Oikos is the greek word for “House, Home and Family.”
Oikos Mortgage Funding understands that borrowing and lending money can be a long tedious process, particularly if all parties involved don’t have the same intention. We understand that every borrower’s and lender’s situation is unique, therefore we provide a varied array of loan products with flexible lending terms to a variety of credit positioned borrowers. By using a make sense approach to underwriting and creative financing solutions we are prepared to serve borrowers with credit scores as high as 800 or as low 300. Our intention is to be a beneficial presence on our planet; we look forward to serving you, as you manifest your life.
Your Home; Our Hands
The place you decided to call home wasn’t right for someone else — you decided on the home that was right for you!
Over a decade ago, in America we experienced the Great Recession and National Mortgage Crisis. Millions of Americans lost their homes, because they didn’t understand the Mortgage Programs they had.
The first part of the word MORTGAGE is “MORT”, as in Mortify or “to put to death”; therefore we understand that a mortgage can be a death grip, if you don’t have the right Mortgage Loan Program for you.
Back in the late 1800’s Farmers and Property owners saw it as a bad thing, to have to Mortgage their property, because they feared being indebted to the Banks. Before the Great Depression, mortgages were short term, 1 to 5 years and most homeowners renegotiated their mortgages every year. The modern mortgage market began to take shape after the federal government intervened in the 1930’s during the “Great Depression”.
A Mortgage is debt. When it comes to money how you think about it matters. Most people don’t have $350,000.00 cash money, sitting around to buy or refinance their home or property. So, in America Mortgages are considered as acceptable debt. The conventional wisdom is that it’s okay to take on debt that has the potential to either increase your net worth, boost your earnings potential or enhance your families well-being. In America, a mortgage is a generational commitment, so you want to feel at least agreeable, if not pleasant when you make your mortgage payment.
For most Americans it’s a big step, buying a house or refinancing the one you own now; so rely on us to provide you with the Mortgage Loan Program that’s best for you.
Allow our make sense qualifying and team of industry professionals to lead, guide and direct you through this important financial decision.
Yes, I need answers to my Mortgage questions now.
Get The Right Mortgage Loan “For You”
There are many different ways of qualifying to buy or refinance your property; you don’t always need to provide a lot of “stuff”.
Look below, at the details of how you can qualify with us and let us find the Loan Program and the way of qualifying for it, that’s best for you.
The mortgage applicant is not required to provide W-2 forms, tax returns or pay stubs to show your income. They simply “states” their income, on the loan application. These borrowers are self-employed and generally pay taxes after expenses, so their income, in their financials does not accurately describe the income that they generate on a monthly basis.
Alternative to A-Credit
Our First-Rate Prime / Alt-A program offers borrowers with reasonable credit, highly-competitive rates and loan options that are not available through Fannie Mae/Freddie Mac conforming lenders; it was created for those “just missed borrowers,” whom have credit scores that just miss qualifying for the conventional financing.
Bank Statements Only
This program allows you, the 2 Year Self-Employed borrower to qualify using 12 or 24-Months of your Personal Bank Statements; 12 or 24 Months of your Business Bank Statements, this is how we determine you income. Just remember you must be able to prove that you’ve been Self-Employed, in the same industry; for 2 consecutive years.
Investment Property "Rentals"
Residential rental properties like single family homes, condominiums, town homes and small apartment buildings provide the perfect opportunity for persons willing to be a landlord to grow their income by adding Rental/Investment property to thier holdings. For the borrower that rents out their first home that they ever owned, the butique landlord renting the 2 -4 units or the investor renting a 100 unit apartment building.
"NINA" No Income-No Assets
This is a type of loan where the borrower is not required to provide any income or asset information. Question: Why do we allow this? Answer: ‘NINA” is specifically designed for the High-Net Worth, Self-Employed borrower, with excellent credit. These borrowers generally pay taxes after expenses, so the income that shows on their financials does not accurately describe the income that they generate on a monthly basis. This loan in also known as, the No Income Documentation (or No Doc) loan;
2 Year - 3 Year - 5 Year Fixed "Hybrid ARM"
A hybrid loan gives you a fixed rate term, usually three, five, seven or ten years, with adjustable rates thereafter. These loans are typically expressed as a 3/1, 5/1, 7/1 or 10/1 ARM. The first number represents the number of years the rates are fixed. The second number indicates the adjustment interval (how often the interest rate will change). For a 7/1 loan, the fixed period is seven years with annual interest rate adjustments thereafter.
Conventional "A Paper"
The typical and common mortgage. The word Conventional means standard, regular, or normal. Also called a Conforming mortgage because it adheres (conforms) to the guidelines set by two of the GSE’s-Governemnt Sponsored Enterprises, “Fannie Mae and Freddie Mac”. As a borrower, for your loan to be conforming, you must (1) have a credit score of 620 of better. (2) Your credit report debt, including the house payment, with the property taxes and property insurance can be on more than 43% of your income. (3) Your LTV-Loan To Value should be at least 80%. However we do offer conventional programs that offer 90% to 97% for home purchasing and you can choose a fixed or adjustable rate.
Happy Borrowers in 2023
APPLY NOW – 10 to 21 Day Closing Time
Highly-Competitive Interest Rates and Loan Options
Make Sense Qualifying with No Red Tape
Depending upon value Appraisal may not be necessary
Call With Questions: (310) 386-1313
Before you begin to shop for a new home, you should set up a time to meet with us so we can figure out how much you can afford. This will put you in a better position as a buyer. It’s important to understand the distinction between being pre-qualified for a loan and Pre-Approved for a loan. The difference between the two terms is crucial when you are buying a property and deciding to make an offer to the seller.
Our Managed Process Is Simple
“The Focus Is You”
Gathering the necessary paperwork from you; based on your selected loan program; preparing and organizing your loan file for qualification to get your loan file into underwriting for approval.
Again based on your selected loan program, we use what we call the “3 C’s of Underwriting” to evaluate your loan file. C1- We review your Credit, we call this your Credibility. C2- We determine your Capacity, Income, your ability to pay the mortgage payments. C3- We look at your Collateral, the Property; the value of your property if you’re refinancing or your down payment; what percentage we have to lend, if you’re buying.
We work with your chosen Land Title Company, to obtain clear marketable title. We coordinate with your chosen Escrow company or Real Estate lawyer to facilitate the loan funding process. We make certain your property insurance is in place, and we’re done.
Your Happiness Is Our Intention
We know that Happiness, for the most part is predicated upon a persons circumstances. If the events in a person’s life are happening around them, “the way they want them to happen” they are Happy. However, if the events in a person’s life are NOT happening around them, “the way they want them to happen” they are Unhappy. We call these events happening around you, your “Life Structures”.
Approximately 5,340,000 homes were sold in the US in 2018. That’s 20,633 homes every working day excluding Saturday and Sundays, because Title and Escrow/Lawyers are closed, so no Closings take place.
According to the National Association of Realtors, the average home buyer spends a full 10 weeks hunting for properties. This hunt is done every-day; to the tune of 20,633 times per working day even more if you add back in Saturday and Sundays for Open Houses and Search time because they are off work for the weekend.
The place you call Home or the place where you get your Income (Job/Rental Property) is the foundation which your Life Structures is built on. We know and understand that the competition to acquire that Dream Property is massive, therefore our intention is to manifest this opportunity for you if you’re buying. And to manifest that Financial happiness, if you’re refinancing.
Us, focusing on the financial aspect of the Property transaction, which property you may call Home or Investment for family finance, is how we help you to manifest your life.
Reach out to us Today
If You Have Specific and Detailed Questions or Need Help To Get Started Call Us at (310) 386-1313