Seattle Reverse Mortgages
MLS Reverse Mortgage is a Seattle reverse mortgage lender offering the HECM (Home Equity Conversion Mortgage) Program. The HECM is the most popular reverse loan program in Seattle, Washington. 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 Seattle, Washington
Seattle 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 Seattle reverse mortgage is an increase in the total benefit available to them.
For comprehensive Seattle 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.
Seattle Reverse Mortgage Numbers
|Seattle HECM Originations (Past 3 Years)|
|Endorsement Period||HECM Loans Originated|
|2/1/08 – 1/31/11||7,327|
Total for SEATTLE: 7,327
The above chart shows HECM Loans Originated in the HUD SEATTLE, WASHINGTON HUD Field Office. Performance Period: Displaying HECM loans that were endorsed within the past year Data shown includes all cases with beginning endorsement date between February 01, 2008 and January 31, 2011. Data sorted by Area Name in Descending Order. Data Source: HUD Neighborhood Watch
Considering a Non-FHA Reverse Mortgage?
Due to the current housing market conditions, we are not able to offer a Seattle 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.