Get a reverse mortgage loan in Iowa onlne we compare the lenders

Compare top HUD approved HECM reverse mortgage lenders in Iowa.

Right now, if you go to google and type in “Reverse Mortgage Lenders in Iowa”, what you are going to see is a very short list of lenders.

In order to get a reasonable quote, you are going to need to shop, and the current lender list from Google doesn’t provide many doors to knock on.

Reverse Mortgage Lenders Direct gives you more doors to knock on and an additional list of more reputable lenders sworn to prioritize you best interest by recommending the most suitable programs with the best terms, lowest interest rates and lowest lending fee’s and title fee’s.

According to AARP, the two most common uses for a reverse mortgage are to pay off the mortgage and to help pay for medical and living expenses.

If you are a senior home owner struggling financially, this means you need help.

If your children or family cannot help you with cash flow problems, you will probably find yourself wondering what to do.

You may consider selling your home which is what is called downsizing. But in order to do this, you will have to sell the majority of your belongings and your husband has to give up his beloved garage. This option is for most people will be unbelievably dreadful and embarrassing.

If you qualify for a reverse mortgage, you have an option to eliminate your mortgage payment if you have one, or if your home is paid off but find yourself cash poor, you have three ways to get money, all at once called a lump sum, in payments, or in the form of a credit line. The Line of credit option is the most popular with senior home owners that have paid off homes because the line of credit option allows you to borrow the least amount which is $25,000. So a home owner with a home valued at $600,000 that qualifies for a $300,000 lump sum pay-out can chose to borrow only $25,000 instead of $300,000. Now the interest expense added to the loan is only $1500 a year vs $18,000 on a $300,000 loan. And best of all, with the minimum draw, the other $275,000 you are still eligible for earns interest. This option is also much more sensitive to the inheritance issue. So for seniors with paid off homes that are concerned with the inheritance issue, the minimum draw line of credit and the monthly payment pay-out program are the most attractive because the loan balance rises much less than the Lump sum Program.

If you don’t have children or a family to leave your estate to, than the lump sum program is not an issue.

Although Iowa Real Estate values have been slow to recover, there is finally some light at the end of the tunnel.

According to Zillow, the median price per home in Iowa is $130,900, up 3.8% in the last year and expected to rise 2.8% next year.

With the average rent for housing at $1050, Most senior home owners struggling with overhead expenses will not consider selling their home to rent. It simply isn’t an option.

A reverse mortgage if you qualify, allows you to live out your life with dignity.

For those who qualify with paid off homes, a minimum line of credit reverse mortgage allows you the dignity to avoid being a burden to your friends and relatives because you are low in cash and yet leaves plenty of equity for your children to inherit.

With just a handful of reverse mortgage lenders licensed to sell and fund reverse mortgages in Iowa, most lenders feel that they are the only game in town.

This type of lending environment will encourage what is called price gouging which means higher interest rates and higher lending and Title fee’s.

So in order to insure you get what is called “A Fair Deal” you have to shop a reverse mortgage.

Reverse Mortgage Lenders Direct will help you pummel the “Only Game In Town Pricing”

Reverse Mortgage Lenders Direct is a National Reverse Mortgage shopping comparison service which includes the State of Iowa.

Reverse Mortgage Lenders Direct is committed to helping you understand the program and protect you from predatory lending practices.

Reverse Mortgage lenders Direct can provide you a very competitive no pressure, no hassle reverse mortgage quote from a local Iowa Lender and other Reputable national lenders currently not listed on google for free.

Reverse Mortgage Lenders Direct is here to help you save money.

To get your best no pressure , no hassle Iowa reverse mortgage quote for free, simply leave your contact information below.

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

Seniors in IA 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 Iowa?

