Sacramento Reverse Mortgages
MLS 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|
|Eureka | Arcada | Fortuna||262|
|Truckee | Grass Valley||255|
|Phoenix Lake | Cedar Ridge||188|
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
|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,|
|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: Learn More|
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