 |
Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
 |
All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041) |
|
Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040) |
|
All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041) |
Michael G. Branson
Cliff AuerswaldReverse Mortgages in Idaho: A Comprehensive Guide
If you’re an Idaho homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement. In this guide, we’ll cover everything you need to know about reverse mortgages in Idaho, including key facts, the latest statistics, top lenders, and essential protections.
Top 20 Reverse Mortgage Lenders in Idaho
| Lender | BBB Rating | Years in Business | Star Rating (0–5) | Good Review % | Complaints | Source |
|---|---|---|---|---|---|---|
| Advisors Mortgage Group | A+ | 25 | 1.00/5 | 20.0% | 6 | Source |
| Atlantic Avenue Mortgage LLC | B+ | 2 | 4.94/5 | 98.8% | 2 | Source |
| American Pacific Mortgage | F | 28 | 2.00/5 | 40.0% | 11 | Source |
| Ennkar Inc. | A+ | 14 | 4.00/5 | 80.0% | 2 | Source |
| Fairway Independent Mortgage | A+ | 28 | 4.39/5 | 87.8% | 31 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 21 | 1.00/5 | 20.0% | 34 | Source |
| GoodLife Home Loans | A+ | 12 | 5.0/5 | 88.6% | 0 | Source |
| Guild Mortgage Company (Formerly Cherry Creek LLC) | A+ | 64 | 1.36/5 | 27.2% | 31 | Source |
| HighTechLending Inc | A+ | 18 | 4.93/5 | 98.6% | 1 | Source |
| Liberty Home Equity Solutions Inc. | A+ | 21 | 1.00/5 | 20.0% | 2 | Source |
| Longbridge Financial LLC | A+ | 12 | 3.67/5 | 73.4% | 21 | Source |
| Mid America Mortgage Inc. | A+ | 66 | NA | NA | NA | Source |
| Moneyhouse | NR | 27 | NA | NA | 0 | Source |
| Movement Mortgage, LLC | A+ | 17 | 4.81/5 | 96.2% | 102 | Source |
| Mutual of Omaha Mortgage | A+ | 11 | 1.48/5 | 29.6% | 47 | Source |
| Open Mortgage LLC | A+ | 22 | 3.0/5 | 60.0% | 1 | Source |
| Plaza Home Mortgage Inc | A+ | 24 | 3.2/5 | 64.0% | 12 | Source |
| Smartfi Home Loans | A+ | 5 | NA | NA | 0 | Source |
| South River Mortgage, LLC | A+ | 5 | 3.53/5 | 70.6% | 11 | Source |
BBB Rating: Better Business Bureau rating (A+ to F; NR = Not Rated).
Star Rating: Average customer rating out of 5 stars.
Good Review %: Percentage of reviews classified as positive.
Source: Data compiled from national rankings of top 20 HECM (Home Equity Conversion Mortgage) lenders by RMInsight. Reviews updated as of March 13, 2025.
Guild Mortgage Company: Formerly Cherry Creek LLC.
Latest Idaho Reverse Mortgage Statistics
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Lenders in Idaho | Avg. Home Value |
|---|---|---|---|---|
| Idaho | 143,300 | 461 | 30 | $450,519 |
Loan Type: HECM Standard Loans Originated in Idaho
Performance Period: Loans endorsed between January 1, 2024, and December 31, 2024
Note: Includes all HECM Standard cases within the specified endorsement period.
Idaho Reverse Mortgage Lending Limits
Idaho, the 39th most populous state in the U.S. and 14th largest by area, has a population of approximately 1.95 million as of 2024. Of these residents, about 264,409 are aged 65 or older, and around 69.9% of the population are homeowners, reflecting a high homeownership rate across the state.
Idaho’s Rich History and Economic Development
Idaho has a fascinating history, with human activity dating back over 14,500 years. Before European settlers arrived in the early 19th century, two major Native American tribes inhabited the region. Idaho gained prominence through fur trading and mission work, which attracted settlers. It became part of the U.S. in 1846 and officially became the 43rd state in 1890, following gold rushes in the 1860s.
Boise, the state capital and largest city, had around 235,000 residents in 2024. Originally a key supply hub during the gold rush, Boise thrived through the development of irrigation systems and remains a vibrant city today. Other major cities in Idaho include Meridian and Nampa, both of which are also experiencing growth.
Idaho’s economy is bolstered by agriculture, particularly its famous potato production, as well as manufacturing, healthcare, and tourism. The state ranks 20th on Forbes’ list of ‘Best Places to Do Business,’ with companies like Albertson’s and Micron Technology making the Fortune 500 list.
Climate and Living in Idaho
Idaho has diverse climates, with the northern part of the state being drier and the southern areas experiencing warmer summers. Summer temperatures can reach highs of 91°F in July, while winters are cold, with average lows of 25°F in January. Idaho’s wide-ranging geography offers residents a mix of outdoor activities year-round, from skiing to hiking.
Reverse Mortgage Opportunities in Idaho
As of January 2025, the median home value in Idaho is $450,519, below the federal maximum reverse mortgage lending limit of $1,209,750 for HECM loans. This allows many Idaho homeowners to use a reverse mortgage to unlock home equity. For those whose homes are valued above this limit, jumbo reverse mortgage programs provide additional borrowing options.
HUD-Approved Reverse Mortgage Counseling Agencies in Idaho
| Name | Agency ID | Address | Phone | Web Site |
|---|---|---|---|---|
| DEBT REDUCTION SERVICES, INC. DBA MONEY FIT | 90606 | SUITE 130 6213 N CLOVERDALE RD BOISE, ID 83713-4972 | (877) 688-3328 | N/A |
| IDAHO HOUSING AND FINANCE ASSOCIATION | 83781 | 565 W MYRTLE ST BOISE, ID 83702-7675 | (877) 695-2655 | http://www.idahohousing.com |
| IDAHO HOUSING AND FINANCE ASSOCIATION | 81204 | 565 WEST MYRTLE BOISE, ID 83702-7675 | (877) 695-2655 | http://www.idahohousing.com |
| POCATELLO NEIGHBORHOOD HOUSING SERVICES, INC DBA NEIGHBORWORKS POCATELLO | 80870 | 206 N ARTHUR AVE POCATELLO, ID 83204-3104 | (208) 232-9468 | https://nwpocatello.org/ |
Did you know? Idaho does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies, and you can conduct your required counseling from the comfort of your home.
Additional Resources:
Reversemortgage.org NRMLA Members in Idaho: https://www.reversemortgage.org/Find-a-Lender/state/ID
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist
