Compare top reverse mortgage lenders in Louisiana.
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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 LA for free with RMLD – Let us find you the best program.
Seniors in LA 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 Louisiana?
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 Louisiana
4.5 M
Population
$85,000
Median Home Value
68%
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% |
| Louisiana | 4,492,076 | $85,000 | 68% | 12% |
| Alexandria | 45,836 | $72,200 | 57% | 15% |
| Baton Rouge | 229,553 | $94,700 | 52% | 11% |
| Bossier City | 61,306 | $80,700 | 60% | 11% |
| Houma | 32,657 | $82,000 | 68% | 12% |
| Kenner | 66,592 | $111,900 | 61% | 9% |
| Lafayette | 114,214 | $103,700 | 58% | 11% |
| Lake Charles | 70,224 | $72,100 | 58% | 15% |
| Monroe | 51,555 | $72,300 | 50% | 13% |
| New Iberia | 32,981 | $70,800 | 63% | 13% |
| New Orleans | 223,388 | $87,300 | 47% | 12% |
| Shreveport | 200,199 | $73,200 | 59% | 14% |
| Slidell | 28,089 | $91,600 | 76% | 14% |
Local Reverse Mortgage Lenders/Banks/Brokers in Louisiana
9
9 Mile Point
A
Abbeville · Abita Springs · Acme · Addis · Aimwell · Akers · Albany · Alexandria · Alto · Ama · Amelia · Amite · Anacoco · Angie · Angola · Arabi · Arcadia · Archibald · Arnaudville · Ashland · Athens · Atlanta · Avery Island · Avondale
B
Bains · Baker · Baldwin · Ball · Barataria · Barksdale AFB · Basile · Baskin · Bastrop · Batchelor · Baton Rouge · Bayou Goula · Belcher · Bell City · Belle Chasse · Belle Rose · Belmont · Bentley · Benton · Bernice · Berwick · Bethany · Bienville · Blanchard · Blanks · Bogalusa · Bonita · Boothville · Bordelonville · Bossier City · Bourg · Boutte · Boyce · Braithwaite · Branch · Breaux Bridge · Bridge City · Brittany · Broussard · Brusly · Bryceland · Buckeye · Bueche · Bunkie · Buras · Burnside · Bush · Butte Larose
C
Cade · Calhoun · Calvin · Cameron · Camp Beauregard · Campti · Cankton · Carencro · Carlisle · Carville · Caspiana · Castor · Cecilia · Center Point · Centerville · Central · Chalmette · Charenton · Chase · Chataignier · Chatham · Chauvin · Cheneyville · Chestnut · Chopin · Choudrant · Church Point · Clarence · Clarks · Clayton · Clifton · Clinton · Cloutierville · Colfax · Collinston · Columbia · Convent · Converse · Cotton Valley · Cottonport · Coushatta · Covington · Cow Island · Creola · Creole · Creston · Crowley · Crowville · Cullen · Cut Off · Cypremort Point · Cypress
D
Darrow · Davant · Delcambre · Delhi · Delta · Denham Springs · Dennis Mills · Dequincy · Deridder · Derry · Des Allemands · Destrehan · Deville · Dixie · Dixie Inn · Dodson · Donaldsonville · Donner · Downsville · Doyline · Dry Creek · Dry Prong · Dubach · Dubberly · Dulac · Duplessis · Dupont · Duson
E
East Point · Echo · Edgard · Edgefield · Effie · Egan · Elizabeth · Elm Grove · Elmer · Elmwood · Elton · Empire · Enterprise · Eola · Epps · Erath · Eros · Erwinville · Estherwood · Ethel · Eunice · Evangeline · Evans · Evergreen · Extension
F
Fairbanks · Farmerville · Fenton · Ferriday · Fields · Fisher · Flatwoods · Flora · Florien · Fluker · Folsom · Forbing · Fordoche · Forest · Forest Hill · Fort Necessity · Fort Polk · Franklin · Franklinton · French Settlement · Frierson · Frogmore · Fullerton
G
Galliano · Galvez · Garden City · Gardner · Garyville · Geismar · Georgetown · Gheens · Gibsland · Gibson · Gilbert · Gilliam · Girard · Glenmora · Gloster · Glynn · Golden Meadow · Goldonna · Gonzales · Gorum · Goudeau · Grambling · Gramercy · Grand Cane · Grand Chenier · Grand Coteau · Grand Isle · Grant · Gray · Grayson · Greensburg · Greenwell Springs · Greenwood · Gretna · Grosse Tete · Gueydan
H
