What Sun West Offers?

At Sun West, we believe it's about a better quality of life and a higher standard of living for our seniors.

Our reverse products include the following:

Home Equity Conversion Mortgage: One of the most popular reverse mortgages and highly regulated as part of the U.S. Department of Housing and Urban Development; the Home Equity Conversion Mortgage (HECM) is a federally-insured private loan providing for greater financial security and a sound plan for seniors.  HECM is available to those with single family homes, 1-4 unit homes as long as the borrower occupies one of the units, manufactured homes built after 1976, condominiums, PUD's, and townhomes.

Home Keeper: Fannie Mae, a private company operating under a Congressional Charter, allows seniors to borrow against the value of his/her home and receive loan proceeds according to the payment plan he/she selects.  The FNMA HomeKeeper provides the maximum amount of flexibility to address the unmet financial needs of seniors today.  The HomeKeeper program is available to every senior 62 and over throughout the United States who lives in an owner occupied single-family home, condominium, qualified planned unit development, property held in trust, or qualified leasehold.

• No income restriction: HECM does not care if you have income or not.  It cares about your age and the value of your property.
• Free you from existing loans: Your existing loans will, actually, must, be paid off by proceeds from the HECM loan.
• No more monthly payments: The loan is not due as long as you live in the property, so you do not have to remit any monthly payment.
• Tax-free monthly cash flow: You may choose to receive tax-free monthly payment for your entire life.
• A line of credit with growth: You may also choose to have a line of credit that grows every month.
• Use the proceeds for any purpose: The loan proceeds can be used to pay of credit card bills, medical insurance, or anything you can think of.
• No prepayment penalty: You may terminate the loan anytime you like by paying off the loan balance without any penalty.
• Limit on the amount you owe: You will never owe the lender more than the appraised value of your property since the program is FHA-insured.
• Closing costs may be financed: Almost all of the closing costs can be financed as part of the loan, which means no out-of-pocket expense for you.
• Social Security & Medicare unaffected: The loan will not affect your existing Social Security and Medicare benefits.