As you know, the mortgage is right designed for homeowners over 62 to use their home equity to make money. And there is no requirement of payments if you still live in your home. You can use it to pay for various expenses. In a word, it is a special type of FHA loans. Where to find the best Reverse Mortgages in AR?
List of Banks and Credit Unions Offering Reverse Mortgages in AR
Delta Trust & Bank offers Reverse Mortgages to senior homeowners over 62 to borrow tax-free money against their home equity in a smart way. You’ll not need to make any repayments until you leave the home permanently. The bank has branch in Parkdale, Wilmot, Eudora, Fayetteville, Hamburg, Little Rock, Bella Vista, AR.
Malvern National Bank serves in several areas of AR including Benton, Bryant, Malvern, Little Rock, Hot Springs and Sheridan. So you can access one of the mentioned offices to apply for the special FHA loans.
Suntrust Bank is committed to offering many types of mortgages including Fixed rate loans, Adjustable rate loans, Affordable lending programs, Government loans, Jumbo mortgages and reverse mortgages in several states. The bank has branches in Marion and West Memphis, AR.
Iberiabank‘s reverse mortgage is a good solution for senior Americans over 62 to use their home equity to make cash. The bank has branch offices in Bentonville, Little Rock, Tuckerman, Pocahontas, Walnut Ridge, Bella Vista, Imboden, Pocahontas, Bryant, Hardy, Newport, Hoxie, Fayetteville, Corning, Paragould, Lake City, Marked Tree, Jonesboro, Hardy, Rogers, Jonesboro and Springdale, AR.
Evolve Bank & Trust: Brinkley, Parkin, West Memphis, Wynne, Arkansas
With a history of 110 years, ENG Lending provides the best mortgages with simple process and quick approvals in the state of AR. You can learn more details at the site of www.englending.com or call them at 866-878-2265.