"Oikos" means;
"House, Home and Family."

Oikos Mortgage

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Ways To Qualify For Your Mortgage

Bank Statements

Purfect for those borrowers that are Self-Employed or Independent Contractors; who can show their income based on their Monthly Deposits into their Business Account or Personal Account.

Stated Income

Our Stated Income Loan program is specifically designed for those borrowers that are Self-Employed, Independent Contractors or those in Business-For-Self. The borrower who pays taxes, after expenses.

Full Documentation

This is the traditional way of qualifying for a Home Loan; where you provide your Two Most Recent Pay Stubs, W2 Forms for the Two Prior Years and possibly your Tax Returns for the Two Prior Years.

Limited Documentation

This affords the borrowers the ability to provide a limited amount of information on their mortgage application for qualifying purposes, as concerns income, employment or asset information.

Oikos Mortgage

Having blossomed through the Great Recession; having withstood the U.S. Mortgage Crisis; being originally established in 1997 with the vision of value-added lending, using commonsense underwriting, inclusion of all income, credit and asset types; we have rekindled the American Dream of Home Ownership and Real Estate Investment.

You didn’t decide on a Home or Rental Property investment that was perfect for someone else — you decided on what was perfect for you!

The first part of the word MORTGAGE is “MORT”, as in Mortify or “to put to death”; therefore we understand that some mortgages in the past have been a death grip on the consumer, if they weren’t given the right Mortgage Loan Program, to fulfill their goals.

“Buying a Home or Investment Property or Refinancing your present mortgage can be a big step if you’re not familiar with the process, so rely on us to provide you with the Mortgage Loan Program that’s perfect for you.”

Our team of industry professionals will guide you through this important financial decision with our value-added service, focused  qualifying and  make-sense underwriting.

Head office

  • 11660 Church Street Suite 124F
  • Rancho Cucamonga, CA 91730

Customer Service Center

1-213-785-8167 / info@oikosmortgage.com

How It Works?

1. Tell Us Your Loan Needs

Are you buying a home to live in? Are you a First Time Buyer? Purchasing a Rental Property for investment. Wanting a vacation home? Do you work in another state and spend 5 to 6 months per year in California and you’re therefore wanting to purchase a Second Home. Want kind of loan do you need?

2. Get A Quick Loan Quote

Get Pre-Approved for your loan.
If you’re buying, before you begin to shop for a new home, you should set up a time to meet with us or Apply Online, so we can figure out how much you can afford. This will put you in First Position as a buyer to have your Offer Accepted, before any others. 

3. Confirm Your Eligibility

It’s important to understand the distinction between being just pre-qualified and being Pre-Approved for your loan. There is a vast difference between the two. Take advantage of our Ready Buyer Program; we actually underwrite your loan completely and have funds reserved for 90 days, exclusively for you to purchase.

4. Decide Which Loan Is Best

We offer the traditional 30 Year Fixed Rate Mortgage, as well as the 20, 15 and 10 Year Fixed. We have our 2, 3, 5 & 7 Year Hybrid ARM; which Interest Rate is Fixed for 2, 3, 5, or 7 Years then it becomes an Adjustable Rate Mortgage. We provide FHA Insured Mortgages and VA Guaranteed. And much more; remember it’s your loan, so you choose what’s best for you. 

5. Apply for Loan

Just Click “Get Your Loan Now!” to get started. Or Get A Quote Today, to reach one of our Mortgage Professionals for our value-added service.

Get Your Loan Now!

You are 1 step away from the loan you need. Just click on the button below to provide us with some details and you are on your way.

Refinancing With Oikos Is Easy

Whether you want to save some much needed money or just want a little flexibility in your budget, refinancing is all about making your mortgage work better for you when you need it.

  • Oikos leads you through the choice, of the right program to fit your needs
  • Qualifying, processing, documentation requests and underwriting is easy
  • Oikos Mortgage Funding really cares; if it’s not good for you, they tell you

Frequently Asked Questions

Am I better off Renting or Buying?

The decision to rent or buy differs for everyone, as there are benefits to both.

Buying a home to “live in” could be a better deal than renting depending on how long you plan to live in your home and the loan you choose.

The truth of the matter is that, while there is still a Schedule A write-off for the Mortgage Interest, Property Taxes and Insurance on the home you live in, there are other expenses that increase when you go from a Renter to a Buyer; like those Property Taxes and Insurance that you can write-off; first you must pay them during the year, before you can write the off.

But there is “Equity Appreciation”, both Sweat Equity and Market Equity that you can tap into when necessary, when you are buying the home.

Contact Us for more details.

The advantages of owning "Buying"?

A home purchase gives you personal benefits such as a sense of investing in your community and pride for achieving the dream of home ownership. There are some strong financial benefits as well, especially the tax savings you may enjoy. Interest payments on a mortgage are typically tax deductible (consult your tax advisor for more information). As you continue to make mortgage payments, you’ll build home equity, as opposed to paying rent to someone else.

How much can I afford to borrow?

