An Exclusive Rebate Program for VA Loan Eligible Customers
Mutual of Omaha Mortgage is offering exclusive benefits to veterans/active duty and their families through its real estate partnership program.
This rebate program has been negotiated especially for you, our valued service members (past and present and your families) with our national realtor network. Our referred realtors will rebate you a total of 25% of the total commission they earn (22% to the Veteran and 3% to the USO). Even better, this rebate can be stacked if you are buying and selling a home.
Example 1
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Veteran/Active Duty and/or their families buy a home for $300,000.
$300,000 transaction
3% commission to real estate agent = $9,000
• Veteran/Active Duty and/or their families receive 22% of commission rebate = $1,980
• USO receives a donation of 3% = $270
• Total rebate 25% = $2250
Example 2
Veteran/Active Duty and/or their families selling a home for
$300,000 and also purchasing a home for $500,000 (same market or different market).
$800,000 transaction
3% ommission to real estate agent = $24,000
• Veteran/Active Duty and/or their families receive 22% of commission rebate = $5,280
• USO receives a donation of 3% = $720
• Total rebate 25% = $6,000
This program may work for any Mutual of Omaha Mortgage client who is a veteran, active-duty military, and/or their families, buying or selling a house. This rebate offer does not require the client to use Mutual of Omaha Mortgage for financing. It does require the client to close with the referred Real Estate firm.
TERMS AND CONDITIONS
Incentive eligibility on real estate transactions: (A) requires customers to utilize the Mutual Military Realtor Benefit through the Mutual Military Realtor Benefit assigned broker; (B) may not be available to customers currently registered with another Military reward program; (C) may not be available to individuals receiving certain corporate relocation benefits, subject to a review of specific policy restrictions and other benefits received for the same property transaction; (E) is available to customers not currently under contract with a real estate sales professional to buy or sell; (F) requires a minimum home sale price of $100,000, excluding land only transactions; (G) is based on a broker commission rate of 3% for a single-sided transaction, if your actual commission is less than 3%, your benefits may be reduced; (H) except where this program is prohibited by law.
STATE RESTRICTIONS:
Some states restrict rebates but allow an equal discount to be applied.
- Sellers may be eligible for a discount only in Alabama, Alaska, Louisiana, Mississippi, Missouri, New Jersey, Oklahoma, Oregon and Tennessee.
- Buyers are not eligible for a rebate from the rebate program but may be eligible for a rebate from the real estate broker in New Jersey.
- Buyers are not eligible for a rebate or a discount in Alabama, Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Oregon, and Tennessee.
- Sellers are not eligible for a rebate or a discount in Iowa and Kansas.
Mutual of Omaha Mortgage, Inc., NMLS ID 1025894. 3131 Camino Del Rio N 190, San Diego, CA 92108. Alabama Consumer Credit License 22123; Alaska Broker/Lender License AK1025894. Arizona Mortgage Banker License 0926603; Arkansas Combination Mortgage Banker/Broker/Servicer License 109250; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License 4131356; Loans made or arranged pursuant to a California Finance Lender Law license, 60DBO93110; Colorado Mortgage Registration 1025894; Connecticut Mortgage Lender License ML-1025894; Delaware Lender License 028515; District of Columbia Mortgage Dual Authority License MLB1025894; Florida Mortgage Lender Servicer License MLD1827; Georgia Mortgage Lender License/Registration 46648; Hawaii Mortgage Loan Originator Company License HI-1025894; Idaho Mortgage Broker/Lender License MBL-2081025894; Illinois Residential Mortgage Licensee MB.6761115; Indiana-DFI Mortgage Lending License 43321; Iowa Mortgage Banker License 2019-0119; Kansas Mortgage Company License MC.0025612; Kentucky Mortgage Company License MC707287; Maine Supervised Lender License 1025894; Maryland Mortgage Lender License 21678; Massachusetts Mortgage Broker and Lender License MC1025894; Michigan 1st Mortgage Broker/Lender/Servicer Registrant FR0022452; Minnesota Residential Mortgage Originator Exemption MN-OX-1025894; Mississippi Mortgage Lender 1025894; Missouri Mortgage Company License 19-2472; Montana Mortgage Broker and Lender License 1025894; Nebraska Mortgage Banker License 1025894; Nevada Exempt Company Registration 4830. Licensed by the New Hampshire Banking Department, Mortgage Banker License 19926-MB; Licensed by the New Jersey Banking and Insurance Department. New Jersey Residential Mortgage Lender License 1025894; New Mexico Mortgage Loan Company License 1025894; North Carolina Mortgage Lender License L-186305; North Dakota Money Broker License MB103387; Ohio Residential Mortgage Lending Act Certificate of Registration RM.804535.000; Oklahoma Mortgage Lender License ML012498; Oregon Mortgage Lending License ML- 5208; Pennsylvania Mortgage Lender License 72932; Rhode Island Lender License 20163229LL. Rhode Island Loan Broker License 20163230LB; South Carolina BFI Mortgage Lender/Servicer License MLS-1025894; South Dakota Mortgage Lender License ML.05253; Tennessee Mortgage License 190182; Texas Mortgage Banker Registration 1025894; Utah Mortgage Entity License 8928021; Vermont Lender License 6891; Virginia Mortgage Broker and Lender License, NMLS ID #1025894 (www.nmlsconsumeraccess.org); Washington Consumer Loan Company License CL-1025894; Wisconsin Mortgage Banker License 1025894BA; Wyoming Mortgage Lender/Broker License 3488. Toll Free #: (877) 978-1922. Subject to Credit Approval. For licensing information, go to: www.nmlsconsumeraccess.org
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An Exclusive Rebate Program for VA Loan Eligible Customers
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