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.
Seniors in ID qualify for a reverse mortgage if…
I qualify for the HECM reverse mortgage how does this program improve my retirement?
“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.
Population
Median Home Value
Home Ownership Rate
Percent PopulationOver 65
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% |
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
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] | |||||
![]() AMERICAN PACIFIC MORTGAGE 7977 W MARIGOLD ST GARDEN CITY, ID 83714 ADA County |
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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] | |||||
![]() 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] | |||||
![]() 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] | |||||
![]() 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] | |||||
![]() GLACIER BANK 125 W IRONWOOD DR COEUR D ALENE, ID 83814 KOOTENAI County |
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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]k.com | |||||
![]() 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] | |||||
![]() 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] | |||||
![]() 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] | |||||
![]() 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] | |||||
![]() 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] | |||||
![]() 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] | |||||
![]() WATERSTONE MORTGAGE CORPORATION 7639 W RIVERSIDE DR BOISE, ID 83714 ADA County |
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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] |