Where Are You Looking?

The time for us to begin acquring all the homes we’ll have available in 2009 is upon us. We’re looking for feedback from you as to what areas and price ranges you’d like to see more of.

We’re working hard to find some great deals for you. Please leave comments below to let us know what you’d like to see!

New Florissant Homes Added

Due to the slowdown of the season, we’ve been slow in adding new inventory lately, but I’m happy to announce we added two new homes in Florissant today.

1464 Monopoly, Florissant

$129,900. 
4 Bedroom Split Foyer home with in mint condition and a great location!
You’ll enjoy entertaining in the spacious family room or on the large deck that opens off the updated kitchen. Lovely neutral interior colors,newer fixtures, oversized one car garage fenced yard, newer storm door, and many other features will make YOU want to CELEBRATE THE HOLIDAYS with your family in this great home. Easy access to shops, restaurants, Hwy . 270 and Ferguson Florissant Schools.

 

Click Here for More Information on this Home

 

 

 

504 Rancho, Florissant
I’ve personally been in this home, it’s amazing! 
$184,900. 4 Bedroom 2.5 Bath two story home in a great location with tons of wonderful features. Invite your friends over to watch the Super Bowl in front of yourfireplace in the large family room or kick back on the 20×20 screened deck during the Spring and Summer. Large master suite includes separate tub and shower in the bath, oversized secondary bedrooms upstairs with ceiling fans and newer fixtures, huge basement with plenty of room for expansion and many more features you will absolutely love. Just minutes from shopping, restaurants, theaters and Ferguson/Florissant Schools.

Click here for more information on this home

RARE South County Home Added

We’ve just added a south Saint Louis County home in Webster Groves, MO to our list of available homes for our Rent to Own or Alternative Financing program.  And for a limited time only, the downpayment on this property is just $3000 !  Also you do not need to be preapproved for $199,900  to purchase this home!

This is very rare for us, so if you are interested in South Saint Louis County, Please Don’t Hesitate.

1612 Crabapple Ln
Webster Groves, MO 63119
Click Here For The Listing

$199,900

 This is a very nicely updated Webster Groves home. Refinished hardwood floors and new ceramic tiling throughout the main level. Beautifully updated bathrooms and kitchen. Finished lower level includes an office and additional living room with a built in entertainment center. The outdoor patio, deck, and gazebo areas offer a relaxing place to enjoy a cup of coffee while reading your favorite book or can be great for grilling and entertaining all of your friends. Additional features include: Newer electric panel, winter 2006/07. Large storage shed that matches the house. Newer fascia, gutting (leaf guards), and siding (Rolex brand). Many newer windows throughout the house. You won’t find another 3 bedroom, 2 bathroom house in the Webster Groves school district near this price range that has so many updates. May I also add that these are professional quality updates – no expense spared. Agent/Owner.

2 New St. Charles County Homes – Coming Soon!

1279 Wagon Wheel, O’Fallon, MO

$144,900 3 Bedroom ranch home with full basement, artistic paint touches and more.
Oversized garage with lots of room for storage, stepsaver kitchen, full basement that could be easily finished to include extra sleeping areas, office, family room or game room.

20 Debbie, St. Peters, MO

$154,900. 4 Bedroom 2 Bath ranch home with lovely master suite w/fireplace and full bath in the  finished basement. Upstairs offers a formal dining/living room, spacious kitchen and many more amenities. Hardwood floors in the family room and hallway, neutral interior colors, screened porch, fenced back yard and more all in a great central location in the Ft. Zumwalt East school district.

To view these homes call one of our showing representatives at

(314) 740-7701

You can see other homes by clicking here

Only $850 Downpayment?!

That’s right for one weekend only we have a home in Wentzville that you only need to pay $850 in closing costs, no downpayment regardless of what your pre-approval says!  But you must call our sales coordinator to get specific details: (314) 740-7701

Sorry it’s sold!
301 Cherry Street, Wentzville
$109,900. This adorable 3 bedroom ranch is situated right in the heart of Wentzville and has just been renovated from top to bottom. The following updates were just performed in August and September 2008: New Roof, Fresh Exterior Paint, New Heating and Cooling Systems all the way down to the duct work, New Hot Water Heater, New Kitchen cabinets, countertops, and all appliances, New vanity, toilet, tub and shower, New flooring throughout as well as fresh interior paint and trim, not to mention 6 panel doors everywhere!! Also, this efficient home is all electric, saving you big $$$ on utilities!! Situated just minutes from Hwy 70, 40/61, as well as Hwy N and Wentzville Pkwy, this house gives you quick access to all your shopping, dining, and entertainment needs.

