Compare top reverse mortgage lenders in Maryland.
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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 MD for free with RMLD – Let us find you the best program.
Seniors in MD 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 Maryland?
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 Maryland
5.7 M
Population
$146,000
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% |
Maryland | 5,699,478 | $146,000 | 68% | 12% |
Annapolis | 36,408 | $165,600 | 52% | 12% |
Baltimore | 631,366 | $69,100 | 50% | 13% |
Bowie | 53,325 | $158,100 | 85% | 9% |
Frederick | 58,882 | $138,000 | 56% | 11% |
Gaithersburg | 57,934 | $171,100 | 53% | 8% |
Hagerstown | 39,008 | $89,300 | 42% | 14% |
Rockville | 59,114 | $198,700 | 68% | 13% |
Local Reverse Mortgage Lenders/Banks/Brokers in Maryland
A
Abell · Aberdeen · Aberdeen Proving Ground · Abingdon · Accident · Accokeek · Adamstown · Adelphi · Allen · Andrews AFB · Andrews Air Force Base · Annapolis · Annapolis Junction · Aquasco · Arbutus · Arlington · Arnold · Ashton · Aspen Hill · Avenue
B
Bainbridge · Baldwin · Baltimore · Barclay · Barnesville · Barstow · Barton · Beallsville · Bel Air · Bel Alton · Belcamp · Beltsville · Benedict · Benson · Bentley Springs · Berlin · Berwyn Heights · Bethesda · Bethlehem · Betterton · Big Pool · Big Spring · Bishopville · Bittinger · Bivalve · Bladensburg · Bloomington · Boonsboro · Boring · Bowie · Boyds · Bozman · Braddock Heights · Bradshaw · Brandywine · Brentwood · Brinklow · Brookeville · Brooklandville · Brooklyn · Brooklyn Park · Brookview · Broomes Island · Brownsville · Brunswick · Bryans Road · Bryantown · Buckeystown · Burkittsville · Burtonsville · Bushwood · Butler
C
Cabin John · California · Callaway · Calverton · Cambridge · Camp Springs · Cape Saint Claire · Capitol Heights · Cardiff · Carroll · Carvel Beach · Cascade · Catonsville · Cavetown · Cecilton · Centreville · Chance · Chaptico · Charlestown · Charlotte Hall · Chase · Cheltenham · Chesapeake Beach · Chesapeake City · Chesapeake Cy · Chester · Chestertown · Chestnut Hill Cove · Cheverly · Chevy Chase · Chevy Chase Village · Chewsville · Childs · Chillum · Church Creek · Church Hill · Churchton · Churchville · Claiborne · Clarksburg · Clarksville · Clear Spring · Clearwater Beach · Clements · Clifton · Clinton · Cobb Island · Cockeysville · Colesville · College Park · Colmar Manor · Colora · Coltons Point · Columbia · Compton · Conowingo · Cooksville · Cordova · Corriganville · Cottage City · Crapo · Crellin · Cresaptown · Crisfield · Crocheron · Crofton · Crownsville · Crumpton · Cumberland · Curtis Bay
D
Damascus · Dameron · Dames Quarter · Daniels · Dares Beach · Darlington · Darnestown · Davidsonville · Dayton · Deal Island · Deale · Deer Park · Delmar · Denton · Dentsville · Derwood · Detour · DHS · Dickerson · District Heights · Doubs · Dowell · Drayden · Druid · Dundalk · Dunkirk
E
Eagle Harbor · Earleville · East Case · East New Market · Easton · Eastport · Eckhart Mines · Eden · Edgemere · Edgewater · Edgewood · Eldersburg · Eldorado · Elk Mills · Elkridge · Elkton · Ellerslie · Ellicott City · Emmitsburg · Essex · Eudowood · Ewell
