Cedar City Reverse Mortgage Lenders
Seniors who are aged 62 or older can take advantage of a government insured program called a reverse mortgage that allows them to receive tax-free cash while staying in their homes through a Utah reverse mortgage lender. The program allows seniors to take out a lump sum of cash, or RECEIVE a monthly payment from the lender. Reverse mortgage fees in Cedar City have dropped due to more and more banks competiting for their business in this growing market. The closing cost of a Utah reverse mortgage has almost been cut in half with special mortgages introduced by the FHA such as the HECM Saver and HECM Standard. A reverse mortgage is also known as a Home Equity Conversion Mortgage (HECM). Here are a list of a few HECM lenders in the Iron County area.Cedar City Reverse Mortgage Company
There are a number of factors that affect whether or not you qualify for a reverse mortgage in Cedar City. If you have no equity, you may not be able to qualify for a HECM/reverse mortgage. Contact a professional to discuss your options.Cedar City, UT has an estimated population of 28883.
Recommended Lenders
Urban Financial Group
Urban Financial Group is a private lender and is operated independently as one of the Cedar City's largest reverse mortgage lender.
One Reverse Mortgage
One Reverse Mortgage is owned by the Quicken Loans company, which means they have a combined 32 years of mortgage experience. One Reverse Mortgage is also one of the fastest growing reverse mortgage companies in the nation.