The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.
Advertising Disclosure
bestonlinemortgageloan.com is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.
Close
Mutual of Omaha Review
Mutual of Omaha Review
June 29, 2022 / Nadav Shemer
Mutual of Omaha Review
June 29, 2022 / Nadav Shemer
Nationally recognized lender
Visit Site >

At a Glance

Mutual of Omaha Mortgage is a nationwide mortgage lender owned by Mutual of Omaha, the Fortune 500 insurance and financial services company that has been operating for more than 100 years. It offers a full range of loans for purchase, refinance, or home equity loans. Mutual of Omaha is also popular among VA borrowers thanks to its support for veterans’ organizations.

Key Figures

Loan types: Purchase, Refinance

Loan products: Conventional, Jumbo, FHA, VA, USDA

APRs start from: 3.97%

Minimum credit score: 500 - 620

Repayment terms: 15-30 years

Pros

  • Good reputation
  • Strong customer satisfaction ratings
  • Wide range of loans
  • Easy online application

Cons

  • Not licensed in New York or West Virginia

When you choose Mutual of Omaha for your mortgage, you are doing business with a company that’s been in financial services since 1909. While the mortgage business only launched in 2017, Mutual of Omaha carries with it more than a century’s experience – and this is reflected in its 4.9-star rating from 700+ customers who have rated Mutual of Omaha’s mortgage-lending business on Zillow.

One thing to be aware of before choosing Mutual of Omaha is that it best rates are about a half-point (i.e. 0.5%) above the average national rate. Of course, no lender ever guarantees you their best rate (it all depends on credit score and other aspects of your financial profile). However, know that if you have an excellent credit score, you may be able to find a better rate elsewhere.

How it works

Mutual of Omaha Mortgage has locations around the country, in most states it only has one or two locations, meaning the closest one could still be hours from where you live. The quickest, simplest way of applying to Mutual of Omaha Mortgage is on its website.

The digital application process is very user-friendly, and involves the following steps:

Pre-qualification.It takes only a minute to see if you qualify for a loan and view rates.

Pre-approval. A Mutual of Omaha banker will guide you through this process and answer any questions.

Make an offer. Once you have your pre-approval, you can approach your house search with confidence.

Close your loan. Loan documents are prepared and delivered to the escrow agent, who will call you to arrange a signing. This is coordinated by your loan originator, your realtor and the escrow agent.

Types of Loans

Mutual of Omaha Mortgage offers the full range of home loan types. They even have USDA loans, which most other lenders don’t offer. Loans can be used for purchasing or refinancing (including cash-out refinancing).

Here’s the full breakdown:

Conforming loans

Jumbo loans

FHA loans

VA loans

USDA loans

Home equity loans

Loan Features

When it comes to loan amounts, eligibility requirements, and credit scores, Mutual of Omaha Mortgage sticks to a similar script as other lenders. As mentioned, one of the main benefits of the Mutual of Omaha Mortgage service is its user-friendly online platform.

After closing your loan, you will have the option of managing your loan from one secure, easily accessible location. This includes being able to:

View your mortgage account information

Pay your mortgage online

Check your balance and status of payments

Review your payment history

Submit a payoff request

Rates and Terms

Mutual of Omaha’s rates look alright on first inspection, although it ultimately depends on your financial profile. Repayment terms are between 15-30 years, with the option of taking an adjustable-rate mortgage at terms of 5/1, 7/1, or 10/1. Like other top lenders, Mutual of Omaha Mortgage lets you trade in higher closing costs for a low interest rate and vice-versa.

Summary

If you’re looking for a lender you can trust, then it’s worth considering Mutual of Omaha Mortgage. This company has been offering insurance and financial services for more than a century. While its mortgage business is fairly new, the strong customer satisfaction ratings suggest that Mutual of Omaha deserves the consideration of borrowers.

Contact Mutual of Omaha

Mutual of Omaha Mortgage is headquartered in San Diego, CA (although parent company Mutual of Omaha is headquartered in Omaha, Nebraska. To get started with a mortgage application, head to the Mutual of Omaha Mortgage website to check your rates or start a live chat online, or call the lender directly on 800-247-2837.

Get started now, visit Mutual of Omaha
By Nadav Shemer
Nadav Shemer specializes in business, tech, and energy, with a background in financial journalism, hi-tech and startups. Nadav writes for bestonlinemortgageloan.com. He enjoys writing about the latest innovations in financial services and products.
Best Mortgage Loans Companies
Rocket mortgage
Read More
Visit Site >