Utah Reverse Mortgage

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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 UT for free with RMLD – Let us find you the best program.

Seniors in UT 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 Utah?

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 Utah

2.8 M

Population

$146,100

Median Home Value

72%

Home Ownership Rate

9%

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%
Utah 2,784,572 $146,100 72% 9%
Bountiful 41,161 $176,000 78% 14%
Clearfield 27,241 $114,500 55% 6%
Draper 36,873 $241,800 84% 4%
Layton 62,716 $147,600 75% 6%
Logan 47,660 $122,500 44% 7%
Midvale 27,249 $141,600 48% 9%
Murray 44,844 $159,200 67% 11%
Ogden 78,086 $101,300 61% 11%
Orem 90,857 $155,000 67% 7%
Provo 113,984 $149,700 43% 6%
Riverton 35,543 $173,000 94% 3%
Roy 35,100 $123,700 84% 8%
Salt Lake City 178,858 $153,300 51% 11%
Sandy 94,203 $183,500 84% 5%
South Jordan 44,009 $221,800 90% 5%
Taylorsville 58,048 $138,100 71% 6%
West Jordan 94,309 $155,200 82% 3%
West Valley City 119,841 $128,600 73% 5%

Local Reverse Mortgage Lenders/Banks/Brokers in Utah

A

Abraham · Adamsville · Alpine · Alta · Altamont · Alton · Altonah · Amalga · American Fork · Aneth · Annabella · Antimony · Apple Valley · Aurora · Austin · Axtell

B

Ballard · Bear River City · Beaver · Beaverdam · Benjamin · Benson · Beryl · Bicknell · Big Water · Bingham Canyon · Blanding · Bluebell · Bluff · Bluffdale · Bonanza · Boulder · Bountiful · Brian Head · Bridgeland · Brigham City · Brighton · Brookside · Bryce · Bryce Canyon · Bullfrog

C

Cache Junction · Callao · Cannonville · Canyon Point · Castle Dale · Castle Valley · Cedar City · Cedar Fort · Cedar Hills · Cedar Valley · Centerfield · Centerville · Central · Central Valley · Chester · Circleville · Cisco · Clarkston · Clawson · Clearfield · Cleveland · Clinton · Coalville · Collinston · Copperton · Corinne · Cornish · Cottonwood · Cottonwood Heights · Cottonwood Heights City · Cove · Croydon

D

Dammeron Valley · Daniel · Deer Valley · Delta · Deseret · Deweyville · Draper · Duchesne · Duck Creek Village · Dugway · Dutch John

E

Eagle Mountain · East Carbon · Echo · Eden · Elberta · Elk Ridge · Elmo · Elsinore · Elwood · Emery · Emigration Canyon · Enoch · Enterprise · Ephraim · Erda · Escalante · Eureka

F

Fairfield · Fairview · Farmington · Farr West · Fayette · Ferron · Fielding · Fillmore · Fort Duchesne · Fountain Green · Francis · Fremont · Fruit Heights · Fruitland

G

Garden City · Garland · Garrison · Genola · Glendale · Glenwood · Goshen · Grantsville · Green River · Greenhaven · Greenville · Greenwich · Grouse Creek · Gunlock · Gunnison · Gusher

H

Halls Crossing · Hanksville · Hanna · Harrisville · Hatch · Heber City · Helper · Henefer · Henrieville · Herriman · Hideout · Highland · Hildale · Hill AFB · Hill Air Force Base · Hinckley · Hite · Holden · Holladay · Holladay Cottonwood · Honeyville · Hooper · Howell · Huntington · Huntsville · Hurricane · Hyde Park · Hyrum

I

Ibapah · Ivins

J

Jensen · Joseph · Junction

K

Kamas · Kanab · Kanarraville · Kanesville · Kanosh · Kaysville · Kearns · Kenilworth · Kingston · Koosharem

L

La Sal · La Verkin · Lake Point · Lake Powell · Lakeside · Laketown · Lapoint · Layton · Leamington · Leeds · Lehi · Levan · Lewiston · Liberty · Lindon · Loa · Logan · Lyman · Lynndyl

