Compare top reverse lenders in Delaware.

Compare top reverse lenders in Delaware.

Receive your free HECM quote today in DE.

What is a reverse mortgage?

HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature. 

More than 600,000 seniors have taken out a reverse mortgage loan to improve their retirement, your not alone.

Compare HECM Lenders in DE for free with RMLD – Let us find you the best program.

Seniors in DE qualify for a reverse mortgage if…

  • they are 62 years of age or older
  • own their homes
  • have equity available in the property
  • can afford to pay for the home’s property taxes and insurance
  • have never defaulted on governemnt insured loans

I qualify for the HECM reverse mortgage how does this program improve my retirement?

  • improve your retirement qualify by having access to your equity today
  • no more mortgage payments while you are living in the home
  • interest rates are at all time low’s
  • ability to spend the equity as you wish – no restrictions are placed on the funds
  • no taxes are applied to the equity you release

“There is no other program which allows seniors to access their home’s equity without having payment in retirement.”

How Does the Reverse Mortgage Work in Delaware?

You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.

Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.

This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.

Snapshot of Delaware

885.1 K

Population

$130,400

Median Home Value

72%

Home Ownership Rate

14%

Percent PopulationOver 65

Find Your City to Compare State and National Averages

LOCATION POPULATION MED. HOME VALUE HOME OWNERSHIP RATE % POPULATION OVER 65
USA 307,006,550 $119,600 66% 13%
Delaware 885,122 $130,400 72% 14%
Dover 34,735 $111,300 52% 13%
Newark 30,014 $153,300 55% 9%
Wilmington 72,826 $89,100 50% 13%

Local Reverse Mortgage Lenders/Banks/Brokers in Delaware

B

Bear · Bellefonte · Bethany Beach · Bethel · Blades · Bridgeville

C

Camden · Camden Wyoming · Cheswold · Christiana · Clarksville · Claymont · Clayton

D

Dagsboro · Delaware City · Delmar · Dewey Beach · Dover · Dover AFB

E

Edgemoor · Ellendale · Elsmere

F

Farmington · Felton · Fenwick Island · Frankford · Frederica

G

Georgetown · Greenville · Greenwood

H

Harbeson · Harrington · Hartly · Hockessin · Houston

K

Kenton · Kirkwood

L

Laurel · Leipsic · Lewes · Lincoln · Little Creek · Long Neck

M

Magnolia · Manor · Marshallton · Marydel · Middletown · Milford · Millsboro · Millville · Milton · Montchanin

N

Nassau · New Castle · Newark · Newport

O

Ocean View · Odessa

P

Port Penn

R

Rehoboth Beach · Rockland

S

Saint Georges · Seaford · Selbyville · Smyrna · South Bethany · Stanton

T

Talleyville · Townsend

V

Viola

W

Wilmington · Winterthur · Woodside · Wyoming

Y

Yorklyn

HUD’s list of approved HECM Counselors in Delaware.
Counseling is mandatory in all states for those who wish to get a HECM loan.

Agency Name Website Link
Telephone
National Foundation for Credit Counseling Website
(866) 698-6322
Money Management International Website
(877) 908-2227
Consumer Credit Counseling Svc of Atlanta Website
(866) 616-3716
National Council on Aging Website
(800) 510-0301
ClearPoint Financial Solutions Website
(877) 877-1995
Springboard Website
(800) 947-3752
HomeFree Website
(301) 891-8423
Greenpath Website
(888) 860-4167
Neighborhood Reinvestment Corporation Website
(888) 990-4326
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
37156 REHOBOTH AVENUE EXT UNIT
REHOBOTH BEACH, DE 19971
SUSSEX County
Title II
Approval Date: Nov 24, 2008 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (302) 239-5173 FAX Number: (302) 239-5154
E-Mail Address: [email protected]
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GSF MORTGAGE CORPORATION
2 PENNS WAY STE 202
NEW CASTLE, DE 19720
NEW CASTLE County
Title II
Approval Date: May 29, 2009 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (302) 322-7015 FAX Number: (302) 322-1132
E-Mail Address: [email protected]
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PIKE CREEK MORTGAGE SERVICES INC
2100 DRUMMOND PLZ
NEWARK, DE 19711
NEW CASTLE County
Title II
Approval Date: Apr 13, 2000 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (302) 892-2811 FAX Number: (302) 892-2606
E-Mail Address: [email protected]
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REVERSE MORTGAGE USA, INC
5 CASPIAN WAY
REHOBOTH BEACH, DE 19971
SUSSEX County
Title II
Approval Date: Sep 06, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (800) 748-1184 FAX Number: (512) 338-3199
E-Mail Address: [email protected]
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UNIVERSAL MORTGAGE AND FINANCE INC
100 BIDDLE AVE STE 200
NEWARK, DE 19702
NEW CASTLE County
Title II
Approval Date: Sep 07, 2007 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (302) 918-3030 FAX Number: (302) 918-3031
E-Mail Address: [email protected]
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WILMINGTON SAVINGS FD SOCIETY
115 COLLEGE SQ
NEWARK, DE 19711
NEW CASTLE County
Title II
Approval Date: Mar 04, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (877) 990-1990 FAX Number: (302) 246-2371
E-Mail Address: [email protected]
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WILMINGTON SAVINGS FD SOCIETY
115 COLLEGE SQ FL 2
NEWARK, DE 19711
NEW CASTLE County
Title II
Approval Date: May 02, 1988 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (302) 792-6000 FAX Number: (302) 246-2371
E-Mail Address: [email protected]