Mutual of Omaha Reverse Mortgage Reviews

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About Mutual of Omaha Reverse Mortgage

Mutual of Omaha has been helping customers since 1909. Inspired by hometown values and committed to being responsible and caring for each other, we exist for the benefit of our customers.

And, like our customers, we thrive on relationships and building genuine, enduring connections. As a mutual company, our focus isn't on increasing share prices. It's helping customers reach their financial goals.

Pros
  • Resources and calculators online
  • Options for many borrowers
  • In-person advice from loan officers
  • Other mortgage options in-house
Cons
  • No online information about rates

About Mutual of Omaha Reverse Mortgage

Mutual of Omaha is a lending company that offers several types of mortgage products, including reverse mortgages. The company offers Home Equity Conversion Mortgage (HECM), HECM for Purchase loans and jumbo reverse mortgages.

To help you understand your options, Mutual of Omaha provides educational resources and online calculators, including the following:

  • HECM for Purchase calculator
  • Social Security benefits calculator
  • Portfolio without mortgage payment calculator
  • Retirement projections with and without HECM monthly draw calculator
  • Social Security benefits retirement estimator
  • Detailed Social Security calculator

Mutual of Omaha is a member of the National Reverse Mortgage Lenders Association. The company is licensed and does business in 48 states — it's unavailable in New York and West Virginia. It offers a mobile app that enables clients to manage their mortgages and to stay in touch with loan offers and real estate agents.

Mutual of Omaha Reverse Mortgage requirements and application

To qualify for a reverse mortgage from Mutual of Omaha, applicants must fit the federal eligibility requirements and meet minimum credit score requirements. Mutual of Omaha doesn’t specifically mention what the credit score requirements are, so you should discuss your situation with a local agent.

Mutual of Omaha lets clients submit their reverse mortgage applications online. They can upload documents and track their application via the mobile app. Clients who require assistance before submitting an application can get in touch with a loan officer.

You can submit your contact information on the company’s website by selecting the type of loan you want and filling out a form. A loan officer will call you back to discuss the procedure for the loan application. Clients who apply for a home equity loan usually wait 30 to 45 days to complete the entire process.

Mutual of Omaha Reverse Mortgages rates

Mutual of Omaha’s reverse mortgage rates vary depending on your home, your age and your credit score, but you can talk to a representative to get an estimate.

Apart from the interest, borrowers who take out a reverse mortgage from Mutual of Omaha will have to pay lender fees, closing costs and upfront mortgage insurance. In total, Mutual of Omaha estimates these fees to range from $11,000 to $21,000, depending on the value of the home.

Every client’s situation is different, and yours will ultimately determine your rates and fees.

Mutual of Omaha Reverse Mortgage FAQ

Where are Mutual of Omaha reverse mortgages available?

Mutual of Omaha’s headquarters are in San Diego, California, but it is licensed in all states except New York and West Virginia.

Does Mutual of Omaha offer other types of mortgages?

Yes, in addition to reverse mortgages, Mutual of Omaha also offers conventional, FA, VHA, adjustable-rate and jumbo home loans.

Does Mutual of Omaha do loan refinancing?

Yes, borrowers can take out VA, FHA, investment property and home equity refinancing loans.

Still have questions?

Are Mutual of Omaha reverse mortgages good?

If you need a reverse mortgage, Mutual of Omaha is a good choice. Backed by the financial stability of its other services, its reverse mortgages are trusty and solid. The company offers HECMs, HECMs for Purchase and jumbo reverse mortgages, and it and provides online resources and a handful of calculators to help you decide which options are best for you. To get personalized advice, contact a local representative.

Mutual of Omaha Reverse Mortgage Reviews

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    1 featured review
    How do I know I can trust these reviews about Mutual of Omaha Reverse Mortgage?
    • 4,916,070 reviews on ConsumerAffairs are verified.
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    Page 1 Reviews 0 - 30
    Customer Service

    Reviewed May 7, 2026

    HORRIBLE CUSTOMER SERVICE!!!! I called to ask a question and they do not listen, I had to continually repeat myself and then they would rephrase it and ask a different way and then ask me what I just told them, felt very manipulative to me, they are just selling a product. DO NOT CALL THIS COMPANY!!

