Your   homeownership journey starts here

The mortgage process simplified.
Fast approvals, local experts, trusted results.

Professional portrait of Mitch Richards, financial advisor at Preferred Rate.
Mitch Richards, a dedicated financial expert at Preferred Rate, providing personalized mortgage solutions.
Beautiful modern craftsman house with landscaped front yard and double garage.
A stunning modern craftsman-style house featuring a landscaped front yard, large windows, and a spacious double garage.

NMLS: #1810499

Mitch Richards

Mortgage Advisor

Mitch Richards grew up in Montana and moved to Missouri in 2008. Coming from a background in teaching, customer service, and sales, Mitch brings a customer-focused approach to mortgage lending. With a firm belief that home ownership should be available to all, he prides himself on working with the borrower throughout the entire loan process. Mitch has an eight year old son and in his free time enjoys fishing, yoga, and reading.

Licensed in:

AR, FL, KS and MO

Specialties:

First-Time Homebuyers

Conventional Loans

FHA Loans

USDA Loans

VA Loans

Investment Property Loans

Construction Loans

Renovation Loans

Physician Loans

Lending Specialties

First-Time Homebuyers

Conventional Loans

FHA Loans

USDA Loans

VA Loans

Investment Property Loans

Construction Loans

Renovation Loans

Physician Loans

Why work with me?

5.0/5 Rating

19 reviews

250+

Families helped

30 Days

Average close time

7 years

Of experience

Real clients. Real results.

Mitch was amazing! He was communicative and helped me understand every step of the way! I would 100% recommend and utilize his services again.

Hannah B

Excelent, Mitch helps me a lot.

Gieda M

I had an excellent experience working with Mitch. He was incredibly helpful, responsive, and made the entire loan process smooth and stress-free. Every question I had was answered quickly and clearly, and Mitch's professionalism gave me a lot of confidence throughout the process. What stood out most was how proactive he was — as an example, when I asked for help finding an insurance broker, they immediately connected me with the perfect person. Thanks to Mitch's support, everything came together seamlessly. I highly recommend Mitch to anyone looking for a knowledgeable and very professional loan agent!

Elise D

The team did a good job of answering all of my questions quickly. I appreciate Mitch and all of the team for helping us find our forever home.

Daniel M

Mitch was great to work with he was above and beyond !

Mark H

Mitch Richards has been great to work with. This is the second loan he has managed for me. He is attentive and thorough. He has several, creative loan products at his disposal, so he can handle all sorts of investment and construction loans along with standard mortgages. He understands the market and keeps a keen eye on interest rates. The app he uses makes submitting documents fast and easy. If you’re looking for financing, give Mitch a shot.

Mark F

Mitch did awesome through a difficult construction process, he answered questions even when construction loan closed still answering our questions. He will also be helping us when our construction is completed to get in a fixed loan. We will be sending friends as well as family.  He won’t let you down . 

Tina L

Mitch and his team were outstanding throughout the process. Very clear, concise and honest. They made my first time home buying experience easier.

Joshua M

Mitch was awesome again!

Johnathan N

This was our first home purchase. Mitch Richards walked us through each step along the way toward our home mortgage.

Frank A

Being able to do almost everything online was fantastic.

Gina B

Thanks for all the work you put into this purchase! I appreciate all the time you took in explaining and addressing our concerns. You definitely have our referral!

Whitney E

Mitch was so helpful and very quick to respond. We got our first house through him and we are very happy! 

Helena K

Wonderful experience. Mitch was always willing and able to take a phone call from all hours of the day/week. Mitch was able to handle a complex situation across two houses and multiple states. Thank you Mitch!!!

Marc F

I had a deadline, and they worked hard to make sure I met it. Would highly recommend them!

Linda F

My husband is self-employed, and we have had a difficult time finding a lender that truly understands his 1099 work. We have been looking for a home for the last four years, which is not made easy by the market. Mitch not only understood his self-employment income, but helped us in every way possible to maximize our ability to purchase a home.

