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Odessa, MO

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.

3
Top Lenders
4.7
Avg Rating
550+
Reviews
7
Loan Types

Available Loan Programs in Odessa

Conventional
FHA
VA
USDA
Jumbo
Refinance
Reverse Mortgages

Featured Mortgage Lenders

1

Fairway Independent Mortgage

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

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.

Experience:28 years
Reviews:250 customer reviews
200 NE Chipman Rd, Lee's Summit, MO 64063

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

New American Funding

New American Funding, LLC

★★★★☆
4.7/5

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.

Experience:21 years
Reviews:180 customer reviews
4600 Madison Ave, Kansas City, MO 64112

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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3

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.6/5

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.

Experience:16 years
Reviews:120 customer reviews
10707 S U.S. Hwy 169, Kansas City, MO 64138

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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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.

Mortgage Insights

Finding Your Perfect Mortgage Lender in Odessa, Missouri

Searching for a "mortgage loan mortgage lender near me" is about more than just convenience when you're buying a home in Odessa. It's about finding a local partner who understands our unique market and can guide you through one of life's biggest financial decisions. Odessa offers a charming small-town feel with easy access to Kansas City, creating a specific set of opportunities and considerations for homebuyers. A lender based in our region will be familiar with property values in our neighborhoods, from established areas near the historic downtown to newer developments, ensuring your appraisal and loan process goes smoothly.

Your first step should be to look beyond the big national banks. While they have their place, some of the most valuable resources for Odessa homebuyers are local community banks, credit unions, and Missouri-based mortgage companies. These professionals live and work here. They understand the pace of our market, the appeal of the Odessa School District, and the factors that drive value in Lafayette County. They can often offer more personalized service and may have more flexibility in their underwriting for unique properties you might find in the area.

As a Missouri homebuyer, you should also explore state-specific programs that a knowledgeable local lender can help you access. The Missouri Housing Development Commission (MHDC) offers fantastic programs for first-time homebuyers (and in some target areas, repeat buyers as well), including competitive interest rates and down payment assistance. These programs have specific income and purchase price limits, but for many buyers in Odessa, they can be a game-changer, making homeownership more attainable. A lender familiar with MHDC's process is essential to navigate these opportunities successfully.

Here is your actionable plan: Start by asking for recommendations from your Odessa real estate agent—they work with lenders daily and know who is reliable and efficient. Then, interview at least two or three local lenders. Ask them pointed questions: "How familiar are you with the Odessa market?" "Can you walk me through the MHDC programs I might qualify for?" "What is your typical timeline from application to closing?" Compare not just the interest rates, but also the fees and, most importantly, your comfort level with each person.

Choosing a mortgage lender near you in Odessa is about building a local team. By partnering with a professional who has boots on the ground in our community, you gain an advocate who can help you confidently navigate the path to owning a home right here in Odessa, Missouri.

Nearby Cities

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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.