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      Customer ServicePunctuality & SpeedStaff

      Reviewed April 17, 2026

      After closing on January 31, 2026, I didn't receive the paperwork regarding my credit account. It was frustrating being told "It's in the mail" or "wait another day". After more than a month, I was contacted by Vanessa ** supposedly from headquarters. I explained I had additional questions. She sent me two large stacks of the same paperwork which was not helpful. I tried to reach her after that and she said she would call me but never did. Overall, I am left very disappointed.

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      Staff

      Reviewed June 11, 2025

      I was treated with respect and any questions I had were answered. Richard ** was a delight to work with. I believe God sent me angel to work with me, and Richard was that angel. If I had any questions, he was always there for me explaining everything. No rushing through anything. I felt that I could trust Richard. He was very professional, and I felt that he had my back. Thank you, Richard.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your wonderful feedback! We’re thrilled to hear Richard provided such an exceptional experience.

      StaffFollow-ThroughHonesty & Transparency

      Reviewed May 17, 2025

      From the very beginning I felt well informed. There were many obstacles that came up but Trudy ** helped me navigate through them while constantly keeping everything on track, I honestly don’t know if I would have able to follow through with everything without her help. In the end I’m extremely happy with the results.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We appreciate your kind words! It’s wonderful to hear Trudy made everything seamless and kept you informed.

      Punctuality & SpeedStaff

      Reviewed May 14, 2025

      Mr. Michael ** helped us with our application. He was professional, informative and made the experience easy. We truly enjoyed talking to him during this process. He told us funny stories and we talked about life experiences. He always answered our questions quickly. At the end of this process, we felt like we gained a friend. We would definitely recommend Mr. ** and Mutual of Omaha for your mortgage needs.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your wonderful feedback! We’re thrilled to hear Michael provided such an exceptional experience.

      StaffRates

      Reviewed May 14, 2025

      Our representative was always available to help with any questions we may have had. The process was very efficient and well presented. Once we made up our minds to do the reverse mortgage, it was completed in a reasonable amount of time. I would definitely recommend Mutual of Omaha to anyone interested in possibly doing a reverse mortgage.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for choosing us and for your fantastic review! We’re thrilled to know you had a great experience and truly appreciate your support!

      Profile pic of the author.
      Customer ServiceStaff

      Reviewed May 5, 2025

      My wife and I are extremely happy to have chosen Mutual of Omaha Reverse Mortgage and that you also chose us. The process was timely and detailed. Big thanks to you All. Mr. Peter ** was there for us every step of the way. He would call often just to let us know things were going as he would say very well. He was professional, kind and represented the company well. Thank you so very much Mr. Marcus

      Donnie and Ivy **

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We appreciate your kind words! It’s wonderful to hear Peter made everything seamless and kept you informed.

      StaffLoan Process

      Reviewed May 5, 2025

      Our agent, John ** was kind, patient and very professional. We presented him and Mutual of Omaha with a very difficult transaction as we had expired credentials and missing documents, yet he continued to help us navigate the reverse mortgage loan application process until the loan funded. Would highly recommend.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your wonderful feedback! We’re thrilled to hear John provided such an exceptional experience.

      Customer ServicePunctuality & Speed

      Reviewed May 5, 2025

      Autumn was a pleasure to work with. During a stressful time in my life, she made a difficult process much easier. Calls were returned promptly and she was there to answer all my questions. Thank you, Autumn!

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your review! We’re delighted Autumn was able to make the process effortless and keep you updated throughout.

      Customer ServiceStaff

      Reviewed May 1, 2025

      Thomas was so helpful and showed he cared by getting us the best deal possible for my mother who just lost my dad. His knowledge of the California market and solar panels was insightful and he worked through difficulties of the family being in different states.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We send our condolences to you and your family. We’re happy to hear that Thomas provided clear communication and guided you through the process. Thank you for the kind review!

      Staff

      Reviewed May 1, 2025

      From day one all the assistance we received on a daily basis was great. Very professional from start to finish, we are very happy and satisfied with everything done. Congratulations and thank you for all you did for us.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for choosing us and for your fantastic review! We’re thrilled to know you had a great experience and truly appreciate your support!

