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Mutual of Omaha Mortgage, a division of the longstanding Fortune 500 brand, offers mortgages for both home purchases and refinancing. It’s also one of the biggest providers of reverse mortgages: In 2023, the company was the nation’s second-largest reverse mortgage lender, according to federal data. The Mutual website isn’t as sophisticated as those of other lenders, and you’ll need to provide some contact info before you learn what rate you qualify for.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing and more
Min. credit score required
Undisclosed
Nationwide availability
All U.S. states except New York and West Virginia
Min. down payment
3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans
Mutual of Omaha Mortgage is the home-lending unit of Mutual of Omaha. While Mutual of Omaha has been around since 1909, its mortgage division launched in 2016. The lender has a robust digital presence with a mobile app and online chat feature to connect with loan officers, and you can also visit branch locations in 25 states. The lender is especially focused on reverse mortgages: Mutual of Omaha Mortgage ranked No. 2 in reverse mortgage volume in 2023, originating nearly 1.2 million of these specialty loans.
Outstanding reviews from past customers
Mobile app for easy application tracking
Limited to no details about mortgages online
Must share contact information to access rates
Mutual of Omaha Mortgage doesn’t display rates or fees on its website. You’ll need to share your name, email address and phone number to get a personalized rate quote.
Mutual of Omaha is licensed in 48 states. This lender has a robust digital presence with a mobile app and online chat to connect with loan officers, and borrowers can also visit branch locations in 25 states. The lender specializes in reverse mortgages, but also provides conventional loans, FHA loans, VA loans, jumbo loans and options to refinance your existing mortgage.
Mutual of Omaha Mortgage is relatively newer to the space, but its parent, Mutual of Omaha, has operated for more than 100 years. The lender is accredited by the Better Business Bureau with an A+ rating and an exceptional track record with past customers. The feedback is similar on Trustpilot.
You can apply for a mortgage with Mutual of Omaha Mortgage in person at a branch location, online or by phone at 800-24-RATES. Here are some tips to prepare for the process:
Mutual of Omaha Mortgage offers both rate-and-term and cash-out refinancing options. The lender doesn’t share any information about its refinance fees on its website.
Mutual of Omaha’s Home Equity Conversion Mortgage (HECM), the fancy name for a reverse mortgage, is a federally backed home loan that allows borrowers age 62 or older to convert part of their home's equity into cash without having to sell the home.
To meet the unique needs of homeowners 62 and older looking to purchase a home, the Home Equity Conversion Mortgage (HECM) for Purchase allows buyers to use loan proceeds from the reverse mortgage.
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.6 stars out of 5
4.6
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.9 stars out of 5
4.9
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing |
Min. credit score required Undisclosed |
Min. credit score required 620 for conventional loans, 600 for FHA loans, 620 for VA loans |
Min. credit score required 620 for conventional loans, 620 for VA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans |
Down payment Undisclosed |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans |
Nationwide availability All U.S. states except New York and West Virginia |
Nationwide availability All U.S. states |
Nationwide availability All U.S. states |
NMLS: 1025894
4.7
77 ratings
This lender has 63 recent reviews.
92% of customers would recommend this lender.
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To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?