Texas HECM Lenders
Texas is quite popular in terms of volume of reverse mortgage loans. The state did not experience much home price appreciation and as a result, did not suffer the same bust that other states such as Florida and California went through. As a result, the state is home to many senior citizens who have quite a bit of equity in their home or even no mortgage at all. Combine that fact with the slow down in the economy, many seniors are turning to taking out a reverse mortgage to help with their daily living expenses or pay for senior care.
A HECM loan is federally insured loan that allows you to keep your home while taking out money from the built up equity to use on anything such as buying a new property that you will live in, home improvement to the home, paying down other debts or any other expenses you may need help with.
Texas Reverse Mortgage Lenders
HECM Reverse Mortgage Qualification
- 62 or older
- FHA approved property (single-family, 2-4 units and some condos)
- Complete a reverse mortgage counseling session
- Be current on insurance and property taxes
Our network of HECM lenders help seniors all over the lone star state, that includes anywhere from El Paso, Killen, Dallas, Fort Worth, San Antonio, Houston, Austin, Cedar Park, Round Rock, Tarrant County, Travis County or anywhere else within the state of Texas.