      Customer ServicePunctuality & SpeedStaffBillingLoan Process

      Reviewed April 28, 2025

      In your later years of life when you find yourself in need of a loan as I did, and you don’t want to be making an extra payment monthly then please give Mutual of Omaha a call about an HECM (Home Equity Conversion Mortgage) Reverse Mortgage loan with a very knowledgeable young lady named Kandice ** phone # **. Her email is ** and she will go the extra mile to assist you, and give you the help you need to get an HECM (Home Equity Conversion Mortgages). I was totally satisfied with my Reverse Mortgage Loan (HECM). Thank you Mutual of Omaha and a special “shout out” to Kandice ** Consumer Direct Loan Originator NMLS # **. I know made the best change in my life for me.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We truly appreciate your kind review! We’re delighted Kandice was able to make the process effortless and keep you updated throughout.

      Staff

      Reviewed April 22, 2025

      Excellent experience. Agent Sandy's expertise was unmatched in guiding me through the Reverse Mortgage process. She was professional. Friendly, courteous and knowledgeable every step of the way and standing at the ready whenever I had questions or concerns.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your wonderful feedback! We’re thrilled to hear Sandy provided such an exceptional experience.

      Profile pic of the author.
      StaffLoan Process

      Reviewed April 21, 2025

      We chose Mutual of Omaha because of their reputation and experience in the Reverse Mortgage Field. We did a lot of research before moving forward, and all of the information and dealings we had with the company matched what we had learned. The Consumer Direct Loan Originator, Jason **, was helpful and great to work with during the entire process. We highly recommend the company and their product.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for choosing us and for your fantastic review! We’re thrilled to know you had a great experience and that Jason made the process smooth and easy for you.

      Staff

      Reviewed April 15, 2025

      Was an overall good experience. Lots of hoops to jump. Good people. Myself and my wife are both very happy with the transaction with our Representative. Good product for our retiring family for providing peace of mind for our futures.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for the kind words! We’re proud to have team members who go above and beyond for our customers.

      Staff

      Reviewed April 7, 2025

      Processed in a timely manner. Andrew and Natasha was very professional and helpful. The notary republic they sent me was exceptionally good. The appraiser they sent me treated me decent. I was very professional also

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for kind your review! We’re delighted Andrew & Natasha were able to make the process efficient and smooth for you.

      Reviewed April 6, 2025

      The experience of our reverse mortgage was very positive, and I'd recommend Mutual Of Omaha to anyone looking for a reverse mortgage. Michelle kept us fully informed along all steps, and even when a few hiccups reared their heads, she was on top of all issues and provided solutions.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your wonderful feedback! We’re thrilled to hear Michelle provided such an exceptional experience.

      Staff

      Reviewed April 6, 2025

      Peter was efficient and friendly. He communicated well and explained in details each area of the process. He walked us through the process with his expertise. He knows his craft and is good at it. Thanks.

      Thanks for your vote!
      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We appreciate your kind words! It’s wonderful to hear Peter made everything seamless and kept you informed.

      Staff

      Reviewed April 1, 2025

      Working with Rich ** was a pleasure. He was knowledgeable and could answer all my questions. Going through the process can be very stressful and Rich was very kind and understanding and walked me through the entire process. I would absolutely recommend him and Mutual of Omaha to anyone who is thinking about getting a reverse mortgage. Thanks Rich for being there when I needed you!

      Thanks for your vote!
      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thanks so much for the wonderful feedback! We’re thrilled to know Rich made everything smooth and was there to support you throughout the process.

      Customer ServiceRefunds & PayoutsStaff

      Reviewed March 25, 2025

      When Mutual of Omaha first approached me regarding a Reverse Mortgage, they were very responsive during the beginning of the process. Once the appraisal, which is paid for by the applicant, was complete, they just dumped us without a word, stopped returning phone calls and we haven't heard from them since. I guess they have no problem wasting your time asking for you to jump through hoops when they return no follow-through at all.

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      Customer ServiceStaff

      Reviewed March 25, 2025

      Just ok. I felt not communicative enough for my taste and often nonresponsive to my emails or requests. Polite and professional just not giving me what I wanted. I told him as much in an email. Needs to listen more.

