Free Reverse Mortgage PDF's
Virginia Reverse Mortgage Directory
Virginia Reverse Mortgage Specialists
Virginia Reverse Mortgages - MetLife Bank
Jim Warns - MetLife Reverse Mortgage Consultant
Jim brings a wealth of experience to his role as a reverse mortgage consultant for one of the nation’s largest reverse mortgage direct lenders. Previously he worked with traditional mortgages...Read More
Jim Warns
Reverse Mortgage Consultant
NMLS #506555
Metlife Bank, N.A.
1025 Boulders Parkway, Suite 101
Richmond VA 23225
Phone - 804-714-8007 | Fax – 518-244-4904
Email | Website
Senior Reverse Mortgage Online is a national Reverse Mortgage Referral Service. We are currently accepting state listings in our Reverse Mortgage Directory. If you are a reverse mortgage broker or reverse mortgage lender, please Contact Us for directory listing details and costs.
About Reverse mortgages in Virginia
The reverse mortgage, often referred to as the Senior Reverse Mortgage, is a unique type of loan product that directly benefits Senior Citizens during their retirement years. The Virginia Reverse Mortgage is growing in popularity, as is the Reverse Mortgage in general. Proof of this growing popularity can be found from the below numbers (as brought to you by NRMLA the National Reverse Mortgage Lenders Association.)
- 2005 - 48,493 homeowners took out a reverse mortgage
- 2006 - 86,639 homeowners took out a reverse mortgage
- 2007 - 132,252 homeowners took out a reverse mortgage
There are a variety of Virginia reverse mortgages available. The most popular Reverse Mortgage in Virginia is the HECM. HECM stands for Home Equity Conversion Mortgage, and is usually what homeowners decide on when they consider getting a Reverse Mortgage. Virginia reverse mortgages are fairly easy to obtain.
VA Reverse Mortgage Requirements
- >>Borrowers must be Age 62 years or older
- >>Own their home and have enough equity in to qualify
- >>Occupy the home as primary residence
- >>Receive counseling by an approved HUD/FHA counselor
- >>The home must be in reasonably good repair
Revere Mortgage Resources
We do not make loans. If there is not a licensed representative in your area feel free to inquire with HUD, or the mortgage regulatory body in your state for more information on reverse mortgages. You may also contact the National Reverse Mortgage Lenders Association, or "NRMLA" for a licensed representative in your state.