Hackberry · Hahnville · Hall Summit · Hamburg · Hammond · Hanna · Harahan · Hardwood · Harmon · Harrisonburg · Harvey · Haughton · Hayes · Haynesville · Heflin · Henderson · Hessmer · Hester · Hicks · Hillsdale · Hineston · Hodge · Holden · Holly Ridge · Homer · Hornbeck · Hosston · Houma · Husser
I
Iberville · Ida · Independence · Innis · Iota · Iowa
J
Jackson · Jamestown · Jarreau · Jean Lafitte · Jeanerette · Jefferson · Jena · Jennings · Jigger · Jones · Jonesboro · Jonesville · Joyce · Junction City
K
Kaplan · Keatchie · Keithville · Kelly · Kenner · Kentwood · Kilbourne · Killona · Kinder · Kolin · Kraemer · Krotz Springs · Kurthwood
L
La Place · Labadieville · Labarre · Lacamp · Lacassine · Lacombe · Lafayette · Lafitte · Lake Arthur · Lake Charles · Lake Providence · Lakeland · Larose · Larto · Lawtell · Le Moyen · Leander · Lebeau · Leblanc · Lecompte · Leesville · Lena · Leonville · Lettsworth · Libuse · Lillie · Linville · Lisbon · Livingston · Livonia · Lockport · Logansport · Longleaf · Longstreet · Longville · Loranger · Loreauville · Lottie · Luling · Lutcher · Lydia
M
Madisonville · Mamou · Mandeville · Mangham · Mansfield · Mansura · Many · Maringouin · Marion · Marksville · Marrero · Marthaville · Martin · Mathews · Maurepas · Maurice · Meaux · Melder · Melrose · Melville · Mer Rouge · Meraux · Mermentau · Merryville · Metairie · Midland · Milton · Minden · Mira · Mitchell · Mittie · Modeste · Monroe · Montegut · Monterey · Montgomery · Montpelier · Montz · Mooringsport · Mora · Moreauville · Morgan City · Morganza · Morrow · Morse · Moss Bluff · Mound · Mount Airy · Mount Hermon
N
Napoleonville · Natalbany · Natchez · Natchitoches · Negreet · New Iberia · New Llano · New Orleans · New Roads · New Sarpy · New Zion · Newellton · Noble · Norco · Norwood
O
Oak Grove · Oak Ridge · Oakdale · Oberlin · Oil City · Olla · Opelousas · Oscar · Otis
P
Paincourtville · Palmetto · Paradis · Parks · Patterson · Paulina · Pearl River · Pelican · Perry · Pierre Part · Pilottown · Pine Grove · Pine Prairie · Pineville · Pioneer · Pitkin · Plain Dealing · Plaquemine · Plattenville · Plaucheville · Pleasant Hill · Pointe A la Hache · Pollock · Ponchatoula · Port Allen · Port Barre · Port Sulphur · Port Vincent · Powhatan · Prairieville · Pride · Princeton · Provencal
Q
Quitman
R
Raceland · Ragley · Ramah · Rayne · Rayville · Reddell · Reeves · Reserve · Rhinehart · Richwood · Ridgecrest · Ringgold · River Ridge · Roanoke · Robeline · Robert · Rodessa · Rosa · Rosedale · Roseland · Rosepine · Rougon · Ruby · Ruston
S
Saint Amant · Saint Benedict · Saint Bernard · Saint Francisville · Saint Gabriel · Saint James · Saint Joseph · Saint Landry · Saint Martinville · Saint Maurice · Saint Rose · Saline · Sarepta · Schriever · Scotlandville · Scott · Sheridan · Shongaloo · Shreveport · Sibley · Sicily Island · Sieper · Sikes · Simmesport · Simpson · Simsboro · Singer · Slagle · Slaughter · Slidell · Sondheimer · Sorrento · South Mansfield · Spearsville · Spencer · Springfield · Springhill · Stanley · Starks · Start · Sterlington · Stonewall · Sugartown · Sulphur · Summerfield · Sun · Sunset · Sunshine · Swartz
T
Talisheek · Tallulah · Tangipahoa · Taylor · Temple · Terry · Terrytown · The Bluffs · Theriot · Thibodaux · Tickfaw · Tioga · Torbert · Transylvania · Trees · Trout · Tullos · Tunica · Turkey Creek
U
Uncle Sam · Urania
V
Vacherie · Varnado · Venice · Ventress · Verda · Vick · Vidalia · Ville Platte · Vinton · Violet · Vivian
W
Wakefield · Walker · Warden · Washington · Waterproof · Watson · Waverly · Welsh · West Monroe · Westlake · Westwego · Weyanoke · White Castle · Whitehall · Wildsville · Wilson · Winnfield · Winnsboro · Wisner · Woodworth
Y
Youngsville
Z
Zachary · Zwolle
HUD’s list of approved HECM Counselors in Louisiana.
