* Providing Affordable Housing Solutions for Tulsa
o Home Owners
+ Help for Home Owners
+ Foreclosure Prevention Counseling
+ Purchasing a Home in a Target Area
+ FAQs for Home Owners
o Renters
+ Opportunities to Apply for Affordable Rental Units
+ Buy Your Manufactured Home Park
+ FAQs for Renters
+ Questions & Answers
Mission
ZFG Mortgages is dedicated to providing affordable home ownership opportunities to low- and moderate-income families in the Tulsa area by offering competitively-priced mortgages.
ZFG Mortgages offers a number of mortgage programs to assist you with the purchase of a home in Tulsa. Each program features a competitive interest rate, low down payment requirements and no prepayment penalties. Each of these features are designed to make your home purchase more affordable.
The Low Interest Rate Mortgage Program offers competitive interest rate mortgages to low- and moderate-income households who must be first-time home buyers except in target areas.
ZFG Mortgages
Whether you like great pizza, smooth jazz or historic baseball, Tulsa may just be the place for you. If you already live in Tulsa, chances are these are some of the amenities that you cherish. Whether you are looking to move to Tulsa or already reside in the area, chances are at some point you are going to be looking for a new house.
We Can Help
ZFG Mortgages was designed to help you get the mortgage you need in the Tulsa area. Chances are that houses are going to cost quite a bit in Tulsa, and chances are you can not afford to pay all that money upfront to buy a house. Even if you can afford to pay all that money up front it is still a better idea to take out a mortgage.
A mortgage allows you to pay off the cost of your house in monthly installments, making for a much more manageable house payment. Mortgages have long been used to fund houses and are hands down the most popular way to pay for a house today. Mortgages contain benefits for both the lender and the lendee. You get to pay off your house payment in a much more manageable manner, while the lender makes a profit off of your payments. Mortgages really are the perfect situation when it comes to financing your home.
Who We Are:
ZFG Mortgages is a mortgage marketing service designed to help you find the very best mortgage. When you sign up with us we will match you with a mortgage lender who will best fit your needs. We don’t actually fund your house, but find a lender who is willing to find your house.
Do you like what we see but don’t plan to move to Tulsa? We can help you find a mortgage no matter where you plan to live. We offer key advantages to assist your mortgage process. Sign up today and get on your way to getting a great mortgage.
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Bill Bartmann is going back into debt — but instead of collecting it, this time he’ll be investing in it.
Bartmann sets up asset fund :It will purchase “toxic assets,” now burdening banks, through federal auctions.
The former billionaire who co-founded Commercial Financial Services Inc., a Tulsa debt collection company that employed more than 3,900 people in the 1990s before imploding within a decade, now wants to help people buy failing real estate securities from the government.
He is organizing a private equity fund to help investors purchase these so-called “toxic assets.” He plans for the fund to attract more than $1 billion in investments.
Toxic assets, as defined by industry professionals, include commercial or residential real estate loans that aren’t performing as agreed, including collateralized mortgage obligations or debt securities that are made up of subprime loans.
Bartmann said Wednesday that the fund would take advantage of the Obama administration’s plan to auction off pools of toxic residential mortgages through the Federal Deposit Insurance Corp. The auctions are designed to end uncertainty about the value of the assets, which would encourage investment, help the banks’ balance sheets, spur them to lend more freely and help restore the economy.
Five-sixths of the toxic assets’ purchase price will be backed by the FDIC, with half of the remaining price paid by the Treasury Department and half by investors, such as Bartmann’s fund.
The administration announced its plan March 23. It said it would take over up to $1 trillion in sour mortgage securities, with
the help of private investors.
With the FDIC’s backing, Bartmann feels the offer will be attractive to many investors. “The government is taking the brunt of the risk, so the investor doesn’t stand to lose a lot,” he said in a telephone interview.
Yet some risk remains, based largely on how the assets perform, he said.
Bartmann is providing initial money and is seeking contributions from sources such as investment funds and hedge funds, he said.
Despite the failure of CFS and the resulting accusations of accounting fraud, Bartmann said he should not have trouble finding investors.
A federal jury found Bartmann not guilty in 2003 of concealing CFS’ poor performance.
“I was acquitted unanimously by a jury of my peers and apologized to by a bankruptcy judge who found that there was no fraud at CFS,” he said.
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