Sunrise Manor Nevada Reverse Mortgage

Your Sunrise Manor Reverse Mortgage Guide

Welcome to Sunrise Manor

Are you a homeowner in Sunrise Manor looking for financial support in retirement? A reverse mortgage home loan may be the solution you’ve been seeking. This type of loan allows homeowners aged 62 and older to access their home equity without the obligation to make monthly payments. Instead, the loan is repaid when the borrower sells the home or passes away. Reverse mortgage loans can provide a stable financial foundation and allow seniors to age in place with the comfort and security of their own home.

Reverse Mortgage

Explore the possibilities of a Reverse Mortgage! Free yourself from worrying about monthly bills and take back control of your financial future. With a Reverse Mortgage, you can unlock the power of your home’s equity while maintaining ownership of your home. Find out today how you can start on the road to financial freedom.

Learn More about a Reverse Mortgage

Reverse Mortgage for Purchase

Did you know you can use a reverse mortgage to purchase a new home? A reverse mortgage for purchase allows seniors to buy a new home without making any monthly mortgage payments. Instead of getting an upfront lump sum payment like other reverse mortgages, the loan is used to purchase a new primary residence.

Learn More about a Reverse Mortgage for Purchase

HECM to HECM Refinance

A HECM (Home Equity Conversion Mortgage) to HECM refinance, also known as a HECM loan refinance, is a type of reverse mortgage that allows a borrower to refinance an existing HECM loan with a new one. This can be beneficial for several reasons, such as lowering your interest rate, changing the loan terms, accessing additional equity, and improving your financial situation.

Learn More about a HECM to HECM Refinance

Cash Out Reverse Mortgage

A Reverse Mortgage allows you to take cash out of your house and use the equity in your home for the things you want. You can receive your cash as a lump sum, fixed monthly payment, or line of credit.

Learn More about a Cash Out Reverse Mortgage

Jumbo Reverse Mortgage

A Jumbo Reverse Mortgage is a reverse mortgage that allows homeowners to borrow more money than allowed with a traditional HECM reverse mortgage. This is because a Jumbo Reverse Mortgage is not limited by the same lending limits set by the Federal Housing Administration (FHA) for standard HECM loans. With a Jumbo Reverse Mortgage, you can access more of the equity in your high-value home.

Learn More about a Jumbo Reverse Mortgage

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Sunrise Manor Approved Reverse Mortgage Counseling Agencies

HUD Approved HECM Counseling Agencies

The following is the internet website address and telephone number provided by HUD for the purposes of acquiring HECM counseling:

National Counseling Agencies

ClearPoint Financial Solutions
(800) 251-2227
https://www.clearpoint.org/

Money Management International
(877) 908-2227
https://www.moneymanagement.org/

Credit.org
(800) 947-3752
https://www.homeownership.org/

National Foundation for Credit Counseling
(866) 698-6322
https://www.nfcc.org/

Greenpath
(888) 860-4167
https://www.greenpath.com/

Navicore
(866) 855-7736
https://navicoresolutions.org/

Guidewell Financial Solutions
(800) 882-6171
https://www.guidewellfs.org/

NeighborWorks America
(202) 760-4000
https://www.neighborworks.org/

Housing Options Provided for the Elderly (HOPE)
(844) 432-6467
https://hopeforseniorsstl.org/

Nevada Counseling Agencies

NAVICORE SOLUTIONS- HENDERSON, NV
Agency ID: 83168
Address: 2298 W HORIZON RIDGE PKWY STE 109
HENDERSON, NV 89052-2697
Phone: (866) 472-4557
Website: https://www.navicoresolutions.org


Agency Name: NEIGHBORHOOD HOUSING SERVICES OF SOUTHERN NEVADA
Agency ID: 84593
Address: 1849 CIVIC CENTER DR
NORTH LAS VEGAS, NV 89030-7131
Phone: (702) 649-0998
Website: https://www.mynhssn.org

Sunrise Manor Nevada Frequently Asked Questions

How does a Reverse Mortgage work in Sunrise Manor Nevada?

