Texas Reverse Mortgage LendersTexas is constantly in the top 3 states for most number of reverse mortgage loans. The loan is very popular among seniors who need a home loan with access to a line of credit or cash. that they can qualify for. Houson, Dallas-Fort Worth, Austin, El Paso and San Antonio are among the most common metro areas among Texans who apply for senior reverse mortgage loans.
Property values have stayed steady in Texas during the recent housing crisis. In fact, property values in most areas have even risen a little bit, making a reverse mortgage a more attractive option for those who are in need of additional cash to take care of things like bills, debts, senior care among others.
Applicants for a HECM reverse mortgage need to be at least 62 or older and must have equity in their home in order to take out cash.
Featured Texas Reverse Mortgage Lender
Open Mortgage LLC
1st Reverse Mortgage USA
1st American Senior Funding
Network Funding, LP
Cendera Funding Inc.
Top Flite Financial, Inc.
American Advisors Group (AAG)
VanDyk Mortgage Corporation