Questions? Call Jason directly: 425-260-3482
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Bellingham, Washington

HECM mortgage help for Bellingham homeowners

Plain-English guidance from Jason Gray, NEXA Lending, for homeowners 62+ in Bellingham and nearby communities.

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Older couple smiling on the porch of their home

Bellingham and Whatcom County attract people who want to stay near the water, the mountains and a close-knit community. Many homeowners in Fairhaven, Barkley, Ferndale and Lynden have been in their homes for years and want to stay as long as they can.

Some people also move to Bellingham in retirement to be near children or grandchildren. A HECM for Purchase may help you buy a home there with no monthly mortgage payment required.

How a HECM mortgage may help in Bellingham

  • Pay off an existing mortgage, so no monthly mortgage payment is required
  • Receive funds as a lump sum, monthly payments, a line of credit, or a mix
  • Keep ownership of your home and stay as long as you meet the loan terms
  • Buy a home that suits this stage of life with a HECM for Purchase

You'll still pay property taxes, homeowners insurance and any HOA dues, and keep the home in good repair. Interest and fees are added to the balance over time.

Home values in Bellingham

Most Whatcom County homes are within the FHA HECM limit, so a standard HECM is usually the place to start. For 2026, the FHA HECM maximum claim amount is $1,249,125 (HUD). Learn about higher-value homes.

Who I help

I work with homeowners 62 and older in Bellingham and nearby communities such as Ferndale, Lynden, Blaine, Fairhaven, Barkley, in Whatcom County. Adult children, trusted friends and financial advisors are always welcome on our calls.

My simple 4-step process

I've been helping Washington homeowners since 1993. First, a free, no-pressure conversation. Second, HUD-approved counseling, which is usually a phone call of about 30 minutes; I'll give you a list of counselors. Third, I handle the paperwork and coordinate the appraisal, title and escrow. Fourth, we review every number together before you sign, and then you close.

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Bellingham questions

I want to move to Bellingham to be near my kids. Can a HECM help?
A HECM for Purchase may help. You combine a down payment with HECM proceeds to buy your new home, with no monthly mortgage payment required.
Do I need to meet in person?
No. We can do almost everything by phone, video and secure email, and I'll walk you through each step.
Who qualifies for a HECM mortgage?
Generally, the youngest borrower is 62 or older, the home is your primary residence, you have meaningful equity, and you can keep paying property taxes, insurance and HOA dues. HUD-approved counseling is required. Some jumbo programs may have different age requirements; ask Jason.
Do I still own my home?
Yes. You keep the title. You remain responsible for property taxes, homeowners insurance, HOA dues and upkeep.

Want a rough idea first? Try the educational estimator. See licensing and disclosures.

Jason Gray, NEXA Lending loan officer

No pressure. No obligation.

Request a free call

Tell me the best time to reach you and I'll call you myself. We'll just talk. Family members are welcome to join.

☎ Call 425-260-3482

Prefer email? jsgray@nexalending.com

I'll only use this to contact you about your question. No credit check, no Social Security number.

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