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Use this menu to find other Eldercare Services in your area |
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Nebraska Reverse Mortgages |
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Auburn NE - Nebraska reverse mortgage -- Mortgage Assistance Corporation , Nemaha County Click to request assistance
Beatrice NE - Nebraska home equity loan -- Allied Home Mortgage Capital Corporation , Gage County Click to request assistance
Beatrice NE - Nebraska reverse mortgage -- First National Bank & Trust Company Of Beatrice, The (Inc) , Gage County Click to request assistance
Bellevue NE - Nebraska home equity loan -- Powerhouse Gym Aerobic And Fitness Center , Sarpy County Click to request assistance
Bellevue NE - Nebraska reverse mortgage -- Teambank Na , Sarpy County Click to request assistance
Bellevue NE - Nebraska home equity loan -- Teambank Na , Sarpy County Click to request assistance
Blair NE - Nebraska reverse mortgage -- Equitable Mortgage Of Nebraska , Washington County Click to request assistance
Blair NE - Nebraska home equity loan -- Lincoln Federal Savings Bank , Washington County Click to request assistance
Brainard NE - Nebraska reverse mortgage -- First Nebraska Bank , Butler County Click to request assistance
Chadron NE - Nebraska home equity loan -- First National Bank North Platte , Dawes County Click to request assistance
Chappell NE - Nebraska reverse mortgage -- First National Bank , Deuel County Click to request assistance
Coleridge NE - Nebraska home equity loan -- Security National Bank , Cedar County Click to request assistance
Columbus NE - Nebraska reverse mortgage -- Nebraska Energy Federal Credit Union , Platte County Click to request assistance
Columbus NE - Nebraska home equity loan -- Columbus Bank & Trust Co , Platte County Click to request assistance
Columbus NE - Nebraska reverse mortgage -- Neighborworks Northeast Nebraska , Platte County Click to request assistance
Columbus NE - Nebraska home equity loan -- First Nebraska Bank , Platte County Click to request assistance
Elkhorn NE - Nebraska reverse mortgage -- Charterwest National Bank , Douglas County Click to request assistance
Fairbury NE - Nebraska home equity loan -- First National Bank Of Fairbury , Jefferson County Click to request assistance
Fort Calhoun NE - Nebraska reverse mortgage -- Teambank N A , Washington County Click to request assistance
Fremont NE - Nebraska home equity loan -- First State Bank , Dodge County Click to request assistance
Fremont NE - Nebraska reverse mortgage -- First State Bank , Dodge County Click to request assistance
Gering NE - Nebraska home equity loan -- First State Bank , Scotts Bluff County Click to request assistance
Gering NE - Nebraska home equity loan -- Valley Bank & Trust Co , Scotts Bluff County Click to request assistance
Grand Island NE - Nebraska reverse mortgage -- Equitable Bank , Hall County Click to request assistance
Grand Island NE - Nebraska home equity loan -- Union Bank & Trust Co , Hall County Click to request assistance
Grand Island NE - Nebraska reverse mortgage -- Citifinancial , Hall County Click to request assistance
Grand Island NE - Nebraska home equity loan -- Five Points Bank , Hall County Click to request assistance
Grand Island NE - Nebraska reverse mortgage -- Nebraska Mortgage Association , Hall County Click to request assistance
Grand Island NE - Nebraska home equity loan -- Equitable Bank , Hall County Click to request assistance
Grand Island NE - Nebraska reverse mortgage -- Charterwest National Bank Mortgage Center , Hall County Click to request assistance
Gretna NE - Nebraska home equity loan -- Pinnacle Bank , Sarpy County Click to request assistance
Hastings NE - Nebraska home equity loan -- Home Federal Bank , Adams County Click to request assistance
Hastings NE - Nebraska reverse mortgage -- Five Points Bank , Adams County Click to request assistance
Hastings NE - Nebraska home equity loan -- Hastings State Bank , Adams County Click to request assistance
Hastings NE - Nebraska reverse mortgage -- Major Mortgage Company , Adams County Click to request assistance
Hickman NE - Nebraska home equity loan -- First State Bank , Lancaster County Click to request assistance
Kearney NE - Nebraska reverse mortgage -- Five Points Bank , Buffalo County Click to request assistance
Kearney NE - Nebraska home equity loan -- Geneva State Bank , Buffalo County Click to request assistance
Kearney NE - Nebraska reverse mortgage -- Citifinancial Credit Company , Buffalo County Click to request assistance
Kearney NE - Nebraska home equity loan -- Town & Country Bank , Buffalo County Click to request assistance
La Vista NE - Nebraska home equity loan -- Mortgage Express , Sarpy County Click to request assistance
La Vista NE - Nebraska reverse mortgage -- Cbs Home Mortgage , Sarpy County Click to request assistance
La Vista NE - Nebraska home equity loan -- Northwest Bank , Sarpy County Click to request assistance
