St. Louis Reverse Mortgages
MLS Reverse Mortgage is a St. Louis reverse mortgage lender offering the HECM (Home Equity Conversion Mortgage) Program. The HECM is the most popular reverse loan program in St. Louis, Missouri. 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 St. Louis, Missouri
St. Louis 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 St. Louis reverse mortgage is an increase in the total benefit available to them.
For comprehensive St. Louis 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.
St. Louis Reverse Mortgage Numbers
|St. Louis HECM Originations (Past 3 Years)|
|Endorsement Period||HECM Loans Originated|
|12/1/05 – 11/30/08|
Total for ST. LOUIS: 2,761
The above chart shows HECM Loans Originated in the HUD ST. LOUIS, MISSOURI 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?
Due to the current housing market conditions, we are not able to offer a St. Louis 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.
St. Louis Missouri Links of Interest: City of St. Louis | Northside Senior Center