F
Fairmount · Fairmount Heights · Fairplay · Fallston · Faulkner · Federalsburg · Finksburg · Fishing Creek · Flintstone · Forest Heights · Forest Hill · Forestville · Fork · Fort Detrick · Fort George G Meade · Fort Howard · Fort Meade · Fort Ritchie · Fort Washington · Fowbelsburg · Franklin · Frederick · Freeland · Friendship · Friendsville · Frostburg · Fruitland · Fulton · Funkstown
G
Gaither · Gaithersburg · Galena · Galestown · Galesville · Gambrills · Gapland · Garrett Park · Garrison · Georgetown · Germantown · Gibson Island · Girdletree · Glen Arm · Glen Burnie · Glen Echo · Glenarden · Glencoe · Glenelg · Glenn Dale · Glenwood · Glyndon · Goldsboro · Golts · Govans · Graceham · Granite · Grantsville · Grasonville · Great Mills · Greenbelt · Greenland Beach · Greenmount · Greensboro · Gunpowder · Gwynn Oak
H
Hagerstown · Halethorpe · Hampstead · Hancock · Hanover · Harmans · Harwood · Havre de Grace · Hebron · Helen · Henderson · Hereford · Highfield · Highland · Highland Beach · Highlandtown · Hillcrest Heights · Hillsboro · Holland Point · Hollywood · Hughesville · Hunt Valley · Huntingtown · Hurlock · Hutton · Hyattstown · Hyattsville · Hydes
I
Idlewylde · Ijamsville · Ilchester · Indian Head · Ingleside · Ironsides · Issue
J
Jacksonville · Jarrettsville · Jefferson · Jennings · Jessup · Joppa
K
Keedysville · Kennedyville · Kensington · Kettering · Keymar · Kingsville · Kitzmiller · Knoxville
L
La Plata · Ladiesburg · Lake Shore · Landover · Landover Hills · Langley Park · Lanham · Lanham Seabrook · Lansdowne · Largo · Laurel · Lavale · Laytonsville · Leonardtown · Lewistown · Lexington Park · Libertytown · Lineboro · Linkwood · Linthicum · Linthicum Heights · Linwood · Lisbon · Little Orleans · Loch Hill · Loch Lynn Heights · Loch Raven · Lonaconing · Long Green · Lothian · Loveville · Luke · Lusby · Lutherville · Lutherville Timonium · Lynch
M
Maddox · Madison · Manchester · Manokin · Marbury · Mardela · Mardela Springs · Marion · Marion Sta · Marion Station · Marlow Heights · Marriottsville · Martins Additions · Marydel · Maryland City · Maryland Line · Massey · Maugansville · Mayo · Mc Henry · McCoole · McDaniel · McDonogh Run · Mechanicsville · Middle River · Middleburg · Middletown · Midland · Midlothian · Millers · Millersville · Millington · Mitchellville · Monkton · Monrovia · Montgomery Village · Montpelier · Morganza · Morningside · Mount Airy · Mount Rainier · Mount Savage · Mount Victoria · Mount Washington · Mountain Lake Park · Myersville
N
Nanjemoy · Nanticoke · Naval Academy · Neavitt · New Carrollton · New Market · New Midway · New Windsor · Newark · Newburg · Newcomb · North Beach · North Bethesda · North Brentwood · North Chevy Chase · North East · North Englewood · North Potomac · Northwood · Nottingham
O
Oakland · Ocean City · Ocean Pines · Ocean Pnes · Odenton · Oella · Oldtown · Olney · Orchard Beach · Owings · Owings Mills · Oxford · Oxon Hill
P
