A Reverse Mortgage is available in fixed rate and adjustable rate.
- Are you 62 years or older and looking for ways to increase your monthly cash flow, eliminate your monthly mortgage payment, or buy a new home?
- Do you worry about day to day living expenses, and want to capitalize on your home equity as an asset?
A reverse mortgage is an insured loan program that gives senior citizen, 62 and older more financial options to eliminate their monthly expenses, access cash, or move into a home that better suits their life style needs. A reverse mortgage is used to pay off your existing home loan, or if the case that your home is already paid off, you can use the reverse mortgage to turn your equity into cash flow.
As long as you live in the home as a primary residence, you will receive all your qualifying benefits of the reverse mortgage terms which may include one or more of the following; no monthly mortgage payment, one lump sum of money, monthly payments to you, or a line of credit for you to access as needed. Once the last living borrower has deceased, the balance of the reverse mortgage loan, or the home’s current value, whichever is lower, will be due. In the case that the home value drops below the amount used in the reverse mortgage, the amount difference will be covered by the FHA mortgage insurance fund, not by inheriting individuals.
City Creek Mortgage
11910 South State Street #100, Draper
4.9 2,531 reviews
Troy was literally an answer to prayer! We had been given a much higher interest rate quote by another company when we saw City Creek’s billboard. We decided to give it a shot so I messaged them and they were super responsive. Troy and … More his team were honest, thorough, and managed to get us a much lower rate! We are so grateful and would recommend them to anyone!Troy was literally an answer to prayer! We had been given a much higher interest rate quote by another company when we saw City Creek’s billboard. We decided to give it a shot so I messaged them and they were super responsive. Troy and his …More★★★★★ a month ago
Quick & easy process! The staff at city creek was friendly and knowledgeable.★★★★★ a month ago
Devyn and Sefa were so amazing to work with on our refinance. Being business owners, these things can be tricky, and they made the process so seamless. Would recommend them to anyone!★★★★★ a month ago
Sefa and Jordan were super easy to work with! They were great communicators and made the whole mortgage process a breeze!★★★★★ 2 months ago
Everybody was great to work with and fantastic at communicating and answering questions! Highly recommend.★★★★★ 2 months ago
Jackie Freeman provided excellent service and stellar communication. She was able to close our loan very quickly. I highly recommend her for your mortgage loan!★★★★★ 2 months ago
I worked with Alexis and Taylor and they were friendly and efficient. They were happy to answer all my questions and got us to closing without any concerns. I was also very pleased that given my unique income situation Alexis was willing … More to advocate for me with the underwriter and get me approved. City Creek's rate was very competitive, and even though it wasn't the very lowest I chose them because of their approach and service.I worked with Alexis and Taylor and they were friendly and efficient. They were happy to answer all my questions and got us to closing without any concerns. I was also very pleased that given my unique income situation Alexis was willing to …More★★★★★ 2 months ago
We were using a different lender previously and did not trust them to get the mortgage done quickly and honestly, so we decided to look at other options and City Creek saved us. They got us a much lower interest rate and we were still able … More to close in two weeks. This is my 3rd mortgage and I can easily say that City Creek is by far the best and I won't use anyone else moving forward.We were using a different lender previously and did not trust them to get the mortgage done quickly and honestly, so we decided to look at other options and City Creek saved us. They got us a much lower interest rate and we were still able …More★★★★★ 5 months ago
I first want to say my experience with City Creek Mortgage has been nothing less than exceptional. I worked with Devyn, Nicole and Carlin and from start to finish they were absolutely amazing. Any questions I had they were quick to answer, … More and they were great at explaining the process and steps and where were sitting and what to expect next. I can’t speak highly enough of them.I first want to say my experience with City Creek Mortgage has been nothing less than exceptional. I worked with Devyn, Nicole and Carlin and from start to finish they were absolutely amazing. Any questions I had they were quick to answer, …More★★★★★ 6 months ago
Jordan and Taylor at City Creek were fantastic to work with on our mortgage. They were extremely professional, on the ball and had excellent communication throughout the whole process. We had a few ups and downs as we were trying to sell … More our home and they were super helpful. And to top it off they got us a great rate with excellent terms on our new home!★★★★★ 5 months ago
I’d highly recommend them and City Creek!