A reverse mortgage in Sunrise Manor, Nevada, works similarly to a reverse mortgage in other parts of the country. The basic principle is that it allows homeowners 62 years of age or older to borrow money against the equity in their home without having to make monthly payments. Instead, the loan becomes due when the borrower moves out of the house permanently, sells the home, or passes away.

To obtain a reverse mortgage in Sunrise Manor, Nevada, the borrower must meet with a reverse mortgage lender and go through a counseling session to ensure that a reverse mortgage is a suitable choice for them. The lender will also appraise the home to determine its value and the amount the borrower is eligible to borrow.

Do I make mortgage payments on my Reverse Mortgage in Sunrise Manor?

No, you do not have to make payments on your reverse mortgage. You are still obligated to pay your property taxes, homeowners insurance, general home maintenance and upkeep, and any HOA fees, if applicable. The benefit of a reverse mortgage is that you do not have to make a regular monthly mortgage payment.

What qualifies for a reverse mortgage in Sunrise Manor?

A reverse mortgage loan is only available to seniors who are age 62 or older. This type of loan has been designed to help provide a solution to allow seniors access to equity in their homes while still living there. To qualify for a reverse mortgage, you must:

  • The youngest borrower on the loan must be 62 years old or older
  • Having an existing mortgage loan balance is OK as long as there is sufficient equity in the home
  • It must be your primary residence, not rental homes or vacation homes
  • Reverse mortgage loans are available as refinance or purchase loans.

How do I receive my money when I get a reverse mortgage?

With a Reverse Mortgage, borrowers have the flexibility to choose how they want to receive their loan proceeds. This can include receiving the funds in one lump sum, periodically accessing them through a line of credit, receiving regular monthly payments, or a combination of these options. Speak with a licensed Reverse Mortgage Lender to discuss your options.

About Sunrise Manor Nevada

Welcome to Sunrise Manor, Nevada! This vibrant city is located in the heart of the Las Vegas Valley and is home to over 100,000 people. It's a place where you can experience the best of both worlds - the hustle and bustle of the city and the serenity of the desert.

Sunrise Manor was founded in 1957 and has a rich history. The city is known for its diverse culture, with many different ethnic backgrounds represented. It's a great place to explore, with plenty of parks, community centers, and entertainment venues.

If you're looking for a great place to take the kids, Sunrise Manor has plenty of options. The city is home to several schools, including the Sunrise Manor Elementary School and the Sunrise Manor High School. There are also plenty of parks and community centers, such as the Sunrise Manor Community Center, where you can take part in a variety of activities.

Sunrise Manor is a great place to visit for all ages. Whether you're looking for a day of fun in the sun or a night of entertainment, you'll find something to do in Sunrise Manor. So come explore all that Sunrise Manor has to offer - you won't regret it!