M

Magna · Mammoth · Manila · Manti · Mantua · Mapleton · Marriott Slaterville · Marriott-Slaterville City · Marysvale · Mayfield · Meadow · Mendon · Mexican Hat · Midvale · Midway · Milford · Millcreek · Millville · Minersville · Moab · Modena · Mona · Monroe · Montezuma Creek · Monticello · Monument Valley · Morgan · Moroni · Mount Carmel · Mount Pleasant · Mountain Green · Mountain Home · Murray · Myton

N

Naples · Neola · Nephi · New Harmony · Newcastle · Newton · Nibley · North Logan · North Ogden · North Salt Lake

O

Oak City · Oakley · Oasis · Ogden · Ophir · Orangeville · Orderville · Orem · Ouray

P

Panguitch · Paradise · Paragonah · Park City · Park Valley · Parowan · Partoun · Payson · Penrose · Peoa · Perry · Pine Valley · Pintura · Plain City · Pleasant Grove · Pleasant View · Plymouth · Portage · Price · Providence · Provo

R

Randlett · Randolph · Red Canyon · Redmond · Richfield · Richmond · River Heights · Riverdale · Riverside · Riverton · Rockville · Rocky Ridge · Rocky Ridge Town · Roosevelt · Roy · Rush Valley

S

Saint George · Salem · Salina · Salt Lake City · Sandy · Santa Clara · Santaquin · Saratoga Springs · Scipio · Scofield · Sevier · Sigurd · Skull Valley · Smithfield · Snowbird · Snowville · Snyderville · Solitude · South Jordan · South Ogden · South Rim · South Salt Lake · South Weber · Spanish Fork · Spring City · Springdale · Springville · Stansbury Park · Sterling · Stockton · Sugarville · Summit · Sundance · Sunnyside · Sunset · Sutherland · Syracuse

T

Tabiona · Talmage · Taylor · Taylorsville · Teasdale · Terra · Thatcher · Thistle · Thompson · Ticaboo · Tooele · Toquerville · Torrey · Tremonton · Trenton · Tridell · Tropic · Trout Creek

U

Uintah

V

Venice · Vernal · Vernon · Veyo · Vineyard · Virgin

W

Wales · Wallsburg · Wanship · Washington · Washington Terrace · Wellington · Wellsville · Wendover · West Bountiful · West Haven · West Jordan · West Point · West Valley City · White Mesa · Whiterocks · Willard · Woodland Hills · Woodruff · Woods Cross

Z

Zion National Park

HUD’s list of approved HECM Counselors in Utah.
Counseling is mandatory in all states for those who wish to get a HECM loan.

