The Best Mortgage Lenders in Odessa, MO
Compare verified mortgage lenders serving Odessa, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Odessa
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and efficient loan processing. With over 28 years in the industry, they have a strong local presence in the Kansas City metropolitan area, including Odessa, and are praised for their personalized approach and wide range of loan options, making them a trusted choice for homebuyers.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding is highly regarded for its diverse loan products and commitment to customer satisfaction. Founded in 2003, they have built a reputation for offering competitive rates and flexible solutions, with a dedicated team serving the Odessa area through their Kansas City office. Their focus on community engagement and reliable service has earned them numerous positive reviews.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out for its streamlined processes and strong customer support, with a focus on making home financing accessible and straightforward. Established in 2008, they have grown to serve the Odessa region from their Kansas City base, offering a variety of loan types and earning high marks for responsiveness and integrity in the mortgage industry.
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Frequently Asked Questions
Common questions about mortgage lending in Odessa, MO
What are the current average mortgage rates for homebuyers in Odessa, MO?
Mortgage rates in Odessa typically align with national averages but can vary based on local lenders and market conditions. As of recent trends, 30-year fixed rates in the area often range between 6.5% and 7.5%, though it's best to check with local credit unions like Central Bank of the Midwest or regional lenders for the most current Odessa-specific rates and terms.
Are there any first-time homebuyer programs specifically available in Odessa?
Yes, Odessa homebuyers can access Missouri's first-time homebuyer programs like the MHDC Loan Program, which offers competitive interest rates and down payment assistance. Additionally, local lenders often provide special programs for Odessa residents, including USDA loans that are particularly relevant given the area's rural designation, offering 100% financing options.
How does Odessa's rural location affect mortgage options?
Odessa's location in Lafayette County makes many properties eligible for USDA rural development loans, which require no down payment and offer competitive rates. This is particularly advantageous for buyers looking at properties outside the immediate town center, though it's important to verify specific property eligibility through the USDA eligibility map for the most accurate assessment.
What should I know about property taxes when getting a mortgage in Odessa?
Odessa property taxes in Lafayette County typically range between 1.0% and 1.3% of assessed value, which is relatively moderate for Missouri. When calculating your mortgage payment, lenders will include these taxes in your escrow account, so it's important to factor in approximately $1,500-$2,500 annually for a $200,000 home when budgeting for your total monthly payment.
Are there local down payment assistance programs available through Odessa lenders?
Several Odessa-area lenders participate in Missouri's state-wide down payment assistance programs, and some local credit unions offer their own assistance programs. The Missouri Housing Development Commission's First Place Loan Program is particularly popular, providing up to 4% of the loan amount in down payment assistance for qualified Odessa homebuyers meeting income and credit requirements.
Why Choose a Mortgage Lender in Odessa?
Local Market Knowledge
Lenders who understand Odessa's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Missouri.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Odessa and get competitive rates on your home loan.