Things To Do In Sunrise Manor

Sunrise Manor, NV Neighborhoods

Winterwood, Orchards, South Christy, State Streets, PBS,

Top Sights in Sunrise Manor, NV


East Carey Avenue

East Sahara Avenue

North Los Feliz Street

East Lake Mead Boulevard

South Wesley Street

Desert Sun Drive

Via Margarita Avenue

Sam's Town Hotel & Gambling Hall

Palm Street

La Puente Street

Idlewood Avenue

Anglia Street

Silverheart Avenue

East New York Avenue

Colbath Street

Sheltering Pines Street

Diego Drive

Angel Falls Street

Country Manor Lane

South Nellis Boulevard

The Church of Jesus Christ of Latter-day Saints

Mystic Falls Park

Hollywood Regional Park

Krissylouise Way

Alicialynn Way

North Walnut Road

Cloverdale Avenue

Cohasset Street

Legato Falls Street

North Fogg Street

Pacific Shores Drive

Dover Straight Street

Lewis Family Park

Tierra Del Verde Street

Orchard Lane

Isle Royale Drive

Sir George Drive

Cane Hill Drive

Mahogany Run Place

North Pecos Road

Juniper Hills Boulevard

Cedar Breaks Avenue

Shirebrook Drive

Cary Grant Court

Haleakala Drive

Teardrop Street

Sesame Drive

East Pohickery Court

Tres Piedras Road

Sierra Sunrise Street

Cactus Hill

Searchlight Drive

Beisner Street

Comitan Lane

Linden Avenue

Waynesvill Street

Radwick Drive

Rio Arriba Drive

Peanut Court

Hollywood Aquatic Center

Starridge Way

East Idaho Avenue

North Luna Alegre Street

Lone Butte Drive

Honey Lake Street

Paradise Valley Avenue

Walton Heath Avenue

Shadow Rock Park

Limekin Circle

Alexander Villas Park

Clark County Wetlands Park

Frenchman Mountain Trailhead

Century 21 Americana

Sunrise Vista Golf Course

United States Air Force Thunderbirds

Nevada Buddhist Temple

Walnut Water Park

Warhawk Avenue

East Fremont Street

Frenchman Mountain

East Bonanza Road

Sunrise Trailhead

Simply Vegas Real Estate

Urban Nest Realty

Cornel Realty

Eliezer "Eli" Mizrachi at Real Estate One, LLC - BS.0145901

Sunrise Mountain

LGI Homes - Pecos Crossings

Cabirolera Avenue

Nellis Dunes

Coldwell Banker Premier Realty

Street Names in Sunrise Manor, NV

28th Circle 3rd Place 5th Place 6th 8th Place A Street
Aardvark Walks Street Aarondavid Drive Abaca Court Abadan Street Abalone Bay Street Abalone Cove Drive
Abalone Shell Court Abalone Way Abanico Court Abano Court Abarth Street Abbeville Meadows Avenue
Abbeville River Court Abbey Door Court Abbey Drive Abbey Ridge Avenue Abbey Rose Court Abbeyville Drive
Abbeywood Drive Abbigal Court Abbington Street Abbotsbury Drive Abbotsford Circle Abbott Street

Sunrise Manor, NV Zip Codes

89101, 89104, 89110, 89115, 89121, 89122, 89142, 89156, 89191,

Reverse Mortgage Regulations

HUD – The United States Department of Housing and Urban Development is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. They state, “Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is a Home Equity Conversion Mortgage (HECM) which is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that lets you withdraw a portion of your home’s equity.”

Consumer Finance Protection Bureau – The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector. They state, “A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time.”

NMSL – The Nationwide Multi-State Licensing System and Registry is the record system for non-depository financial services licensing.

NRMLA – The National Reverse Mortgage Lenders Association (NRMLA) is a professional association that serves as an educational resource for the Reverse Mortgage community. The NRMLA was established in 1997 to promote professionalism and provide support and guidance to lenders and education borrowers. In addition, they prioritize educating consumers on the advantages and disadvantages of obtaining a reverse mortgage, ensuring borrowers make informed decisions.  They also provide training for mortgage professionals, enforce a code of ethics, and advise policymakers on reverse mortgage issues.

Reverse Mortgage Lenders near Sunrise Manor

Call us for a free, no-obligation consultation about your Reverse Mortgage options. One of our licensed professionals will answer your questions without the hassle of a sales pitch. You’ll learn what programs you may qualify for and discover the best options that will suit your situation.

We are proud to serve the residents of Sunrise Manor. We have been in the mortgage lending business since 2002 and would be happy to provide additional testimonials and references to clients we have worked with. We look forward to serving you and welcome the opportunity to meet and discuss your individual needs.

Reverse Mortgage Resource Center
Phone: 385-503-2224

Reverse Mortgage Resource Center – Sunrise Manor

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REVERSE MORTGAGE RESOURCE CENTER ~lIVE lIFE ON yOUR tERMS~


Our Lending Team has been serving our clients since 2004. We are passionate about serving our clients with integrity to help them achieve their financial goals.