FHA Loans

Portfolio Flexibility

FHA have been helping people become homeowners since 1934. Some benefits of FHA loans are:

  • Low down payments

  • Low Closing Costs

  • Easy credit qualifying​​​

If you are considering obtaining your first home; FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.

Financial Help For Seniors

Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer “yes” to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.

FHA Streamline Financing

We have been doing streamline refinances since their inception. We have refined the process in order to maximize the benefit to you. There are several distinct advantages that Omega Financial Services can offer you.

How about manufactured housing and mobile homes?

Yes, FHA has financing for mobile homes and factory-built housing. There are two loan products – one for those who own the land that the home is on and another for mobile homes that are – or will be – located in mobile home parks.

Program Requirements

  • The loan being refinanced must be an FHA.

  • The borrower’s Principal and Interest payment (P&I) must be reduced.

  • All loan being refinanced must be current.

  • No 30-day mortgage late payments in the prior 12 months are permitted.

  • All borrowers must be employed or retired.

Take The First Step
Get Pre-Qualified Today!

Visit our Office

Residential Division

Multi-State Direct Endorsement Lender

1185 Morris Ave. Union, NJ 07083

Office #: (908) 933-0253*

Fax #: (908) 666-0266*

*not for use by New York borrowers

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Our team takes pride in dependability and accessibility. Whether it's a purchase or refinance, you are working with highly skilled professionals that strive for outstanding customer service. When you are ready to begin the mortgage lending process, we will be with you every step of the way to make sure that your loan closes quickly and smoothly.

Licensing:  New Jersey (9930047), New York (B500993), Pennsylvania (33116), Florida (MLD1382)

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*This site is not authorized by the New York State Department of Financial Services. No Mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.*

© 2019 by Omega Financial Services. All Rights Reserved | NMLS# 20169