Omaha

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Omaha Home Mortgages.

Searching for a Omaha home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Omaha home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Omaha Home Mortgages

When looking for a Omaha home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Omaha home mortgage lenders right now is ING DIRECT Omaha Home Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for Omaha home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Omaha home mortgages will approve applications in such a rapid manner.

Omaha, Nebraska Statistics & Related Info

Omaha Information

Omaha is the largest city in the state of Nebraska, United States, and is the county seat of Douglas County. It is located in the Midwestern United States on the Missouri River, about 20 miles north of the mouth of the Platte River. Omaha is the anchor of the Omaha-Council Bluffs metropolitan area, with Council Bluffs, Iowa sitting adjacent to Omaha across the Missouri River. According to the 2008 estimate by the United States Census Bureau, Omaha's population was 432,921. The city and its suburbs formed the 60th-largest metropolitan area in the United States in 2000, with an estimated population of 829,890 residing in eight counties. There are approximately 1.2 million residents within a 50 mile radius.

This popularity of Omaha was one of the contributing factors to driving up the price of Omaha real estate in the past decade. While prices have fallen some, homes in Omaha are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Omaha home mortgages readily available to buyers in a more expensive market like the suburbs of Omaha.

According to USA Today, Omaha ranks eighth among the nation's 50 largest cities in both per-capita billionaires and Fortune 500 companies. Major employers in the area include Alegent Health, Omaha Public Schools, First Data Corporation, Methodist Health System, Mutual of Omaha, ConAgra Foods, Nebraska Health System, Offutt Air Force Base,and the West Corporation. With diversification in several industries, including banking, insurance, telecommunications, architecture/construction, and transportation, Omaha's economy has grown dramatically since the early 1990s. Omaha's most prominent businessman is Warren Buffett, nicknamed the "Oracle of Omaha", who is regularly ranked one of the richest people in the world. Of course these factors along with many others contribute to the popularity of Omaha real estate, which in turn, creates a very large demand for Omaha home mortgages.

Omaha has five companies listed on the Fortune 500 list, including Berkshire Hathaway, ConAgra Foods, Union Pacific Railroad, Mutual of Omaha, and Kiewit Corporation. Omaha is home to the headquarters of several other major corporations, including The Gallup Organization, TD Ameritrade, infoUSA Werner Enterprises and First National Bank. Many large technology firms have major operations or operational headquarters in Omaha, including Bank of the West,First Data, PayPal and LinkedIn. The city is also home to three of the 30 largest architecture firms in the United States, including HDR, Inc., DLR Group, Inc., and Leo A. Daly Co. This economic vibrancy translates into a high degree of availability of funds for Omaha home mortgages.