A Gateway to Homeownership

Empowering Homebuyers with Flexible Solutions

Oak Leaf Community Mortgage is committed to helping you achieve your dream of homeownership. Our Federal Housing Administration (FHA) loans are designed to provide an accessible path to buying a home, especially for first-time homebuyers or those who may not qualify for conventional loans. With lower down payments and more flexible credit requirements, FHA loans are an excellent option for many borrowers.

Your Guide to FHA Financing.

FHA loans are government-insured mortgages that offer:

Lower Down Payments:

As low as 3.5%, making homeownership more attainable.

Lenient Debt-to-Income Ratios:

More accommodating for borrowers with existing debts.

Flexible Credit Requirements:

Suitable for those with less-than-perfect credit histories.

Fixed-Rate Mortgage:

Qualifying for an FHA Loan:

Credit Score: Minimum credit score requirements apply. Typically, a credit score of 580 or higher is required for a 3.5% down payment, but lower credit scores may be considered with a higher down payment.

Employment History: A stable employment history is typically required, with consistent income over the past two years. Employment may be verified through pay stubs, W-2s, and tax returns.

Property Appraisal: The property must meet certain standards and pass an FHA appraisal, which includes inspections for safety, soundness, and other criteria. The appraisal aims to ensure that the property is suitable for FHA financing.

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Benefits of Choosing an FHA Loan with Oak Leaf

1

Competitive
Interest Rates:

Enjoy favorable interest rates that can reduce your monthly payments.

2

Reduced Closing
Costs:

FHA loans allow for a higher percentage of seller paid closing costs.

3

Gift Funds
Acceptance

Down payments can be covered through gifts from family or friends.

Explore Our FHA Loan Products

We offer a range of FHA loan types to suit different needs, including:

Standard FHA Loan:

Ideal for first-time homebuyers needing a lower down payment.

Features: Up to 96.5% financing, fixed interest rates.

FHA 203(k) Rehabilitation Loan:

Best for buyers looking to purchase and renovate a fixer-upper.

Features: Financing for both purchase and renovation costs.

Start Your Fha Loan Application Today

How to Apply:

Start Your FHA Loan Application Today

Evaluate Eligibility:

Begin by reviewing your financial situation against FHA loan requirements to determine if you meet the criteria.

Gather Necessary Documents:

Prepare important documents, including tax returns, bank statements, employment verification, and any other documentation required for your FHA loan application.

Submit Your Application:

Contact our FHA loan specialists, who will assist you in navigating the application process. You can reach out to them for guidance and support by contacting us. Our team is here to help you every step of the way.

Your Partner in Achieving Homeownership

At Oak Leaf Community Mortgage, we believe in making homeownership accessible. With our FHA loans, we open doors for a wider range of homebuyers, providing a supportive path to owning your dream home.

Success Stories

As 30+ year real estate investors who purchase distressed 1-4 family properties to rehab and sell to primary resident buyers, it is essential to have a lending relationship that we can depend on who fulfills our acquisition and construction funding needs. Joseph LaGiglia, Angie Petrizzo, and the whole team at Oak Leaf Community Mortgage, who is powered by North Shore Trust and Saving, is our “partner” in the true sense that old school community banking used to be known for. With rates and fees well below the traditional funding sources in our business, and having the confidence through our experience to know if they say they will close our loan they do, we are able to be a leading solution to homeownership needs within the communities we are focused in. Thank you OLCM for another successful closing.

- Joe S.

I would 10/10 recommend Oak Leaf Community Mortgage to anyone!! I have been in the financial services industry for more than 15yrs and these guys (and gals) knock it out of the park! Joe LaGiglia and crew are one of kind, they truly care about your situation and work hard to ensure you are in the right product/timing/finances for your needs. They are extremely responsive, friendly and knowledgeable and make the home buying experience a breeze. Using Oak Leaf is a no-brainer…you won’t regret it!

- Hannah S.

I recently refinanced with Joseph LaGiglia at Oak Leaf and could not be happier with the process. I was told, upfront, the time to refinance was extended due to the low rates prompting many to refinance. He offered a solid rate and locked it in after initial paperwork was completed. I received multiple phone calls from members of the team to update me on the process. A small, but communicated snag, was hit and my closing was pushed back one week. Joe was empathic on the process as he walked me through the final days until close. At close, I asked the title company about the rate and was told, “That is a good rate for a 15 year, and you are at a 30!” Communication is vital, and the team at Oak Leaf was beyond my expectations. If rates ever go this low again, I will call. I recommended Joe/Oak Leaf to my friends and family.

- JP M.

Frequently Asked Questions

FHA loans are government-insured mortgages with lower down payment requirements and more flexible credit criteria. Conventional loans, on the other hand, are not government-backed and often require higher down payments but may have lower overall costs. FHA loans are typically favored by those with less-than-perfect credit histories and lower down payment capabilities, while conventional loans may suit borrowers with stronger credit and larger down payments.

FHA loans are typically intended for primary residences, and there are restrictions on using them for investment properties. Generally, you cannot use an FHA loan for purchasing investment properties. These loans are designed to help individuals and families achieve homeownership for their primary residences.

FHA loans offer refinancing options, including streamline refinances that simplify the process. Specific requirements and considerations may apply when refinancing an existing FHA loan. The eligibility criteria and process for FHA loan refinancing can vary, so it’s essential to consult with our experts to explore your options. Whether you’re looking to lower your interest rate, shorten your loan term, or tap into your home’s equity, we can provide guidance tailored to your needs.