HECM mortgage help for Olympia homeowners

Olympia, Lacey and Tumwater have many retired public employees and longtime residents who know the area well and want to stay. A HECM mortgage may help supplement a pension or Social Security by using part of your home equity, without a monthly mortgage payment.

Some Thurston County homeowners have more land or a manufactured home. Manufactured homes may be eligible for a HECM if they meet FHA requirements, so we'll check the details.

How a HECM mortgage may help in Olympia

• 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 Olympia

Many Olympia-area homes are within the FHA HECM limit, so a standard HECM is usually where we 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 Olympia and nearby communities such as Lacey, Tumwater, Yelm, the Westside, the Eastside, in Thurston 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.

☎ Call 425-260-3482 Request a free call

Olympia questions

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