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 1035 343343510
AMERICA FIRST FEDERAL CREDIT UNION 845 180035732
MOUNTAIN AMERICA CREDIT UNION 753 170430155
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 370 93796600
ACCESS MORTGAGE LLC 336 63550554
REPUBLIC MORTGAGE HOME LOANS LLC 331 83230781
AMERICAN ADVISORS GROUP 296 70151085
ENVISION LENDING GROUP INC 278 65638594
SUN WEST MORTGAGE CO INC 277 73970089
CITYWIDE HOME LOANS 224 61284041
FINANCE OF AMERICA REVERSE LLC 218 55713300
VERITAS FUNDING LLC 200 62868857
REVERSE MORTGAGE USA INC 199 51696010
ONE REVERSE MORTGAGE LLC 198 46342800
SUN VALLEY FINANCIAL OF UTAH INC 181 33138883

Since 2012:

Lender Loans Total Principal Limit
CHERRY CREEK MORTGAGE CO INC 746 252247551
AMERICAN ADVISORS GROUP 281 66778085
AMERICA FIRST FEDERAL CREDIT UNION 247 57613990
MOUNTAIN AMERICA CREDIT UNION 221 58721867
VERITAS FUNDING LLC 199 62693857
SUN WEST MORTGAGE CO INC 191 53120439
CITYWIDE HOME LOANS 142 40699061
FSI MORTGAGE LLC 134 33606837
ONE REVERSE MORTGAGE LLC 122 31050800
ACADEMY MORTGAGE CORPORATION 116 34447750

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 4.96% 2.43%
2014-02-01 5.01% 2.37%
2014-03-01 4.98% 2.39%
2014-04-01 5.00% 2.44%
2014-05-01 4.93% 2.43%
2014-06-01 4.99% 2.44%
2014-07-01 4.98% 2.50%
2014-08-01 4.97% 2.53%
2014-09-01 4.90% 2.61%
2014-10-01 4.95% 2.66%
2014-11-01 4.97% 2.64%
2014-12-01 4.92% 2.75%
2015-01-01 4.84% 2.72%
2015-02-01 4.88% 2.76%
2015-03-01 4.95% 2.86%
2015-04-01 4.82% 2.97%
2015-05-01 4.84% 3.12%
2015-06-01 4.91% 3.10%
2015-07-01 4.85% 3.09%
2015-08-01 4.91% 3.13%
2015-09-01 4.95% 3.13%
2015-10-01 4.90% 3.14%
2015-11-01 4.86% 3.24%
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%
2017-05-01 4.96% 4.33%
2017-06-01 4.98% 4.33%
2017-07-01 4.84% 4.35%

Top Cities in Utah by Total HECM Loans Originated

Rank City Zip Total
1 SALT LAKE CITY 84121 2619
2 SAINT GEORGE 84770 1262
3 SANDY 84093 767
4 ST GEORGE 84770 506
5 WEST VALLEY CITY 84120 495
6 OGDEN 84403 463
7 WEST JORDAN 84084 431
8 BOUNTIFUL 84010 356
9 WASHINGTON 84780 356
10 OREM 84057 351
11 MURRAY 84117 301
12 LAYTON 84041 297
13 TAYLORSVILLE 84111 292
14 SOUTH JORDAN 84095 290
15 PROVO 84601 277
16 MIDVALE 84047 219
17 HURRICANE 84737 214
18 CEDAR CITY 84720 176
19 RIVERTON 84065 166
20 ROY 84067 161
21 MAGNA 84044 152
22 IVINS 84738 150
23 LEHI 84043 149
24 AMERICAN FORK 84003 146
25 DRAPER 84020 141
26 HOLLADAY 84117 129
27 TOOELE 84074 127
28 KEARNS 84118 125
29 SPRINGVILLE 84663 121
30 KAYSVILLE 84037 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!