Idaho residents receive best reverse mortgage

Idaho residents receive best reverse mortgage
compare top lenders now.

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. 

Every year some 100,000 seniors take out a reverse mortgage? Many more seniors are considering this option and your not alone in your search for answers.

RMLD uses a comparison approach to truly find the best HECM deals in ID. We take pride in finding seniors the best options for their retirement. Also our quotes are free so there is no risk to you.

Seniors in ID 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. If you are considering this option we encourage you to get at leasta get a free quote.”

 

Idaho residents ask us all the time – How Does the Reverse Mortgage Work?

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 Idaho

1.5 M

Population

$106,300

Median Home Value

72%

Home Ownership Rate

12%

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%
Idaho 1,545,801 $106,300 72% 12%
Caldwell 37,056 $84,700 65% 11%
Idaho Falls 52,786 $90,100 68% 11%
Lewiston 31,293 $106,000 67% 17%
Meridian 59,832 $121,200 84% 6%
Nampa 76,587 $92,200 70% 11%
Pocatello 53,932 $87,100 66% 10%
Twin Falls 40,380 $93,500 63% 15%

Local Reverse Mortgage Lenders/Banks/Brokers in Idaho

A

Aberdeen · Acequia · Ahsahka · Albion · Almo · Am Falls · American Falls · Ammon · Anderson Dam · Arbon · Arco · Arimo · Ashton · Athol · Atlanta · Atomic City · Avery

B

Bancroft · Banks · Basalt · Bayview · Bellevue · Bern · Blackfoot · Blanchard · Bliss · Bloomington · Boise · Bonners Ferry · Bovill · Bruneau · Buhl · Burley · Butte City

C

Calder · Caldwell · Cambridge · Carey · Careywood · Carmen · Cascade · Castleford · Cataldo · Centerville · Challis · Chester · Chubbuck · Clark Fork · Clarkia · Clayton · Clearwater · Clifton · Cobalt · Cocolalla · Coeur D Alene · Colburn · Conda · Coolin · Corral · Cottonwood · Council · Craigmont · Culdesac

D

Dalton Gardens · Darlington · Dayton · Deary · Declo · Desmet · Dietrich · Dingle · Dixie · Donnelly · Dover · Downey · Driggs · Dubois

E

Eagle · East Magic · Eastport · Eden · Elba · Elk City · Elk Horn · Elk River · Ellis · Emmett

F

Fairfield · Featherville · Felt · Fenn · Ferdinand · Fernan Lake Village · Fernwood · Filer · Firth · Fish Haven · Fort Hall · Franklin · Fruitland · Fruitvale

G

Gannett · Garden City · Garden Valley · Genesee · Geneva · Georgetown · Gibbonsville · Glenns Ferry · Gooding · Grace · Grand View · Grangeville · Grasmere · Greencreek · Greenleaf

H

Hagerman · Hailey · Hamer · Hammett · Hansen · Harpster · Harrison · Harvard · Hauser · Hayden · Hayden Lake · Hazelton · Headquarters · Heyburn · Hidden Springs · Hill City · Holbrook · Hollister · Homedale · Hope · Horseshoe Bend · Horseshoe Bnd · Howe · Huetter · Huston

I

Idaho City · Idaho Falls · Indian Valley · Inkom · Iona · Irwin · Island Park

J

Jackson · Jerome · Juliaetta

K

Kamiah · Kellogg · Kendrick · Ketchum · Keuterville · Kimberly · King Hill · Kingston · Kooskia · Kootenai · Kuna

L

Laclede · Lake Fork · Lapwai · Lava Hot Springs · Leadore · Lemhi · Lenore · Letha · Lewiston · Lewisville · Lone Star · Lost River · Lowman · Lucile

M

Mackay · Macks Inn · Malad City · Malta · Marsing · May · McCall · McCammon · Medimont · Melba · Menan · Meridian · Mesa · Middleton · Midvale · Minidoka · Monteview · Montour · Montpelier · Moore · Moreland · Moscow · Mountain Home · Mountain Home A F B · Mountain Home AFB · Moyie Springs · Mt Home · Mullan · Murphy · Murray · Murtaugh

N

Nampa · Naples · New Centerville · New Meadows · New Plymouth · Newdale · Nezperce · Nordman · North Fork · Notus

O

Oakley · Oasis · Ola · Oldtown · Onaway · Oreana · Orofino · Osburn · Ovid · Oxford

P

Palisades · Paradise HOT · Paradise Hot Springs · Paris · Parker · Parma · Patterson · Paul · Payette · Peck · Picabo · Pierce · Pine · Pinehurst · Pingree · Pioneerville · Placerville · Plummer · Pocatello · Pollock · Ponderay · Porthill · Post Falls · Potlatch · Prairie · Preston · Prichard · Priest Lake · Priest River · Princeton

R

Rathdrum · Reubens · Rexburg · Richfield · Riddle · Rigby · Riggins · Ririe · Roberts · Rockland · Rocky Bar · Rogerson · Rupert

