Loan Programs

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The following is a partial list of programs offered by ZFG Mortgage with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 918-459-6530 .

Conventional / Conforming Mortgage "Fannie Mae Freddie Mac"

Traditional loan programs that usually require anywhere from 5% to 20% down and offer competitive interest rates. Good credit is necessary.

No Down Payment Mortgages

0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs).To qualify for this mortgage product you (Must Have at least a 620 Credit Score & No-Bankruptcy in the last 2 years & No-Foreclosures in the Last 3 Years)

Jumbo Loans

Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation. Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.

High Debt Ratio Loans

A ratio of monthly bills to monthly income higher than 45% is considered a high debt ratio. Loan programs are available for borrowers in this situation, allowing them to finance or refinance a property. Loan must be approved threw FHA OR Fannie Mae automated underwriting system to be eligible for this program. Primary residence only.

Second Mortgage Loans

Subordinate to the first mortgage, these loans offer the borrower the ability to get money for home improvement, debt consolidation, or many other reasons without disturbing their first mortgage. Convenient when you have a low interest first mortgage.

Construction Loans

Building a new home can be an exciting prospect - unless you get caught up in a construction loan approval process that is overly complicated and time consuming. With this loan, we will finance up to 90% of the cost of land plus the costs of construction. We offer a one-time fixed rate closing or traditional ARM products.

Investor Loans

Used to finance 1-4 family properties that will be for investment with as little as a 20% down payment. Aggressively priced.

Oklahoma FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment and they can even finance (allowable) closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

Flex 97%

Similar to FHA, but without maximum mortgage amount limitations. Must be a single family, owner occupied home and borrower must have a credit score of over 680.

VA Mortgages

Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.

100% Oklahoma USDA-RD Mortgage

100% Mortgage,0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs) To qualify for this mortgage product you (Must Have at least a 620 Credit Score & No-Bankruptcy in the last 2 years & No-Foreclosures in the Last 3 Years)

Oklahoma FHA Stremline Refinance

Rate reduction refinance no minimum credit score requirement.

FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment and you can even finance (allowable) closing costs. Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

USDA Mortgage

100% Mortgage,0% down payment required and closing costs paid by the borrower (seller can contribute up to 6% towards closing costs) To qualify for this mortgage product you (Must Have at least a 620 Credit Score & No-Bankruptcy in the last 2 years & No-Foreclosures in the Last 3 Years)

Conventional Loans WITHOUT Mortgage Insurance/PMI

We offer conventional loans without monthly mortgage insurance for borrowers with less than a 20% down payment or equity in there current loan. Call for more details on this product.

No Mortgage Insurance or No Monthly PMI Loans

ZFG Mortgage we offer a ZFG exclusive Conventional/Conforming Home Loans without monthly mortgage insurance "PMI" for borrowers with less than a 20% down payment or equity in there current loan. Good credit is required. Call for more details on this product.