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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.
Seniors in MS 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.”
How Does the Reverse Mortgage Work in Mississippi?
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% |
| Mississippi | 2,951,996 | $71,400 | 72% | 13% |
| Biloxi | 44,342 | $92,600 | 49% | 12% |
| Clinton | 26,212 | $96,200 | 72% | 11% |
| Columbus | 24,213 | $67,900 | 54% | 16% |
| Greenville | 37,801 | $55,100 | 56% | 12% |
| Gulfport | 64,316 | $80,300 | 59% | 11% |
| Hattiesburg | 48,012 | $66,100 | 45% | 12% |
| Jackson | 176,614 | $64,400 | 58% | 11% |
| Meridian | 38,200 | $59,600 | 56% | 17% |
| Pascagoula | 23,719 | $69,000 | 57% | 12% |
| Southaven | 41,295 | $91,400 | 72% | 9% |
| Tupelo | 35,930 | $92,800 | 62% | 12% |
| Vicksburg | 25,740 | $65,100 | 56% | 15% |
A
Abbeville · Aberdeen · Ackerman · Agricola · Algoma · Alligator · Amory · Anguilla · Arcola · Arkabutla · Artesia · Ashland · Askew · Avalon · Avon
B
Bailey · Baird · Baldwyn · Banner · Bassfield · Batesville · Bay Saint Louis · Bay Springs · Beaumont · Becker · Belden · Belen · Bellefontaine · Belmont · Belzoni · Benndale · Benoit · Benton · Bentonia · Beulah · Big Creek · Bigbee Valley · Biloxi · Blue Mountain · Blue Springs · Bogue Chitto · Bolton · Booneville · Boyle · Brandon · Braxton · Brookhaven · Brooklyn · Brooksville · Bruce · Buckatunna · Bude · Burnsville · Byhalia · Byram
C
Caledonia · Calhoun City · Camden · Canaan · Canton · Carriere · Carrollton · Carson · Carthage · Cary · Cascilla · Cedarbluff · Centreville · Charleston · Chatawa · Chatham · Choctaw · Chunky · Church Hill · Clara · Clarksdale · Clermont Harbor · Cleveland · Clinton · Coahoma · Coffeeville · Coila · Coldwater · Collins · Collinsville · Columbia · Columbus · Columbus AFB · Como · Conehatta · Corinth · Courtland · Crawford · Crenshaw · Crosby · Crowder · Cruger · Crystal Springs
D
D Lo · Daleville · Darling · De Kalb · Decatur · Delta City · Dennis · Derma · Diamondhead · Diberville · Doddsville · Drew · Dublin · Duck Hill · Dumas · Duncan · Dundee · Durant
E
Eastabuchie · Ecru · Edinburg · Edwards · Egypt · Elizabeth · Elliott · Ellisville · Enid · Enterprise · Escatawpa · Ethel · Etta · Eupora
F
Falcon · Falkner · Farrell · Fayette · Fernwood · Fitler · Flora · Florence · Flowood · Forest · Foxworth · French Camp · Friars Point · Fulton
G
Gallman · Gattman · Gautier · Georgetown · Glen · Glen Allan · Glendora · Gloster · Golden · Goodman · Gore Springs · Grace · Greenville · Greenwood · Greenwood Springs · Grenada · Gulfport · Gunnison · Guntown
H
Hamilton · Harperville · Harriston · Harrisville · Hattiesburg · Hazlehurst · Heidelberg · Hermanville · Hernando · Hickory · Hickory Flat · Hillsboro · Holcomb · Hollandale · Holly Bluff · Holly Ridge · Holly Springs · Horn Lake · Houlka · Houston · Hurley
I
Independence · Indianola · Inverness · Isola · Itta Bena · Iuka
J
Jackson · Jayess · Jonestown
K
Keesler AFB · Kilmichael · Kiln · Kokomo · Kosciusko · Kossuth · Kreole
L
Lafayette · Lake · Lake Cormorant · Lakeshore · Lamar · Lambert · Lamont · Lauderdale · Laurel · Lawrence · Leaf · Leakesville · Learned · Leland · Lena · Lexington · Liberty · Little Rock · Long Beach · Lorman · Louin · Louise · Louisville · Lucedale · Ludlow · Lula · Lumberton · Lyon
M
Maben · Macon · Madden · Madison · Magee · Magnolia · Mantachie · Mantee · Marietta · Marion · Marks · Matherville · Mathiston · Mattson · Mayersville · Mayhew · Mc Adams · Mc Call Creek · Mc Carley · Mc Cool · Mc Henry · Mc Lain · Mc Neill · McComb · Meadville · Mendenhall · Meridian · Merigold · Metcalfe · Michigan City · Midnight · Mineral Wells · Minter City · Mississippi State · Mize · Money · Monticello · Montpelier · Mooreville · Moorhead · Morgan City · Morgantown · Morton · Moselle · Moss · Moss Point · Mound Bayou · Mount Olive · Mount Pleasant · Myrtle
N
Natchez · Naval Air Sta Meridian · Neely · Nesbit · Nettleton · New Albany · New Augusta · New Site · Newhebron · Newton · Nicholson · Nitta Yuma · North Carrollton · Noxapater
