Unlock Your Home’s Equity

Reverse mortgages are a booming business. Why? These uniquely designed financial tools offer homeowners age 62 and older the option to create cash income based on the equity that’s accumulated in their home. Seniors often use the cash income to supplement fixed incomes, pay off high interest debt, make needed home repairs and even ease the expenses of day-to-day costs.

FHA Loan Limits in Delaware and HUD Reverse Mortgages

Delaware, it’s a small state with three counties. The FHA mortgage limits, compared to other states, are higher than the average. Why do FHA limits matter? By far the most popular reverse mortgage in the country is the HUD Home Equity Conversion Mortgage, a federally insured product. Over 90% of reverse mortgage borrowers use the HECM—it’s well suited to most homeowners with an average home value. One of the qualifying factors for a HECM is the borrower’s local FHA limits. Your home may be valued at well over your county FHA limit, but with an HECM you’ll be limited to the FHA figure.

If you are looking to borrow with a federally insured HECM, find a reputable lender with the HUD-approved lender list.

Reverse Mortgage Costs in Delaware

Reverse mortgage borrowers in Delaware must be aware that even though there are no payments due on a reverse mortgage, state mortgage lenders still charge closing costs that may consist of lenders fees, appraisal, attorneys’ fees and title search.

Below is a list of a few of the leading reverse mortgage lenders you’ll find in Delaware.

Reverse Mortgage Providers for Delaware Borrowers

If you are a senior homeowner, reside in Delaware, and are looking to stay in your home, why not contact one of the many reverse mortgage lenders in your state and find out if a reverse mortgage is right for you?

Arlington Capital Mortgage

Arlington Capital Mortgage is a division of Arlington Capital. This direct mortgage lender provides both forward and reverse mortgages to Delaware seniors and is licensed in a handful of states. Arlington reverse mortgages are tax-free and available for seniors to use in any way they wish.

EverBank Reverse Mortgage

EverBank is one of the more popular reverse mortgage providers with offices located across the U.S. Borrowers may choose from three of the most common reverse mortgage products in use today: the federally insured Home Equity Conversion Mortgage (HECM), Fannie Mae Home Keeper, a close copy of the HECM, but with a little higher lending limit, and EverBank’s proprietary product, a jumbo Reverse Select mortgage. Over 90% of homeowners use the HECM, but those with very high-value homes often a loan such as Reverse Select is more appropriate.

Fulton Mortgage Company

This mortgage company does business in Delaware, and maintains limited offices in a number of other nearby states. Fulton Mortgage Company is an FHA-approved lender for the federally insured Home Equity Conversion Mortgage offered through the U.S. Department of Housing and Urban Development. The website offers current interest rates and information on other types of mortgage and refinancing products.


WSFS is a Delaware institution with a long history of providing residents with all types of financial solutions. Reverse mortgage lending is one small part of the bank’s mortgage business, but offers loyal customers a way to unlock the equity in their homes. Use the online reverse mortgage calculator, get the latest interest rates and explore other home refinance options.