Business Details
28 Years
experience
Award-Winning Mortgage Lending Services
Omega Financial Services has been a trusted mortgage banking institution since 1998, founded on principles of integrity and client-centric service. Our team of certified professionals specializes in residential and commercial lending, offering tailored financial solutions through non-traditional approaches that address unique client needs. With in-house loan origination, processing, and underwriting capabilities, we deliver efficient and reliable service across 40 states. Our resilience through economic challengesfrom the 2008 housing crisis to the pandemicdemonstrates our adaptability and commitment to innovation.Recognized for community education initiatives and client-focused ethics, we prioritize transparency and long-term relationships. Our leadership in FHA 203(k) programs and niche loan offerings reflects our expertise in serving diverse credit markets, while maintaining a steadfast dedication to client satisfaction and industry excellence.
Services
Mortgage Loans
Refinance
Investment Loans
FHA 203(k) Loans
Free Consultation
Details
- Year established: 1998
Highlights and features
- We originate, process, and fund loans in-house for faster results.
- Specialize in FHA 203(k) programs for property rehabilitation.
- Serve clients with non-traditional credit histories.
- Licensed in 5 states with 25+ years of industry experience.
- Community-focused education on mortgage processes and credit repair.
Associations and certifications
- HUD.gov
- NMLS (National Mortgage Licensing System)
What people say
Extremely courteous
Reliable and honest
Guidance I needed
Low rate
Helped first-time buyer
Services
Mortgage Loans
We offer residential mortgage loans for first-time buyers, investors, and credit-challenged borrowers. Our programs include FHA, VA, and conventional options with competitive rates. Our in-house underwriting ensures faster approvals and personalized guidance throughout the process.
FHA 203(k) Loans
Specialized FHA 203(k) loans finance property purchase and renovation in one transaction. Ideal for fix-and-flip investors or homeowners seeking upgrades. Funds are released in stages as renovations progress, with down payments as low as 3.5%.
Refinance Programs
Our refinance options help reduce monthly payments, shorten loan terms, or access home equity. We offer conventional, FHA, and VA streamline refinance programs with flexible qualification criteria for improved financial outcomes.
Commercial Lending
Tailored commercial real estate loans for business property acquisition or expansion. We support investors and business owners with competitive rates and customized financing solutions for multi-family, mixed-use, and income-generating properties.
Credit Counseling
We provide personalized credit assessment and improvement strategies for borrowers with non-traditional credit histories. Our specialists help clients understand loan requirements and develop actionable plans to achieve mortgage readiness.
People
Adel A. Michael
Founder & President
Certified Commercial Banker with 25+ years in mortgage banking. Founded Omega in 1998 to provide accessible lending solutions. Holds MBA from NYU and active member of mortgage industry associations.
Peggy Velez
Co-Founder
Key leader in Omega's community outreach initiatives. Focuses on client education programs about mortgage terminology and credit repair. Recognized for contributions to financial literacy in underserved communities.
Questions
What documentation is required for a mortgage application?
We need two years of tax returns with W-2s, two months of bank statements, valid ID, and 30 days of pay stubs.
Can I qualify with non-traditional credit history?
Yes, we specialize in programs for borrowers with credit challenges and offer personalized improvement strategies.
How long does the mortgage process take?
Our in-house processing typically closes loans faster, with average timelines of 30-45 days depending on complexity.
Do you offer FHA 203(k) rehabilitation loans?
Yes, we specialize in FHA 203(k) loans for property purchase and renovation projects across multiple property types.
Are there options for self-employed borrowers?
We provide tailored documentation requirements for self-employed applicants while maintaining competitive loan terms.