Park Hall · Parkton · Parkville · Parsonsburg · Pasadena · Patapsco · Patuxent River · Perry Hall · Perry Point · Perryman · Perryville · Phoenix · Pikesville · Piney Point · Pinto · Pisgah · Pittsville · Pocomoke City · Point of Rocks · Pomfret · Poolesville · Port Deposit · Port Republic · Port Tobacco · Potomac · Powellville · Preston · Price · Prince Frederick · Princess Anne · Pylesville
Q
Quantico · Queen Anne · Queenstown
R
Randallstown · Raspeburg · Rawlings · Rehobeth · Reisterstown · Rhodesdale · Riderwood · Ridge · Ridgely · Rising Sun · Rison · Riva · Riverdale · Riverdale Park · Riviera Beach · Rock Hall · Rock Point · Rockville · Rocky Ridge · Rohrersville · Roland Park · Rose Haven · Rosedale · Royal Oak · Russett · Ruxton
S
Sabillasville · Saint Charles · Saint Inigoes · Saint James · Saint Leonard · Saint Marys · Saint Marys City · Saint Michaels · Salisbury · Sandy Spring · Sang Run · Savage · Scaggsville · Scotland · Seabrook · Seat Pleasant · Secretary · Severn · Severna Park · Shady Side · Shallmar · Sharpsburg · Sharptown · Sherwood · Sherwood Forest · Showell · Silver Spring · Simpsonville · Smithsburg · Snow Hill · Solomons · Southern MD Facility · Sparks · Sparks Glenco · Sparks Glencoe · Sparrows Point · Spencerville · Spring Gap · Springdale · Stevenson · Stevensville · Still Pond · Stockton · Stoney Beach · Street · Suburb Maryland Fac · Sudlersville · Suitland · Sunderland · Swan Point · Swanton · Sykesville
T
Takoma Park · Tall Timbers · Taneytown · Taylors Is · Taylors Island · Temple Hills · Templeville · Thurmont · Tilghman · Timonium · Toddville · Towson · Tracys Landing · Trappe · Tuscarora · Tyaskin · Tylerton
U
Union Bridge · Unionville · University Park · Upper Fairmount · Upper Falls · Upper Hill · Upper Marlboro · Upperco · Urbana
V
Valley Lee · Vienna
W
W Bethesda · W Hyattsville · Waldorf · Walkersville · Warwick · Washington Grove · Welcome · Wenona · West Friendship · West Hyattsville · West River · Westernport · Westlake · Westminster · Westover · Whaleyville · Wheaton · White Hall · White Marsh · White Plains · Whiteford · Willards · Williamsport · Windsor Mill · Wingate · Wittman · Woodbine · Woodlawn · Woodsboro · Woodstock · Woolford · Worton · Wye Mills
HUD’s list of approved HECM Counselors in Maryland.
Counseling is mandatory in all states for those who wish to get a HECM loan.
HECM Counseling Agency Roster as of 06/05/2013 (13 records were selected, 13 records displayed.) |
Name | Agency ID | Address | Phone | Web Site |
BELAIR – EDISON NEIGHBORHOODS, INC. | 84215 | 3412 BELAIR RD BALTIMORE, MD 21213-1233 |
(410) 485-8422 | http://belair-edison.org |
CCCS OF MARYLAND AND DELAWARE | 84495 | BALTIMORE, MD 21228-4503 757 FREDERICK RD FL 2 BALTIMORE, MD 21228-4500 |
(410) 747-2050 | http://www.cccs-inc.org |
CECIL COUNTY HOUSING AGENCY | 84087 | 200 CHESAPEAKE BLVD STE 1800 ELKTON, MD 21921-6682 |
(410) 996-8215 | http://www.ccgov.org/dept_housing/index.cfm |
CLEARPOINT FINANCIAL SOLUTIONS, INC. | 84731 | SUITE 236 10104 SENATE DR LANHAM, MD 20706-4392 |
(301) 306-0836 | http://www.clearpointccs.org |
FREDERICK COMMUNITY ACTION AGENCY | 81056 | 100 S MARKET ST FREDERICK, MD 21701-5527 |
(301) 600-1506 | www.cityoffrederick.com/fcaa |
