Mutual of Omaha home equity loan at a glance
- Credit score
- 620 or higherHigher scores improve your chances
- Product
- Home equity loanFixed rate; no HELOC offered
- Equity needed
- At least 15% to 20%
- Debt-to-income
- Under 43%
- Term
- Typically 5 to 15 yrs
- Loan amounts
- Not published
- Rate
- Not published
- Availability
- Licensed in nearly every state and DC
From mutualmortgage.com, checked October 30, 2026. “Not published” means the lender's own pages that we read do not state it.
Mutual of Omaha home equity loan pros and cons
Pros
- A 620 minimum score, the lowest home equity loan minimum on our list
- Fixed rate, so the payment never changes
- Terms typically 5 to 15 years
- Licensed in nearly every state and DC
- Also offers cash-out refinancing
Cons
- No HELOC; a home equity loan only
- Rates and loan amounts are not published
- Fees are not published
- You must keep at least 15% to 20% equity
Does Mutual of Omaha offer a HELOC?
No. Mutual of Omaha Mortgage's site offers a home equity loan, not a home equity line of credit. Its navigation and sitemap have no HELOC product page; “HELOC” appears only as a general comparison column on the home equity loan page. If you want a line you can draw from over time, see our HELOC lender comparison.
Mutual of Omaha home equity loan rates
Mutual of Omaha Mortgage does not publish home equity loan rates. The rate is fixed for the life of the loan. For what borrowers actually paid on home equity loans, see home equity loan rates.
How Mutual of Omaha's home equity loan works
You get one lump sum at closing and repay it at a fixed rate over a term of typically 5 to 15 years. Because the rate is fixed, your payment stays the same each month.
Worked example (our arithmetic): on a $500,000 home, keeping 20% equity means your mortgage and the new loan together can total up to $400,000. With $300,000 left on your mortgage, that leaves up to $100,000 to borrow. Keeping 15% raises the total to $425,000. Try your numbers in the home equity calculator.
Mutual of Omaha home equity loan requirements
- Credit score: 620 or higher; a higher score improves your approval chances, per its page.
- Equity: at least 15% to 20% in your home.
- Debt-to-income: less than 43% of your total monthly income.
- Property types and loan amounts: not published.
Mutual of Omaha home equity loan fees and closing costs
Mutual of Omaha Mortgage does not publish its fees. Its page notes, as a general drawback of home equity loans, that closing costs can range from 2% to 5% of the loan amount. On a $60,000 loan, that range is $1,200 to $3,000 (our arithmetic). Our guide to home equity closing costs explains the usual items.
Where Mutual of Omaha's home equity loan is available
Its site footer lists mortgage licenses in nearly every state and DC. It does not publish availability for the home equity loan by state, so check your state when you request an offer.
How Mutual of Omaha compares
The same published facts for Mutual of Omaha and two lenders worth comparing it with, all checked October 30, 2026.
| Lender | Key figure | Min. credit | Loan amounts | Review |
|---|---|---|---|---|
 | Credit score from620 | 620 | Not published | This review |
 | Loans up to$500,000 | 640 | $25,000 to $500,000 | Read review of AmeriSave Mortgage |
 | Fixed APR8.05% | Not published | Up to $500,000 | Read review of U.S. Bank |
- AmeriSave: A fixed home equity loan of $25,000 to $500,000, with a 640 minimum and up to 90% CLTV.
- U.S. Bank: A published 8.05% fixed APR as of October 15, 2026, with loans up to $500,000.
Mutual of Omaha home equity loan FAQ
Does Mutual of Omaha Mortgage offer a HELOC?
No. Its website offers a fixed-rate home equity loan, not a HELOC. It also offers cash-out refinancing.
What credit score do you need for a Mutual of Omaha home equity loan?
620 or higher, per its home equity loan page. A higher score improves your chances.
How much equity do you need?
At least 15% to 20% of your home's value, and a debt-to-income ratio under 43%.
What are Mutual of Omaha's home equity loan rates?
It does not publish them. The rate is fixed, so your payment stays the same for the whole term.
How long is a Mutual of Omaha home equity loan?
Typically 5 to 15 years.
Sources
- Mutual of Omaha Mortgage home equity loan page (product type, 620 score, 15% to 20% equity, DTI, term, closing cost note, NMLS, licensing), seen October 30, 2026.
- Mutual of Omaha Mortgage sitemap (no HELOC product page), seen October 30, 2026.
Last reviewed October 30, 2026. Rates and terms are what Mutual of Omaha published on its own site, not offers from LenderMatch. LenderMatch is not a lender and does not make loans or credit decisions.
Keep reading
- What is a home equity loan (HELOAN)? A lump sum at a fixed rate, with a $50,000 example9 min read
- HELOC vs home equity loan: fixed lump sum or variable line? The $50,000 math8 min read
- Home equity closing costs: $0 to $18,000 to borrow the same $60,0008 min read
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