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 1111 370084606
AMERICA FIRST FEDERAL CREDIT UNION 851 181578232
MOUNTAIN AMERICA CREDIT UNION 772 176188058
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 376 95703515
ACCESS MORTGAGE LLC 336 63550554
AMERICAN ADVISORS GROUP 335 81718235
REPUBLIC MORTGAGE HOME LOANS LLC 331 83230781
ENVISION LENDING GROUP INC 278 65638594
SUN WEST MORTGAGE CO INC 278 74362089
FINANCE OF AMERICA REVERSE LLC 240 62610800
VERITAS FUNDING LLC 235 75550638
CITYWIDE HOME LOANS 231 63179941
ONE REVERSE MORTGAGE LLC 214 51551600
REVERSE MORTGAGE USA INC 199 51696010
SUN VALLEY FINANCIAL OF UTAH INC 181 33138883

Since 2012:

Lender Loans Total Principal Limit
CHERRY CREEK MORTGAGE CO INC 822 278988647
AMERICAN ADVISORS GROUP 320 78345235
AMERICA FIRST FEDERAL CREDIT UNION 253 59156490
MOUNTAIN AMERICA CREDIT UNION 240 64479770
VERITAS FUNDING LLC 234 75375638
SUN WEST MORTGAGE CO INC 192 53512439
REVERSE FREEDOM LLC 153 51621470
CITYWIDE HOME LOANS 149 42594961
ONE REVERSE MORTGAGE LLC 138 36259600
FSI MORTGAGE LLC 134 33606837

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%
2017-08-01 4.92% 4.42%
2017-09-01 4.91% 4.42%
2017-10-01 5.00% 4.38%
2017-11-01 4.97% 4.53%
2017-12-01 4.92% 4.57%

Top Cities in Utah by Total HECM Loans Originated

Rank City Zip Total
1 SALT LAKE CITY 84121 2659
2 SAINT GEORGE 84770 1318
3 SANDY 84093 798
4 ST GEORGE 84770 543
5 WEST VALLEY CITY 84120 520
6 OGDEN 84403 475
7 WEST JORDAN 84084 448
8 WASHINGTON 84780 381
9 BOUNTIFUL 84010 363
10 OREM 84057 362
11 MURRAY 84117 309
12 LAYTON 84041 304
13 SOUTH JORDAN 84095 303
14 TAYLORSVILLE 84111 298
15 PROVO 84601 281
16 HURRICANE 84737 229
17 MIDVALE 84047 222
18 CEDAR CITY 84720 186
19 RIVERTON 84065 177
20 ROY 84067 166
21 IVINS 84738 157
22 LEHI 84043 156
23 MAGNA 84044 156
24 AMERICAN FORK 84003 156
25 DRAPER 84020 147
26 HOLLADAY 84117 136
27 TOOELE 84074 131
28 KEARNS 84118 128
29 SPRINGVILLE 84663 126
30 SPANISH FORK 84660 124

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!