Bottom line: City Creek was $6,533 less when I checked their rates online than what my normal guy quoted me. I closed a few weeks later and was absolutely floored they saved me so much.★★★★★ 5 months ago
I’m a finance professional so shopping around for … More the best price is part of who I am, especially when financing a property. For my last mortgage, I shopped around and found what I thought was a great price. So for this property I got a quote from that same mortgage company and was planning to close with them.
But I also decided to check out City Creek Mortgage. I had seen their billboards advertising rates but hadn't ever priced them out. So I used their rate search tool online which gave me everything I needed to compare apples to apples to the other quote (multiple rate options, various closing cost options, etc. all without talking to anyone).
City Creek's rate was much lower - so much lower I would have had to have paid more than $6K to the other guy to buy his rate down enough to match City Creek's. I'll never know how much of that difference was his commission, but that's way too much money to throw away. After hearing Alexis tell me she was salary-based, it all clicked. That's probably where a big portion of the savings came from.
I wish I would have tested out City Creek's rates sooner, they’re the real deal.
Really impressed with City Creek. This is our second loan with them and we were shopping around for mortgages (wanting to be sure) and Alexis and Taylor were fantastic in helping us in easing our nerves, getting a great rate, and providing … More consistent updates in the process. Highly recommend. They took great care of us.★★★★★ 7 months ago
Alexis and Taylor were very nice to work with. They were responsive, and answered all my questions. I spent some time shopping around with various loan agencies and this group was my favorite. They were especially helpful for a first time … More home buyer - I didn't know anything, and they walked me through it step by step.★★★★★ 7 months ago
Working with Taylor and Alexis over at City Creek was a breath of fresh air. I like to think that I did my due diligence during the research phase of purchasing a home and assessing mortgage lenders, and ran into all types of personalities … More along the way. In such a high-stress and volatile market (seller's market turned buyer's market, turned recession H2 2022) I realized that predictability and professionalism, which lead to transparency and timely communication, were the most important characteristics for me during this transaction - which City Creek nailed.I'd highly recommend anybody to work with them, and I'll refer them to anyone who asks me they should reach out to in the future.Working with Taylor and Alexis over at City Creek was a breath of fresh air. I like to think that I did my due diligence during the research phase of purchasing a home and assessing mortgage lenders, and ran into all types of personalities …More★★★★★ 7 months ago
My wife and I had the pleasure of working with Taylor and Alexis at City Creek Mortgage and we are so happy we did! They were so kind, energetic, and professional through the whole process! They worked quickly and kept us updated at every … More point. They were quick to respond to questions and made sure we knew exactly what we were signing up for with the figures and paperwork. We would highly recommend them and can't wait to work with them more in the future!★★★★★ 6 months ago
I cannot say enough great things about my experience with Troy, Ivie and Carlin! Getting a mortgage at this time in the housing market can be very frustrating and discouraging with rates but they each made the process so much easier and … More minimal stress for me.★★★★★ 7 months ago
I was originally referred to my builder's "preferred lender" but wanted to shop around for rates. My builder was offering thousands in incentives towards closing costs with their lender, but I was impressed with the amount of 5 star reviews for City Creek and thought I'd see what they could offer. Troy and his team were able to secure a lower rate and lower closing costs even without the incentive money from the builder!
Troy and Ivie worked hard to think outside the box for my unique situation and Carlin worked so hard to get all the documents done in time. We even bumped up our closing date a week and Carlin was still able to get it all done without any delays! When we were at closing, even the title officer commented how much she appreciated how easy it was for her to work with Carlin on their end.
All of them had great communication through the entire process and their customer service is top-notch! I am so grateful to each of them for all that they were able to do for me and I look forward to working with them again in the future!
Highly recommend Jordan and Taylor at City Creek Mortgage. I was in the market to purchase a home and was trying to figure out which lender to use. The billboards are what drew me in and made me give them a call and I’m very glad I did. … More They were very quick and proficient at their jobs. They were transparent at providing me numbers and information. Best of all, they were able to secure the lowest rate at the lowest closing costs as well. I applied and shopped with 4 other lenders and from the very start I knew I was going to go with City Creek Mortgage simply due to their professionalism and excellent customer service. Thank you again Jordan and Taylor. I will definitely refer anyone I know in the market to you guys. In the future, you will be my Go-To for any mortgage lending needs.★★★★★ 8 months ago