Somerset Mortgage Lenders Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

VA Reverse Mortgage in Virginia

If you’re a homeowner 62 years or older, consider the tax-free income benefits of a Reverse Mortgage.  Unlike a regular mortgage, with reverse mortgages the lender makes payments to you.  VA residents can choose to receive the money from a reverse mortgage in fixed monthly payments, a line of credit, or in a lump sum.  More than 55% of borrowers choose the line of credit, which allows you to draw from the loan at any time.


The amount of your reverse mortgage is determined primarily by your age and appraised home value.  To find out just how much you can get, speak to one of our Reverse Mortgage Specialists today!

Local reverse mortgage directory for VA :
Abingdon Amelia Court House Ararat Ashland
Accomac Amherst Arcola Assawoman
Achilles Amissville Ark Atkins
Afton Ammon Arlington Atlantic
Alberta Amonate Aroda Augusta Springs
Aldie Andover Arrington Austinville
Alexandria Annandale Arvonia Axton
Altavista Appalachia Ashburn Aylett
Alton Appomattox

Return to our reverse mortgage page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Virginia News
More People Turning to Credit Cards

Some credit card rates expected to double. Story by Erin Barnett Email Other Stories by Erin Barnett Many West Virginians may think twice before sliding their credit cards.

Five Prez Polls; Senate Dems Shoot for 60; Four House Polls; the Capture of a War Criminal.

P2008 - DAILY POLLING UPDATE. Here is our daily update of the latest independent polls from swing states : FLORIDA : Obama - 46%, McCain - 45%. MINNESOTA : Obama - 49%, McCain - 37%. NEW HAMPSHIRE : Obama - ...

Profanity charges against rapper dropped

Profanity charges brought against hip-hop artist Raymond "Boots" Riley after his performance at a Virginia music festival have been dismissed, a court said.

Judge suggests Williamsburg may not be best place for Hinckley

A federal judge is questioning whether Williamsburg is the best community for John Hinckley Jr.

GOP lawmaker opens school-choice nonprofit

A Republican delegate has created a nonprofit organization to push for tax credits and other support for alternatives to traditional public schools.

West Virginia dog story ends happily

Last week I told you about our annual summer trip to Canaan Valley. While it's not a grand Disney World type of trip, it's what my family likes, and I'm grateful for the opportunity to please them for an ...

More Children Covered by Health Insurance

Gov. Timothy M. Kaine announced Tuesday that more children and pregnant women are receiving health care coverage through Virginia's health insurance programs than at any time in the state's history.

Emerald Ash Borer Quarantine Expanded In Va.

State officials have expanded a quarantine in northern Virginia to prevent the spread of a tree-killing beetle.

State Department Seeks New Name

The state's top agency addressing the concerns of mentally disabled Virginians is considering a name change.

Va. sees surge in young voters

Virginia is seeing a surge in voter registration among 18- to 25-year-olds. The Virginia State Board of Elections says the number of 18- to 25-year-old voters has increased by 10% in the past year.

Training their sights on safety

Underestimating the power and size of a train can be a deadly mistake, and with three train-related deaths already in the Tri-Cities this year, efforts are underway to keep train deaths to a minimum.

Spa Peddles Pedicures Performed by Fish

Ready for the latest in spa pampering? Prepare to dunk your tootsies in a tank of water and let tiny carp nibble away.

Study projects financial crisis for W.Va. retirees

West Virginians may have a hard time making ends meet in retirement. An economic study by Ernst & Young indicates that 67 percent of West Virginians entering retirement now are at high risk of outliving their ...

A large Virginia snake spotted in Hanover County's Courthouse Park

The Central Virginia Historic Preservation Foundation is pleased to announce a gift to the region of a 1,000-foot Virginia snake fence.

Pentagon ID's Virginia soldier's remains

The Pentagon has identified the remains of a Vienna soldier who was killed when his helicopter was shot down in 1968 over Vietnam.

Banned Alcohol Now Available

Virginia drinkers have something new to try. State Alcoholic Beverage Control stores have begun carrying absinthe, a liquor banned for 95 years in the United States until May 2007.

Virginia Killer Set To Die Thursday

A Virginia inmate who unsuccessfully challenged the state's method of executing prisoners by lethal injection is scheduled to die this week.

More Than 11,000 West Virginia Medicaid Beneficiaries Enroll In...

Main Category: Medicare / Medicaid / SCHIP Also Included In: Public Health Article Date: 17 Jul 2008 More than 11,000 West Virginia Medicaid beneficiaries have enrolled in the new "enhanced" benefits program, ...

Surgery fixes eaglet's beak after mosquito-caused illness

A baby bald eagle is recuperating after surgery to remove remnants of a golf ball-sized growth and fix its criss-crossed beak.

Gilmore, Warner square off

HOT SPRINGS - Who do you trust, Virginia? That was the often-repeated theme today as former Virginia Govs.

Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)