I have not used them yet, but I may in the future. The program seems solid. I talked to the LO for them and they will lend all over the Houston area. They also have other spots but I see your in Houston.
They will lend 100% financing as long as all your expenses come under 70% of the appraised value. You will need to privide money for the appraisal but you can work it back into cash out if you have a good enough deal.
Thus far I have not worked with Omni however I will look into thier products. I have worked with Brookview Financial and they are extremely good to work with. Please let me know your thoughts. :idea:
Do they have a web site? Do you know if they will lend on the purchase of 74 homes as a package deal which are all located in the same city? Do you know if they have a limit to how much they will lend?
Omni National Bank, pleaded guilty Thursday in U.S. District Court before Judge Jack Camp in Newnan.
http://www.times-herald.com/Local/Banker-pleads-guilty-to-fraud-952578