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Compare Idaho's Best Reverse Mortgages
Compare Idaho's Best Reverse Mortgages
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Idaho's #1 Reverse Mortgage

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

Please provide your estimated home value

If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
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2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website

Top 20 Reverse Mortgage Lenders in Idaho

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+252.00/540.0%5Source
American Advisors Group (AAG)A194.69/593.8%56Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.41/588.2%37Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%22Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%39Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.94/578.8%18Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.80/595.6%109Source
Mutual of Omaha MortgageA+114.61/592.2%45Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.38/547.6%17Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.62/552.4%15Source
This chart compares the top 20 reverse mortgage lenders in the U.S. based on national rankings, displaying key metrics such as their BBB (Better Business Bureau) rating, years in business, average star rating, percentage of positive reviews, number of complaints, and sources of reviews. Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: October 22, 2024).

Idaho Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in IdahoAvg. Home Value
Idaho14,67960067$444,451

Idaho lenders map coverage

 

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 2024, the median home value in Idaho is $481,300, below the federal maximum reverse mortgage lending limit of $1,149,825 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.

Idaho Approved Reverse Mortgage Counseling Agencies

NameAgency IDAddressPhoneWeb Site
DEBT REDUCTION SERVICES, INC. DBA MONEY FIT90606SUITE 130
6213 N CLOVERDALE RD
BOISE, ID 83713-4972
(877) 688-3328N/A
IDAHO HOUSING AND FINANCE ASSOCIATION83781565 W MYRTLE ST
BOISE, ID 83702-7675
(877) 695-2655http://www.idahohousing.com
IDAHO HOUSING AND FINANCE ASSOCIATION81204565 WEST MYRTLE
BOISE, ID 83702-7675
(877) 695-2655http://www.idahohousing.com
POCATELLO NEIGHBORHOOD HOUSING SERVICES, INC DBA NEIGHBORWORKS POCATELLO80870206 N ARTHUR AVE
POCATELLO, ID 83204-3104
(208) 232-9468https://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

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 19 years to reverse mortgages exclusively.
Idaho Reverse Mortgages
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