Today Lending

Has a change in income, illness or other issues caused you to fall behind on your mortgage payments?  Don't ignore the problem; get help if you are struggling with your VA home loan OK.

Everyone at some time or another falls on hard times and that's okay.  Know that you do have options and there is help available.  Taking the proactive approach, even when you can't see the forest through the trees, can mean the difference in saving your home or losing it.

Of course the VA has resources to help you through the financial crises.  The VA has nine regional loan centers that assist homeowners in avoiding foreclosure through counseling and other special arrangements.  Depending on your circumstances, the VA can jump and help you overcome your obstacles.

Another option is to contact your lender and ask for help.  This might be easier said than done, but your lender doesn't want your home back and they are usually willing to help you stay in your residence.  Options such as repayment plans, loan modifications, and forbearance are just a few of the options that may be available to you.

The key to getting out of your financial hole is communicating.  Call your lender and see what can be done to help you today.  Help is available if you are struggling with your VA home loan OK, you just have to get it.  The longer you wait, the harder it will take to come out of your current situation.  Make that call today!

Oklahoma mortgages are similar to other mortgages throughout the United States. However, there are some differences. When looking for an Oklahoma mortgage, you will want to deal locally as they will be more likely to understand what is available in your area.

USDA Loans

USDA loans are loans guaranteed by the government. The big catch is that the house must be in a rural area. Local lenders will know which houses in the area qualify.

The other big difference with USDA loans is the limits. Income limits along with loan limits vary from one location to another. For example in Tulsa, OK, the maximum allowable income for a family of four is $73,600. Other areas have a different maximum income.

Native American Loan Programs

Did you know that the section 184 loan guarantee program was created for Native Americans? This allows Native Americans to attain a mortgage on tribal land. Of course, the Bureau of Indian Affairs is required. It creates leasehold that allows the house to be foreclosed on while the tribe maintains the land rights. Contact a local lender to learn more about Native American Mortgage Loans.

These are just two reasons that local lending is best. However, there are many more reasons to go local. For example, you can go to a local place in person and a local person understands the needs of the area.

Locally based and locally established lenders make better mortgage matches. Essentially, they offer more convenience for the potential homebuyer.

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Today Lending (www.TodayLending.com) is owned by Chris and Kelly Davenport and is one of the top home lending institutions in all of Oklahoma and Texas. Chris and Kelly Davenport are also top real estate consultants in Tulsa, Oklahoma and own The Davenport Company (www.DavenportCompany.com) which services home buyers and sellers in the Greater Tulsa region. Contact Chris anytime at (918) 340.0010 for more information.