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      Customer ServiceStaff

      Reviewed March 24, 2025

      My contact in Mutual of Omaha was Marsha. These days mostly what you hear is about bad customer service. My experience with Marsha was the total opposite. From our first conversation on she was a real pleasure to deal with. She did an excellent job of mixing professionalism and humanism. We established a great working relationship. Marsha guided me through the process without a hitch. The company is easy to work with and I would highly recommend them.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your wonderful feedback! We’re thrilled to hear Marsha provided such an exceptional experience.

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      Reviewed March 16, 2025

      When I first spoke with Mr. **, he said he would walk me through the entire process and he did exactly that. He told me what to expect and when. He answered all my questions and clarified information. He never made me feel like I was imposing. He worked really hard to make this happen & I'm grateful.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We appreciate your kind words! It’s wonderful to hear Michael made everything seamless and kept you informed.

      CoverageStaffLoan Process

      Reviewed March 12, 2025

      Terri ** guided me courteously & professionally through the loan process. She made herself available at all times to answer questions and thoroughly cover the information which was foreign to me. Because of her deep knowledge and patience, I had every question addressed and any hesitation expressed, on my part, was abated. Terri has outstanding skills and a warmth which is infectious! She is the reason I have a loan.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We’re so pleased to hear Terri made the process smooth and kept you informed every step of the way. Thank you for your kind review!

      StaffLoan Process

      Reviewed March 8, 2025

      My Mutual of Omaha loan officer, Michael **, has years of experience and is willing to go the extra mile to get you through the process. I am very pleased with this company and recommend them wholeheartedly.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your kind review! We’re delighted Michael was able to make the process effortless and keep you updated throughout.

      Customer ServicePunctuality & SpeedStaff

      Reviewed March 5, 2025

      Dealing with Peter ** was very rewarding, he always returned my phone calls promptly. His advice about the reverse mortgage was easy to understand. His knowledge helped me quite a bit. I would highly recommend him.. Very rewarding.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We’re so glad to know Peter made the process smooth and kept you informed every step of the way. Thank you for your kind review!

      Customer Service

      Reviewed March 5, 2025

      Barbra ** was a joy to work with and she persevered with us through the task of reverse mortgage. She fully explained our options and had patience with us while we navigated the process. She also managed all of our emails and calls very well.

      Thanks for your vote!
      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We appreciate your kind words! It’s wonderful to hear Barbra made everything seamless and kept you informed.

      Profile pic of the author.
      StaffBilling

      Reviewed Feb. 6, 2025

      Mutual of Omaha Reverse Mortgage Specialist, Bill **, was extremely helpful and knowledgeable when I selected Mutual of Omaha for my financial needs. The whole process had few hiccups and the Reverse Mortgage was finalized and funded. It was very easy to work with Bill and his team and they stayed in contact throughout the whole process which can be a bit daunting when not familiar with the financial instrument. Overall I give Bill and his team high marks and would recommend Mutual of Omaha to anyone considering a Reserve Mortgage.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      Thank you for your kind review! We’re delighted Bill was able to make the process effortless and keep you updated throughout.

      Profile pic of the author.
      Punctuality & Speed

      Reviewed Feb. 5, 2025

      We worked with Jackie ** to have a reverse mortgage done. Jackie and her team made the process of getting this done very quickly and efficiently. They were all easy to work with and it all came together quicker than we expected which was very appreciated. We are satisfied with everyone involved at Mutual of Omaha and highly recommend Mutual of Omaha for anyone looking to do a reverse mortgage.

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      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We’re thrilled to hear Jackie made the process smooth and kept you informed every step of the way. Thank you for your kind review!

      Sales & MarketingStaff

      Reviewed Jan. 31, 2025

      Kim is one of the most knowledgeable sales representatives I have ever had the experience of working with. Obtaining a reverse mortgage can be quite the challenge but Kim was always there to help me through the process. I would certainly recommend her to anyone looking to obtain a reverse mortgage.

      Thanks for your vote!
      Mutual of Omaha Reverse Mortgage
      Response from Mutual of Omaha Reverse Mortgage

      We’re so pleased to hear Kim made the process smooth and kept you informed every step of the way. Thank you for your kind review!

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      Mutual of Omaha Reverse Mortgage Company Information

      Company Name:
      Mutual of Omaha Reverse Mortgage
      Address:
      3131 Camino Del Rio N 1100
      City:
      San Diego
      State/Province:
      CA
      Postal Code:
      92108
      Country:
      United States
      Website:
      mutualreverse.com