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  SecurityNational Reverse Mortgage

SecurityNational Reverse Mortgage

in Reverse Mortgages from SecurityNational Mortgage Company · NMLS ID #3116

Unaffiliated

SecurityNational Reverse Mortgage

Unaffiliated

in Reverse Mortgages from SecurityNational Mortgage Company · NMLS ID #3116

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SecurityNational Reverse Mortgage Review

SecurityNational Reverse Mortgage is offered by SecurityNational Mortgage Company (NMLS #3116), a direct lender founded in 1996 and based in Salt Lake City, UT. SecurityNational Reverse Mortgage is available in 44 states across the USA.

SecurityNational Reverse Mortgage FAQ

What types of reverse mortgages does SecurityNational Reverse Mortgage offer?

SecurityNational Reverse Mortgage allows borrowers to apply for the following types of reverse mortgage.

Lump sum. The borrower can access the entire amount immediately. However, you will need to pay interest on the entire amount regardless of whether you spend it.

Monthly disbursement. With this option, you get a monthly allowance. This is a good option if you need an additional source of income to cover your living expenses. It can be used in combination with a line of credit for additional flexibility.

What fees does SecurityNational Reverse Mortgage charge for a reverse mortgage?

SecurityNational Reverse Mortgage may charge a loan origination fee.

What types of property can you use as security for a reverse mortgage with SecurityNational Reverse Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. SecurityNational Reverse Mortgage will consider lines of credit secured by the following property types:

  • Primary home

 

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Other Services by SecurityNational Mortgage Company

Availability

  Available in 44 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Wisconsin
  • Wyoming

Feature Breakdown

Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Minimum Age 62
Reverse Mortgage Options
  • HECM for Home Purchase
  • Standard
Reverse Mortgage Payment Options
  • Lump sum
  • Monthly disbursement

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3 Reviews