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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 ND for free with RMLD – Let us find you the best program.
Seniors in ND 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 North Dakota?
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 North Dakota
646.8 K
Population
$74,400
Median Home Value
67%
Home Ownership Rate
15%
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% |
| North Dakota | 646,844 | $74,400 | 67% | 15% |
| Bismarck | 58,333 | $97,400 | 63% | 14% |
| Fargo | 90,056 | $98,700 | 47% | 10% |
| Grand Forks | 50,372 | $96,300 | 51% | 10% |
| Minot | 34,745 | $80,400 | 62% | 15% |
Local Reverse Mortgage Lenders/Banks/Brokers in North Dakota
A
Abercrombie · Absaraka · Adams · Adrian · Agate · Alamo · Alexander · Alfred · Alice · Alkabo · Almont · Alsen · Ambrose · Amenia · Amidon · Anamoose · Aneta · Antler · Appam · Ardoch · Arena · Argusville · Arnegard · Arthur · Arvilla · Ashley · Ayr
B
Backoo · Baker · Baldwin · Balfour · Balta · Bantry · Barney · Barton · Bathgate · Battleview · Beach · Belcourt · Belden · Belfield · Benedict · Bentley · Bergen · Berlin · Berthold · Berwick · Beulah · Binford · Bisbee · Bismarck · Blaisdell · Blanchard · Bonetraill · Bordulac · Bottineau · Bowbells · Bowdon · Bowesmont · Bowman · Braddock · Brampton · Brantford · Breien · Bremen · Briarwood · Brinsmade · Brocket · Buchanan · Bucyrus · Buffalo · Buffalo Springs · Buford · Burlington · Burnstad · Burt · Butte · Buxton
C
Caledonia · Calio · Calvin · Cando · Cannon Ball · Carbury · Carpio · Carrington · Carson · Cartwright · Casselton · Cathay · Cavalier · Cavalier AFS · Cayuga · Center · Chaffee · Charlson · Chaseley · Christine · Churchs Ferry · Cleveland · Clifford · Clyde · Cogswell · Coleharbor · Colfax · Colgan · Colgate · Columbus · Concrete · Cooperstown · Corinth · Coteau · Coulee · Courtenay · Crary · Crete · Crosby · Crystal · Crystal Springs · Cummings
D
Dahlen · Davenport · Dawson · Dazey · Deering · Delamere · Denbigh · Denhoff · Des Lacs · Devils Lake · Dickey · Dickinson · Dodge · Donnybrook · Douglas · Doyon · Drake · Drayton · Driscoll · Dunn Center · Dunseith · Durbin · Dwight
E
Eckelson · Edgeley · Edinburg · Edmore · Edmunds · Egeland · Eldridge · Elgin · Ellendale · Elliott · Embden · Emerado · Emmet · Emrick · Enderlin · Englevale · Epping · Erie · Esmond
F
Fairdale · Fairfield · Fairmount · Fargo · Fessenden · Fillmore · Fingal · Finley · Flasher · Flaxton · Flora · Forbes · Fordville · Forest River · Forman · Fort Clark · Fort Ransom · Fort Rice · Fort Totten · Fort Yates · Fortuna · Foxholm · Fredonia · Frontier · Fryburg · Fullerton
G
Gackle · Galchutt · Galesburg · Gardar · Gardner · Garrison · Gascoyne · Geneseo · Gfafb · Gilby · Gladstone · Glasston · Glen Ullin · Glenburn · Glenfield · Golden Valley · Golva · Goodrich · Gorham · Grace City · Grafton · Grand Forks · Grand Forks AFB · Grand Rapids · Grandin · Granville · Grassy Butte · Great Bend · Grenora · Guelph · Gwinner
H
Hague · Halliday · Hamar · Hamberg · Hamilton · Hamlet · Hampden · Hankinson · Hannaford · Hannah · Hannover · Hansboro · Harlow · Harvey · Harwood · Hastings · Hatton · Havana · Haynes · Hazelton · Hazen · Heaton · Hebron · Heil · Heimdal · Hensel · Hensler · Hettinger · Hickson · Hillsboro · Honeyford · Hoople · Hope · Horace · Huff · Hunter · Hurdsfield
I
Inkster
J
Jamestown · Jessie · Johnstown · Joliette · Juanita · Jud · Judson
K
Karlsruhe · Kathryn · Keene · Kelso · Kempton · Kenmare · Kensal · Kief · Killdeer · Kindred · Kintyre · Kloten · Knox · Kramer · Kulm
