Federal Housing Administration loans are now available through OMB’s Residential Lending services. OMB was recently granted approval to immediately begin offering these popular government-backed mortgage loans that can provide a variety of advantages for homebuyers including more lenient credit requirements, lower down payments and decreased monthly payments. FHA loans are issued by financial institutions and insured by the federal government.
“OMB’s Residential Lending team is dedicated to meeting and exceeding the needs of our borrowers and our referral partners,” said Michael Frerking, director of residential lending. “With in-house processing and underwriting, we can now assist our borrowers from start to finish with all of OMB’s loan products and programs, including FHA loans now. Community means a lot to us at OMB, so we’re proud to say that decisions are made right here with us locally, in our bank and in the communities we serve.”
Plan for Anything
Our 40+ free financial calculators can help you finesse your budget, compare borrowing costs, forecast earnings and so much more.
LATEST NEWS
When Does Refinancing Your Mortgage Make Sense?
Refinancing your mortgage can lead to lower payments, better terms or faster payoff—but timing is everything. Learn when it’s the right move and what to consider before you act.
Is It Better to Rent or Buy a House in Today’s Market
With high mortgage rates and stable rent prices this summer, deciding to rent or buy depends on your financial situation, goals and long-term plans.
Preparing Your Finances for Buying a House
Whether you’re a first-time buyer or upgrading to your dream home, laying a strong financial foundation is essential. Here are some practical steps to prepare your finances for buying a house.