Option One Mortgage – For Your Home Mortgage Needs

Option One Mortgage is a subsidiary of H&R Block, and a company offering a wide array of products and services for those seeking a home loan. Option One retail home mortgage loans are administered through H&R Block Mortgage Company. Option One Mortgage has been called a "family friendly" company, touting the desire to help families meet the needs of buying a home and making the most of home ownership. Since the inception in 1992, the company's goal has been to offer loans to those who may not meet the criteria for traditional lenders.

The Option One Mortgage headquarters are located in Irvine, California, with wholesale, bulk acquisitions, national accounts and servicing centers located across the country. Offices are found primarily in the Eastern and North Eastern states, though there are also offices in Texas, California, Washington, Colorado, Minnesota and Missouri. The major business endeavors of Option One Mortgage is making, selling and servicing loans.

The 2005 fiscal year showed a total of some $31 billion in loan originations by Option One Mortgage. Financial statements show steady growth over the past several quarters and consistently listed among the top five lenders of non-prime mortgages, making Option One a stable company with which to do business.

Most who are in the market for a home mortgage already have a good idea of what they can afford, what kinds of terms they should seek and their reasons for applying for a loan. It may be that you're looking to purchase your first house. Perhaps your family is growing and you're looking to buy something larger. Maybe you've got equity in your home that you need somewhere else - paying off high-interest credit cards, college tuitions or medical bills are a few reasons people take out loans to cash in on equity. Option One Mortgage recognizes all those potential reasons for a mortgage, and can work with you to accomplish your goals.

If you're just taking off the first steps toward a home mortgage, you may be more interested in finding out how to better handle your finances. Option One supports a number of community efforts to educate the homeowner (or potential homeowner) on the subject of financial literacy.

Diversity in homeowners is a priority of Option One Mortgage as exemplified by their recent partnership with Prado Mortgage. Prado is a leader in the Hispanic mortgage market and the joining of these two lenders improved the services available to Hispanic homebuyers. Option One pledged operational support and the purchase of loans originated by Prado during the course of this agreement.

With Option One Mortgage, the goal seems to be something higher than simply making a profitable business. There are a number of services offered to clients and to the communities in which Option One operates. Scholarships for continuing education and outreach programs for organizations such as Habitat for Humanity are part of the history of Option One Mortgage. In addition, the company reports that new loan packages have been introduced over the past year, and that the company has been recognized for its focus on ethics in everyday business practices. It all adds up to a company that offers quality loans and services.