|Loan Term||15 - 30 years|
|Loan Amount||$75,000 - $3,000,000|
Omni-Fund is a mortgage refinance offering by Omni-Fund, a direct lender based in Murrieta, CA. Founded in 1996, Omni-Fund offers mortgage refinancing to borrowers in 15 states across the USA.
What range of mortgage balances will Omni-Fund refinance?
Mortgage refinancing loans start at $75,000 and go up to $3,000,000
What is the maximum loan term for a mortgage refinance via Omni-Fund?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Omni-Fund offers mortgages refinancing with terms ranging from 15 to 30 years.
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