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 Iowa

3 M

Population

$82,500

Median Home Value

72%

Home Ownership Rate

15%

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%
Iowa 3,007,856 $82,500 72% 15%
Ames 51,557 $130,900 46% 8%
Ankeny 38,726 $128,600 72% 8%
Bettendorf 32,394 $118,400 77% 12%
Burlington 25,464 $63,300 70% 17%
Cedar Falls 36,940 $102,500 64% 12%
Cedar Rapids 124,417 $95,200 69% 13%
Clinton 27,042 $61,300 69% 17%
Council Bluffs 60,271 $78,200 65% 13%
Davenport 99,514 $80,200 65% 12%
Des Moines 193,886 $81,100 65% 12%
Dubuque 57,696 $88,400 68% 17%
Fort Dodge 25,466 $65,600 66% 19%
Iowa City 62,649 $128,300 47% 7%
Marion 31,084 $105,200 78% 11%
Marshalltown 25,957 $68,800 70% 18%
Mason City 27,740 $72,700 67% 18%
Sioux City 83,262 $74,800 66% 13%
Urbandale 37,173 $133,100 78% 11%
Waterloo 65,998 $65,400 67% 15%
West Des Moines 53,945 $140,600 62% 10%

Local Reverse Mortgage Lenders/Banks/Brokers in Iowa

A

Ackley · Ackworth · Adair · Adel · Afton · Agency · Ainsworth · Akron · Albert City · Albia · Albion · Alburnett · Alden · Alexander · Algona · Alleman · Allendorf · Allerton · Allison · Alpha · Alta · Alta Vista · Alton · Altoona · Alvord · Amana · Ames · Anamosa · Andover · Andrew · Anita · Ankeny · Anthon · Aplington · Arcadia · Archer · Aredale · Argyle · Arion · Arispe · Arlington · Armstrong · Arnolds Park · Arthur · Asbury · Ashton · Aspinwall · Atalissa · Atkins · Atlantic · Auburn · Audubon · Aurelia · Aurora · Austinville · Avoca · Ayrshire

B

Badger · Bagley · Baldwin · Bancroft · Barnes City · Barnum · Bartlett · Batavia · Battle Creek · Baxter · Bayard · Beacon · Beaconsfield · Beaman · Beaver · Beaverdale · Bedford · Belle Plaine · Bellevue · Belmond · Bennett · Benton · Bernard · Bertram · Berwick · Bettendorf · Bevington · Big Rock · Birmingham · Blairsburg · Blairstown · Blakesburg · Blanchard · Blencoe · Blockton · Bloomfield · Blue Grass · Bode · Bonaparte · Bondurant · Boone · Booneville · Bouton · Boxholm · Boyden · Braddyville · Bradford · Bradgate · Brandon · Brayton · Breda · Bremer · Bridgewater · Brighton · Bristow · Britt · Bronson · Brooklyn · Brunsville · Bryant · Buckeye · Buckingham · Buffalo · Buffalo Center · Burlington · Burnside · Burt · Bussey

C

Calamus · Callender · Calmar · Calumet · Camanche · Cambridge · Cantril · Carbon · Carlisle · Carnarvon · Carpenter · Carroll · Carson · Carter Lake · Cascade · Casey · Castalia · Castana · Cedar · Cedar Falls · Cedar Rapids · Center Junction · Center Point · Centerville · Central City · Chapin · Chariton · Charles City · Charlotte · Charter Oak · Chatsworth · Chelsea · Cherokee · Chester · Chillicothe · Churdan · Cincinnati · Clare · Clarence · Clarinda · Clarion · Clarksville · Clayton · Clear Lake · Clearfield · Cleghorn · Clemons · Clermont · Climbing Hill · Clinton · Clio · Clive · Clutier · Coggon · Coin · Colesburg · Colfax · College Springs · Collins · Colo · Columbia · Columbus City · Columbus Junction · Colwell · Conesville · Conrad · Conroy · Coon Rapids · Cooper · Coralville · Corning · Correctionville · Corwith · Corydon · Coulter · Council Bluffs · Crawfordsville · Crescent · Cresco · Creston · Cromwell · Crystal Lake · Cumberland · Cumming · Curlew · Cushing · Cylinder

D

Dakota City · Dallas · Dallas Center · Dana · Danbury · Danville · Davenport · Davis City · Dawson · Dayton · De Soto · De Witt · Decatur · Decorah · Dedham · Deep River · Defiance · Delaware · Delhi · Delmar · Deloit · Delphos · Delta · Denison · Denmark · Denver · Derby · Des Moines · Dewar · Dexter · Diagonal · Dickens · Dike · Dixon · Dolliver · Donahue · Donnellson · Doon · Dorchester · Douds · Dougherty · Dow City · Dows · Drakesville · Dubuque · Dumont · Duncombe · Dundee · Dunkerton · Dunlap · Durango · Durant · Dyersville · Dysart