Counseling is mandatory in all states for those who wish to get a HECM loan.
| HECM Counseling Agency Roster as of 06/05/2013 (6 records were selected, 6 records displayed.) |
| Name | Agency ID | Address | Phone | Web Site |
| CAJUN AREA AGENCY ON AGING, INC. | 84106 | 110 TOLEDO DR LAFAYETTE, LA 70506-2047 |
(800) 738-2256 | http://www.cajunaaa.org |
| MONEY MANAGEMENT INTERNATIONAL BATON ROUGE | 82592 | 615 CHEVELLE COURT BATON ROUGE, LA 70806-6502 |
(866) 232-9080 | http://www.moneymanagement.org |
| MONEY MANAGEMENT INTERNATIONAL NEW ORLEANS | 80513 | 1215 PRYTANIA ST STE 424 NEW ORLEANS, LA 70130-4492 |
(866) 232-9080 | http://www.moneymanagement.org |
| MONEY MANAGEMENT INTERNATIONAL SHREVEPORT | 82601 | 8575 BUSINESS PARK DR SHREVEPORT, LA 71105-5655 |
(866) 232-9080 | http://www.moneymanagement.org |
| MONEY MANAGEMENT INTERNATIONAL SLIDELL | 80517 | 1338 GAUSE BVLD. #202 SLIDELL, LA 70458 |
(866) 232-9080 | http://www.moneymanagement.org |
| MONEY MANAGEMENT INTERNATIONAL, INC. BOSSIER CITY, LA | 82593 | BARKSDALE FCU 720 NORTHGATE RD BOSSIER CITY, LA 71112-3120 |
(866) 232-9080 | http://www.moneymanagement.org |
| AMERICA’S MORTGAGE RESOURCE INC 3317 N I 10 SERVICE RD W METAIRIE, LA 70002 JEFFERSON County |
|||||
| Title II | |||||
| Approval Date: May 16, 1997 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (504) 833-2111 | FAX Number: (504) 831-6706 | ||||
| E-Mail Address: [email protected] | |||||
 BANK OF RUSTON 2109 FARMERVILLE HWY RUSTON, LA 71270 LINCOLN County |
|||||
| Title II | |||||
| Approval Date: Nov 07, 2011 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (318) 232-1490 | FAX Number: (318) 242-0162 | ||||
| E-Mail Address: [email protected] | |||||
BANK OF RUSTON 505 N VIENNA ST RUSTON, LA 71270 LINCOLN County |
|||||
| Title II | |||||
| Approval Date: Mar 28, 1939 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (318) 232-1490 | FAX Number: (318) 242-0162 | ||||
| E-Mail Address: [email protected] | |||||
CHRISTENSEN FINANCIAL INC 2330 LAPALCO BLVD STE 7 HARVEY, LA 70058 JEFFERSON County |
|||||
| Title II | |||||
| Approval Date: Dec 17, 2009 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (407) 869-0008 | FAX Number: (407) 869-0018 | ||||
| E-Mail Address: [email protected] | |||||
DITECH MORTGAGE CORP 201 SAINT CHARLES AVE NEW ORLEANS, LA 70170 ORLEANS County |
|||||
| Title II | |||||
| Approval Date: Jul 15, 2011 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (504) 324-2147 | FAX Number: (504) 324-0399 | ||||
| E-Mail Address: [email protected] | |||||
EUSTIS MORTGAGE CORPORATION 4040 FLORIDA ST STE 102 MANDEVILLE, LA 70448 SAINT TAMMANY County |
|||||
| Title II | |||||
| Approval Date: Oct 31, 2011 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (985) 792-7556 | FAX Number: (985) 792-7557 | ||||
| E-Mail Address: [email protected] | |||||
EUSTIS MORTGAGE CORPORATION 1100 POYDRAS ST STE 2525 NEW ORLEANS, LA 70163 ORLEANS County |
|||||
| Title II | |||||
| Approval Date: Jan 20, 1964 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (504) 586-0075 | FAX Number: (504) 561-7849 | ||||
| E-Mail Address: [email protected] | |||||
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 655 MAIN ST MANY, LA 71449 SABINE County |
|||||
| Title II | |||||
| Approval Date: Nov 14, 2000 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (318) 256-5593 | FAX Number: (318) 256-6796 | ||||
| E-Mail Address: [email protected] | |||||