HARFORD COUNTY HOUSING AGENCY | 80331 | 15 S MAIN ST STE 106 BEL AIR, MD 21014-8723 |
(410) 638-3045 | http://www.harfordhousing.org |
HOMEFREE – U S A | 80816 | 3401 A EAST WEST HIGHWAY HYATTSVILLE, MD 20782-2202 |
(301) 891-8410 | http://www.homefreeusa.org |
HOWARD COUNTY OFFICE ON AGING | 84109 | 6751 COLUMBIA GATEWAY DR COLUMBIA, MD 21046-2164 |
(410) 313-5980 | http://www.co.ho.md.us/oa |
MONEY MANAGEMENT INTERNATIONAL FREDERICK | 80329 | 5340 SPECTRUM DR FREDERICK, MD 21703-7365 |
(866) 232-9080 | http://www.moneymanagement.org |
MONEY MANAGEMENT INTERNATIONAL ROCKVILLE | 80532 | 15847 CRABBS BRANCH WAY ROCKVILLE, MD 20855-2635 |
(866) 232-9080 | http://www.moneymanagement.org |
SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION | 81066 | 3700 EASTERN AVE BALTIMORE, MD 21224-4207 |
(410) 342-3234 | http://www.southeastcdc.org |
ST. AMBROSE HOUSING AID CENTER, INC. | 80321 | 321 E 25TH ST BALTIMORE, MD 21218-5303 |
(410) 366-8550 | http://www.stambros.org |
WASHINGTON COUNTY COMMUNITY ACTION COUNCIL | 81797 | 101 SUMMIT AVE HAGERSTOWN, MD 21740-5508 |
(301) 797-4161 | http://www.wccac.org |
HECM Counseling Agency Roster as of 06/05/2013 (13 records were selected, 13 records displayed.) |
Name | Agency ID | Address | Phone | Web Site |
BELAIR – EDISON NEIGHBORHOODS, INC. | 84215 | 3412 BELAIR RD BALTIMORE, MD 21213-1233 |
(410) 485-8422 | http://belair-edison.org |
CCCS OF MARYLAND AND DELAWARE | 84495 | BALTIMORE, MD 21228-4503 757 FREDERICK RD FL 2 BALTIMORE, MD 21228-4500 |
(410) 747-2050 | http://www.cccs-inc.org |
CECIL COUNTY HOUSING AGENCY | 84087 | 200 CHESAPEAKE BLVD STE 1800 ELKTON, MD 21921-6682 |
(410) 996-8215 | http://www.ccgov.org/dept_housing/index.cfm |
CLEARPOINT FINANCIAL SOLUTIONS, INC. | 84731 | SUITE 236 10104 SENATE DR LANHAM, MD 20706-4392 |
(301) 306-0836 | http://www.clearpointccs.org |
FREDERICK COMMUNITY ACTION AGENCY | 81056 | 100 S MARKET ST FREDERICK, MD 21701-5527 |
(301) 600-1506 | www.cityoffrederick.com/fcaa |
HARFORD COUNTY HOUSING AGENCY | 80331 | 15 S MAIN ST STE 106 BEL AIR, MD 21014-8723 |
(410) 638-3045 | http://www.harfordhousing.org |
HOMEFREE – U S A | 80816 | 3401 A EAST WEST HIGHWAY HYATTSVILLE, MD 20782-2202 |
(301) 891-8410 | http://www.homefreeusa.org |
HOWARD COUNTY OFFICE ON AGING | 84109 | 6751 COLUMBIA GATEWAY DR COLUMBIA, MD 21046-2164 |
(410) 313-5980 | http://www.co.ho.md.us/oa |
MONEY MANAGEMENT INTERNATIONAL FREDERICK | 80329 | 5340 SPECTRUM DR FREDERICK, MD 21703-7365 |
(866) 232-9080 | http://www.moneymanagement.org |
MONEY MANAGEMENT INTERNATIONAL ROCKVILLE | 80532 | 15847 CRABBS BRANCH WAY ROCKVILLE, MD 20855-2635 |
(866) 232-9080 | http://www.moneymanagement.org |
SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION | 81066 | 3700 EASTERN AVE BALTIMORE, MD 21224-4207 |
(410) 342-3234 | http://www.southeastcdc.org |
ST. AMBROSE HOUSING AID CENTER, INC. | 80321 | 321 E 25TH ST BALTIMORE, MD 21218-5303 |
(410) 366-8550 | http://www.stambros.org |
WASHINGTON COUNTY COMMUNITY ACTION COUNCIL | 81797 | 101 SUMMIT AVE HAGERSTOWN, MD 21740-5508 |
(301) 797-4161 | http://www.wccac.org |