Serving the needs of Massachusetts, New Hampshire, Connecticut , Maine, and doing so in Michigan and Florida as Omega Financial.
More and more people are choosing Omega Mortgage for their financing needs.
Through our superior customer service we have helped thousands of people
obtain mortgages for 20 years.
License Information
Omega Mortgage, 333 Boston Post Rd., Sudbury, MA 01776. Licenses
include:
Massachusetts Mortgage Lender and Mortgage Broker MC0077
Sudbury
Connecticut Lender Lic #12726
Florida Lender Lic #ML0400201
Maine Lic # SLM 11225
Licensed by the New Hampshire Banking Department, New Hampshire Lic #5920MB
Lic #9862-MHL
Rhode Island License # 20092607LL
Internet Direct FHA # 77144-0003-3
Corporate Headquarters 333 Boston Post Rd
Sudbury, MA 01776
Phone: 978-443-3337
Fax: 978-443-1450
Contact: Denise Bey
MC-0077
>> Buying A Home
Omega is sure you remember how complicated and aggravating securing financing for the purchase of your home can be. It is our goal to make the financing process as smooth and pleasant an experience as possible. Omega Mortgage is one of the oldest privately owned mortgage companies in New England and has successfully addressed the needs of thousands of home buyers.
Our focus is on getting you the loan you need. We use the same process and dedicate the same amount of time and energy to every loan application regardless of its purpose or size. Whether your are seeking a $20,000.00 loan or a $2,000,000.00 loan, one of our loan officers will meet with you on a one to one basis and tailor a loan that is right for you. Omega wants to be your solution, not only today but also in the future.
We would welcome the opportunity to demonstrate our superb financing skills and our team of mortgage professionals to you.
>> First Time Home Buyer
Homebuyer tax credit extended and expanded
» Highlights :
» First-time homebuyer tax credit was set to expire Nov.30.
» Income threshold higher for existing homeowners.
» Time is of the essence for buyers.
» Homebuyer tax credit extended and expanded :
Homebuyers are receiving an early holiday gift from Congress and the White House.
This week, the Senate and House passed an unemployment relief bill that also extends the federal homebuyer tax credit into 2010 and expands the pool of eligibility beyond first-time buyers.
"Any program expansion can be considered a good thing for those seeking a primary residence," says Cameron Findlay, chief economist at LendingTree in Charlotte, N.C.
Now, it's up to President Obama to sign the measure into law. The White House has said it favors an extension.
Extending and expanding the credit will likely shape the type of home purchases that occur over the next few months, according to Findlay.
"Sales activity itself may not see a large increase," he says. "But we expect the mix of the sales to shift towards (the) primary residence owner."
» Bill details :
The new legislation extends the existing $8,000 first-time homebuyer credit beyond its scheduled Nov. 30 expiration date and into the spring.
A $6,500 credit also will be offered to existing homeowners who sell their current property and purchase a primary residence that costs $800,000 or less. To be eligible for the credit, move-up buyers must have lived in their present house for at least five years.
Income limits for the credit would increase to $125,000 for individuals and $225,000 for couples. Homebuyers who qualify must stay in their new homes for at least three years, or they will have to repay the credit.
To be eligible for the tax break, homebuyers would have to be under contract by April 30, 2010, with closings wrapped up no later than 60 days after that.
The legislation excludes investor-owned properties from eligibility, a move that appears to keep the program focused on "promoting long-term community price stabilization," Findlay says.
» Act soon :
Buyers are the most obvious beneficiaries of the expanded credit. But sellers also could get a boost, especially if they live in states stung by dramatic property value declines.
David Kuiper, a mortgage planner at First Place Bank in Holland, Mich., says homeowners who fear selling at a loss might be persuaded to do so anyway if they know they'll get money back in the form of a tax credit after buying a new home.
"It would help with the equity loss in the home they sell," he says.
Jim Sahnger, mortgage consultant for Palm Beach Financial Network in Stuart, Fla., says the credit could help reimburse other costs associated with selling a property, including "updating, minor renovations (or) recapture of closing costs."
However, the credit's impact also could cut in negative ways. As the spring expiration date draws nearer, sellers might use the credit as leverage against buyers who are "under the gun to get a deal done," Sahnger says.
