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Idaho residents receive best reverse mortgage
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.
Every year some 100,000 seniors take out a reverse mortgage? Many more seniors are considering this option and your not alone in your search for answers.
RMLD uses a comparison approach to truly find the best HECM deals in ID. We take pride in finding seniors the best options for their retirement. Also our quotes are free so there is no risk to you.
Seniors in ID 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. If you are considering this option we encourage you to get at leasta get a free quote.”
Idaho residents ask us all the time – How Does the Reverse Mortgage Work?
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 Idaho
1.5 M
$106,300
72%
12%
Percent PopulationOver 65
| LOCATION | POPULATION | MED. HOME VALUE | HOME OWNERSHIP RATE | % POPULATION OVER 65 |
|---|---|---|---|---|
| USA | 307,006,550 | $119,600 | 66% | 13% |
| Idaho | 1,545,801 | $106,300 | 72% | 12% |
| Caldwell | 37,056 | $84,700 | 65% | 11% |
| Idaho Falls | 52,786 | $90,100 | 68% | 11% |
| Lewiston | 31,293 | $106,000 | 67% | 17% |
| Meridian | 59,832 | $121,200 | 84% | 6% |
| Nampa | 76,587 | $92,200 | 70% | 11% |
| Pocatello | 53,932 | $87,100 | 66% | 10% |
| Twin Falls | 40,380 | $93,500 | 63% | 15% |
A
Aberdeen · Acequia · Ahsahka · Albion · Almo · Am Falls · American Falls · Ammon · Anderson Dam · Arbon · Arco · Arimo · Ashton · Athol · Atlanta · Atomic City · Avery
B
Bancroft · Banks · Basalt · Bayview · Bellevue · Bern · Blackfoot · Blanchard · Bliss · Bloomington · Boise · Bonners Ferry · Bovill · Bruneau · Buhl · Burley · Butte City
C
Calder · Caldwell · Cambridge · Carey · Careywood · Carmen · Cascade · Castleford · Cataldo · Centerville · Challis · Chester · Chubbuck · Clark Fork · Clarkia · Clayton · Clearwater · Clifton · Cobalt · Cocolalla · Coeur D Alene · Colburn · Conda · Coolin · Corral · Cottonwood · Council · Craigmont · Culdesac
D
Dalton Gardens · Darlington · Dayton · Deary · Declo · Desmet · Dietrich · Dingle · Dixie · Donnelly · Dover · Downey · Driggs · Dubois
E
Eagle · East Magic · Eastport · Eden · Elba · Elk City · Elk Horn · Elk River · Ellis · Emmett
F
Fairfield · Featherville · Felt · Fenn · Ferdinand · Fernan Lake Village · Fernwood · Filer · Firth · Fish Haven · Fort Hall · Franklin · Fruitland · Fruitvale
G
Gannett · Garden City · Garden Valley · Genesee · Geneva · Georgetown · Gibbonsville · Glenns Ferry · Gooding · Grace · Grand View · Grangeville · Grasmere · Greencreek · Greenleaf
H
Hagerman · Hailey · Hamer · Hammett · Hansen · Harpster · Harrison · Harvard · Hauser · Hayden · Hayden Lake · Hazelton · Headquarters · Heyburn · Hidden Springs · Hill City · Holbrook · Hollister · Homedale · Hope · Horseshoe Bend · Horseshoe Bnd · Howe · Huetter
· Huston
I
Idaho City · Idaho Falls · Indian Valley · Inkom · Iona · Irwin · Island Park
J
Jackson · Jerome · Juliaetta
K
Kamiah · Kellogg · Kendrick · Ketchum · Keuterville · Kimberly · King Hill · Kingston · Kooskia · Kootenai · Kuna
L
Laclede · Lake Fork · Lapwai · Lava Hot Springs · Leadore · Lemhi · Lenore · Letha · Lewiston · Lewisville · Lone Star · Lost River · Lowman · Lucile
M
Mackay · Macks Inn · Malad City · Malta · Marsing · May · McCall · McCammon · Medimont · Melba · Menan · Meridian · Mesa · Middleton · Midvale · Minidoka · Monteview · Montour · Montpelier · Moore · Moreland · Moscow · Mountain Home · Mountain Home A F B · Mountain Home AFB · Moyie Springs · Mt Home · Mullan · Murphy · Murray · Murtaugh
N
Nampa · Naples · New Centerville · New Meadows · New Plymouth · Newdale · Nezperce · Nordman · North Fork · Notus
O
Oakley · Oasis · Ola · Oldtown · Onaway · Oreana · Orofino · Osburn · Ovid · Oxford
P
Palisades · Paradise HOT · Paradise Hot Springs · Paris · Parker · Parma · Patterson · Paul · Payette · Peck · Picabo · Pierce · Pine · Pinehurst · Pingree · Pioneerville · Placerville · Plummer · Pocatello · Pollock · Ponderay · Porthill · Post Falls · Potlatch · Prairie · Preston · Prichard · Priest Lake · Priest River · Princeton
R
Rathdrum · Reubens · Rexburg · Richfield · Riddle · Rigby · Riggins · Ririe · Roberts · Rockland · Rocky Bar · Rogerson · Rupert
S
Sagle · Saint Anthony · Saint Charles · Saint Maries · Salmon · Sandpoint · Santa · Sawtooth City · Shelley · Shoshone · Shoup · Silverton · Smelterville · Soda Springs · Spalding · Spencer · Spirit Lake · Springfield · St Maries · Stanley · Star · Star Ranch · Steirman · Sterling · Stites · Stone · Sugar City · Sun Valley · Swan Valley · Swanlake · Sweet
T
Tamarack · Tendoy · Tensed · Terreton · Teton · Tetonia · Thatcher · Tipanuk · Triumph · Troy · Twin Falls · Twin Lakes
U
Ucon
V
Victor · Viola
W
Wallace · Wardner · Warren · Wayan · Weippe · Weiser · Wendell · West Magic · Weston · White Bird · Wilder · Winchester · Worley
Y
Yellow Pine
Approved by HUD list of HECM Counselors in Idaho.
Counseling is mandatory in all states for those who wish to get a HECM loan – we have compiled this list to save seniors in ID time when looking for counselors.
(1 records were selected, 1 records displayed.)
ADA County
ADA County
BANNOCK County
ADA County
TWIN FALLS County
KOOTENAI County
ADA County
CANYON County
NEZ PERCE County
ADA County
ADA County
ADA County
ADA County
Category: American mortgage
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