Refinance options tailored to meet your needs
Whether you’re looking to refinance your current VA loan using a VA Streamline Refinance (also referred to as an IRRRL), or improve your rate term on an existing loan, Mutual of Omaha Mortgage is ready to work with you. Our Refinance Experts are standing by to hear your refinance goals. We’ll be ready to present the refinancing options that will best suit what you have in mind.
What Refinancing Option Is Right For You?

Get your refinance options today! Call 1-800-24-RATES to speak directly to a banker!
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!
FHA | Conventional |
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Who Qualifies | |
Any applicant who meets the minimum credit, income and employment requirements from the Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA). |
Both VA and non-VA eligible applicants who exceed maximum USDA and FHA lending requirements with moderate-to-high income, moderate-to-high credit and strong employment history. |
How to Qualify | |
Contact a Mutual of Omaha Mortgage Banker or fill out this form to get your pre-qualification |
Contact a Mutual of Omaha Mortgage Banker or fill out this form to get your pre-qualification |
Benefits | |
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Available Housing | |
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FHA | USDA |
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Who Qualifies | |
Any applicant who meets the minimum credit, income and employment requirements from the Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA).
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Applicants in rural areas who fall beneath the median income line of their respective county, and/or require a mortgage to renovate their home or live with a qualifying physical or mental limitation. |
How to Qualify | |
Contact a Mutual of Omaha Mortgage Banker or fill out this form to get your pre-qualification
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Contact a Mutual of Omaha Mortgage Banker or fill out this form to get your pre-qualification |
Benefits | |
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Available Housing | |
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FHA | VA Loan |
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Who Qualifies | |
Any applicant who meets the minimum credit, income and employment requirements from the Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA). |
U.S. Military Veterans or Active-Duty service members, with qualifying service records, and qualified spouses as determined by the Department of Veterans Affairs (VA). |
How to Qualify | |
Contact a Mutual of Omaha Mortgage Banker or fill out this form to get your pre-qualification |
Apply for a COE on your own, or ask Mutual of Omaha Mortgage to help with the process |
Benefits | |
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Available Housing | |
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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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