Is it difficult to get a home mortgage?

In the real estate business, it seems as if we are always hearing people, even Realtors, say that it is difficult to get a home loan in the Tulsa, OK area right now. Is it really difficult to get a home mortgage? No, It is not difficult to get an Oklahoma home loan, the requirements have simply changed. Right now, you do have to qualify for a Tulsa OK home loan. You must have a job and the lender will run a credit report. Years ago, that was not required. You need to fill out an application (in person, online or by phone). Then your information will be verified. For self-employed persons, your tax returns will be verified as well as your employment and income.

There are many options available for an Oklahoma home loan. When it comes to down-payments for example, an FHA loan requires a low down-payment of only 3.5%. A VA loan requires even less. When you hear someone say that it is difficult to get a home loan, now you know the truth.....It is not difficult to get a home loan, it has just changed.

Get a knowledgeable loan expert and find out your options for a Tulsa OK area mortgage today! Call Karen Heston with BOK Mortgage at 918-230-9432 or visit her website.

For all your Tulsa, OK area real estate needs, contact The Baskin Real Estate Specialists at 918-258-2600 or www.darrylbaskin.com.