Unlock Your Home Equity in Utah
Utah homeowners age 62+ can access their home equity with no monthly mortgage payments. Learn how a reverse mortgage can supplement your retirement income and help you stay in the home you love.
See If You QualifyHow It Works
The reverse mortgage process has built-in consumer protections at every step.
Free Consultation
Tell us about your situation. We'll help you understand if a reverse mortgage is right for you and explain your options.
We Guide You Through
From HUD counseling to application, appraisal, and underwriting — we walk you through every step of the process.
Access Your Equity
Choose how to receive your funds — lump sum, monthly payments, line of credit, or a combination that fits your needs.
How Utah Homeowners Use Reverse Mortgages
A reverse mortgage can provide financial flexibility in retirement. Here are the most common uses.
Supplement Retirement Income
Convert your home equity into a steady monthly income stream to cover living expenses in retirement.
Eliminate Mortgage Payments
Pay off your existing mortgage and eliminate monthly payments, freeing up cash for other priorities.
Stay in Your Home
Age in place in the home you love without the financial pressure of a monthly mortgage payment.
Line of Credit
Set up a growing line of credit you can draw from when needed — a financial safety net for unexpected expenses.
Home Improvements
Fund renovations, accessibility modifications, or repairs to make your home safer and more comfortable.
Healthcare Expenses
Cover medical bills, long-term care costs, or in-home care services not covered by insurance.
Your Trusted Utah Reverse Mortgage Resource
We help Utah homeowners navigate the reverse mortgage process with clear guidance and no pressure. Whether you're in Salt Lake City, Provo, St. George, Ogden, or anywhere in Utah, we're here to help.
A reverse mortgage is a significant financial decision. We believe you deserve honest, thorough information so you can decide with confidence whether it's right for your situation.
- Licensed and experienced in Utah reverse mortgages
- Free, no-obligation consultations
- Help with HUD counseling and application
- Clear explanation of costs, terms, and alternatives
- Guidance on how reverse mortgages affect heirs and estate
- Support from first conversation through closing
Reverse Mortgages & Utah's Housing Market
Utah's real estate market has seen significant growth over the past decade. For homeowners who have lived in their homes for 10, 20, or 30+ years, that growth means substantial equity — equity that can be accessed through a reverse mortgage without selling your home.
Whether you own a home in the Wasatch Front, Utah Valley, Cache Valley, or Southern Utah, your home equity may be one of your most valuable retirement assets. A reverse mortgage allows you to tap into that asset while continuing to live in and own your home.
Utah has no state-specific restrictions on reverse mortgages beyond federal HECM requirements. Property taxes in Utah are relatively moderate compared to many states, which helps keep the ongoing costs of a reverse mortgage manageable.
With the current HECM lending limit of $1,149,825 and Utah's strong home values, many homeowners across the state have significant equity available to access.
Frequently Asked Questions
Common questions from Utah homeowners about reverse mortgages.
A reverse mortgage allows Utah homeowners age 62 and older to convert part of their home equity into cash without selling their home or making monthly mortgage payments. The most common type is the HECM (Home Equity Conversion Mortgage), which is insured by FHA. The loan is repaid when you sell the home, move out permanently, or pass away.
The amount depends on your age (older borrowers qualify for more), your home's appraised value, and current interest rates. Generally, you can access 40-70% of your home's value. With Utah's strong housing market, many homeowners have significant equity available. The current HECM lending limit is $1,149,825.
Yes. You retain full ownership and title to your home. A reverse mortgage is a lien — just like a traditional mortgage. You must continue paying property taxes, homeowner's insurance, and maintain the home, but you make no monthly mortgage payments.
Yes. Before applying for a HECM reverse mortgage, you must complete a counseling session with a HUD-approved housing counselor. This is a consumer protection to ensure you understand the terms, costs, and alternatives. The session can be done in person or by phone and is free or low-cost.
No. Reverse mortgage proceeds are considered loan advances, not income, so they are not subject to federal or Utah state income tax. They also generally do not affect Social Security or Medicare benefits. However, they may impact needs-based programs like Medicaid. Consult a tax advisor for your specific situation.
If both spouses are 62 or older and listed as borrowers, the surviving spouse can remain in the home with all the same protections. If one spouse is under 62 (a "non-borrowing spouse"), current HECM rules provide protections that allow them to stay in the home after the borrowing spouse passes, though the available loan amount may be lower.