Business Details
28 Years
experience
Your Trusted Mortgage Banking Partner in Union, NJ
Omega Financial Services was founded in 1998 on a foundation of integrity and a commitment to customer service. Our team of seasoned professionals specializes in residential and commercial lending, offering tailored financial solutions to meet unique client needs. With over 25 years of experience, we have built a reputation for navigating complex financing challenges and helping clients achieve homeownership goals.Our resilience through economic downturns and dedication to community education reflect our core values of commitment, service, and dependability. We operate as a full-service mortgage banker with in-house origination, processing, and underwriting capabilities, enabling efficient loan closings across 40 states.
Services
Residential Mortgages
Commercial Lending
FHA Loans
VA Home Loans
Jumbo Loans
Refinancing
Fix-and-Flip Financing
First-Time Buyer Programs
Credit Recovery Assistance
Self-Employed Borrower Loans
Details
- Year established: 1998
Highlights and features
- We originate, process, and underwrite all loans in-house for faster closings
- Our team includes certified commercial banking professionals with 25+ years of experience
- We specialize in non-traditional lending solutions for unique financial situations
- Our in-house staff maintains a 98% client satisfaction rate across 40 states
- We offer tailored mortgage programs for first-time buyers, veterans, and investors
What people say
Extremely courteous
Helped first-time buyer
Low rates
Knowledgeable staff
Stress-free process
Services
Residential Mortgages
We provide customized residential mortgage solutions including FHA, VA, and conventional loans. Our programs cater to first-time buyers, veterans, and self-employed individuals with competitive rates and flexible qualification requirements. Our in-house processing ensures efficient loan closings while maintaining personalized service throughout the homeownership journey.
Commercial Lending
Our commercial lending division specializes in financing investment properties, apartment buildings, and mixed-use developments. We offer tailored solutions for real estate investors and developers, including fix-and-flip financing and long-term commercial mortgages with streamlined approval processes for qualified applicants.
FHA Loan Program
We facilitate FHA-insured mortgages with low down payment options (as low as 3.5%) and flexible credit requirements. These loans are ideal for first-time homebuyers and those seeking streamline refinancing options while maintaining affordable closing costs and competitive interest rates.
Credit Recovery Assistance
Our credit recovery programs help clients with troubled credit histories qualify for mortgage loans. We provide personalized guidance to improve credit scores, offering specialized loan programs with lenient qualifying criteria while educating clients on maintaining financial stability throughout the mortgage process.
Self-Employed Borrower Loans
We offer specialized mortgage programs for self-employed individuals requiring alternative income verification. Our solutions accommodate non-traditional documentation requirements while providing access to conventional and jumbo loan programs with competitive rates for qualified business owners.
People
Adel A. Michael
Founder & President
Certified Commercial Banker with NYU MBA and 25+ years in mortgage banking. Founder of Omega Financial Services since 1998, member of National Association of Mortgage Brokers and Vistage Group 4338. Specializes in non-traditional lending solutions.
Peggy Velez
Co-Founder
Key leader in Omega's community outreach initiatives since 2008. Focuses on client education programs and mortgage accessibility for underserved markets. Instrumental in developing the company's first-time homebuyer assistance programs.
Questions
What mortgage programs do you offer for first-time homebuyers?
We offer FHA loans with 3.5% down payments, NJHMFA programs, and specialized counseling for first-time buyers. Our team provides personalized guidance through the entire homeownership process.
Can self-employed individuals qualify for mortgages?
Yes, we offer specialized programs requiring alternative income verification. We help self-employed borrowers document business income through tax returns and bank statements for conventional and jumbo loan programs.
How do you handle credit challenges?
We assess each situation individually, offering loan programs with flexible credit requirements. Our counselors provide guidance to improve credit scores while identifying suitable mortgage options during the recovery process.
What commercial lending options are available?
We provide financing for investment properties, apartment buildings, and commercial developments. Our programs include fix-and-flip loans, long-term commercial mortgages, and specialized underwriting for real estate investors.
How quickly can you process a mortgage loan?
With in-house origination, processing, and underwriting, we typically close loans faster than industry averages. Most transactions complete within 30-45 days from application to funding.
Are you approved for government-backed loans?
Yes, we are HUD-approved to underwrite FHA loans and offer VA home loan programs. We also originate USDA rural development loans and maintain NJHMFA program certifications.