E

Eagle Grove · Earlham · Earling · Earlville · Early · East Peru · Eddyville · Edgewood · Elberon · Eldon · Eldora · Eldorado · Eldridge · Elgin · Elk Horn · Elk Run Heights · Elkader · Elkhart · Elkport · Elliott · Ellston · Ellsworth · Elma · Elwood · Ely · Emerson · Emmetsburg · Epworth · Essex · Estherville · Evansdale · Everly · Exira · Exline

F

Fairbank · Fairfax · Fairfield · Farley · Farmersburg · Farmington · Farnhamville · Farragut · Fayette · Fenton · Ferguson · Fertile · Festina · Floris · Floyd · Fonda · Fontanelle · Forest City · Fort Atkinson · Fort Dodge · Fort Madison · Fostoria · Fredericksburg · Frederika · Fremont · Fruitland

G

Galt · Galva · Garber · Garden City · Garden Grove · Garnavillo · Garner · Garrison · Garwin · Geneva · George · Gibson · Gifford · Gilbert · Gilbertville · Gillett Grove · Gilman · Gilmore City · Gladbrook · Glenwood · Glidden · Goldfield · Goodell · Goose Lake · Gowrie · Graettinger · Grafton · Grand Junction · Grand Mound · Grand River · Grandview · Granger · Grant · Granville · Gravity · Gray · Greeley · Green Island · Green Mountain · Greene · Greenfield · Greenville · Grimes · Grinnell · Griswold · Grundy Center · Gruver · Guernsey · Guthrie Center · Guttenberg

H

Halbur · Hale · Hamburg · Hamilton · Hamlin · Hampton · Hancock · Hanlontown · Hansell · Harcourt · Hardy · Harlan · Harper · Harpers Ferry · Harris · Hartford · Hartley · Hartwick · Harvester · Harvey · Hastings · Havelock · Haverhill · Hawarden · Hawkeye · Hayesville · Hazleton · Hedrick · Henderson · Hiawatha · Highlandville · Hills · Hillsboro · Hinton · Hiteman · Holland · Holstein · Holy Cross · Homestead · Honey Creek · Hopkinton · Hornick · Hospers · Houghton · Hubbard · Hudson · Hull · Humboldt · Humeston · Huxley

I

Ida Grove · Imogene · Independence · Indianola · Inwood · Ionia · Iowa City · Iowa Falls · Ira · Ireton · Irwin

J

Jackson Junction · Jamaica · Janesville · Jefferson · Jesup · Jewell · Johnston · Joice · Jolley

K

Kalona · Kamrar · Kanawha · Kellerton · Kelley · Kellogg · Kensett · Kent · Keokuk · Keomah Village · Keosauqua · Keota · Kesley · Keswick · Keystone · Killduff · Kimballton · Kingsley · Kinross · Kirkman · Kirkville · Kiron · Klemme · Knierim · Knoke · Knoxville

L

La Motte · La Porte City · Lacona · Ladora · Lake City · Lake Mills · Lake Park · Lake View · Lakeside · Lakota · Lamoni · Lamont · Lanesboro · Langworthy · Lansing · Larchwood · Larrabee · Latimer · Laurel · Laurens · Lawler · Lawton · Le Claire · Le Grand · Le Mars · LeClaire · Ledyard · Lehigh · Leighton · Leland · Lenox · Leon · Lester · Letts · Lewis · Liberty Center · Libertyville · Lidderdale · Lime Springs · Lincoln · Linden · Lineville · Linn Grove · Lisbon · Liscomb · Little Cedar · Little Rock · Little Sioux · Littleport · Livermore · Lockridge · Logan · Lohrville · Lone Rock · Lone Tree · Long Grove · Lorimor · Lost Nation · Lovilia · Low Moor · Lowden · Lowell · Lu Verne · Luana · Lucas · Luther · Luxemburg · Luzerne · Lynnville · Lytton

