MLS Reverse Mortgage

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Sacramento Reverse Mortgages print email
Sacramento, CAMLS Reverse Mortgage is a Sacramento reverse mortgage lender offering the HECM (Home Equity Conversion Mortgage) Program. The HECM is the most popular reverse loan program in Sacramento, California. With a HECM reverse mortgage, you have several options to choose from including fixed rates, adjustable rates and purchase reverse mortgages.

FHA Reverse Mortgages in Sacramento, California

Sacramento is really seeing a benefit due to the Government's passing of the American Recovery and Reinvestment Act of 2009, which increased the national reverse mortgage lending limit to $625,500. What that means to seniors looking to get a Sacramento reverse mortgage is an increase in the total benefit available to them.

For comprehensive Sacramento reverse mortgage information, please see the links to the left and above. If you would like someone to contact you, please fill out the form to the right.

Sacramento Reverse Mortgage Numbers
Sacramento HECM Originations (Past 3 Years)
Endorsement Period
HECM Loans Originated 
2/1/08 - 1/31/11 2,555 
Total for SACRAMENTO: 2,555

The above chart shows HECM Loans Originated in the HUD SACRAMENTO, CALIFORNIA HUD Field Office. Performance Period: Displaying HECM loans that were endorsed within the past 3 years. Data shown includes all cases with beginning endorsement date between February 01, 2008 and January31, 2011. Data Source: HUD Neighborhood Watch

Reverse Mortgage Numbers Further Broken Down by MSA (Metropolitan Statistical Area)

Sacramento Total HOC HECM Originations (Past 3 Years)
MSA
HECM Loans Originated 
Sacramento | Arden Arcade | Roseville
2,555 
Redding
422 
Stockton
405 
Modesto 347 
Chico
323 
Eureka | Arcada | Fortuna 262 
Truckee | Grass Valley
255 
Phoenix Lake | Cedar Ridge
188 
Red Bluff
176 
Yuba City
123 
Susanville 28 
Total for SACRAMENTO HOC: 5,041 

HECM Loans Originated in HUD Office SACRAMENTO rolled up to the MSA level
Performance Period: Displaying HECM loans that were endorsed within the past 3 years
Data shown includes all cases with beginning endorsement date between February 01, 2008 and January 31, 2011

Considering a Non-FHA Reverse Mortgage?

We will soon be offering a Sacramento Jumbo reverse mortgage. Keep checking back periodically.

Sacramento Reverse Mortgage Counseling

Agency Location Phone Online
National HECM Counseling Network:
National Foundation For Credit Counseling National 1-866-698-6322 Visit Website
Money Management International National 1-877-908-2227 Visit Website
Consumer Credit Counseling Service National 1-877-715-2227 Visit Website
National Council on Aging National 1-800-510-0301 Visit Website
ClearPoint Financial Services National 1-877-877-1995 Visit Website
Springboard Nonprofit National 1-800-431-8456 Visit Website
Counseling Near Sacramento: Location:
By Design Financial Solutions North Highlands,
Stockton, Modesto
800-750-2227 Visit Website
Senior Legal Hotline Sacramento 916-551-2140 Visit Website
Other Popular Counseling Agencies:
Online Counseling with CredAbility National 1-866-616-3716 Visit Website
Sacramento, CA Counseling Agencies get listed above: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Most Sacramento, CA reverse mortgage counseling is done over the phone, however face to face appointments may be available. More a more complete list of HECM counseling agencies please complete the form to the top right of this page.


Sacramento California Links of Interest: Reverse Mortgage Calculator | City of Sacramento | E.M. Hart Senior Center

 

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