Everyone’s financial situation is different; it is important to recognize what you can comfortably afford. In general, the loan amount you can afford depends on four factors:

  • Your debt-to-income ratio, which is your total monthly payments as a percentage of your gross monthly income
  • The amount of cash you have available for a down payment and closing costs
  • Your credit history
  • The value of the property you are purchasing

Contact Us for a better understanding of how much you can afford.

How much Down Payment do I need?

Your down payment depends on the type of home loan you choose and the type of property you are buying. Your required down payment can range anywhere from 1% down to 30% down, depending upon the property type, purchase price and weather you will live in it or not.

We offer a variety of different loan programs, including low down payment options. Each loan programs has different rules regarding the down payment required. Down payments can also vary by the amount you want to borrow, as well as concerns like credit history.

What's the difference: a Fixed-Rate or Adjustable-Rate Mortgage?

An Adjustable Rate Mortgage (ARM) is a loan that starts off with a low interest rate for an initial period of time (anywhere from 1-10 years), and then the rate adjusts periodically to reflect changes in market interest rates. As a result, your monthly payment could either go up or down depending on interest rates when your loan adjusts.

With a Fixed-Rate Mortgage, the interest rate remains the same throughout the life of the loan, and your payments won’t change. As a trade off for the security of knowing that your monthly payment won’t increase, Fixed-Rate Mortgages typically have a slightly higher initial interest rate than Adjustable-Rate Mortgages.

Borrowerss who plan to remain in their homes for a longer time or prefer steady rates and monthly payments may prefer a Fixed-Rate Mortgage.

One of our seasoned professionals can help you compare mortgage loan programs and choose one that works with your individual goals.

What is a Conforming Loan?

A Conforming Loan is a mortgage loan with an amount that is at or under the Maximum Loan Amount for loans that the GSE’s, i.e. the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) are legally allowed to buy from banks and securitize into Mortgage-Backed Securities. As well, the must have :

  • a minimum credit score of at least 620.
  • Debt-To-Income Ratio of no more that 43%
  • and 20% down

You can put less then 20% down on a Conforming Loan, but will need to have Private Mortgage Insurance (PMI) or take a higher interest rate with PMI included into the interest rate by the lender; this is call LPMI or Lender Paid Mortgage Insurance.

What is "PMI"- Private Mortgage Insurance?

Private mortgage insurance, also called PMI, is a type of mortgage insurance you are required to pay if you have a Conforming/Conventional Mortgage Loan. Like other kinds of mortgage insurance, PMI protects the lender—not you—if you stop making payments on your loan.
PMI is arranged by the lender and provided by private insurance companies.
PMI is usually required when you make a down payment of less than 20 percent of the home’s purchase price. If you’re refinancing with a Conforming/Conventional Mortgage Loan and your equity is less than 20 percent of the value of your home, PMI is also usually required.

What is a Non-conforming Loan?

A Non-Conforming Loan is a Mortgage Home Loan that fails to meet bank criteria for funding. Non-conforming loans can be either Alt-A or Sub-Prime loans.

The reasons a borrower might need a Non-Conforming Loan include:

  • the loan amount is higher than the Conforming/Conventional Loan Limit
  • the borrower is self-employed and can’t provide tax returns, W2 Forms
  • the borrower has a lack of sufficient credit
  • the un-conventional of the use of funds for a refinance
  • the property type being purchased or refinanced.

Non-Conforming Home Loans can be funded by Oikos Mortgage.

A large portion of real-estate loans are qualified as Non-Conforming because either the borrower’s financial status or the property type does not meet Commercial Bank guidelines.

The flexibility of Non-Conforming Loans allows for a much wider range of Mortgage Home Loans to be funded.

Contact Us for more details about Non-Conforming Loans.

What is (APR) Annual Percentage Rate?

It is important to understand the difference between your interest rate and APR.

Your Interest Rate is the direct charge for borrowing money.

The APRAnnual Percentage Rate, however, reflects the cost of your mortgage as a yearly rate and includes the interest rate, origination charge, discount points, and other costs such as bank fees, processing costs, documentation fees, prepaid mortgage interest and  Upfront and Monthly Mortgage Insurance Premium, with a FHA Insured Mortgage.

When comparing loans across different lenders, it is best to use the quoted APRs for the same type and term of loan.

Your Home; Our Hands.

If you’re ready, when would “Now” be  the right time for you to get started?.

Our Satisfied Customers

“Oikos, I looked it up.”

“It’s the greek word for Home and Family; and I must say, they treated Me and my Family, with the care and kindness that I imagine they treat their own.”

Rochelle R. -Compton, CA

“My Home, their Hands?”

“Yes, I found myself in very capable hands.” Their 1% Down Payment Program is a masterpiece. I did have to attend a Home Buyer’s Workshop, but I completed it online, in the comfort of my own space.

David J. -Ridgecrest, CA

“I opted for one of their Hybrid ARM’s, the 7 Year Fixed.”

I lost my home to foreclosure in 2010. I did’t think I’d ever be a homeowner again, but Oikos made it happen. I purchased a 2 Bedroom, 1 Bathroom for my Son and I. I only plan to be in it for 5 years, and refinance it to give him college money, so they lead me to the 7 year Fixed at a outstanding interest rate.”

Gerald L. -Los Angeles, CA

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