What advantages come with choosing an Omega Builder Preferred Lender? Each of Omega's preferred lenders has met stringent standards set by Omega. They are knowledgeable about new home construction, various loan types, and how to secure the optimal financing option for you. If we wouldn't use them ourselves, we wouldn't recommend them! Here are three benefits you gain by working with them:
1. Additional Buyer Incentives
When you choose one of our preferred lenders, Omega will pay for your Survey ($450) and Title Policy fees (based on sales price, around $2,500 - $3,500). In addition, preferred lenders offer additional incentives, such as a credit to go towards closing costs (promotions vary per financing institution). Choosing a preferred lender can results in additional savings!
2. Knowledge & Experience
Our preferred lenders have worked with us time and time again, building more experience with each house sold. They are experts about different loan options such as FHA LOANS, VA LOANS, ZERO DOWN, CONVENTIONAL, RESIDENT DOCTOR LOANS, ITIN LOANS, RIGHT@HOME LOANS, and INVESTOR LOANS. These loan specialists are equipped to help you find the right financing option to fit your needs.
3. Smooth Process
Not only are they experts in lending and financing options, our preferred lenders work side by side with us to understand the requirements needed to ensure a smooth home buying process. They provide excellent customer service, clear communication, and on-time closing. We recommend these elite group of processionals because they have proven themselves to be reliable and a trusted partner for both Omega and you. Our list of preferred lenders is by invitation only and is solely based on a proven track record over time.
You have the flexibility to choose your lender, whether it's one of Omega's preferred lenders, or a different lender you discover independently. The key is to choose a reliable source that you feel confident with for your homebuying experience!
💰 Top 5 Lender FAQs When Buying a Home
1. What does a mortgage lender do?
A mortgage lender provides the financing you need to purchase a home. They review your financial information — including income, credit score, and debt — to determine how much you can borrow and at what interest rate. The lender then funds your home loan and manages your payments after closing or transfers servicing to another company.
2. What’s the difference between a lender and a mortgage broker?
A lender is a direct source of the loan — they provide the funds and make final approval decisions.
A mortgage broker, on the other hand, acts as a middleman who works with multiple lenders to find you the best rate and loan option. Working with a lender can streamline the process, while a broker may offer more variety in loan programs.
3. How do I choose the right lender for my home purchase?
When choosing a lender, compare more than just interest rates. Look for:
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Competitive loan terms and closing costs
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Strong customer service and communication
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Experience with your loan type (FHA, VA, Conventional, etc.)
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Pre-approval speed and flexibility
Reading reviews and asking your builder or real estate agent for trusted recommendations can also help you find a reliable lender.
4. What documents do lenders require for loan approval?
Most lenders will ask for:
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Recent pay stubs and W-2s
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Tax returns (usually two years)
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Bank statements and asset verification
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Photo ID and proof of residence
These documents help verify your income, credit, and ability to repay the loan. Being prepared with this paperwork can make pre-approval faster and smoother.
5. What is a mortgage pre-approval and why is it important?
A pre-approval is a lender’s written estimate of how much you can borrow based on your verified finances. It helps you shop confidently within your budget and shows sellers or builders that you’re a serious, qualified buyer. Pre-approval also helps lock in interest rate options and speeds up the closing process once you choose your home.
