Business Details
13 Years
experience
Your Trusted Mortgage Partner in Cape Coral
Odom Mortgage has been dedicated to simplifying the home loan process for clients across Florida since 2013. Founded by Matt Odom, a seasoned mortgage loan originator with over a decade of experience in Cape Coral, our team specializes in providing personalized guidance through a wide range of loan programs, including FHA, VA, USDA, and bridge loans. We prioritize transparency, offering free prequalification and tailored advice to help clients understand their options, whether they're first-time homebuyers or navigating complex financing scenarios.Our approach combines local market expertise with a commitment to education, ensuring clients feel confident in their decisions. With a focus on responsiveness and problem-solving, we've earned a reputation for exceeding expectations, as reflected in numerous positive reviews highlighting our patience, knowledge, and ability to meet tight deadlines. From explaining flood insurance requirements to optimizing credit scores, we aim to demystify the mortgage process while maintaining compliance with all regulatory standards.
Services
Florida Bridge Loans
VA Mortgages
Conventional Mortgages
FHA Mortgages
USDA Mortgages
Jumbo Mortgages
Cash-Out Refinancing
Credit Counseling
Loan Prequalification
Flood Zone Analysis
Details
- Year established: 2013
Highlights and features
- We offer 10+ years of mortgage expertise tailored to Florida's unique markets
- Our bridge loan solutions help buyers navigate simultaneous home purchases and sales
- Free prequalification with no obligation or credit score impact
- We specialize in first-time homebuyer programs with low down payment options
- Transparent guidance on flood insurance, credit building, and closing cost management
What people say
Exceeded expectations
Very knowledgeable
Patient guidance
Closed early
Life saver
Services
Florida Bridge Loans
11-month bridge loans enable purchasing a new primary residence before selling your current home. No prepayment penalty allows early payoff when selling. Ideal for buyers stuck in sell-before-buy dilemmas, with flexible underwriting that may approve applicants who don't qualify for conventional loans. Our specialists guide clients through equity requirements and payment deferral options.
FHA Mortgages
Government-backed FHA loans requiring as little as 3.5% down payment. Designed for first-time homebuyers with moderate credit scores starting at 550. We explain mortgage insurance requirements and help clients understand long-term costs. Our prequalification process clarifies income and asset documentation needed for FHA approval.
Credit Counseling
Expert guidance to optimize credit profiles for mortgage qualification. We teach strategic credit card usage (maintaining $13 balances) and explain collections management. Our advice covers dispute resolution with credit bureaus and rebuilding strategies post-medical debt. Clients learn to build scores without unnecessary new credit applications.
Flood Zone Analysis
Comprehensive flood insurance guidance using FEMA maps and elevation certificates. We explain LOMA applications for removing properties from flood zones and coordinate with surveyors. Our team educates clients on wind mitigation reports and insurance cost-saving opportunities during home inspections.
VA Mortgages
Specialized loans offering 100% financing for eligible veterans. We verify service requirements and guide clients through certificate of eligibility processes. Our counselors explain VA funding fees and help military families understand long-term savings compared to conventional loans.
People
Matt Odom
Mortgage Loan Originator
NMLS 1019481 licensed mortgage expert with 10+ years serving Cape Coral. Former Alaskan outdoorsman turned YouTube-researched Floridian. Specializes in creative financing solutions and educating clients on credit building strategies.
Questions
What loan options exist for buyers needing to sell first?
Our bridge loans allow purchasing new homes before selling current properties. With 11-month terms and payment deferral options, this program helps buyers avoid rushed decisions.
How can first-time buyers minimize down payments?
FHA loans require 3.5% down while USDA and VA programs offer zero down options for qualified applicants. We'll help determine which program best fits your situation.
What credit score improvements help mortgage approval?
Maintaining low credit card balances ($13 recommended), avoiding new accounts, and addressing collection accounts strategically can improve scores within 3-6 months.
How do Florida's flood insurance requirements work?
Properties in FEMA-designated zones require flood insurance unless a LOMA proves elevation safety. We guide clients through elevation certificates and insurance cost reduction strategies.
What are typical closing costs?
Expect $7,000-$15,000 in closing costs covering insurance, taxes, and fees. Seller concessions may cover part of these expenses depending on loan program restrictions.
