OMEGA FINANCIAL SERVICES, INC,

1872 MORRIS AVE, UNION, NJ 07083

OFFICE: 908-933-0253 FAX: 908-933-0252

203K’S FROM OMEGA

“ This was more then I could have ever imagined. Omega handled my

203k fast and it was as easy as a phone call if I ever had a question”.

~Kelly Langschultz ~

~981 Pacific St. New Milford, NJ 07646~

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

“ Chris and Omega helped me so much. I love what

my house became after this loan.”

~ Claudette Maxine McIntosh-Jones~

~141 N 15th St. East Orange, NJ 07017~

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

“What a major change Omega Financial Services has brought to my life. This 203K

experience helped me to achieve my dream come true. The service was some the best

service that I have seen. As well as the extra mile this company goes to make the client as

comfortable and worry free as possible.”

~ Gino Elmarassy Assistant Vice President Union Center National Bank~

~171 W GRANT AVE Roselle Park, NJ 07204~

Q&A: Rehabilitation203(k)

Can Section 203(k) be used to convert a one family dwelling to a two-, three-, or four-family dwelling (or vice versa)?

Yes.

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

“I have highly recommended Chris to many people. If they are interested in a 203K Loan at Omega and they

want the right guy to stay on top of things to help make the project go smooth, Chris is their Man. As a satisfied

client, I feel that Chris is a very Good Asset to Omega Financial Services‟ continued success. I have dealt with

several other banks and by far they Can Not come near the excellent Customer Service, Products and

Expertise in making deals happen like you (Mr. Michael) and your Team at Omega Financial.

In addition to my great experience and closing on my new home quickly and smoothly at Omega Financial, I

have told countless people and Highly Recommended Omega if they are truly serious about a Home

purchase with a serious Bank that will make it happen as I was. I will soon be ready to buy my next

property with Omega Financial.

Mr. Michael here is a slogan that I tell people about your Company... „You Can't Go Wrong With Omega

Financial Services Inc.‟ :-) Team Omega, Thanks for everything!”

~James Clark~

~11 CHURCH PL East Orange NJ 07018~

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

Bathrooms that no one would ever enter or touch are transformed into a bathroom any

homeowner would be proud of.

~James Clark~

~11 CHURCH PL East Orange NJ 07018~

What is the minimum amount of

rehabilitation required for a Section 203(k) mortgage? There is a minimum

$5,000 requirement for the eligible

improvements on the existing structure

on the property. Minor or cosmetic

repairs by themselves are unacceptable;

however, they may be added to the

minimum requirement.

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

“It was a lot of work but everything came together to put my

home together”

~ NiJinsky Genao ~

~210 Gordon St. Perth Amboy, NJ~

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

“A big experience for me and my family but worth the effort because now we have a beautiful home.”

~NiJinsky Genao & Stephany Espinal~

~210 Gordon St. Perth Amboy, NJ~

What eligible improvements are acceptable under the $5,000 minimum requirement?

Structural alterations and reconstruction (e.g., repair or replacement of structural damage, chimney repair, additions to the structure, installation of an additional bath(s), skylights, finished attics and/or basements, repair of termite damage and the treatment against termites or other insect infestation, etc.).

Changes for improved functions and modernization (e.g., remodeled bathrooms and kitchens, including permanently installed appliances, i.e., built-in range and/or oven, range hood, microwave, dishwasher).

Elimination of health and safety hazards (including the resolution of defective paint surfaces or lead-based paint problems on homes built prior to 1978).

continued…

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

“As a new homeowner I was happy to see that with the 203k, construction moved fast also no issues on paying the contractors and anytime I needed assistance the 203k Department

was there to answer to my concerns.”

~Juan Alvarado~

~151-153 2ND AVENUE EAST Newark, NJ 07104~

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

“Within a couple of days after handing in paper work my contractors were paid and more rooms completed”

~Juan Alvarado~

~151-153 2ND AVENUE EAST Newark, NJ 07104~

Acceptable improvements continued….

Reconditioning or replacement of

plumbing (including connecting to

public water and/or sewer system),

heating, air conditioning and electrical

systems. Installation of new plumbing

fixtures is acceptable, including interior

whirlpool bathtubs.

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

“This program helped me fix my new home in such a short time and with the help from OMEGA I knew

everything that was happening every step of the way.”

~ZULLYANN BALBUENA~

~30 PRINCETON RD Old Bridge, NJ 08859~

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

“Whether snow or shine my home was worked on and completed”

~ZULLYANN BALBUENA~

~30 PRINCETON RD Old Bridge, NJ 08859~

OMEGA THE NUMBER ONE 203K

LENDER IN THE STATE OF NJ !

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

“Chris really made this process easy and even after I closed on my new home I was left with a lot of questions. Without hesitation all it took was one phone call and he responded to

almost all of my questions before I even asked them.”

~Harold Brunal~

~69 Teaneck Rd. Ridgefield Park, NJ 07660~

Licensed Mortgage Banker * NJ Department of Banking

www.FHAOMEGA.com

OMEGA THE NUMBER ONE 203K LENDER IN THE STATE OF NJ

“Omega‟s 203K department helped me

in any way I needed. With any question

or concern within one phone call they

were there. Just the service you really

need for this kind of loan.”

~DOTLIN TAYLOR~

31 Forge Street

Monroe Township, NJ 08831

Legal Disclosure

Equal Housing Lender. ©2010 OMEGA FINANCIAL SERVICES, INC Provided to

mortgage professionals only and not

intended or authorized for public

distribution.

Prices/guidelines subject to change

without notice. All rights reserved.