Aleiha L

Mitch has done a phenomenal job working with us. Site unseen, halfway across the country and loan stipulations due to our status as military members. Mitch and his team really stepped up for us and helped make this an easy transition and purchase. Anytime, day or night with a silly question or assistance in understanding, Mitch was a phone call away and available to assist! Thank you Mitch!

Marc F

Mitch was very knowledgeable and helpful throughout the process. He was also super easy to get ahold of which was super important throughout the process.

Elijah C

Mitch was great through the whole home buying process. He was very helpful and wanted to earn my business in the beginning and worked with me a lot to where we got a deal we were both happy with. And after some back and forth on my end with the financials, he was always there to answer questions and get things changed at the last minute so I wouldn't end up having to pay penalties. Thanks for all you did, Mitch, I will for sure be handing out your name when I hear of anyone looking for a lender!

Kyle

Mitch was very helpful, organized & easy towork with

Bonnie F

Loan Programs

Refinance Loan
Rhyze HELOC
Beautiful modern craftsman-style house with a landscaped front yard and garage.
A stunning craftsman-style home featuring a welcoming porch, modern design, and the 1% Home Loan Program.
1% Home Loan Program

Featured

Man using smartphone at home, exploring conventional loan options.
Man reviewing mortgage options on his phone in a cozy living room setting.
Conventional Loans

Featured

Comfortable living room featuring a fireplace, wall-mounted TV, and stylish decor for a welcoming ho.
A welcoming living room with a fireplace, wall-mounted TV, and elegant decor, ideal for relaxing and entertaining in a cozy home setting.
Down Payment Assistance (DPA)

Featured

Happy couple working on home renovation inside a room with construction tools.
A smiling couple during a home renovation project, standing on stairs with construction supplies around them.
Home Renovation
Beautiful house exterior with porch, windows, and landscaped yard.
A charming two-story house featuring a spacious front porch, large windows, and a well-maintained lawn, ideal for HELOC loan considerations.
HELOC Loans
Luxury home with a spacious driveway and well-maintained landscaping for jumbo loan financing.
Explore jumbo loan options for financing high-value homes like this beautiful property.
Jumbo Loans
Beautiful blue house with landscaped yard, ideal for low down payment mortgage options.
Charming blue home surrounded by lush greenery, perfect for those seeking low down payment loan solutions.
Low Down Payment Loans
Buydown mortgage rates with temporary payment reductions.
Learn how temporary buydowns can lower your mortgage payments during the initial years of homeownership.
Temporary Buydowns
Child on Veteran's shoulders with American flag, symbolizing VA loan benefits.
Supporting veterans and families with VA home loan options and resources.
VA Loans
Construction financing solutions for building your dream home or project. Expert guidance for seamle.
Two workers in safety helmets working on a construction site, focusing on woodwork and project progress.
Construction Financing
FHA loan approval process with Preferred Rate for homebuyers.
Happy couple discussing FHA loan options at home.
FHA Loans
Modern two-story house with garage, ideal for bridge loan financing.
A contemporary two-story home with a spacious garage, perfect for real estate bridge loans and investment opportunities.
Bridge Loans
Affordable community lending options for homebuyers.
Aerial view of a new residential property in a friendly neighborhood.
Community Lending
Colorful Victorian-style condominiums with detailed architecture and lush greenery.
Beautiful Victorian-style condominiums with intricate details and vibrant colors, perfect for condominium loan options.
Condominium Loans
Nurse smiling with tablet, promoting first responder loan programs.
A nurse smiling while holding a tablet, highlighting loan options for first responders, teachers, and nurses.
First Responders – Nurses – Teacher Loans
Beautiful manufactured home with a welcoming porch and landscaped yard.
A charming manufactured home featuring a spacious porch and lush landscaping, ideal for comfortable living.
Manufactured Home Loans
Senior couple exploring reverse mortgage options on laptop.
Elderly couple discussing reverse mortgage benefits using a laptop at home.
Reverse Mortgages
USDA loan approval process for rural home financing.
A couple stands outside a new house, symbolizing rural homeownership with USDA loans.
USDA Loans
Man using a laptop on a bean bag chair, promoting flexible bank statement loans.
Comfortable man working on a laptop at home, highlighting flexible bank statement loan options for homebuyers.
Bank Statement Loans
Home loan options for quick approval and competitive rates.
Simplify your home buying process with Preferred Rate's SmartBuy program.
Click n’ Close SmartBuy National DPA
Spacious living room with comfortable seating, large windows, and stylish decor.
A bright, inviting living room featuring a blue sofa, wooden chairs, and a fireplace with logs, perfect for relaxing or entertaining.
DSCR Loans (Investment Loans)

