best mortgage team in Tulsa PERIOD!! Mike David Oklahoma Mortgage Group 918-361-1550 Mike@OMGHomeLoans.com www.OklahomaMortgageGroup.com