Columbia Reverse Mortgage
MLS Reverse Mortgage is a Columbia reverse mortgage lender offering the HECM (Home Equity Conversion Mortgage) Program. The Columbia HECM is the most popular reverse loan program in South Carolina. With a HECM reverse mortgage, you have several options to choose from including fixed rates, adjustable rates and purchase reverse mortgages. We can help you choose, which option is best for you.
The first step is to apply for our FREE reverse mortgage info kit. Your FREE kit includes the following information:
- Reverse Mortgage Loan Comparison
- Estimated Fee Sheet
- Total Annual Loan Costs (TALC)
- Amortization schedule
In addition, we will include more detailed info about reverse mortgage loans.
More about FHA Reverse Mortgages in Columbia, South Carolina
Columbia 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 Columbia reverse mortgage is an increase in the total benefit available to them.
For comprehensive 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.
Columbia Reverse Mortgage Numbers
| Columbia HECM Originations (Past 3 Years) | ||
|---|---|---|
| Endorsement Period | HECM Loans Originated | |
| 12/1/05 – 11/30/08 | 2,408 | |
Total for COLUMBIA: 2,408 | ||
The above chart shows HECM Loans Originated in the HUD COLUMBIA, SOUTH CAROLINA 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 December 01, 2005 and November 30, 2008. Data Source: HUD Neighborhood Watch
Considering a Non-FHA Reverse Mortgage in South Carolina?
Due to the current housing market conditions, we are not able to offer a Columbia Jumbo reverse mortgage. Keep checking back periodically, as it is our belief that the jumbo, non-fha, proprietary reverse mortgage market will be returning soon.
Columbia South Carolina Links of Interest: City of Columbia | Capital Senior Center
Click here to use our South Carolina Reverse Mortgage Calculator.