GMFS LLC 7389 FLORIDA BLVD STE 200A BATON ROUGE, LA 70806 EAST BATON ROUGE County |
|||||
| Title II | |||||
| Approval Date: Jun 30, 2000 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (225) 214-5000 | FAX Number: (888) 557-0811 | ||||
| E-Mail Address: [email protected] | |||||
GMFS LLC 4561 DURHAM PL STE C BATON ROUGE, LA 70816 EAST BATON ROUGE County |
|||||
| Title II | |||||
| Approval Date: Oct 13, 2010 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (225) 214-5150 | FAX Number: (888) 859-8973 | ||||
| E-Mail Address: [email protected] | |||||
GMFS LLC 7389 FLORIDA BLVD STE 200-A BATON ROUGE, LA 70806 EAST BATON ROUGE County |
|||||
| Title II | |||||
| Approval Date: Jul 13, 2006 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (225) 214-5000 | FAX Number: (800) 523-3993 | ||||
| E-Mail Address: [email protected] | |||||
GULF COAST BANK AND TRUST COMPANY 7235 JEFFERSON HWY BATON ROUGE, LA 70806 EAST BATON ROUGE County |
|||||
| Title II | |||||
| Approval Date: Jul 29, 1992 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (225) 757-4403 | FAX Number: (225) 214-4350 | ||||
| E-Mail Address: [email protected] | |||||
INTERLINC MORTGAGE SERVICES LLC 11606 SOUTHFORK AVE STE 200 BATON ROUGE, LA 70816 EAST BATON ROUGE County |
|||||
| Title II | |||||
| Approval Date: Apr 07, 2011 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (225) 368-0005 | FAX Number: (225) 368-0051 | ||||
| E-Mail Address: [email protected] | |||||
OPEN MORTGAGE LLC 5325 N MARKET ST SHREVEPORT, LA 71107 CADDO County |
|||||
| Title II | |||||
| Approval Date: Jan 17, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (318) 417-0909 | FAX Number: (866) 545-5344 | ||||
| E-Mail Address: [email protected] | |||||
REVERSE MORTGAGE USA, INC 201 SAINT CHARLES AVE NEW ORLEANS, LA 70170 ORLEANS County |
|||||
| Title II | |||||
| Approval Date: Aug 27, 2007 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (985) 878-6074 | FAX Number: (985) 878-6075 | ||||
| E-Mail Address: [email protected] | |||||
SOUTHWEST FUNDING LP 3217 35TH ST STE 201 METAIRIE, LA 70001 JEFFERSON County |
|||||
| Title II | |||||
| Approval Date: Feb 21, 2007 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (214) 221-5215 | FAX Number: (214) 221-5470 | ||||
| E-Mail Address: [email protected] | |||||
SOUTHWEST FUNDING LP 4501 N I 10 SERVICE RD W STE B METAIRIE, LA 70006 JEFFERSON County |
|||||
| Title II | |||||
| Approval Date: May 11, 2009 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: Yes | ||||
| Telephone: (214) 221-5215 | FAX Number: (214) 221-5470 | ||||
| E-Mail Address: [email protected] | |||||
SUN WEST MORTGAGE CO INC 201 SAINT CHARLES AVE STE 2500 NEW ORLEANS, LA 70170 ORLEANS County |
|||||
| Title II | |||||
| Approval Date: Apr 05, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (866) 543-0384 | FAX Number: (562) 924-6057 | ||||
| E-Mail Address: [email protected] | |||||
VAN DYK MORTGAGE CORPORATION 322 W JUDGE PEREZ DR STE B CHALMETTE, LA 70043 SAINT BERNARD County |
|||||
| Title II | |||||
| Approval Date: Nov 18, 2011 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (504) 400-0293 | FAX Number: (504) 333-6296 | ||||
| E-Mail Address: [email protected] | |||||
WHITNEY BANK 404 E KIRKLAND ST COVINGTON, LA 70433 SAINT TAMMANY County |
|||||
| Title II | |||||
| Approval Date: Oct 19, 2011 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (800) 347-7272 | FAX Number: (504) 849-6736 | ||||
| E-Mail Address: [email protected] | |||||