Josh DeBlase | Branch Manager NMLS # 1416587
Team DeBlase
Meet the future of the Mortgage Industry.
At Mission Loans we treat every transaction as if it’s our own. We understand that a mortgage is the financial vehicle that helps hard-working Americans live the American Dream. We are honored to help our brokers fulfill those dreams for their clients.
Meet the DeBlase Team
Let us make this dream a reality for you. Homeownership is a lifetime commitment and we will be there for you every step of the way.
Josh DeBlase
Branch Manager
NMLS # 1416587
Direct: (405) 388-3034
josh.deblase@missionloans.com
Branch Information
1700 N Broadway Ave Ste 118
Moore, OK 73160
Branch NMLS #2490072
We don't like to brag, but we're changing the game
Josh & Krystal were very helpful through every step of the way. This was our first time buying a home & it can be very stressful so having knowledgeable people like them help you along the way makes it so much better.
These guys know how to get it done. They are thorough, detailed, and very knowledgeable. They are the best in the business.Josh DeBlase and Adam Walmsley were awesome. They answered every question, explained every detail along the way, and were always quick to respond at all times. Everything was seamless and smooth, thanks to them.
Josh and his team went above and beyond to help w my home purchase. They were always in communication and answered any questions I had. I would recommend his team for your next home/land purchase
Josh was always helpful when I wanted to see how much my payments would be each month with a large down like for instance $50,000, $40,000, and $30,000. That I really liked so I could have an idea of my payments. He was there when I needed him and had his assistant available at all times when needed also. Thank u so much for being my Home Loan Officer.
You came to the right place for an affordable home loan
Just as one shoe size doesn’t fit everyone, one loan type doesn’t fit everyone’s unique financial circumstances. We take the time to thoroughly discuss your needs, goals, and financial situation to help identify a loan program to best fits your needs.
Conventional loans
A conventional loan is one that is not insured or guaranteed by the federal government. These loans are often more common among customers who have purchased a house before and are in a position to meet a narrower set of qualification requirements. Conventional loan lending guidelines require the borrower to have debt-to-income ratios and credit scores within a specified range, and the ability to show stable income.
Those who meet these qualifications and want to opt out of private mortgage insurance (PMI) can do so by putting 20% down on the home at closing, which lowers their monthly payments.
Best for people with:
- Steady income
- Strong credit
- Debt-to-income (DTI) less than 43%
Benefits:
- Potentially lower rates and monthly payments
- Can avoid the cost of private mortgage insurance (PMI) with 20% down payment
- Can be fixed or adjustable-rate
Qualifications:
- Credit score of 620+
- Minimum 3% down payment
- Debt-to-income (DTI) less than 43%
FHA loans
The government understands that everyone needs a place to live but that not everyone can meet the standards of a conventional loan. So, the Federal Housing Administration (FHA) insures home loans to expand homeownership opportunities to more borrowers.
These loans require the borrower to occupy the home as their primary residence. The loan amounts are capped, and the borrower is required to purchase mortgage insurance in case the home falls into foreclosure. Nonetheless, FHA loans are a great option for people who never thought they would be able to otherwise qualify for a loan.
Best for people with:
- Limited savings
- A lower credit score
- Higher debt
Benefits:
- Less restrictive qualification requirements
- Low down payment options
Qualifications:
- 3.5% down payment for 580+ credit score
- 10% down payment for 500–579 credit score
- Proof of income and a steady paycheck
VA loans
The VA loan program is made available by the government exclusively to veterans as a way of thanking military members and their families for their service to the country. These loans make it easier for retired and active-duty members to buy a house or refinance a current mortgage loan, as VA loans offer less restrictive qualification guidelines, low down payment minimums, minimal closing costs, and do not have loan amount caps nor require private mortgage insurance (PMI).
Best for people with:
- Veteran status
- Lower credit score
- Minimal savings
Benefits:
- Less restrictive qualification requirements
- Low down payment options
- No PMI requirement
- Low closing costs
- Multiple types available
Qualifications:
- Be active or retired military
- Credit score in low-to-mid 600s
- Debt-to-Income (DTI) of 41% or less
USDA Loans
The Guaranteed Rural Housing Loan Program is administered by Rural Development, an agency of the United States Department of Agriculture (USDA) . Loans are to assist low and moderate income households through the guarantee of loans made by Direct Lenders for the acquisition of single family new or existing homes in eligible rural areas.
Highlights
- No minimum down payment… 100% LTV
- No private mortgage insurance
- Closing costs can be financed!