Featured

Expanded Credit Loans living room with modern furniture and cozy decor.
Comfortable living room featuring yellow armchairs, a fireplace, and a flat-screen TV, ideal for home improvement financing options.
Expanded Credit Loans
Expanded Income Loans for Home Improvements.
Modern house with landscaped yard and garden.
Expanded Income Loans
Loan options for international clients seeking financial solutions.
A smiling woman using a tablet near a window, representing accessible loan services for foreign nationals.
Loans for Foreign Nationals
Healthcare professional loan options for doctors and medical staff. Secure funding to grow your medi.
Image of a smiling doctor holding a clipboard in a medical office setting. Perfect for promoting medical professional loan services.
Medical Professional Loans
Preferred Rate Pathway DPA Program interior design.
Spacious living room with contemporary furniture and a sleek kitchen setup.
Pathway DPA Program
Secure lock program for home safety and security.
Beautiful blue house featuring a secure lock program for enhanced home safety.
Secure Lock Program
Seller PreLock Program for homeowners to secure home sale options.
A woman reviews her home sale options on a tablet in a bright, modern kitchen, highlighting the Seller PreLock Program benefits.
Seller PreLock Program

Refinance With Purpose

Every refinance starts with a goal. Whether you want to lower your payment, shorten your term, or access equity, we’ll build a strategy around
what matters most to you.

Consolidate Debt

Simplify what you owe. Use your home’s equity to combine high-interest debt into one  payment.

Lower Payments

Improve monthly cash flow. Even a small rate adjustment can create  savings over time.

Get Cash Out

Access equity with intention. Turn your home’s value into funds for renovations, education, retirement, or financial goals.

Change to Fixed Rate

Stabilize your payment. Move from a variable rate to predictable payments built for long-term planning.

Refinance VA Loan

Use a VA refinance program to improve your terms, access cash, or reduce your monthly payment.

Discover your home’s value instantly.

Get a personalized home value report powered by real market data. Track equity, explore trends, and stay informed about your property.

Home loan approval process with competitive rates at Preferred Rate. Secure your mortgage today with.
Beautiful suburban house at sunset, showcasing a cozy home with a well-maintained lawn and welcoming entrance.
Preferred Rate logo with financial graph and rate drop notification.
A logo for Preferred Rate featuring a financial graph and a notification about interest rate drops.

We'll watch the market for you

Set your target interest rate and we’ll notify you when it hits. No spam, just smart alerts.

Mortgage Calculator

Estimate your monthly payment in seconds.

$400,000

$50k $2M+

Customize taxes, insurance & HOA

Not required (Down payment ≥ 20%)
Estimated Monthly Payment

$0

Principal & Interest Mortgge Loan
$0
Property Tax Estimated
$0
Home Insurance Estimated
$0
HOA & PMI Fees
$0
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes.

Frequently asked
questions

With short and easy to understand answers.

Couldn’t find your answer?

[email protected]

Couldn’t find your answer?

[email protected]

Home Loan Guides
& Checklists

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Ready to take the
next step?

Set your target interest rate and we’ll notify you when it hits. No spam, just smart alerts.

  • Competitive rates
  • Expert support
  • Easy process