Reverse Mortgages in Payette – Keep Your Home, Tap Your Equity

Payette’s small-town character and steady home values make it a strong market for reverse mortgages. If you’re 62 or older, you may be able to eliminate a monthly mortgage payment and convert equity into flexible funding—without selling your home. We’ll map out how HECM compares with proprietary programs for higher-value properties and show clear, line-by-line costs and projected proceeds. You’ll see exactly how the loan works today and over time.

Benefits for Payette Homeowners

No required monthly mortgage payments while you live in the home
Keep ownership and title
Multiple payout options to fit your goals
Federal non-recourse protections on HECM

How Funds Are Accessed

Choose a lump sum, monthly payout, a line of credit, or a hybrid. We’ll model scenarios using your age, appraised value, and current rates to show which mix balances flexibility and long-term costs.

See the full process timeline

Eligibility & Property Types

62+ (or lender minimum for proprietary)
Primary residence in Idaho
Sufficient equity and ability to keep property charges current
Single-family, certain condos/townhomes, and 2–4 unit owner-occupied homes may qualify

Full eligibility checklist

Line of Credit (LOC) Growth Example

Set up a HECM line of credit and let unused funds grow automatically each year. Many Payette homeowners use this as a contingency fund for medical, maintenance, or family support needs. How the LOC growth feature works!

Frequently Asked Questions

Will I owe taxes on proceeds?

Loan advances are generally not taxable income; consult your advisor.

What if I already have a mortgage?

Sale of the home, moving out, or passing away.

Can I repay early?

Yes, voluntary payments are allowed and there are no prepayment penalties.

About

Serving Boise, The Treasure Valley and all of Idaho. We help our clients understand the benefits of Reverse Mortgage Loans and why it may be a useful tool in retirement.

Services

HECM

Proprietary Reverse Mortgage

Single-Purpose Revere Mortgage

Rates & Uses

Fund Retirement

Healthcare

Education

Long-Term Care

Contact

+ 1 208 409-3382

Boise Metro, Idaho & The Treasure Valley