L
Lake Williams · Lakota · Lamoure · Landa · Langdon · Lankin · Lansford · Larimore · Lark · Larson · Lawton · Leal · Leeds · Lefor · Lehr · Leith · Leonard · Leroy · Lidgerwood · Lignite · Lincoln · Linton · Lisbon · Litchville · Loma · Loraine · Lostwood · Ludden · Luverne
M
Maddock · Maida · Makoti · Mandan · Mandaree · Manfred · Manning · Mantador · Manvel · Mapes · Mapleton · Marion · Marmarth · Marshall · Martin · Max · Maxbass · Mayville · Maza · McCanna · McClusky · McGregor · McHenry · McKenzie · McLeod · McVille · Medina · Medora · Mekinock · Melville · Menoken · Mercer · Merricourt · Michigan · Millarton · Milnor · Milton · Minnewaukan · Minot · Minot AFB · Minto · Moffit · Mohall · Monango · Montpelier · Mooreton · Mott · Mountain · Munich · Mylo
N
Nanson · Napoleon · Nash · Neche · Nekoma · New England · New Hradec · New Leipzig · New Rockford · New Salem · New Town · Newburg · Niagara · Nome · Noonan · Norma · North River · Northgate · Northwood · Nortonville · Norwich
O
Oakes · Oberon · Oriska · Orr · Orrin · Osnabrock · Overly · Oxbow
P
Page · Palermo · Park River · Parshall · Pekin · Pembina · Penn · Perth · Petersburg · Pettibone · Pick City · Pillsbury · Pingree · Pisek · Plaza · Pleasant Lake · Portal · Portland · Powers Lake · Prairie Rose · Prosper
R
Raleigh · Raub · Rawson · Ray · Reeder · Regan · Regent · Reiles Acres · Reynolds · Rhame · Richardton · Riverdale · Riverside · Robinson · Rocklake · Rogers · Rolette · Rolla · Roseglen · Ross · Roth · Rugby · Ruso · Rutland · Ryder
S
Saint Anthony · Saint John · Saint Michael · Saint Thomas · San Haven · Sanborn · Sanish · Sarles · Sawyer · Scranton · Selfridge · Selz · Sentinel Butte · Sharon · Sheldon · Sherwood · Sheyenne · Shields · Sibley · Silva · Solen · Souris · South Heart · Southam · Spiritwood · Spring Brook · Stanley · Stanton · Starkweather · Steele · Sterling · Stirum · Strasburg · Straubville · Streeter · Surrey · Sutton · Sydney · Sykeston
T
Tagus · Tappen · Taylor · Temple · Temvik · Thompson · Tioga · Tokio · Tolley · Tolna · Tower City · Towner · Trenton · Trotters · Turtle Lake · Tuttle
U
Underwood · Union · Upham
V
Valley City · Velva · Venturia · Verona · Voltaire · Voss
W
Wahpeton · Walcott · Wales · Walhalla · Walum · Warwick · Washburn · Watford City · Webster · Werner · West Fargo · Westfield · Westhope · Wheatland · Wheelock · White Earth · White Shield · Whitman · Wild Rice · Wildrose · Williston · Willow City · Wilton · Wimbledon · Windsor · Wing · Wishek · Wolford · Wolseth · Woodworth · Wyndmere
Y
York · Ypsilanti
Z
Zahl · Zap · Zeeland
HUD’s list of approved HECM Counselors in North Dakota.
Counseling is mandatory in all states for those who wish to get a HECM loan.
| HECM Counseling Agency Roster as of 06/05/2013 (4 records were selected, 4 records displayed.) |
| Name | Agency ID | Address | Phone | Web Site |
| CCCS OF THE VILLAGE FAMILY SERVICE CENTER | 81259 | FARGO, ND 58106-9859 PO BOX 9859 FARGO, ND 58106-9859 |
(701) 235-3328 | http://HelpWithMoney.org |
| CCCS OF THE VILLAGE FAMILY SERVICE CENTER | 81783 | 1726 S WASHINGTON ST, SUITE 33A GRAND FORKS, ND 58201-6395 |
(800) 450-4019 | http://www.HelpWithMoney.org |
| CCCS OF THE VILLAGE FAMILY SERVICE CENTER | 83303 | 107 W MAIN AVE SUITE 350 BISMARCK, ND 58501-3893 |
(800) 450-4019 | http://www.HelpWithMoney.org |
| CCCS OF THE VILLAGE FAMILY SERVICE CENTER | 83305 | 20 1ST ST SW, STE 250 MINOT, ND 58701-3851 |
(800) 450-4019 | http://www.HelpWithMoney.org |