HECM Counseling Agency Roster as of 06/05/2013
(7 records were selected, 7 records displayed.)
Name Agency ID Address Phone Web Site
AAA FAIR CREDIT FOUNDATION 84955 230 WEST 200 SOUTH, SUITE 3104
SALT LAKE CITY,  UT  84101-3428
(801) 483-0999 www.faircredit.org
COMMUNITY ACTION SERVICES 80228 815 S FREEDOM BLVD STE 100
PROVO,  UT  84601-5817
(801) 691-5200 http://communityactionuc.org/
COMMUNITY DEVELOPMENT CORPORATION OF UTAH 82135 501 E 1700 S
SALT LAKE CITY,  UT  84105-2915
(801) 994-7222 http://www.cdcutah.org
CONSUMER CREDIT COUNSELING SERVICE OF SOUTHERN NEVADA DBA CCCS OF UTAH 83814 720 SOUTH RIVER ROAD C-235
ST GEORGE,  UT  84790-5507
(435) 986-9223 http://www.cccsutah.net
NEIGHBORHOOD HOUSING SERVICES OF PROVO 81606 39 W 300 N
PROVO,  UT  84601-2841
(801) 375-5820 http://www.asite.com
SALT LAKE COMMUNITY ACTION PROGRAM 80227 764 S 200 W
SALT LAKE CITY,  UT  84101-2710
(801) 359-2444 www.slcap.org
UTAH STATE UNIVERSITY – FAMILY LIFE CENTER – HFC 80561 493 NORTH 700 EAST
LOGAN,  UT  84321-4231
(435) 797-7224 http://flchfc.usu.edu
ACADEMY MORTGAGE CORPORATION
444 E TABERNACLE ST STE B101
ST GEORGE, UT 84770
WASHINGTON County
Title II
Approval Date: Mar 12, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (435) 767-1704 FAX Number: (866) 542-4591
E-Mail Address: [email protected]
Anchor
ACADEMY MORTGAGE CORPORATION
1220 E 7800 S
SANDY, UT 84094
SALT LAKE County
Title II
Approval Date: Jan 04, 1989 [78 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 233-3700 FAX Number: (801) 233-3701
E-Mail Address: [email protected]
Anchor
ACADEMY MORTGAGE CORPORATION
2180 S 1300 E STE 310
SALT LAKE CITY, UT 84106
SALT LAKE County
Title II
Approval Date: Mar 12, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 456-7800 FAX Number: (801) 456-7818
E-Mail Address: [email protected]
Anchor
AMERICA FIRST FEDERAL CREDIT UNION
4051 S 1900 W
ROY, UT 84067
WEBER County
Title II
Approval Date: Oct 14, 1983 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (800) 999-3961 FAX Number: (801) 827-8483
E-Mail Address: [email protected]
Anchor
AXIOM FINANCIAL LLC
358 W CENTER ST
OREM, UT 84057
UTAH County
Title II
Approval Date: Aug 15, 2008 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 765-0066 FAX Number: (801) 765-0077
E-Mail Address: [email protected]
Anchor
AXIOM FINANCIAL LLC
9350 S 150 E STE 140
SANDY, UT 84070
SALT LAKE County
Title II
Approval Date: Sep 03, 1998 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 563-2800 FAX Number: (801) 304-6922
E-Mail Address: [email protected]
Anchor
AXIOM FINANCIAL LLC
1173 S 250 W STE 501
SAINT GEORGE, UT 84770
WASHINGTON County
Title II
Approval Date: Jun 19, 2008 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (435) 656-5155 FAX Number: (435) 656-3637
E-Mail Address: [email protected]
Anchor
BANK OF UTAH
2605 WASHINGTON BLVD
OGDEN, UT 84401
WEBER County
Title II
Approval Date: Nov 04, 1952 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 409-5000 FAX Number: (801) 409-5336
E-Mail Address: [email protected]
Anchor
CHERRY CREEK MORTGAGE CO INC
1725 E 1450 S STE 120
CLEARFIELD, UT 84015
DAVIS County
Title II
Approval Date: Aug 31, 2006 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (303) 226-8752 FAX Number: (303) 382-4636
E-Mail Address: [email protected]
Anchor
CHERRY CREEK MORTGAGE CO INC
1390 MORANE MANOR DR
SAINT GEORGE, UT 84790
WASHINGTON County
Title II
Approval Date: May 05, 2006 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (303) 226-8752 FAX Number: (303) 382-4636
E-Mail Address: [email protected]
Anchor
CITYWIDE HOME LOANS
4001 S 700 E STE 250
SALT LAKE CITY, UT 84107
SALT LAKE County
Title II
Approval Date: Apr 20, 2000 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 747-0200 FAX Number: (801) 747-0201
E-Mail Address: [email protected]
Anchor
FIRST COLONY MORTGAGE CORP
1320 S 740 E
OREM, UT 84097
UTAH County
Title II
Approval Date: Jul 31, 1985 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 226-7456 FAX Number: (801) 229-0042
E-Mail Address: [email protected]
Anchor
GOLDENWEST CREDIT UNION
5025 ADAMS AVE
OGDEN, UT 84403
WEBER County
Title II
Approval Date: Jul 17, 1985 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 621-4550 FAX Number: (801) 337-8399
E-Mail Address: [email protected]
Anchor
MOUNTAIN AMERICA CREDIT UNION
7181 S CAMPUS VIEW DR
