Meet John Morales, a highly experienced Loan Officer based in the Oklahoma City Metro Area. With over 25 years of expertise in the mortgage industry, John is not just a professional; he’s a dedicated family man. Proudly hailing from a military family, he understands the unique needs of our veterans and specializes in VA loans, ensuring they receive the utmost care and attention. John’s passion for helping individuals and families achieve their dreams of homeownership is evident in every interaction he has.
A Personal Touch:
John believes in treating every client like family, just as he cherishes his own. Married and a father of four wonderful children, he values the importance of a secure home for families. With seven grandchildren, he understands the significance of creating lasting memories in a place you can truly call your own.
Guiding Your Homeownership Journey:
From first-time home buyers to seasoned investors, John is committed to being a reliable partner every step of the way. Specializing in the Oklahoma City Metro Area and lending in Southwest Oklahoma, he understands the local market intricately. His personalized approach ensures that your mortgage experience is not just smooth but tailored precisely to your needs and aspirations.
Military and VA Expertise:
Coming from a military background, John has a deep respect for those who have served our country. His expertise in VA loans is unmatched, providing veterans and their families with comprehensive guidance and support. He navigates the complexities of VA loans with precision, ensuring our heroes receive the benefits they rightfully deserve.
Outside of his professional life, John is a dedicated father of four and grandfather of seven. John is also an avid traveler, exploring diverse cultures and gaining valuable insights that enhance his ability to connect with people from various backgrounds. This family-first mentality and global perspective enriches his approach, making him even more understanding and relatable to his clients’ unique situations.
Whether you’re in search of your first home, planning to invest, or a veteran looking for your dream home, John Morales is here to make your homeownership dreams a reality. Trust a dedicated professional who understands the importance of family and home. Choose John for your lending needs in the Oklahoma City Metro Area and Southwest Oklahoma.
I am here to serve you and to tailor a loan that meets your needs.
Mortgage Programs Explained
There is no one-size-fits-all when it comes to mortgage lending. MiMutual has numerous loan options to fit every budget and situation. At MiMutual Mortgage, you can expect a one-on-one consultation to determine the right loan program for your unique situation.
A Conventional loan is a mortgage not guaranteed by the government. However, most conventional loans will follow the guidelines established by Fannie Mae (FNMA) and Freddie Mac (FHLMC). This type of loan is good for borrowers with a favorable credit score and allows more flexibility in loan terms and higher loan limits.
Unlike FHA, VA or RD loans, conventional loans do not require private mortgage insurance (PMI) unless the borrower has less than 20% down. 20% down however, is not a requirement and some conventional loans allow as little as 3% down! Once the loan reaches 20% equity, PMI can be canceled.
In addition to standard conventional loan programs, MiMutual Mortgage also offers the following niche conventional loan programs:
- Fannie Mae HomeReady
- Freddie Mac Home Possible
- Freddie Mac HomeOne
- Freddie Mac Refi Possible
Government loans are backed by the federal government. The loan is funded or originated by the mortgage company, but has a guarantee from either the Federal Housing Administration (FHA), USDA Rural Development (RD), or US Dept of Veterans Affairs (VA).
Government loans open the door for borrowers that have little to no money saved for a down payment, a challenging credit history or have lower credit scores. Government loans offer easier qualifying requirements and are widely used in the industry.
Government-insured loans can be used for purchase, renovation (through the FHA 203(k) loan), or refinance transactions.
Government loan programs include:
- Federal Housing Administration (FHA)
- USDA Rural Development (RD)
- Veterans Affairs (VA)
The Federal Housing Finance Agency (FHFA) sets a limit on the dollar amount a conventional loan must conform to. Any loans beyond this limit are known as a Jumbo loan. With a Jumbo Loan from MiMutual, you can expand your options and find your dream home that will meet your needs now and in the future.
MiMutual Mortgage offers a number of Jumbo Mortgage Programs to fit a variety of situations. These include Purchase loans, Asset-Qualifier, Rate and Term and Cash-Out Refinance loans.
- As little as 10% down
- Loan amounts up to $4 Million
- Primary residence, second homes, and investment properties are eligible
Don’t have much saved for a down payment?
We can help with that!
Down Payment Assistance (DPA) can:
- Reduce out of packet cash to close
- Put cash savings to work by improving the home and growing equity
- Free up cash to pay down student loan debt or other bills
- Save cash to start investing for the future
MiMutual Mortgage offers a number of down payment assistance programs including:
- Chenoa Fund DPA for FHA financing
- The National DPA for Conventional financing
- State Housing Finance Authority DPA and MCC
MiMutual Mortgage is a Renovation Loan specialist. We were even featured on the Lifetime Network “Designing Spaces” home design television show! With a Renovation loan, you can bundle the cost of purchasing or refinancing with the cost of renovation into one single loan!
MiMutual Mortgage offers the FHA 203k and Conventional HomeStyle renovation loans. These allow for the same qualifying factors as a traditional FHA or Conventional loan with the ability to lend up to the estimated after-improved value of the home!
Eligible renovations include:
- Small repairs with a minimum renovation cost of $5,000
- Kitchen remodels including appliances
- New roof
- New flooring
- Instillation of an in-ground pool
Still not finding what you are looking for?
MiMutual Mortgage has a number of unique loan programs including:
- Qualifying on assets without income
- Real Estate Investor programs including DSCR
- Self-Employed financing options
- Bank statement qualifying
You are about to begin the mortgage loan application
- Applying on the MiMutual Mortgage Online Loan Application is quick, easy, and secure! The loan application will take about 25 minutes to complete.
- Once your application is submitted, you can log back into the MiMutual Mortgage Online Loan Application to securely upload requested documents, view your loan status, and communicate with your mortgage team.
- If you have questions, reach out to your MiMutual Mortgage Loan Officer.
Your guided mortgage journey starts here!Start Application