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Tennessee Reverse Mortgage Lenders

Tennessee has been underserved by the reverse mortgage lenders. Only because of the recent trend in reverse mortgage loans have reverse mortgage companies in TN started to open up offices within the state. A lot of the loans are still done via online. The more populated cities popular among seniors are: Nashville, Davidson, Knoxville, Chattanooga, Clarksville, Jackson, Franklin, Hendersonville, Bartlett, Murfreesboro and of course anything with the Memphis metro area.

How to Quality for a Reverse Mortgage?

Seniors looking to qualify for a Tennessee reverse mortgage (also known as HECM, home equity conversion mortgage) should take advantage that no income or credit history factor into qualifying for a reverse mortgage. One of the most common reverse mortgage myth is that suffient income is necessary. There are still a few requirements that must be met. The government is considering revamping guidelines to use income as a qualifying metric in early 2013. Choosing different types of reverse mortgages such as the HECM Saver and HECM Standard.

Reverse Mortgage Lenders in TN

FirstBank Mortgage Partners

David Karcher
205-821-5905

IBERIABANK Mortgage Company

Andy Perotti
636-949-7979

New Castle Mortgage, LLC

Mike Holton
615-279-3476

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