S

Sagle · Saint Anthony · Saint Charles · Saint Maries · Salmon · Sandpoint · Santa · Sawtooth City · Shelley · Shoshone · Shoup · Silverton · Smelterville · Soda Springs · Spalding · Spencer · Spirit Lake · Springfield · St Maries · Stanley · Star · Star Ranch · Steirman · Sterling · Stites · Stone · Sugar City · Sun Valley · Swan Valley · Swanlake · Sweet

T

Tamarack · Tendoy · Tensed · Terreton · Teton · Tetonia · Thatcher · Tipanuk · Triumph · Troy · Twin Falls · Twin Lakes

U

Ucon

V

Victor · Viola

W

Wallace · Wardner · Warren · Wayan · Weippe · Weiser · Wendell · West Magic · Weston · White Bird · Wilder · Winchester · Worley

Y

Yellow Pine

Approved by HUD list of HECM Counselors in Idaho.
Counseling is mandatory in all states for those who wish to get a HECM loan – we have compiled this list to save seniors in ID time when looking for counselors.

HECM Counseling Agency Roster as of 06/05/2013
(1 records were selected, 1 records displayed.)
Name Agency ID Address Phone Web Site
POCATELLO NEIGHBORHOOD HOUSING SERVICES, INC 80870 206 N ARTHUR AVE
POCATELLO,  ID  83204-3104
(208) 232-9468 http://www.asite.com
AMERICAN PACIFIC MORTGAGE
8921 W HACKAMORE DR
BOISE, ID 83709
ADA County
Title II
Approval Date: Feb 04, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (208) 629-0606 FAX Number: (208) 639-8181
E-Mail Address:[email protected]
Anchor
AMERICAN PACIFIC MORTGAGE
7977 W MARIGOLD ST
GARDEN CITY, ID 83714
ADA County
Title II
Approval Date: Sep 27, 2006 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (208) 853-7878 FAX Number: (208) 853-7879
E-Mail Address:[email protected]
Anchor
BANK OF IDAHO
1230 YELLOWSTONE AVE
POCATELLO, ID 83201
BANNOCK County
Title II
Approval Date: Jan 31, 1986 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (208) 232-5242 FAX Number: (208) 233-5278
E-Mail Address:[email protected]
Anchor
DITECH MORTGAGE CORP
814 N 8TH ST
BOISE, ID 83702
ADA County
Title II
Approval Date: Jul 03, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 345-8153 FAX Number: (866) 931-7859
E-Mail Address:[email protected]
Anchor
FIRST FEDERAL SAVINGS BANK TWIN FALLS
383 SHOSHONE ST N
TWIN FALLS, ID 83301
TWIN FALLS County
Title II
Approval Date: Dec 17, 1991 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (208) 733-4222 FAX Number: (208) 733-9128
E-Mail Address:[email protected]
Anchor
GLACIER BANK
125 W IRONWOOD DR
COEUR D ALENE, ID 83814
KOOTENAI County
Title II
Approval Date: May 01, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 765-0284 FAX Number: (208) 667-0659
E-Mail Address:[email protected]
Anchor
MANN MORTGAGE LLC
300 W MAIN ST STE 225
BOISE, ID 83702
ADA County
Title II
Approval Date: May 26, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 859-7084 FAX Number: (406) 751-6253
E-Mail Address:[email protected]
Anchor
MANN MORTGAGE LLC
5660 E FRANKLIN RD STE 301
NAMPA, ID 83687
CANYON County
Title II
Approval Date: Aug 17, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 465-6650 FAX Number: (208) 465-7500
E-Mail Address:[email protected]
Anchor
MANN MORTGAGE LLC
247 THAIN RD STE 104
LEWISTON, ID 83501
NEZ PERCE County
Title II
Approval Date: May 28, 2004 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 743-1005 FAX Number: (208) 798-1935
E-Mail Address:[email protected]
Anchor
STERLING SAVINGS BANK
2300 S EAGLE RD
MERIDIAN, ID 83642
ADA County
Title II
Approval Date: Sep 17, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 855-2966 FAX Number: (208) 855-2957
E-Mail Address:[email protected]
Anchor
SUMMIT MORTGAGE CORPORATION
4700 N CLOVERDALE RD STE 214
BOISE, ID 83713
ADA County
Title II
Approval Date: May 07, 2008 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 939-0002 FAX Number: (208) 939-3912
E-Mail Address:[email protected]
Anchor
UNIVERSAL AMERICAN MORTGAGE CO LLC
729 S BRIDGE WAY PL
EAGLE, ID 83616
ADA County
Title II
Approval Date: Oct 27, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 938-3245 FAX Number: (208) 938-9212
E-Mail Address:[email protected]
Anchor
WATERSTONE MORTGAGE CORPORATION
7639 W RIVERSIDE DR
BOISE, ID 83714
ADA County
Title II
Approval Date: Sep 24, 2009 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (208) 472-8877 FAX Number: (208) 472-8879
E-Mail Address:[email protected]