Utah Senior Housing Resources

We have put together this page to help seniors in Utah find help and information pertaining to housing issues, including foreclosure, renting, and home ownership.

Below, you will find:

  • Relevant reverse mortgage data
  • Local HUD offices
  • Local housing counselors

Want to learn more? Click here to get free information about a reverse mortgage!

Largest Utah Reverse Mortgage Lenders

As of November 2015, there have been 13,987 reverse mortgages originated in the state of Utah. Wells Fargo, a lender that existed the business years ago, is still by far the largest originator of all time. With that in mind, we’ve broken down the top lenders into two groups, the all time leaders and the leaders since 2012.

All Time

Lender Loans Total Principal Limit
WELLS FARGO 1926 382175860
CHERRY CREEK MORTGAGE CO INC 1006 334326004
AMERICA FIRST FEDERAL CREDIT UNION 834 177236332
MOUNTAIN AMERICA CREDIT UNION 738 166173655
ZIONS FIRST NATIONAL BANK 679 105266590
FSI MORTGAGE LLC 672 141365136
AIM MORTGAGE INC 583 57188171
FINANCIAL FREEDOM SENIOR FUNDING CORP 420 76946705
SECURITYNATIONAL MORTGAGE COMPANY 364 91577511
ACCESS MORTGAGE LLC 336 63550554
REPUBLIC MORTGAGE HOME LOANS LLC 331 83230781
AMERICAN ADVISORS GROUP 288 67707085
ENVISION LENDING GROUP INC 278 65638594
SUN WEST MORTGAGE CO INC 277 73970089
CITYWIDE HOME LOANS 217 58994143
FINANCE OF AMERICA REVERSE LLC 217 55397300
REVERSE MORTGAGE USA INC 199 51696010
ONE REVERSE MORTGAGE LLC 193 44386800
SUN VALLEY FINANCIAL OF UTAH INC 181 33138883
VERITAS FUNDING LLC 169 52688850

Since 2012:

Lender Loans Total Principal Limit
CHERRY CREEK MORTGAGE CO INC 717 243230045
AMERICAN ADVISORS GROUP 273 64334085
AMERICA FIRST FEDERAL CREDIT UNION 236 54814590
MOUNTAIN AMERICA CREDIT UNION 206 54465367
SUN WEST MORTGAGE CO INC 191 53120439
VERITAS FUNDING LLC 168 52513850
CITYWIDE HOME LOANS 135 38409163
FSI MORTGAGE LLC 134 33606837
ONE REVERSE MORTGAGE LLC 117 29094800
ACADEMY MORTGAGE CORPORATION 113 33555962

Want to learn more? Click here to get free information about a reverse mortgage!

Rates

HUD releases data on reverse mortgage originations each month, and one data point is the interest rate on the loan. This is likely the most reliable source on reverse mortgage rates available. Although it’s important to keep in mind that these are just averages, this table should give you a good idea of what’s available in the Utah market.

Date Fixed Rate Adjustable Rate
2014-01-01 5.01% 2.58%
2014-02-01 5.02% 2.57%
2014-03-01 5.02% 2.59%
2014-04-01 5.02% 2.66%
2014-05-01 5.02% 2.68%
2014-06-01 5.00% 2.63%
2014-07-01 4.99% 2.66%
2014-08-01 4.97% 2.67%
2014-09-01 4.98% 2.70%
2014-10-01 4.97% 2.72%
2014-11-01 4.95% 2.75%
2014-12-01 4.95% 2.79%
2015-01-01 4.94% 2.84%
2015-02-01 4.97% 2.90%
2015-03-01 4.96% 2.97%
2015-04-01 4.93% 3.06%
2015-05-01 4.96% 3.10%
2015-06-01 4.94% 3.15%
2015-07-01 4.92% 3.20%
2015-08-01 4.93% 3.22%
2015-09-01 4.93% 3.19%
2015-10-01 4.92% 3.22%
2015-11-01 4.92% 3.28%
2015-12-01 4.87% 3.40%
2016-01-01 4.80% 3.41%
2016-02-01 4.89% 3.53%
2016-03-01 4.87% 3.62%
2016-04-01 4.85% 3.76%
2016-05-01 4.92% 3.97%
2016-06-01 4.89% 4.05%
2016-07-01 4.86% 3.94%
2016-08-01 4.85% 4.11%
2016-09-01 4.85% 4.44%
2016-10-01 4.81% 4.31%
2016-11-01 4.80% 4.51%
2016-12-01 4.89% 4.42%
2017-01-01 4.91% 4.46%
2017-02-01 4.90% 4.30%
2017-03-01 5.00% 4.44%
2017-04-01 4.98% 4.36%

Top Cities in Utah by Total HECM Loans Originated

Rank City Zip Total
1 SALT LAKE CITY 84121 2602
2 SAINT GEORGE 84770 1219
3 SANDY 84093 753
4 ST GEORGE 84770 497
5 WEST VALLEY CITY 84120 490
6 OGDEN 84403 461
7 WEST JORDAN 84084 419
8 BOUNTIFUL 84010 351
9 OREM 84057 346
10 WASHINGTON 84780 345
11 MURRAY 84117 299
12 LAYTON 84041 288
13 TAYLORSVILLE 84111 287
14 PROVO 84601 274
15 SOUTH JORDAN 84095 273
16 MIDVALE 84047 217
17 HURRICANE 84737 203
18 CEDAR CITY 84720 171
19 RIVERTON 84065 163
20 ROY 84067 158
21 MAGNA 84044 150
22 IVINS 84738 145
23 AMERICAN FORK 84003 144
24 LEHI 84043 142
25 DRAPER 84020 139
26 HOLLADAY 84117 128
27 TOOELE 84074 126
28 KEARNS 84118 124
29 SPRINGVILLE 84663 120
30 VERNAL 84078 119

Department of Housing and Urban Development Offices

Salt Lake City Field Office

Department of Housing and Urban Development
125 South State Street
Suite 3001
Salt Lake City, Utah 84138

Phone: (801) 524-6070
Email: Customer Service
Fax: (801) 524-3439
TTY: (800) 877-8339 or dial 7-1-1 (Not available in all areas.)

Jurisdiction: State of Utah

Kelly Jorgensen, Field Office Director

Office Hours: Monday through Friday, 8:00 a.m. to 4:30 p.m.

Housing Counselors

UTAH STATE UNIVERSITY – FAMILY LIFE CENTER – HFC

493 N 700 E
Logan, Utah 84321-4231
Phone: 435-797-5426

Toll-free: 435-797-7224
Fax: 435-797-7432
E-mail: flchfc@gmail.com
Website: www.usu.edu/fchd/community/housing/index.cfm

AAA FAIR CREDIT FOUNDATION

230 W 200 S Ste 3104
Salt Lake City, Utah 84101-3428

Phone: 801-483-0999
Fax: 801-364-8885
E-mail: housing@faircredit.org
Website: www.faircredit.org

Want to learn more? Click here to get free information about a reverse mortgage!