La Vista NE - Nebraska reverse mortgage -- Charter West National Bank Mortgage Center , Sarpy County Click to request assistance
Lexington NE - Nebraska home equity loan -- Charter West National Bank Mortgage Center , Dawson County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Lincoln Federal Savings Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Nebraska Housing Resource , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Bar-None Housing Llc , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Tierone Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Beacon Business Solutions, Inc. , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Cornhusker Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Bancwise Real Estate Services , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Capital City Mortgage , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Lincoln Federal Savings Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Lincoln Mortgage, Inc , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Spirit Of American Federal Credit Union , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Union Bank & Trust Company , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Tierone Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Hamilton Lending , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- First Source Mortgage Corp , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- American National Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- American General Financial Svc , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Bell Mortgage , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- First Mortgage Company , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Midwest Family Lending , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Mortgagelinc , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Union Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Liberty First Credit Union , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Flagstar Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Neuco Inc , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Security First , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Cornhusker Bank Mortgage Center , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- West Gate Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Union Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska home equity loan -- Union Bank , Lancaster County Click to request assistance
Lincoln NE - Nebraska reverse mortgage -- Wahoo State Bank , Lancaster County Click to request assistance
Martell NE - Nebraska home equity loan -- Security First , Lancaster County Click to request assistance
Murray NE - Nebraska reverse mortgage -- Murray State Bank , Cass County Click to request assistance
Nebraska City NE - Nebraska home equity loan -- American National Bank , Otoe County Click to request assistance
Nebraska City NE - Nebraska home equity loan -- Professional Mortgage Services , Otoe County Click to request assistance
Nebraska City NE - Nebraska reverse mortgage -- Farmers Bank & Trust , Otoe County Click to request assistance
Nebraska City NE - Nebraska home equity loan -- Affordable Benefits & Insurance , Otoe County Click to request assistance
Nebraska City NE - Nebraska reverse mortgage -- Otoe County Bank & Trust Company , Otoe County Click to request assistance
Norfolk NE - Nebraska home equity loan -- Stanton National Bank , Madison County Click to request assistance
Norfolk NE - Nebraska reverse mortgage -- Wells Fargo Financial , Madison County Click to request assistance
Norfolk NE - Nebraska home equity loan -- Mortgage Express Inc , Madison County Click to request assistance
Norfolk NE - Nebraska reverse mortgage -- Tierone Bank , Madison County Click to request assistance
North Platte NE - Nebraska home equity loan -- Adams Bank & Trust , Lincoln County Click to request assistance
North Platte NE - Nebraska home equity loan -- Wells Fargo Home Mortgage , Lincoln County Click to request assistance
North Platte NE - Nebraska reverse mortgage -- American Mortgage Company , Lincoln County Click to request assistance
Omaha NE - Nebraska home equity loan -- MetLife Bank, Jody Smythe, Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Foundation Capital Partners , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Freedom Lending Llc , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Hemenway Associates, Inc. , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Citywide Mortgage Assoc , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Cbshome Real Estate Co Cbshome Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Amerisphere Multifamily Finance Llc , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- First Mortgage Co Llc , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Security Federal , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Acceptance Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Omaha State Bank , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Enterprise Bank Na , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Residential Mortgage Services Incorporated , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Pinnacle Bank , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Team Media & Marketing , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Courtesy Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- First Westroads Bank Inc , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Mortgage Store, Inc. , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Seasons Inc , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Insight Financial Group I , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Regent Financial Group Inc , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Aslan Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Bank Of America Refinance , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Wells Fargo Home Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- First Community Bank , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Centris Federal Credit Union , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Eagle Mortgage Co , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Daisley Ruff Financial , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Amerifirst , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Fairway Independent Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Wells Fargo Financial , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Diamond Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Matrix Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- American General Financial Svc , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Tierone Bank , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- First Capital Mortgage, Llc , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- National City Corporation , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- U.S. Bank National Association , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Rotella Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- First Stop Mortgage , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- Mutual First Federal Cu , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Federal Home Loan Bank , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- The Lending Center , Douglas County Click to request assistance
Omaha NE - Nebraska home equity loan -- Tierone Bank , Douglas County Click to request assistance
Omaha NE - Nebraska reverse mortgage -- American National Bank , Douglas County Click to request assistance
Oneill NE - Nebraska home equity loan -- Tierone Bank , Holt County Click to request assistance
Ord NE - Nebraska home equity loan -- Pathway Bank , Valley County Click to request assistance
Ord NE - Nebraska reverse mortgage -- Fist National Bank , Valley County Click to request assistance
Papillion NE - Nebraska home equity loan -- Pinnacle Bank , Sarpy County Click to request assistance
Papillion NE - Nebraska reverse mortgage -- Mortgage Group Llc , Sarpy County Click to request assistance
Petersburg NE - Nebraska home equity loan -- Joseph L Luettel , Boone County Click to request assistance
Plattsmouth NE - Nebraska reverse mortgage -- Cass County Bank , Cass County Click to request assistance
Plattsmouth NE - Nebraska home equity loan -- Sac Federal Credit Union , Cass County Click to request assistance
Plattsmouth NE - Nebraska reverse mortgage -- American National Bank , Cass County Click to request assistance
Roca NE - Nebraska home equity loan -- State Bank Of Table Rock Roca Branch , Lancaster County Click to request assistance
Sargent NE - Nebraska reverse mortgage -- First National Bank , Custer County Click to request assistance
Scottsbluff NE - Nebraska home equity loan -- Platt Valley National Mortgage Company , Scotts Bluff County Click to request assistance
Scottsbluff NE - Nebraska reverse mortgage -- K & K Mortgage And Financial Services , Scotts Bluff County Click to request assistance
Scottsbluff NE - Nebraska home equity loan -- Mountain Pacific Mortgage , Scotts Bluff County Click to request assistance
Scottsbluff NE - Nebraska reverse mortgage -- Country Home Loans , Scotts Bluff County Click to request assistance
Seward NE - Nebraska home equity loan -- Jones National Bank & Trust Company , Seward County Click to request assistance
South Sioux City NE - Nebraska reverse mortgage -- Absolute Lending Group Inc , Dakota County Click to request assistance
South Sioux City NE - Nebraska home equity loan -- Siouxland Federal Credit Union , Dakota County Click to request assistance
Sterling NE - Nebraska reverse mortgage -- First National Bank , Johnson County Click to request assistance
Superior NE - Nebraska home equity loan -- Horizon Bank , Nuckolls County Click to request assistance
Superior NE - Nebraska home equity loan -- Central National Bank , Nuckolls County Click to request assistance
