Omega Mortgage Group is a privately held, full-service mortgage lender headquartered at 10663 Professional Circle, Suite A, Reno, Nevada. Founded in 2005, the company operates multiple branch locations across Nevada, California, and Arizona. They emphasize a strong focus on local expertise and community-based lending, however their rates are historically higher than the median lender.
See today’s mortgage interest rates on TrueRate.
How Omega Mortgage Group compares to other lenders
| Headquarters | Reno, Nevada |
| Website | omegamotgagegroup.com |
| Rate | 0.16% higher than the median rate |
| Lender fees | $1,595 (median) |
| Added cost 1 year, compared to the median interest rate | $157 |
| Added cost after 10 years, compared to the median interest rate | $4,922 |
| Added cost after 1 year (vs. Tomo Mortgage) | $2,736 |
| Added cost after 10 years (vs. Tomo Mortgage) | $16,107 |
For a $400,000 mortgage, Omega Mortgage Group’s rates—about 0.16% higher than the market median—and $1,595 in lender fees would result in an added cost of around $157 in the first year and around $4,922 over 10 years compared to a typical lender. Compared to a lower-rate lender like Tomo Mortgage, the difference may be more pronounced—adding up to $2,736 in year one and $16,107 over 10 years decade. It’s a reminder of why rate shopping remains a critical step in the mortgage process, especially depending on the planned duration of owning the property.
What customers are saying
Omega Mortgage Group receives highly positive reviews on third-party platforms like Zillow. Borrowers consistently praise the responsiveness, professionalism, and expertise of Omega’s loan officers, highlighting clear communication and prompt answers to questions throughout the mortgage process. Many note that closings were handled smoothly and on time, and first-time buyers especially appreciated the extra guidance and support provided. Notably, there are no significant negative trends or recurring complaints in the available third-party reviews.
How to compare mortgage lenders
Interest rates. Comparing rates between lenders isn’t always straightforward. Many promote low headline rates that require paying “points” upfront to buy down the interest rate. To make a true comparison, focus on the par rate (0 points) and the APR, which reflects both the interest rate and any lender fees. Even small differences can translate into significant savings over the life of the loan.
Lender fees or loan origination fees. Many lenders charge fees that add thousands to the cost of a loan. It’s important to look at both the rate and the fees together to understand the true cost of borrowing. For a $400,000 mortgage, avoiding even a $1,000 fee could contribute to meaningful savings in the first year and over the long term.
On-time close rate. Most lenders do not publicly share their on-time close rates. However, it’s a critical factor—especially if your home contract has tight deadlines. Asking about their process for meeting close dates, including underwriting and document review timelines, can give you more confidence when choosing a lender.
Pre-approval and offer letters. Some lenders offer fast pre-qualifications that may not be fully underwritten, which can weaken your offer in competitive markets. It’s important to ask whether a lender’s pre-approvals are fully underwritten and how credible their letters are when presented with an offer.
Customer satisfaction. If detailed customer review data isn’t readily available, check third-party review sites or ask the lender for references. It’s important to understand how they handle communication, responsiveness, and issue resolution throughout the loan process.
Employee reviews. Company culture often influences how clients are treated. A lender with strong employee satisfaction typically delivers better service, more organized processing, and a smoother overall experience for borrowers.
To better understand how we compare mortgage rates fairly, see our TrueRate Methodology.
If you’re ready to start your journey to homeownership, get pre-approved with Tomo Mortgage today.