Annapolis, Maryland has a somewhat competitive housing market. Homes typically go for 2% below listing price at an average sales price of $436,000. The average home value is around $447,436. At this value, a borrower in Annapolis with a fair credit score may be eligible for a loan upwards of $200,000.
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HUD-Approved Counseling Agencies in Annapolis, Maryland
| Counseling Agency Name | Phone number | Address | Website |
|---|---|---|---|
| SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION | (410) 342-3234 | SUITE 200 3323 EASTERN AVE BALTIMORE, MD 21224-4109 | www.southeastcdc.org |
| HARFORD COUNTY HOUSING AGENCY | (410) 638-3045 | 15 S MAIN ST STE 106 BEL AIR, MD 21014-8723 | www.harfordcountymd.gov |
| HOMEFREE - U S A | (301) 891-8400 | 3RD FLOOR6200 BALTIMORE AVENUE RIVERDALE, MD 20737-1054 | homefreeusa.org |
| HOUSING INITIATIVE PARTNERSHIP, INC. (HIP) | (301) 699-3835 | SUITE 555 6525 BELCREST ROAD HYATTSVILLE, MD 20782-2003 | hiphomes.org |
When you’re considering reverse mortgage companies in Maryland, you have to consider our reverse mortgage brokers. Our services are reputable, honest, and experienced. When it comes to something as complex as a jumbo reverse mortgage, you need our expertise. At South River Mortgage, we’ve been helping seniors with their jumbo reverse mortgages for years. Here’s what you need to know about our services in Annapolis, MD.
If you’re worried about making ends meet in your retirement, then a jumbo reverse mortgage in Annapolis, MD may be exactly what you need. A reverse mortgage is a loan that’s taken out against your home’s equity. This is a loan that you don’t have to pay back during your lifetime for as long as you remain in the home.
Instead, you are given the choice between cash out at closing, monthly installments, or a line of credit based on your age and the equity you have in your home. That’s money you can use to do anything from paying bills to investing. It’s yours to decide what to do with it.
Taking out a reverse mortgage is a typically sound financial plan because most seniors don’t plan on moving from their homes. As a result, the equity in their home goes to waste. A jumbo reverse mortgage in Annapolis, MD gives you the chance to access that money.
We know there are plenty of companies out there who want to give you a loan. Yet those companies also carry with them high rates or hidden costs. Just like with any other loan, your jumbo reverse mortgage in Annapolis, MD must have a low rate. The lower the rate, the more proceeds you can access at closing.
Our reverse mortgage brokers always have the lowest rate in the area. Our goal is to help seniors achieve wealth, not take advantage of them.
Another reason you should choose our jumbo reverse mortgage services is because of our experience. We’ve been helping retired seniors for years apply for and qualify for a mortgage. If something is wrong, then you can trust our team to set it right.
Finally, we have various types of loans. Depending on what you intend to use your jumbo reverse mortgage for, you may find certain policies are better than others. We’ll help you find the best one for your needs.
If you want the best equity loan options possible, then you need to come to our lenders. Give us a call today to see how we can help you and answer your questions.
Why South River Mortgage?
South River Mortgage is a leader in reverse mortgages in Los Angeles, California. South River Mortgage has an expert staff of loan advisors and always gives back to the community.
Proprietary Loan Programs
South River Mortgage has many proprietary loan programs that allow South River Mortgage to qualify many borrowers who would otherwise be ineligible or denied for a reverse mortgage loan. For this reason, South River Mortgage is a top rated reverse mortgage company
South River Mortgage Gives Back
We believe in giving back to the communities we operate in, and we believe in helping seniors. This is why South River Mortgage sponsors hundreds of AARP memberships annually and participates in company-wide volunteer days.
Expert Loan Advisors
All staff members treat clients as we would treat our own family members. Our expert loan advisors go through a thorough guided training program, complete continuing education annually, and are well-regarded as the experts in the field.
How a Reverse Mortgage Works
Speak to a Reverse Mortgage Advisor
Have questions about the reverse mortgage? Are you not sure if this is the right program for you? Speak with one of our trusted reverse mortgage advisors today
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© 2023 South River Mortgage, All Rights Reserved NMLS#1854524 1750 Forest Drive Suite #195, Annapolis, MD 21401. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
