Anderson Reverse Mortgage

Legacy Mortgage powered by Guild Mortgage is a renowned financial services provider dedicated to empowering seniors in New Mexico, Texas, Colorado, and Arizona. Our team of experts offers a comprehensive range of mortgage home loans and services, ensuring that our clients make informed decisions about their financial future.

Our Services

At Legacy Mortgage powered by Guild Mortgage, we understand the importance of retirees having access to their home's equity to fund their retirement goals. To address this need, we offer several reverse mortgage options, catering to the unique needs of seniors.

Reverse Mortgage Line of Credit

Our reverse mortgage line of credit allows homeowners to access their home's equity as needed, using a program managed by FHA/HUD. This line of credit offers flexibility, as homeowners can withdraw funds as needed, without incurring interest on the balance until funds are withdrawn. Once withdrawn, the interest rate applies to the outstanding balance.

Reverse Mortgage Monthly Payment

We also offer a monthly payment option, where the reverse mortgage loan amount is automatically deposited into the homeowner's account, providing a steady income stream to meet monthly financial needs.

Reverse Mortgage Replacing and Paying Off an Existing Mortgage

In addition, our reverse mortgage can be used to pay off an existing mortgage, eliminating monthly payments and freeing up more cash for homeowners to enjoy their retirement.

Reverse Mortgage Purchase

Our purchase program enables seniors to buy a home with a reverse mortgage, using a down payment of 35-50%, depending on the age of the youngest borrower. This flexible option offers seniors the chance to purchase a home with no monthly mortgage payment, aside from property taxes, insurance, and HOA fees.

Alternative Reverse Mortgage Purchase

For higher-end homes valued up to $5 million, we offer an alternative reverse mortgage program, catering to the needs of homeowners who may not qualify for FHA/HUD-insured reverse mortgages.

Expertise and Training

Our team, led by CRMP (Certified Reverse Mortgage Professional) Bruce Anderson, is committed to providing exceptional guidance and support. We have a deep understanding of the reverse mortgage industry, with ongoing education and training ensuring our expertise stays up-to-date.

Why Choose Us

At Legacy Mortgage powered by Guild Mortgage, we are dedicated to helping seniors unlock their retirement potential using reverse mortgages. With our expert team, comprehensive services, and personalized approach, we empower seniors to make informed decisions about their financial futures.