HECM mortgage help for Redmond homeowners

Redmond has grown a lot, and many longtime homeowners on Education Hill, in Grass Lawn and out toward Union Hill have seen their neighborhoods transform. If you'd like to stay put and make retirement a little easier, a HECM mortgage may be one option to look at.

Some Redmond homeowners also think about moving to a single-level home or a townhome closer to shops and transit. A HECM for Purchase may help with that kind of move.

How a HECM mortgage may help in Redmond

• 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 Redmond

Some Redmond homes are above the FHA HECM limit. If yours is, I can compare a jumbo home equity conversion loan with a standard HECM. 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 Redmond and nearby communities such as Education Hill, Grass Lawn, Overlake, Downtown Redmond, Union Hill, in King 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

Redmond questions

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