You may be eligible for a VA Loan if
Advantages of VA Loans

Of the 20+ million active duty service members and veterans with mortgages, a 2014 report shows less than 12% are utilizing their VA mortgage benefit*.
VA Loans vs. Conventional Loans
VA Loans are mortgages from approved lenders – like Mutual of Omaha Mortgage – with a federal guaranty. More than 20 million veterans and their families have benefited from VA loans for more than 70 years. Mutual of Omaha Mortgage's mission is to increase that number exponentially, as we believe that too few qualified veterans and active-duty service members use their VA home loan benefits. It is our civic duty to find a home loan veterans can afford, and to help them achieve their goals of home ownership.
VA Loan | Conventional |
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Who Qualifies | |
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). |
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 | |
Obtain a COE independently or with the assistance of a Mutual of Omaha Mortgage Banker |
Receive a pre-qualification from a Mutual of Omaha Mortgage Banker. |
Benefits | |
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Available Housing | |
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VA Loan | FHA |
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Who Qualifies | |
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). |
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). |
How to Qualify | |
Apply for a COE on your own, or ask Mutual of Omaha Mortgage to help with the process |
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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VA Loan | USDA |
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Who Qualifies | |
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). |
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 | |
Apply for a COE on your own, or ask Mutual of Omaha Mortgage to help with the process |
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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Regulations and Fees
While the VA Loan is a federal program, the government generally does not make direct loans to veterans. Private lenders, including Mutual of Omaha Mortgage, finance the loan while the Department of Veterans Affairs offers a guaranty. This guaranty provides incentive for private lenders to offer loans with better terms.
Loan Limits
In most parts of the country, veterans who qualify for the VA Loan can purchase a home worth up to $510,400 without putting any money down: borrowers in high-cost counties may be able to purchase homes far exceeding that amount without a down payment. With a required minimum down payment, Mutual of Omaha will authorize VA loans above county limits in excess of $1.5 million. To find out the VA Loan Limit in your area, reach out to a Mutual of Omaha Mortgage Banker today.
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*According to a 2014 report on Department of Veterans Affairs loan guarantee data.