O
Oak Vale · Oakland · Ocean Springs · Okolona · Olive Branch · Osyka · Ovett · Oxford
P
Pace · Pachuta · Panther Burn · Parchman · Paris · Pascagoula · Pass Christian · Pattison · Paulding · Pearl · Pearlington · Pelahatchie · Percy · Perkinston · Petal · Pheba · Philadelphia · Philipp · Picayune · Pickens · Piney Woods · Pinola · Pittsboro · Plantersville · Pocahontas · Pontotoc · Pope · Poplarville · Port Gibson · Porterville · Potts Camp · Prairie · Prairie Point · Prentiss · Preston · Puckett · Pulaski · Purvis
Q
Quitman
R
Raleigh · Randolph · Raymond · Red Banks · Redwood · Reform · Rena Lara · Rich · Richland · Richton · Ridgeland · Rienzi · Ripley · Robinsonville · Rolling Fork · Rome · Rose Hill · Rosedale · Roxie · Ruleville · Ruth
S
Sallis · Saltillo · Sanatorium · Sandersville · Sandhill · Sandy Hook · Sarah · Sardis · Sarepta · Satartia · Saucier · Savage · Schlater · Scobey · Scooba · Scott · Sebastopol · Seminary · Senatobia · Shannon · Sharon · Shaw · Shelby · Sherard · Sherman · Shubuta · Shuqualak · Sibley · Sidon · Silver City · Silver Creek · Skene · Slate Spring · Sledge · Smithdale · Smithville · Sontag · Soso · Southaven · Star · Starkville · State Line · Steens · Stennis Space Center · Stewart · Stoneville · Stonewall · Stovall · Stringer · Sturgis · Summit · Sumner · Sumrall · Sunflower · Swan Lake · Swiftown
T
Taylor · Taylorsville · Tchula · Terry · Thaxton · Thomastown · Thornton · Tie Plant · Tillatoba · Tinsley · Tiplersville · Tippo · Tishomingo · Toccopola · Tomnolen · Toomsuba · Tougaloo · Trebloc · Tremont · Tula · Tunica · Tunica Resort · Tunica Resorts · Tupelo · Tutwiler · Tylertown
U
Union · Union Church · University · Utica
V
Vaiden · Valley Park · Van Vleet · Vance · Vancleave · Vardaman · Vaughan · Verona · Vicksburg · Victoria · Vossburg
W
Walls · Walnut · Walnut Grove · Walthall · Washington · Water Valley · Waterford · Waveland · Waynesboro · Wayside · Webb · Weir · Wesson · West · West Point · Wheeler · Whitfield · Wiggins · Winona · Winstonville · Winterville · Woodland · Woodville
Y
Yazoo City
| HECM Counseling Agency Roster as of 06/05/2013 (4 records were selected, 4 records displayed.) |
| Name | Agency ID | Address | Phone | Web Site |
| FAMILY SERVICE AGENCY – CCCS | 83195 | 7075 GOLDEN OAKS LOOP WEST, SUITE 12 SOUTHAVEN, MS 38671-9012 |
(662) 536-4931 ext 972 | www.helpingfamilies.org |
| HOUSING EDUCATION AND ECONOMIC DEVELOPMENT, INC. | 80035 | 3405 MEDGAR EVERS BLVD JACKSON, MS 39213-6360 |
(601) 981-1960 | http://heedhousing.org |
| MONEY MANAGEMENT INTERNATIONAL BILOXI | 82698 | 2598 PASS RD STE D BILOXI, MS 39531-2713 |
(866) 232-9080 | http://www.moneymanagement.org |
| MONEY MANAGEMENT INTERNATIONAL TUPELO | 83236 | 1018 N GLOSTER ST STE H TUPELO, MS 38804-1234 |
(866) 232-9080 | http://www.moneymanagement.org |
| DITECH MORTGAGE CORP 232 MARKET ST FLOWOOD, MS 39232 RANKIN County |
|||||
| Title II | |||||
| Approval Date: Jul 13, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (601) 503-5010 | FAX Number: (866) 931-7859 | ||||
| E-Mail Address: [email protected] | |||||
 HOMETOWN MORTGAGE SERVICES 133 MAGNOLIA DR S WIGGINS, MS 39577 STONE County |
|||||
| Title II | |||||
| Approval Date: Mar 01, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (601) 928-9480 | FAX Number: (601) 928-9489 | ||||
| E-Mail Address: [email protected] | |||||
HOMETOWN MORTGAGE SERVICES 204 W NORTH ST POPLARVILLE, MS 39470 PEARL RIVER County |
|||||
| Title II | |||||
| Approval Date: Apr 05, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (601) 795-8881 | FAX Number: (601) 795-0840 | ||||
| E-Mail Address: [email protected] | |||||
REVERSE MORTGAGE USA, INC 232 MARKET ST FLOWOOD, MS 39232 RANKIN County |
|||||
| Title II | |||||
| Approval Date: Mar 16, 2012 | [81 Areas Approved for Business] | ||||
| HECM: Yes | Originates 203K: No | ||||
| Telephone: (800) 748-1184 | FAX Number: (512) 338-3199 | ||||
| E-Mail Address: [email protected] | |||||