Understanding FHA Refinance Loans
Sponsored by the U.S. Department of Housing and Urban Development (HUD), FHA loans are government-backed home loans distributed by private lenders like Mutual of Omaha Mortgage. FHA Loans are often used to fund homes for first-time home buyers, who come to Mutual of Omaha Mortgage with short-lived or troubled credit history and smaller down payment goals. FHA loans are federally insured, meaning the buyer does not face steep down payment or PMI requirements relative to conventional loans. Mutual of Omaha Mortgage competes for the best interest rates available on each FHA loan application.
Why Choose FHA Refinance Home Loans?

Qualified FHA Refinance loan applicants who put down the minimum 3.5% payment save thousands at signing.
FHA Refinance Loans vs. Other Loan Products
FHA refinance loans come with several caveat's that make them unique when compared to other government-backed or traditional loans. Play with the table below to compare FHA refinance loans to other loan types!
Regulations and Fees
While the FHA loan is a federal program, the government generally does not make direct loans to applicants. Private lenders, including Mutual of Omaha Mortgage, finance the loan while the Federal Housing Administration with the Department of Housing and Urban Development (HUD) offer an insurance guaranty. This guaranty provides an incentive for private lenders to offer loans with better terms, and protects them in the event of a customer default.
Loan Limits
The basic standard mortgage limit for FHA insured loans is $314,827 and the high cost area limit is $726,525 after the 3.5% or 5% minimum down payment. To find out the FHA Loan Limit in your area, reach out to a Mutual of Omaha Mortgage Banker today.
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