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We want to make sure you have access to the best information and resources here in Idaho. Call us today.
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Reverse mortgage loans in Idaho are safe. Learn more about the process and what to expect by giving us a call.
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About Reverse Mortgages
If you are older than 62 you can choose to purchase a reverse mortgage loan product. These loan products provide tax-free income for life. The lender is always at risk for changes to the Idaho real estate market that might affect the value of your home. The equity position in the home at the time you close will help to determine the amount of payment you will receive. The process requires a good amount of time for education and counseling so you can make the best informed decision.
Consumer Safeguards
In Idaho like anywhere in the United States reverse mortgage loans are safe and your rights are protected by the government. The laws have been written to guarantee the homeowners rights to the home and make sure the lender can never remove the homeowner because of changes in the real estate market. FHA HECM loan products offered by the federal government are the most popular and safest loans available to Idaho seniors.
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Current Mortgage Rates
Loan TypeRate+/-Last
30 yr fixed5.86%5.79%
15 yr fixed5.46%5.38%
5 / 1 ARM5.25%5.28%
30 yr fixed jumbo7.08%6.99%
5 / 1 jumbo ARM6.12%6.16%
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