Sutton NE - Nebraska reverse mortgage -- Sutton State Bank , Clay County Click to request assistance
Tecumseh NE - Nebraska home equity loan -- Farmers Bank Of Cook , Johnson County Click to request assistance
Valley NE - Nebraska reverse mortgage -- First Nebraska Bank , Douglas County Click to request assistance
Virginia NE - Nebraska home equity loan -- Farmers Bank Of Cook , Gage County Click to request assistance
Wahoo NE - Nebraska reverse mortgage -- Wahoo State Bank , Saunders County Click to request assistance
Wahoo NE - Nebraska home equity loan -- First National Bank , Saunders County Click to request assistance
Waverly NE - Nebraska reverse mortgage -- Horizon Bank , Lancaster County Click to request assistance
Wayne NE - Nebraska home equity loan -- Homestead Capital Co Inc , Wayne County Click to request assistance
York NE - Nebraska reverse mortgage -- York State Bank And Trust Company , York County Click to request assistance
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Contact Nebraska Reverse Mortgage Services
 For the convenience of the public, care providers are listed on this page to show services available in a particular area. We cannot verify the business practice or the background of providers listed on this page. As a result, we do not provide contact information. Members of the Nebraska Care Planning Council, listed on this site, have agreed to abide by a code of ethics. If you wish to contact a member of the Nebraska Care Planning Council regarding any of the eldercare services listed on this page, please fill out the form below and a council member will contact you. Please be aware that your information may be shared with other members of the Care Planning Council who might be able to help you as well. Read Our Disclaimer.
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About Reverse Mortgages
For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home-equity loan. But a conventional loan really doesn't free up the equity because the money has to be paid back with interest.
A reverse mortgage is a risk-free way of tapping into home equity without creating monthly payments and without requiring the money to be paid back during a person's lifetime. Instead of making payments the cash flow is reversed and the senior receives payments from the bank. Thus the title "reverse mortgage".
Many seniors are finding they can use a reverse mortgage to pay off an existing conventional mortgage, to create money for a down payment for a second home or to pay off debt. Popularity is skyrocketing. Over the last five years the number of reverse mortgages nationwide has tripled. The uses of this untapped wealth are only limited by a person's imagination.
For those seniors who are less fortunate but own a home, a reverse mortgage can allow them to remain in the home by creating extra income. It can also allow for remodeling or repairs and when the time comes to sell, the investment in the home can make it more valuable.
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About Reverse Mortgages
For many seniors the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home-equity loan. But a conventional loan really doesn't free up the equity because the money has to be paid back with interest.
A reverse mortgage is a risk-free way of tapping into home equity without creating monthly payments and without requiring the money to be paid back during a person's lifetime. Instead of making payments the cash flow is reversed and the senior receives payments from the bank. Thus the title "reverse mortgage".
Many seniors are finding they can use a reverse mortgage to pay off an existing conventional mortgage, to create money for a down payment for a second home or to pay off debt. Popularity is skyrocketing. Over the last five years the number of reverse mortgages nationwide has tripled. The uses of this untapped wealth are only limited by a person's imagination.
For those seniors who are less fortunate but own a home, a reverse mortgage can allow them to remain in the home by creating extra income. It can also allow for remodeling or repairs and when the time comes to sell, the investment in the home can make it more valuable.
False Beliefs
- "The lender could take my house." The homeowner retains full ownership. The Reverse Mortgage is just like any other mortgage; you own the title and the bank holds a lien. You can pay it off anytime you like.
- "I can be thrown out of my own home." Homeowners can stay in the home as long as they live, with no payment requirement.
- "I could end up owing more than my house is worth." The homeowner can never owe more than the value of the home at the time the loan is due.
- "My heirs will be against it." Experience demonstrates heirs are in favor of Reverse Mortgages.
Virtually anyone can qualify. You must be at least 62, own and live in, as a primary residence, a home [1-4 family residence, condominium, co-op, permanent mobile home, or manufactured home] in order to qualify for a reverse mortgage.
