IA Reverse Mortgage Requirements

We’ve gathered this collection of important resources for seniors living in the state of Iowa. This page includes:

  • Updated data on reverse mortgage originations and interest rates
  • HUD Approved Counseling Agencies
  • Local HUD offices

We hope that you find this information useful.

Interested in learning more about a reverse mortgage? Click here for more information, absolutely free.

The Top Reverse Mortgage Lenders in Iowa

We’ve compiled a list of the largest HECM orginators in Iowa, including an updated list to the highlight the leaders since 2012. Please note that these are not recommendations, and we encourage you to thoroughly research whichever companies you decide to consider.

All Time

Lender Loans Total Principal Limit
WELLS FARGO 1709 211093218
AMERICAN ADVISORS GROUP 328 45201708
FINANCIAL FREEDOM SENIOR FUNDING CORP 222 23161622
REVERSE MORTGAGE SOLUTIONS INC 207 28195330
ONE REVERSE MORTGAGE LLC 183 25072400
METLIFE BANK NATIONAL ASSOCIATION 145 19726150
LIBERTY HOME EQUITY SOLUTIONS INC 128 17242500
FINANCE OF AMERICA REVERSE LLC 110 12889600
NATIONWIDE ADVANTAGE MORTGAGE COMPANY 83 5995210
GENERATION MORTGAGE COMPANY 74 9442500
SECURITY ONE LENDING 73 10349900
REVERSE MORTGAGE USA INC 73 10189700
SYNERGY ONE LENDING INC. 69 13583687
CHERRY CREEK MORTGAGE CO INC 49 8935946
BANK OF AMERICA 43 7589108
CHALLENGE FINANCIAL INVESTORS CORP 37 4073420
LIVE WELL FINANCIAL INC 27 3721000
IREVERSE HOME LOANS LLC 27 4983064
PROFICIO MORTGAGE VENTURES LLC 27 4039375
FIRST STEP MORTGAGE GROUP INC 20 2540200

Since 2012

Lender Loans Total Principal Limit
AMERICAN ADVISORS GROUP 287 40050208
REVERSE MORTGAGE SOLUTIONS INC 199 27296330
ONE REVERSE MORTGAGE LLC 146 20497000
LIBERTY HOME EQUITY SOLUTIONS INC 117 16180000
SYNERGY ONE LENDING INC. 69 13583687
REVERSE MORTGAGE USA INC 34 5210000
SECURITY ONE LENDING 32 4414000
PROFICIO MORTGAGE VENTURES LLC 23 3643375
CHERRY CREEK MORTGAGE CO INC 22 4694004
LIVE WELL FINANCIAL INC 20 3065500

Interested in learning more about a reverse mortgage? Click here for more information, absolutely free.

Iowa Reverse Mortgage Rates

Most lenders do not publish interest rates, but each month the US Department of Housing and Urban Development (HUD) releases data on all originations in the country. Using this information, we’ve put together this list of average fixed and adjustable interest rates on HECM loans originated in IA. Although we cannot guarantee these are the rates available to you – they’re just averages, after all – this should provide a benchmark as you do your comparison shopping.

Date Fixed Rate Adjustable Rate
2016-01-01 5.06% 3.61%
2016-02-01 4.45% 3.85%
2016-03-01 5.06% 3.85%
2016-04-01 5.06% 3.89%
2016-05-01 5.06% 4.13%
2016-06-01 4.75% 4.09%
2016-07-01 4.87% 4.18%
2016-08-01 5.01% 4.31%
2016-09-01 5.06% 4.50%
2016-10-01 5.06% 4.75%
2016-11-01 NA 4.67%
2016-12-01 5.05% 4.87%
2017-01-01 4.78% 4.76%
2017-02-01 5.06% 4.82%

HECM Counseling Agencies in IA

CCCS OF NORTHEASTERN IOWA
1003 W 4TH ST, WATERLOO, IA 50702-2803
(319) 234-0661
http://www.cccsia.org

FAMILY MANAGEMENT FINANCIAL SOLUTIONS, INC.
359 ROCK ISLAND AVE, WATERLOO IA 50701-5301
(319) 234-6695
http://www.family-finance.org

Local HUD Offices

Des Moines Field Office

210 Walnut Street Room 937
Des Moines, IA 50309-2155

Office Hours: 8am to 4:30pm, Monday thru Friday

Phone: (515) 284-4512
Fax: (515) 284-4743