Find the best deal on reverse mortgages in Seattle and King County Washington.
Seattle Reverse Mortgage Lenders
For over 100 years, Mutual of Omaha has been a trusted brand name. In that tradition of trust, Mutual of Omaha Mortgage offers reverse mortgages to qualified homeowners in Seattle, King County, and throughout the state of Washington.
Our team of originators has a team of experienced professionals who are familiar with the specific needs of homeowners in Seattle, Mercer Island, Bellevue, and south King County. We can walk you through the questions you’re certain to have and the process should you decide to utilize your home’s value to create more cash flow in retirement.
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater Novato and the North Bay region.
Seattle Reverse Mortgage Stats
In 2020 the median home value in Seattle was $805,000. The current maximum lending limit for FHA-insured reverse mortgages is $765,600 which means most homes in Seattle and in the surrounding area would see most if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $765,600 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers based on the home’s appraised value, the age of the youngest borrower, or named non-borrowing spouse, and the current/starting effective interest rate.
Seattle is one of the most picturesque cities on the west coast. It’s often called The Emerald City for its notable greenery throughout city streets and neighborhoods. As with many American settlements Seattle was once was inhabited by the native peoples and tribes throughout the area including the Duwamish and Suquamish tribes. The city derives its name from the venerable Chief Seattle.
Historians trace the city’s founding to the arrival of a group of early pioneers known as the Denny Party in 1851. Decades later Seattle became a boomtown during the Klondike Gold Rush serving as a supply station and a port of departure to the goldfields of Alaska. Today Seattle is a progressive urban city known for its art, culture, and famously wet climate. On rare occasions, tourists may be fortunate to see Mount Rainier from the iconic Space Needle on a clear day. Those wanting an adventurous shopping experience can visit the historic Pike’s Place market which is home to over 500 stores and the famous fish market. Today the city is home to nearly three-and-a-half million residents.
Contact your Seattle and King County reverse mortgage lender today.
Michael and his team at Mutual of Omaha Mortgage are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
Call Michael today at 206-312-9800 to learn more or complete the steps here to get your free quote.
Your request has been submitted. We will get back to you promptly and look forward to speaking with you!