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 NH 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 New Hampshire?
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% |
New Hampshire | 1,324,575 | $133,300 | 70% | 14% |
Concord | 42,378 | $112,300 | 51% | 14% |
Dover | 28,422 | $132,800 | 51% | 14% |
Manchester | 109,497 | $114,300 | 46% | 13% |
Nashua | 87,157 | $137,500 | 57% | 12% |
Rochester | 30,117 | $99,400 | 67% | 14% |
Find a Local Reverse Mortgage Lender/Bank/Broker in New Hampshire
A
Acworth · Albany · Alexandria · Allenstown · Alstead · Alton · Alton Bay · Amherst · Andover · Antrim · Ashland · Ashuelot · Atkinson · Auburn
B
Barnstead · Barrington · Bartlett · Bath · Bedford · Belmont · Bennington · Benton · Berlin · Bethlehem · Boscawen · Bow · Bradford · Brentwood · Bretton Woods · Bristol · Brookfield · Brookline
C
Campton · Canaan · Candia · Canterbury · Carroll · Center Barnstead · Center Conway · Center Harbor · Center Ossipee · Center Sandwich · Center Strafford · Center Tuftonboro · Charlestown · Chatham · Chester · Chesterfield · Chichester · Chocorua · Claremont · Clarksville · Colebrook · Concord · Contoocook · Conway · Cornish · Cornish Flat · Croydon
D
Dalton · Danbury · Danville · Deerfield · Deering · Derry · Dixville · Dorchester · Dover · Drewsville · Dublin · Dummer · Dunbarton · Durham
E
East Andover · East Candia · East Derry · East Hampstead · East Hebron · East Kingston · East Lempster · East Wakefield · Eaton Center · Effingham · Elkins · Ellsworth · Enfield · Enfield Center · Epping · Epsom · Errol · Etna · Exeter
F
Farmington · Fitzwilliam · Francestown · Franconia · Franklin · Freedom · Fremont
G
Georges Mills · Gilford · Gilmanton · Gilmanton Iron Works · Gilsum · Glen · Glencliff · Goffstown · Gorham · Goshen · Grafton · Grantham · Greenfield · Greenland · Greenville · Groveton · Guild
H
Hales Location · Hampstead · Hampton · Hampton Falls · Hancock · Hanover · Harrisville · Harts Location · Haverhill · Hebron · Henniker · Hill · Hillsboro · Hillsborough · Hinsdale · Holderness · Hollis · Hooksett · Hopkinton · Hudson
I
Intervale
J
Jackson · Jaffrey · Jefferson
K
Kearsarge · Keene · Kensington · Kingston
L
Laconia · Lancaster · Landaff · Langdon · Lebanon · Lee · Lempster · Lincoln · Lisbon · Litchfield · Littleton · Lochmere · Londonderry · Loudon · Lyman · Lyme · Lyme Center · Lyndeborough
M
Madbury · Madison · Manchester · Marlborough · Marlow · Mason · Melvin Village · Meredith · Meriden · Merrimack · Middleton · Milan · Milford · Milton · Milton Mills · Mirror Lake · Monroe · Mont Vernon · Moultonboro · Moultonborough · Mount Sunapee · Mount Washington · Munsonville
N
Nashua · Nelson · New Boston · New Castle · New Durham · New Hampton · New Ipswich · New London · Newbury · Newfields · Newington · Newmarket · Newport · Newton · Newton Junction · North Conway · North Hampton · North Haverhill · North Salem · North Sandwich · North Stratford · North Sutton · North Swanzey · North Walpole · North Woodstock · Northfield · Northumberland · Northwood · Nottingham
O