M

Macedonia · Macksburg · Madrid · Magnolia · Maharishi Vedic City · Malcom · Mallard · Maloy · Malvern · Manawa · Manchester · Manilla · Manly · Manning · Manson · Mapleton · Maquoketa · Marathon · Marble Rock · Marcus · Marengo · Marion · Marne · Marquette · Marshalltown · Martelle · Martensdale · Martinsburg · Mason City · Masonville · Massena · Matlock · Maurice · Maxwell · May City · Maynard · Maysville · Mc Callsburg · Mc Causland · Mc Clelland · Mc Gregor · Mc Intire · Mechanicsville · Mediapolis · Melbourne · Melcher · Melcher Dal · Melcher-Dallas · Melrose · Melvin · Menlo · Meriden · Merrill · Meservey · Middle · Middle Amana · Middletown · Miles · Milford · Millersburg · Millerton · Milo · Milton · Minburn · Minden · Mineola · Mingo · Missouri Valley · Mitchell · Mitchellville · Modale · Mondamin · Monmouth · Monona · Monroe · Montezuma · Monticello · Montour · Montpelier · Montrose · Moorhead · Moorland · Moravia · Morley · Morning Sun · Morrison · Moscow · Moulton · Mount Auburn · Mount Ayr · Mount Pleasant · Mount Sterling · Mount Union · Mount Vernon · Moville · Murray · Muscatine · Mystic

N

Nashua · Nemaha · Neola · Nevada · New Albin · New Hampton · New Hartford · New Liberty · New London · New Market · New Providence · New Providnce · New Sharon · New Vienna · New Virginia · Newell · Newhall · Newton · Nichols · Nodaway · Nora Springs · North Buena Vista · North English · North Liberty · North Washington · Northboro · Northwood · Norwalk · Norway · Numa

O

Oakdale · Oakland · Oakland Acres · Oakville · Ocheyedan · Odebolt · Oelwein · Ogden · Okoboji · Olds · Olin · Ollie · Onawa · Onslow · Oran · Orange City · Orchard · Orient · Orleans · Osage · Osceola · Oskaloosa · Ossian · Otho · Otley · Oto · Ottosen · Ottumwa · Oxford · Oxford Junction · Oyens

P

Pacific Junction · Packwood · Palmer · Palo · Panama · Panora · Parkersburg · Parnell · Paton · Patterson · Paullina · Pella · Peosta · Percival · Perry · Pershing · Persia · Peru · Peterson · Pierson · Pilot Grove · Pilot Mound · Pisgah · Plainfield · Plano · Pleasant Hill · Pleasant Valley · Pleasanton · Pleasantville · Plover · Plymouth · Pocahontas · Polk City · Pomeroy · Popejoy · Portsmouth · Postville · Prairie City · Prairieburg · Prescott · Preston · Primghar · Princeton · Prole · Promise City · Protivin · Pulaski

Q

Quasqueton · Quimby

R

Radcliffe · Rake · Ralston · Randalia · Randall · Randolph · Rathbun · Raymond · Readlyn · Reasnor · Red Oak · Redding · Redfield · Reinbeck · Rembrandt · Remsen · Renwick · Rhodes · Riceville · Richland · Ricketts · Ridgeway · Rinard · Ringsted · Rippey · Riverdale · Riverside · Riverton · Robins · Rock Falls · Rock Rapids · Rock Valley · Rockford · Rockwell · Rockwell City · Rodney · Roland · Rolfe · Rome · Rose Hill · Rossie · Rowan · Rowley · Royal · Rubio · Rudd · Runnells · Russell · Ruthven · Rutland · Ryan

