Boise Reverse Mortgages
MLS Reverse Mortgage is a Boise reverse mortgage lender offering the HECM (Home Equity Conversion Mortgage) Program. The HECM is the most popular reverse loan program in Boise, Idaho. 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 Boise, Idaho
Boise 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 Boise reverse mortgage is an increase in the total benefit available to them.
For comprehensive Boise 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.
Boise Reverse Mortgage Numbers
|Boise HECM Originations (Past 3 Years)|
|Endorsement Period||HECM Loans Originated|
|2/1/08 – 1/31/11||800|
Total for BOISE: 800
The above chart shows Idaho’s HECM Loans Originated in the HUD BOISE, IDAHO 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 1, 2001 and January 31, 2011. Data Source: HUD Neighborhood Watch
Reverse Mortgage Numbers Further Broken Down by MSA (Metropolitan Statistical Area)
|Boise Total HOC HECM Originations (Past 3 Years)|
|MSA||HECM Loans Originated|
|Boise City | Nampa||800|
Total for BOISE HOC: 2,134
Boise HECM Loans Originated in HUD Office BOISE 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 Boise Non-FHA Reverse Mortgage?
We have a multiple options available when considering a jumbo or proprietary reverse mortgage. Many consider these options if they are 55 or older, have homes with high values, are in a condo that isn’t FHA approved or a multitude of other reasons.