"The closer we are to the deadline, the more sellers may be apt to hold firm on pricing," Sahnger says, noting that such a pattern emerged in recent weeks as the original Nov. 30 deadline loomed.
For those of you planning to build your own home, Omega Mortgage offers both adjustable and fixed rate construction loans. Many of our programs allow the option of automatically converting from construction financing to a conventional mortgage upon completion of your home. With our building loans you avoid having to go through two closings, saving you time and money.
Buying Land
Omega Mortgage is one of a handful of companies in New England which finances land purchases. If you want to buy a piece of land to develop in the future, Omega will finance the land purchase. When you are ready to build, we can also finance the construction of your dream home.
Renovating a Home
Omega offers loans for those who would like to purchase a home that needs renovation. With one loan we can accomplish both these goals. Omega also offers loans for renovation of and additions to a home you already live in.
>> FHA Loans
The Federal Housing Administration (FHA), which is part of the U.S. Dept. of Housing and Urban Development (HUD), administers various mortgage loan programs. The FHA is an agency of the federal government and insures private loans that are issued for new and existing housing, and loans that are approved for home repairs. FHA loans have lower down payment requirements and are easier to qualify than conventional loans. FHA loans cannot exceed the statutory limit.
Omega Mortgage's Fast Application System is the most advanced loan assessing technology available. Our Fast Application System takes a broad look at who you are rather than a snapshot view of your credit history when determining your loan eligibility. As a result, we routinely lend to individuals who have been rejected by other institutions. We would welcome the opportunity to help you with the financing you desire, but think you can not obtain.
>> Refinancing your home?
As one of the oldest privately owned mortgage companies in New England Omega Mortgage has accumulated years of financing experience. Omega invites you to leverage our extensive financing knowledge to your advantage. We tailor our loan to the unique needs of each customer rather than trying to squeeze a customer into a generic loan transaction. We understand that often you are seeking to refinance, take out a second mortgage or secure a home equity loan because you have a specific project in mind. Whether you are thinking about expanding or improving your home, paying for your children's education or wedding, purchasing a boat or a car or fulfilling some other dream, Omega will help you do it. And our Fast Application System lets you focus on your project rather than worry about how to finance it.
>> Contact Us
Corporate Headquarters
333 Boston Post Rd
Sudbury, MA 01776
Phone: 978-443-3337
Fax: 978-443-1450
Contact: Denise Bey
MC-0077
Woburn Office
7 Wheeling Ave Ste 2A
Woburn, MA 01801 Phone: 781-995-3440
Fax: 781-995-3423
Contact: Eric Abenaim
MC-2398
Natick Office
(Bank Depot Corp./Wholesale Home Rate)
679 Worcester Rd.
Natick, MA 01760
Phone: 877-614-0240
Fax: 617-812-4650
Contact: Denny Bey
MC-0077
Leominster Office
583 North Main St
Leominster, MA 01453
Phone: 978-537-4114
Fax: 978-537-0810
Contact: Dennis Senecal
MC-1261
Billerica Office
1 Survey Circle #102
North Billerica, MA 01862 Phone: 978-439-6600
Fax: 781-240-6435
Contact: Clare Taddeo
MC-2517
Everett Office
425 Broadway
Everett, MA 02149
Phone: 617-389-4416
Fax: 617-389-4418
Contact: Mike Romano
MC-2465
Dracut Office
1677 Bridge St.
Dracut, MA 01826
Phone: 978-441-0300
Fax: 978-349-6062
Contact: Darren Sturtevant
MC-5249
Georgia
Phone:800-832-4432
Contact: Denise Bey
Lic #0500311
>> Second Mortgage
As one of the oldest privately owned mortgage companies in New England Omega Mortgage has accumulated years of financing experience. Omega invites you to leverage our extensive financing knowledge to your advantage. We tailor our loan to the unique needs of each customer rather than trying to squeeze a customer into a generic loan transaction. We understand that often you are seeking to refinance, take out a second mortgage or secure a home equity loan because you have a specific project in mind. Whether you are thinking about expanding or improving your home, paying for your children's education or wedding, purchasing a boat or a car or fulfilling some other dream, Omega will help you do it. And our Fast Application System lets you focus on your project rather than worry about how to finance it.
WELCOME TO OMEGA MORTGAGE