Orange · Orford · Ossipee
P
Pelham · Pembroke · Penacook · Peterborough · Piermont · Pike · Pittsburg · Pittsfield · Plainfield · Plaistow · Plymouth · Portsmouth
R
Randolph · Raymond · Richmond · Rindge · Rochester · Rollinsford · Roxbury · Rumney · Rye · Rye Beach
S
Salem · Salisbury · Sanbornton · Sanbornville · Sandown · Sandwich · Seabrook · Sharon · Shelburne · Silver Lake · Somersworth · South Acworth · South Hampton · South Newbury · South Sutton · South Tamworth · Spofford · Springfield · Stark · Stewartstown · Stinson Lake · Stoddard · Strafford · Stratford · Stratham · Sugar Hill · Sullivan · Sunapee · Suncook · Surry · Swanzey
T
Tamworth · Temple · Thornton · Tilton · Troy · Twin Mountain
U
Union
W
Walpole · Warner · Warren · Washington · Waterville Valley · Weare · Webster · Wentworth · Wentworths Location · West Chesterfield · West Lebanon · West Nottingham · West Ossipee · West Peterborough · West Stewartstown · West Swanzey · Westmoreland · Whitefield · Wilmot · Wilton · Winchester · Windham · Windsor · Winnisquam · Wolfeboro · Wolfeboro Falls · Wonalancet · Woodstock · Woodsville
HECM Counseling Agency Roster as of 06/05/2013 (6 records were selected, 6 records displayed.) |
Name | Agency ID | Address | Phone | Web Site |
AFFORDABLE HOUSING, EDUCATION AND DEVELOPMENT, INC. (AHEAD) | 82773 | 161 MAIN ST LITTLETON, NH 03561-4020 |
(603) 821-4535 | http://site.notavailable.org |
COMMUNITY HOME SOLUTIONS | 84272 | PO BOX 537 14 NEW ZEALAND RD SEABROOK, NH 03874-4111 |
(603) 474-7449 | Communityhomesolutions.org |
CONCORD AREA TRUST FOR COMMUNITY HOUSING (CATCH) | 82422 | 76 S STATE ST CONCORD, NH 03301-3520 |
(603) 225-8835 | http://www.catchhousing.org |
GREENPATH DEBT SOLUTIONS | 84227 | BUILDING #1 105 LOUDON RD CONCORD, NH 03301-5601 |
(888) 860-4167 | http://www.greenpath.com |
GREENPATH DEBT SOLUTIONS | 84240 | SUITE 1009A 250 COMMERCIAL ST MANCHESTER, NH 03101-1142 |
(888) 860-4167 | http://www.greenpath.com |
MONEY MANAGEMENT INTERNATIONAL, INC. PORTSMOUTH, NH | 82633 | 100 BORTHWICK AVE PORTSMOUTH, NH 03801-4115 |
(866) 232-9080 | http://www.moneymanagement.org |
DITECH MORTGAGE CORP 52 CASS ST PORTSMOUTH, NH 03801 ROCKINGHAM County |
|||||
Title II | |||||
Approval Date: Jul 03, 2012 | [81 Areas Approved for Business] | ||||
HECM: Yes | Originates 203K: No | ||||
Telephone: (207) 319-3894 | FAX Number: (866) 931-7859 | ||||
E-Mail Address: [email protected] | |||||
![]() MERRIMACK MORTGAGE COMPANY INC 1045 ELM ST STE 601 MANCHESTER, NH 03101 HILLSBOROUGH County |
|||||
Title II | |||||
Approval Date: Jan 07, 1994 | [81 Areas Approved for Business] | ||||
HECM: Yes | Originates 203K: Yes | ||||
Telephone: (603) 625-1498 | FAX Number: (603) 625-0990 | ||||
E-Mail Address: [email protected] | |||||
![]() NEW ENGLAND REGIONAL MORTGAGE CORP 90 STILES RD STE 201 SALEM, NH 03079 ROCKINGHAM County |
|||||
Title II | |||||
Approval Date: Feb 27, 1992 | [65 Areas Approved for Business] | ||||
HECM: Yes | Originates 203K: Yes | ||||
Telephone: (603) 894-1230 | FAX Number: (603) 894-1240 | ||||
E-Mail Address: [email protected] |