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Best Foreclosure Purchase Program on the Market PDF Print E-mail
Written by Administrator   
Tuesday, 25 May 2010 15:20


We have a program that allows anyone to buy a Fannie Mae foreclosed home with very little money out of pocket. This is a great program for Investors and first time Homeowners. The program is specifically designated for homes that are fannie mae foreclosures and in my opinion, is the best foreclosure program on the market to date in terms of benefit to the buyer.  To find these specific homes in your area Click Here and input your city, state, zip etcetera and you are on your way. Its that easy! Oakwood Financial Corp is a Fannie Mae approved lender  in the state of Texas. We look forward to servicing your needs moving forward, Call Today for a "Free" consultation with our Licensed Mortgage Loan officers (512) 636-8162

 


Benefits of the "Home Path" program are:
No Mortgage Insurance down payment as low as 10% on investment properties and as little as 3 % down on owner occupied home and 2nd homes
low credit score requirements *** see loan officer for details No Appraisal Required NO MORTGAGE INSURANCE  regardless of occupancy status
Fast Closing Turn Times


 

 



Last Updated ( Friday, 16 July 2010 19:56 )
 
The Last Refinance Boom is upon us PDF Print E-mail
Written by Rb   
Thursday, 15 July 2010 00:00

Troubled stock markets continue to do wonders for the bond markets, which in turn is providing for some of the lowest home interest rates we've ever seen. Currently homeowners are rushing to lock in their rates on today's lower fixed rates, and with good reason. Why do this? Great question, refinancing your home is an ingenious way to lower one of the largest liabilities the average household may have... "The mortgage payment". To date we have refinanced thousands of  indiviuals and in some instances have saved homeowners up to $300/month. Of course the savings are going to be different for each home owner and contingent upon your given set of circumstances, but we are more than happy to help you crunch the numbers. As a rule of thumb, refinancing your home makes since if you can reduce your interst rate at least 1.5% or > . An added benefit to refinancing is that you can lower your term simultaneously while capturing a lower rate such as a 20 year, 15 year, or 10 year term. And remember for those whom currently hold FHA notes, we can still coordinate an FHA streamline refinance, significantly reducing needed paperwork to coordinate your loan. Also, at current time we are still coordinating Texas Home Equity Cash Outs. Your options are limitless with Oakwood Financial Corp and we guarantee to beat our competitors closing cost and/or interest rate. Contact us today for a free no hassle consultation. Trust us, it will be worth your time and efforts. A 7 minute call could you save you $1000's over the life of the loan. But i urge you, hurry... interest rates are on the precipice of rising here soon.

 

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Last Updated ( Thursday, 15 July 2010 22:59 )
 
No Kidding -You Can Buy a Home with as little as a $100 down payment... PDF Print E-mail
Written by Administrator   
Wednesday, 30 September 2009 14:55

FHA and other Government sponsored entities (GSE's) are making owning a home more  and more affordable every day. The latest program allows for potential homeowner to become a new home owner with as little as $100.00 out of pocket instead of the standard 3.5% down. See example below:


Standard FHA loan requires 3.5% as a minimum down payment

$100,000 Sales Price

$3,500 down payment  = or 3.5%

Loan amount = $96,500

5.75% Interest Rate

*Monthly Principal and interest payment $563.15

*excludes taxes and insurance


FHA $100 HUD Repo Program

100,000 Sales Price

$100 down payment

Loan amount  = $99,900

5.75% Interest  Rate

*Monthly Principal and Interest payment $582.99

*excludes taxes and insurance

Click "Read More" below to learn more



Last Updated ( Friday, 16 July 2010 13:41 )
Read more...
 

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Newsflash

FHA rules make it easier for you to get a home loan!

 

Have you been saving up for a special occasion? What could be more special than owning you onw home? Even in todays market, home ownership can be a reality for you. Proof of regular deposits into a personal savings account is just one of the ways you can qualify for an FHA loan with non traditional credit. Want to lear more? Give me a call today so we can discussthe realitites of home ownership for you and your family

 

Respectfully,

 

Roland Browne

Sr. Loan officer

Oakwood Financial Corp.

(512) 636-8162

 

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