Finance of America vs Mutual of Omaha

Finance of America Reverse and Mutual of Omaha Reverse both originate the federally insured HECM on identical HUD terms (HUD Handbook 4000.1) and each runs its own proprietary jumbo program; this page sets their published parameters side by side and names no "better" lender.

Finance of America Reverse and Mutual of Omaha Reverse are both established reverse mortgage lenders. Each originates the federally insured HECM and each runs a proprietary jumbo program. This page compares them as lenders, on the structure of what they offer rather than on rates, which are quoted per borrower. The two are listed alphabetically; this is informational, not a ranking, and neither lender is named as "better."

Last reviewed 2026-10-07

What can you fairly compare between Finance of America and Mutual of Omaha?

The HECM is a federal product. Its core terms, the 62-year age floor, the lending limit, the 2% upfront and 0.5% annual MIP, the counseling requirement, the non-recourse cap, are set by HUD and apply uniformly across every HUD-approved lender (HUD Handbook 4000.1). A HECM from either lender is the same loan on every term that matters legally; the lenders differ on margin, origination fee within the HUD cap, and service. The jumbo programs are where the genuine product differences sit, because jumbo is privately designed.

How do Finance of America and Mutual of Omaha compare side by side?

| Parameter | Finance of America Reverse | Mutual of Omaha Reverse | |---|---|---| | HECM offered | Yes; standard FHA-insured HECM on federal terms (HUD Handbook 4000.1) | Yes; standard FHA-insured HECM on federal terms (HUD Handbook 4000.1) | | Proprietary jumbo program | HomeSafe (Finance of America, HomeSafe product page) | SecureEquity (Mutual of Omaha, SecureEquity product page) | | Jumbo loan cap | Up to $4 million for certain HomeSafe products (Finance of America, HomeSafe product page) | Up to $4 million (Mutual of Omaha, SecureEquity product page) | | Jumbo minimum age | 55 for certain HomeSafe products; 60 in Massachusetts, New York, Washington; 62 in North Carolina and Texas (Finance of America, HomeSafe product page) | As young as 55; some states set a higher minimum age (Mutual of Omaha, SecureEquity product page) | | Jumbo payout options | Lump sum, monthly payouts, line of credit, or a mix of all three (Finance of America, HomeSafe product page) | Lump sum or line of credit (Mutual of Omaha, SecureEquity product page) | | Corporate parent | Finance of America Companies | Mutual of Omaha Insurance Company | | Non-recourse on jumbo | Finance of America says the borrower or heirs won't owe more than the home's value when the loan becomes due and the home is sold (HomeSafe product page) | Not stated on Mutual of Omaha's product page |

Where do Finance of America and Mutual of Omaha differ?

For a HECM borrower the lenders differ on margin, on the origination fee within the HUD cap, and on service, not on the loan's legal terms. A borrower shopping a HECM should request quotes from both, and from other HUD-approved lenders, against the same age and home value, and compare the margin and fees.

For a jumbo borrower the difference is the program. Finance of America lists HomeSafe's age exceptions: 60 in Massachusetts, New York, and Washington, and 62 in North Carolina and Texas. Mutual of Omaha says SecureEquity starts at 55 and that some states set a higher minimum, and its SecureEquity rate sheet, effective September 9, 2026, leaves Massachusetts and New York off its approved-state list. HomeSafe can pay a lump sum, monthly payouts, a line of credit, or a mix of all three; SecureEquity pays a lump sum or a line of credit (Finance of America; Mutual of Omaha). The two jumbo programs are compared head to head in the HomeSafe vs SecureEquity page.

What do Finance of America and Mutual of Omaha have in common?

Both originate the HECM on identical federal terms. Both run a jumbo program that lends up to $4 million with no mortgage insurance premium and offers a lump sum or a line of credit (Finance of America; Mutual of Omaha). For a borrower whose home is at or below the HECM lending limit, the lender choice is a margin-and-service question, not a product-structure one.

How do you choose between Finance of America and Mutual of Omaha?

The row order is not a ranking. For a HECM, get quotes from both lenders and others, and compare margin and fees. For a jumbo loan, the HomeSafe vs SecureEquity page carries the parameter detail. The HECM-vs-jumbo guide covers which screen to start from, and the reverse mortgage calculator models the HECM side.

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