Where does Omni-Fund do business?
Omni-Fund is a direct lender based in Murrieta, CA. The company was founded in 1996 and offers mortgages to borrowers in 15 states.
How much can you borrow via Omni-Fund?
Omni-Fund allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What range of rates does Omni-Fund offer?
Omni-Fund offers home loans with APRs starting at 2.572% .
Does Omni-Fund charge a mortgage origination fee?
Yes, Omni-Fund may charge a loan origination fee.
What mortgage programs does Omni-Fund offer?
Omni-Fund offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Omni-Fund allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Omni-Fund allows the following property usage types:
- Primary home
- New Mexico
- North Carolina