Special Offerings
A very low fix rate with zero origination fee. This very special offer will save you thousands of dollars in closing fees. Learn more here.
Free Brochure
Have all the facts regarding a reverse mortgage at your finger tips. This comprehensive brochure is free. Learn more here.
Calculator
See your reverse mortgage options based upon your age and home value. We have provided a free online reverse mortgage calculator. Open the calculator here.
Know the Facts
We think you should know all the facts when choosing a Reverse Mortgage Company. Why a mortgage lender is your best selection. Get the facts here.
Why Use Harvard Home Mortgage for Your Reverse Mortgage
We have been in the mortgage industry since 1983.
You have three basic concepts to comprehend when considering a company for your reverse mortgage.
- Mortgage Lender or Mortgage Banker
- Commercial Banks
- Mortgage Broker
Please see the chart below for the distinctions for each type of company. Harvard Home Mortgage is proud to be a Mortgage Lender.
| Commercial Bank | Mortgage Lender | Mortgage Broker | |
|---|---|---|---|
| Company State Licensed | No | Yes | Yes |
| Loan Originators Licensed | No | Yes | Yes |
| State continuing Education for Loan originators | No | Yes | Yes |
| Maintain State Surety Bond | No | Yes | Yes * |
| Accept Applications | Yes | Yes | Yes |
| Underwrite loans | Yes | Yes | No |
| Close loans in their name | Yes | Yes | No |
*Bonds are lower for mortgage broker than mortgage lender
Our loan officers are licensed in each state where they originate loans. You will be surprised to discover that loan originators affiliated with commercial banks are not licensed in their State. Should you decide to obtain your reverse mortgage with a commercial bank such as Wells Fargo or One Reverse (Quicken Loans) you will not be afforded the protection of your State Regulators.
We are a fully authorized FHA lender which means your application will be processed and underwritten by our employees. From application to closing our highly qualified staff will work on your behalf. Should you apply for a reverse mortgage with a 'mortgage broker' your application will be processed and underwritten by a different mortgage company. In other words, if you choose a mortgage broker then you will apply with one company and close your loan with a different company.
We specialize in reverse mortgages. We only accept reverse mortgage applications. It is our only business to be experts in the reverse mortgage industry. Our interest rates are among the lowest in the mortgage industry. We will match or beat any legitimate offer from another company.
You will receive the best products combined with honest and competent service.