WEST JORDAN, UT 84084
SALT LAKE County
Title II
Approval Date: Apr 15, 1983 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 325-6241 FAX Number: (801) 320-5911
E-Mail Address: [email protected]
Anchor
PINNACLE CAPITAL MORTGAGE CORPORATION
11576 S STATE ST STE 103A
DRAPER, UT 84020
SALT LAKE County
Title II
Approval Date: Jun 24, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 562-9100 FAX Number: (801) 606-2863
E-Mail Address: [email protected]
Anchor
PRIMARY RESIDENTIAL MORTGAGE INC
4750 W WILEY POST WAY STE 200
SALT LAKE CITY, UT 84116
SALT LAKE County
Title II
Approval Date: Oct 15, 1998 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 596-8707 FAX Number: (801) 596-9557
E-Mail Address: [email protected]
Anchor
PRIMARY RESIDENTIAL MORTGAGE INC
2435 W 450 S STE 102
PLEASANT GROVE, UT 84062
UTAH County
Title II
Approval Date: Mar 18, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 855-0570 FAX Number: (801) 618-1660
E-Mail Address: [email protected]
Anchor
PRIMARY RESIDENTIAL MORTGAGE INC
1165 E WILMINGTON AVE STE 250
SALT LAKE CITY, UT 84106
SALT LAKE County
Title II
Approval Date: Jan 20, 2006 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 736-7736 FAX Number: (801) 384-0427
E-Mail Address: [email protected]
Anchor
PROFICIO MORTGAGE VENTURES LLC
796 E PACIFIC DR STE C
AMERICAN FORK, UT 84003
UTAH County
Title II
Approval Date: Jul 21, 2008 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (888) 927-4710 FAX Number: (866) 704-6607
E-Mail Address: [email protected]
Anchor
RANLIFE INC
268 W 400 S FL 3
SALT LAKE CITY, UT 84101
SALT LAKE County
Title II
Approval Date: Jan 20, 2004 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 478-4506 FAX Number: (801) 478-4806
E-Mail Address: [email protected]
Anchor
REPUBLIC MORTGAGE HOME LOANS LLC
5241 S STATE ST STE 2
SALT LAKE CITY, UT 84107
SALT LAKE County
Title II
Approval Date: Jul 12, 2001 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 288-9400 FAX Number: (801) 281-5749
E-Mail Address: [email protected]
Anchor
REVERSE MORTGAGE USA, INC
256 N MAIN ST STE B
ALPINE, UT 84004
UTAH County
Title II
Approval Date: Apr 25, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (800) 748-1184 FAX Number: (512) 342-9609
E-Mail Address: [email protected]
Anchor
SECURITYNATIONAL MORTGAGE COMPANY
1558 WOODLAND PARK DR STE 400
LAYTON, UT 84041
DAVIS County
Title II
Approval Date: Mar 25, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 926-9925 FAX Number: (801) 264-8192
E-Mail Address: [email protected]
Anchor
SECURITYNATIONAL MORTGAGE COMPANY
6965 S UNION PARK CTR STE 300
MIDVALE, UT 84047
SALT LAKE County
Title II
Approval Date: Feb 20, 2004 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (801) 898-9808 FAX Number: (801) 264-8192
E-Mail Address: [email protected]
Anchor
SECURITYNATIONAL MORTGAGE COMPANY
970 MURRAY HOLLADAY RD STE 4A
SALT LAKE CITY, UT 84117
SALT LAKE County
Title II
Approval Date: Jan 24, 1997 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 262-3553 FAX Number: (801) 262-3533
E-Mail Address: [email protected]
Anchor
SECURITYNATIONAL MORTGAGE COMPANY
497 S MAIN ST
EPHRAIM, UT 84627
SANPETE County
Title II
Approval Date: Feb 17, 2004 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 264-8111 FAX Number: (801) 264-8192
E-Mail Address: [email protected]
Anchor
STEARNS LENDING INC
1224 S RIVER RD STE A102
ST GEORGE, UT 84790
WASHINGTON County
Title II
Approval Date: Mar 25, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (435) 674-1090 FAX Number: (435) 628-6659
E-Mail Address: [email protected]
Anchor
SUN WEST MORTGAGE CO INC
1122 W SOUTH JORDAN PKWY STE B
SOUTH JORDAN, UT 84095
SALT LAKE County
Title II
Approval Date: Jul 01, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (562) 741-6935 FAX Number: (562) 924-6057
E-Mail Address: [email protected]
Anchor
THE FIRST NATIONAL BANK LAYTON
136 W 12300 S
DRAPER, UT 84020
SALT LAKE County
Title II
Approval Date: May 07, 2009 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (800) 978-3252 FAX Number: (801) 303-9064
E-Mail Address: [email protected]
Anchor
VERITAS FUNDING LLC
64 E 6400 S STE 335
MURRAY, UT 84107
SALT LAKE County
Title II
Approval Date: Oct 20, 2004 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (801) 983-8200 FAX Number: (801) 983-8260
E-Mail Address: [email protected]