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Purchase Home Loans with Mutual of Omaha Mortgage
Learn About Your Home Loan
VA Loans Mutual of Omaha Mortgage takes pride in our commitment to being the best VA mortgage lender for all eligible Veterans, Active-Duty Military members, and their qualified spouses across the country.
Conventional Loans Lock in the interest rate over the life of your 15 or 30-year mortgage loan to keep monthly payments consistent.
Adjustable Rate Mortgages (ARMs) Mutual of Omaha Mortgage will lock your interest rate for a certain amount of time, and then allow your mortgage payment to be affected by the going market rate on your product.
FHA Loans Another government-backed loan package for those with credit and income limitations. FHA loans are a great product for first-time homebuyers.
USDA Loans These government-sponsored home loans are intended for rural properties with limited income buyers to have a quality standard of living, regardless of location or limitation.
Refinance Loans Whether you’re looking for a rate-term refinance or a cash-out, Mutual of Omaha Mortgage offers several refinance packages to fit your refinance needs.
Learn About the Mortgage Process Timeline
Review Loan Information
Applicant reviews loan information for loan purpose.
Submit Loan Application
Applicant completes a loan application. This will set the process in motion.
Get Prequalified Today
Loan Originator Contacts Customer
Your first connection with your loan originator from Mutual of Omaha Mortgage will get a dialogue started, which will help get you closer to a loan.
Credit Check & Pre-Qualification
Mutual of Omaha Mortgage prequalifies you using our proprietary system and our in-house underwriting team. Our system will assess your credit, income and assets to quickly determine what loan(s) you qualify for.
Required Loan Documentation and Paperwork
As with any mortgage, paperwork is still a big part of the loan process. We will mail you forms to sign and provide a document checklist.
Rate Lock & Appraisal
Once we determine your loan amount, type of loan and rate, your loan originator will recommend the appropriate time to lock the rate with a lender.
Loan Submission for the Best Rate/Program
Once all of the paperwork is assembled by our processor, your package will be forwarded to underwriting for approval.
Underwriting & Approval
An underwriter will review the package and fax an approval to Mutual of Omaha Mortgage and any conditions necessary for the approval. Most conditions necessary for the approval are taken care of by Mutual of Omaha Mortgage.
Clear Loan Conditions
Our closer gets the conditions from underwriting and works to finalize the file in preparation to close.
Loan Documents Delivered
Loan documents are prepared and delivered to the escrow agent. The escrow agent will call you to arrange a signing. This is coordinated by your loan originator, your Realtor and the escrow agent.
Once the signed documents are returned, they will be reviewed. The escrow agent will request a wire transfer of the loan funds, close and record the transaction.