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 1061 351960460
AMERICA FIRST FEDERAL CREDIT UNION 848 180768232
MOUNTAIN AMERICA CREDIT UNION 756 171219655
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 371 93931600
ACCESS MORTGAGE LLC 336 63550554
REPUBLIC MORTGAGE HOME LOANS LLC 331 83230781
AMERICAN ADVISORS GROUP 309 73571085
ENVISION LENDING GROUP INC 278 65638594
SUN WEST MORTGAGE CO INC 278 74362089
CITYWIDE HOME LOANS 227 61955041
FINANCE OF AMERICA REVERSE LLC 225 57683300
VERITAS FUNDING LLC 213 67504638
ONE REVERSE MORTGAGE LLC 205 48347800
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 772 260864501
AMERICAN ADVISORS GROUP 294 70198085
AMERICA FIRST FEDERAL CREDIT UNION 250 58346490
MOUNTAIN AMERICA CREDIT UNION 224 59511367
VERITAS FUNDING LLC 212 67329638
SUN WEST MORTGAGE CO INC 192 53512439
CITYWIDE HOME LOANS 145 41370061
FSI MORTGAGE LLC 134 33606837
REVERSE FREEDOM LLC 131 44299607
ONE REVERSE MORTGAGE LLC 129 33055800

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%

Top Cities in Utah by Total HECM Loans Originated

Rank City Zip Total
1 SALT LAKE CITY 84121 2632
2 SAINT GEORGE 84770 1289
3 SANDY 84093 778
4 ST GEORGE 84770 511
5 WEST VALLEY CITY 84120 505
6 OGDEN 84403 469
7 WEST JORDAN 84084 436
8 WASHINGTON 84780 366
9 BOUNTIFUL 84010 358
10 OREM 84057 357
11 MURRAY 84117 304
12 LAYTON 84041 297
13 TAYLORSVILLE 84111 295
14 SOUTH JORDAN 84095 295
15 PROVO 84601 278
16 MIDVALE 84047 220
17 HURRICANE 84737 217
18 CEDAR CITY 84720 179
19 RIVERTON 84065 169
20 ROY 84067 162
21 MAGNA 84044 153
22 LEHI 84043 152
23 IVINS 84738 152
24 AMERICAN FORK 84003 148
25 DRAPER 84020 142
26 HOLLADAY 84117 133
27 TOOELE 84074 130
28 KEARNS 84118 125
29 SPRINGVILLE 84663 122
30 KAYSVILLE 84037 121

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!