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 985 326914300
AMERICA FIRST FEDERAL CREDIT UNION 824 174038332
MOUNTAIN AMERICA CREDIT UNION 721 161946655
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 362 91142511
ACCESS MORTGAGE LLC 336 63550554
REPUBLIC MORTGAGE HOME LOANS LLC 331 83230781
ENVISION LENDING GROUP INC 278 65638594
SUN WEST MORTGAGE CO INC 277 73970089
AMERICAN ADVISORS GROUP 273 63611085
CITYWIDE HOME LOANS 215 58290243
FINANCE OF AMERICA REVERSE LLC 214 54494300
REVERSE MORTGAGE USA INC 199 51696010
ONE REVERSE MORTGAGE LLC 189 43416800
SUN VALLEY FINANCIAL OF UTAH INC 181 33138883
COUNTRYWIDE BANK FSB 167 42719924

Since 2012:

Lender Loans Total Principal Limit
CHERRY CREEK MORTGAGE CO INC 696 235818341
AMERICAN ADVISORS GROUP 258 60238085
AMERICA FIRST FEDERAL CREDIT UNION 226 51616590
SUN WEST MORTGAGE CO INC 191 53120439
MOUNTAIN AMERICA CREDIT UNION 189 50238367
VERITAS FUNDING LLC 154 47132138
FSI MORTGAGE LLC 134 33606837
CITYWIDE HOME LOANS 133 37705263
ONE REVERSE MORTGAGE LLC 113 28124800
ACADEMY MORTGAGE CORPORATION 112 33201615

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%

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!