Oklahoma Housing Finance Agency Presents its Top 10 Mortgage Lenders with Diamond Awards
OKLAHOMA CITY – Oklahoma Housing Finance Agency’s Top 10 highest-performing lenders in its OHFA Advantage Mortgage Revenue Bond program in 2008 were honored with Diamond Awards during the September OHFA Board of Trustees meeting. This is the fourth year OHFA has recognized its top performing lenders.
By partnering with participating lenders throughout Oklahoma, the OHFA Advantage program is able to provide 30-year fixed rate low-interest mortgage loans to qualified homebuyers in all 77 counties. The 10 recipients as a whole totaled 588 home closings and $51.9 million in mortgage loans within the OHFA Advantage program last year.
“The lenders in our program have an impressive track record of practicing prudent and responsible mortgage lending,” said Lee Ann Smith, OHFA Single Family Programs director. “The proof is in the numbers. OHFA Advantage has an overall foreclosure rate of 0.55 percent and an FHA foreclosure rate of 0.03 percent.”
Diamond Award Recipients:
American Southwest Mortgage
Arvest Mortgage Company
Bank of Oklahoma
First Commercial Bank
First Mortgage Company
First United Bank and Trust
Leader Mortgage Corporation
OHFA Advantage currently has participating lenders with 200 offices throughout the state. Lenders who meet specific guidelines can be added as a participating lender.
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