There are no income, asset or credit requirements. It is the easiest loan to qualify for.
A reverse mortgage is similar to a conventional mortgage. As an example:
- The bank does not own the home but owns a lien on the property just as with any other mortgage
- You continue to hold title to the property as with any other mortgage
- The bank has no recourse to demand payment from any family member if there is not enough equity to cover paying off the loan
- There is no penalty to pay off the mortgage early
The proceeds from a reverse mortgage are tax-free and can be used for any legal purpose you wish:
- daily living expenses
- home repairs and improvements
- medical bills and prescription drugs
- pay-off of existing debts
- education, travel
- long-term care and/or long-term care insurance
- financial and estate tax plans
- gifts and trusts
- to purchase life insurance
- or any other needs you may have.
The amount of reverse mortgage benefit for which you may qualify, will depend on
- your age at the time you apply for the loan,
- the reverse mortgage program you choose,
- the value of your home, current interest rates,
- and for some products, where you live.
As a general rule, the older you are and the greater your equity, the larger the reverse mortgage benefit will be (up to certain limits, in some cases). The reverse mortgage must pay off any outstanding liens against your property before you can withdraw additional funds.
The loan is not due and payable until the borrower no longer occupies the home as a principal residence (i.e. the borrower sells, moves out permanently or passes away). At that time, the balance of borrowed funds is due and payable, all additional equity in the property belongs to the owners or their beneficiaries.
There are three reverse mortgage loan products available, the FHA - HECM (Home Equity Conversion Mortgage), Fannie Mae - HomeKeeper®, and the Cash Account programs. Over 90% of all reverse mortgages are HECM contracts.
The costs associated with getting a reverse mortgage are similar to those with a conventional mortgage, such as the origination fee, appraisal and inspection fees, title policy, mortgage insurance and other normal closing costs. With a reverse mortgage, all of these costs will be financed as part of the mortgage prior to your withdrawal of additional funds.
You must participate in an independent Credit Counseling session with a FHA-approved counselor early in the application process for a reverse mortgage. The counselor's job is to educate you about all of your mortgage options. This counseling session is at no cost to the borrower and can be done in person or, more typically, over the telephone. After completing this counseling, you will receive a Counseling Certificate in the mail which must be included as part of the reverse mortgage application.
You can choose 3 options to receive the money from a reverse mortgage:
1) all at once (lump sum);
2) fixed monthly payments (for up to life);
3) a line of credit; or a combination of a line of credit and monthly payments. The most popular option, chosen by more than 60 percent of borrowers, is the line of credit, which allows you to draw on the loan proceeds at any time.
Keeping money in a reverse mortgage line of credit in most states will not count as an asset for Medicaid eligibility as this would be considered a loan and not a resource for Medicaid spend down. However transferring the money to an investment or to a bank account would represent an asset and would trigger a spend down requirement. Please note however that distinguishing between what portion of reverse mortgage proceeds might be counted as a loan and what portion as an asset is not a simple black and white decision. It is best to get an opinion from an elder attorney in your state.
If a senior homeowner chooses to repay any portion of the interest accruing against his borrowed funds, the payment of this interest may be deductible (just as any mortgage interest may be). A reverse mortgage loan will be available to a senior homeowner to draw upon for as long as that person lives in the home. And, in some cases, the lender increases the total amount of the line of credit over time (unlike a traditional Home Equity Line whose credit limit is established at origination). If a senior homeowner stays in the property until he or she dies, his or her estate valuation will be reduced by the amount of the debt.
At the death of the last borrower or the sale of the home, the loan is repaid from equity in the home. Any remaining equity (which is often the case) goes to the heirs. Almost all reverse mortgages are the HECM loan which is guaranteed by FHA mortgage insurance. If there is not enough equity to cover the loan, the insurance satisfies the loan by paying the deficit. With a HECM loan, the bank will never come after the heirs to satisfy the mortgage obligation.
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