S

Sabula · Sac City · Saint Ansgar · Saint Anthony · Saint Charles · Saint Donatus · Saint Lucas · Saint Marys · Saint Olaf · Saint Paul · Salem · Salix · Sanborn · Saratoga · Scarville · Schaller · Schleswig · Scotch Grove · Scranton · Searsboro · Selma · Sergeant Bluff · Sewal · Seymour · Shambaugh · Shannon City · Sharpsburg · Sheffield · Shelby · Sheldahl · Sheldon · Shell Rock · Shellsburg · Shenandoah · Sherrill · Shueyville · Sibley · Sidney · Sigourney · Silver City · Sioux Center · Sioux City · Sioux Rapids · Slater · Sloan · Smithland · Soldier · Solon · Somers · South Amana · South English · Spencer · Sperry · Spillville · Spirit Lake · Spragueville · Spring Hill · Springbrook · Springville · Stacyville · Stanhope · Stanley · Stanton · Stanwood · State Center · Steamboat Rock · Stockport · Stockton · Storm Lake · Story City · Stout · Stratford · Strawberry Point · Stuart · Sully · Sumner · Superior · Sutherland · Swaledale · Swan · Swea City · Swedesburg · Swisher

T

Tabor · Taintor · Tama · Teeds Grove · Templeton · Tennant · Terril · Thayer · Thompson · Thor · Thornburg · Thornton · Thurman · Tiffin · Tingley · Tipton · Titonka · Toddville · Toeterville · Toledo · Toronto · Tracy · Traer · Treynor · Tripoli · Troy Mills · Truesdale · Truro · Turin

U

Udell · Underwood · Union · Unionville · University Park · Urbana · Urbandale · Ute

V

Vail · Van Horne · Van Meter · Van Wert · Varina · Vedic City · Ventura · Victor · Villisca · Vincent · Vining · Vinton · Viola · Volga · Voorhies

W

Wadena · Walcott · Walford · Walker · Wall Lake · Wallingford · Walnut · Wapello · Washburn · Washington · Washta · Waterloo · Waterville · Watkins · Waucoma · Waukee · Waukon · Waverly · Wayland · Webb · Webster · Webster City · Weldon · Wellman · Wellsburg · Welton · Wesley · West Amana · West Bend · West Branch · West Burlington · West Chester · West Des Moines · West Grove · West Liberty · West Point · West Union · Westfield · Westgate · Westphalia · Westside · Wever · What Cheer · Wheatland · Whiting · Whittemore · Whitten · Whittier · Williams · Williamsburg · Williamson · Wilton · Windsor Heights · Winfield · Winterset · Winthrop · Wiota · Woden · Woodbine · Woodburn · Woodward · Woolstock · Worthington · Wyoming

Y

Yale · Yarmouth · Yetter · Yorktown

Z

Zearing · Zwingle

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

HECM Counseling Agency Roster as of 06/05/2013
(3 records were selected, 3 records displayed.)
Name Agency ID Address Phone Web Site
CCCS OF NORTHEASTERN IOWA 80644 WATERLOO, IA 50702
1003 W 4TH ST
WATERLOO,  IA  50702-2803
(319) 234-0661 http://www.cccsia.org
FAMILY MANAGEMENT CREDIT COUNSELORS, INC. 81088 359 ROCK ISLAND AVE
WATERLOO,  IA  50701-5301
(319) 234-5983 http://www.familymanagementcc.com
HORIZONS, A FAMILY SERVICE ALLIANCE (HORIZONS CCCS) 83530 819 5TH ST SE
CEDAR RAPIDS,  IA  52401-2128
(319) 398-3576 http://horizonscccs.org
DITECH MORTGAGE CORP
1001 GRAY ST
APLINGTON, IA 50604
BUTLER County
Title II
Approval Date: Jun 05, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (319) 215-7972 FAX Number: (866) 931-7859
E-Mail Address: [email protected]
Anchor
DITECH MORTGAGE CORP
4331 SHERIDAN AVE
DES MOINES, IA 50310
POLK County
Title II
Approval Date: Jul 03, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (515) 279-5026 FAX Number: (866) 931-7859
E-Mail Address: [email protected]
Anchor
REVERSE MORTGAGE USA, INC
5550 WILD ROSE LN STE 400
WEST DES MOINES, IA 50266
POLK County
Title II
Approval Date: Aug 23, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (800) 748-1184 FAX Number: (512) 342-9609
E-Mail Address: [email protected]
Anchor
VALLEY BANK
2020 E KIMBERLY RD
DAVENPORT, IA 52807
SCOTT County
Title II
Approval Date: Apr 22, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (563) 359-5626 FAX Number: (563) 355-7020
E-Mail Address: [email protected]