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?
    • 4,887,913 reviews on ConsumerAffairs are verified.
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    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 10
    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.

      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 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.

      Thanks for your vote!
      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!

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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