How to Choose a Reverse Mortgage Program
August 31, 2022
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Overview With many reverse mortgage options on the market, it can be difficult to understand which program is right for you. In this article, we
Ocean City Reverse Mortgage Lender
Ocean City, Maryland Reverse Mortgage Lender
Located between the Atlantic Ocean and the Isle of Wight Bay, the beach town of Ocean City, Maryland has a somewhat competitive housing market. Homes typically go for 4% below listing price at an average sales price of $240,000. The average home value is around $274,527. At this value, a borrower in Ocean City with a fair credit score may be eligible for a loan upwards of $100,000.
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HUD-Approved Counseling Agencies in Ocean City, 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 |
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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