Beautiful Florissant Home Now Available

JUST MADE AVAILABLE!

3818 Kentucky Derby, Florissant, MO
 

Open Sunday, November 2nd, 1-1:30pm

4 Bedroom 2.5 Bath two story home located in the lovely and desirable Villages at Barrington Downs neighborhood.This home boasts over 1900 square feet of living space including a formal living and dining rooms, large family room with fireplace and a nicely updated kitchen. Upstairs features spacious secondary bedrooms and a large master suite w/ separate tub and shower in the bath and LOTS of closet space. The lower level has been professionally finished and would make a great game room, second family room or a HUGE 5th bedroom and there’s still plenty of room left for storage as well. Large deck overlooking beautifully manicured lawn, oversized two car garage, maintenance free vinyl siding and many more amenities all in a great location with easy access to restaurants and shops.

Want more information call one of our Sales Coordinators now at
314 740 7701

Check out our other available homes

What Would You Like To See?

As we talk to our borrowers each day, Omega wants to learn what we can be doing better.  For example, someone mentioned that our inventory is currently at a low point and wondered why?  It’s difficult to forecast demand, and sometimes, as happened in October, we had an influx of buyers we weren’t anticipating.  We are working to acquire additional property as soon as we can.
We want to know from you, what could we be doing better?  You can email us at info@OmegaMoney.com

Downpayment Reduced on Florissant Homes

I just received notice that our pre-approved families can move into either
of the two homes below for as little as $1999 down plus closing costs. I’m
sure these homes won’t last long with this new bonus so call Julie today at
314 740 7701 to schedule a viewing.

2345 Stoney End Court, Florissant
$119,900. 3 Bedroom 2 Bath ranch home with lots of amenities for your
enjoyment. Spend the cold snowy days snug in front of your warm fireplace in
the large family room and enjoy the Spring and Summer evenings on the large
deck overlooking the private fenced yard that backs to common area.

1265 Jackson Lane, Florissant – SORRY NO LONGER AVAILABLE
$124,900.  3 BR/2 BA ranch home on a nice level lot with recently updated
kitchen and other amenities. You can relax in the above ground swimming pool
during Spring and Summer and, when Fall and Winter roll around, you can head
inside to sip hot chocolate and watch your favorite movies in front of your
wood burning fireplace.

Up to 2% DownPayment Credit Available

We have signed a deal with an agency that will allow only Omega Lending borrowers a reduced downpayment for a limited time only.  That means that our normal 3% downpayment requirements might not be necessary.  We can’t give specifics, because the offers are changing on a daily and even hourly basis.  If you apply now, at your pre-approval meeting you’ll be able to hear what’s availble.  We encourage anyone on the fence with buying to buy now!  These credits will not be available long!

Wachovia Sold Why?

This morning started with the news that Wachovia’s banking operations will be sold to CITI for only $1 per share of their stock.  Why is a company with such a storied past taken such a decline?

It can be locked down to one set of the loans they made: Pay-Option ARMs.  With this particular product a borrower could buy a home with a mortgage and each month when their payment came due, had the option to choose to pay one of three or four payments.  The options were as follows: 30 year fixed, 15 year fixed, Interest Only, and the most toxic of all the choices – a reverse amortization loan.  

What is reverse amortization: The borrower makes a payment that does not even cover the minimum interest due on the note.  The difference between the interest due and the payment made is added on as part of the principal in the loan.  Of course these payments are the lowest and most choose them.  For more information see :  http://en.wikipedia.org/wiki/Negative_amortization

OF course thousands of these borrowers now owe significantly more than their original amount.  Therefore making the portfolio of these loans worth less and less, down to in some cases just pennies on the dollar.

 

At Omega Lending we don’t allow these types of loans.  We work with each of our borrowers to ensure that they are building equity with each payment.  Some of our borrowers after even just a year might have up to 10% in equity or more.  Money that had previously been thrown away on rent in most cases.