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Utah Reverse Mortgage Lenders

Utah is home to St. George, population of about 75,000, is one of the more popular cities for older seniors to live. The largest city in Washington County, St. George has ranked among the top in the reverse mortgage charts based on originations. Median home value for the city is about $225,000. Other cities within Utah that are popular for reverse mortgages include Salt Lake City, West Jordan, South Jordan (Daybreak), West Valley City, Provo, Orem, Sandy, Layton, Lehi, Murray and Logan.

A reverse mortgage loan requires borrowers to be at least 62 or older, live in a HUD approved property and of course have home equity. Many experts will recommend downsizing your home or exploring any other possible option before opting for a reverse mortgage since it is technically a negative amortization loan. However, many seniors do not have enough income to qualify for traditional loans which leads to reverse mortgages being the last viable option.

Sun American Mortgage Company
NRMLA #280
1st Reverse Mortgage USA
NRMLA #2530
Patriot Home Mortgage
NRMLA #19974
Citywide Home Loans, CHL Mortgage
NRMLA #12469
Firstar Bank
NRMLA #18176
FSI Mortgage
NRMLA #2443
Liberty Home Equity Solutions, Inc.
NRMLA #5771
American Liberty Mortgage Inc.
NRMLA #17074
Proficio Mortgage Ventures, LLC
NRMLA #19818
American Advisors Group (AAG)
NRMLA #5197