Orem 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 Orem 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 Utah County area.

Orem Reverse Mortgage Company

There are a number of factors that affect whether or not you qualify for a reverse mortgage in Orem. If you have no equity, you may not be able to qualify for a HECM/reverse mortgage. Contact a professional to discuss your options.

Orem, UT has an estimated population of 94228.