Skip to main content

New Endeavor Aimed at Homebuying Seniors

Phil Hall
May 22, 2019

The online adult communities resource has teamed with Retirement Funding Solutions, a division of Mutual of Omaha Bank’s subsidiary Synergy One Lending Inc., to launch 55places Mortgage, a new enterprise aimed at increasing the homebuying capacity to those who are 62 years of age and older.
The new 55places Mortgage endeavor will serve as the exclusive provider of The 62+ Loan, an FHA-insured alternative to paying cash. According to San Diego-based 55places Mortgage, this product allows homebuyers to make a one-time downpayment from existing equity or savings, which can be leveraged for increasing buying power and reducing out-of-pocket expenses. 55places Mortgage will also offer information to seniors on 30- and 15-year mortgages and 5/1 year adjustable-rate mortgages
"Active adult communities offer amenities that meet a variety of interests, which helps create a support system in which retirees can build meaningful relationships and a sense of belonging," said Bill Ness, CEO and founder of "That type of lifestyle is desired by many and easily attainable with The 62+ Loan. With no monthly mortgage payments, there's more financial flexibility for homeowners to choose where and how they want to spend—be it completing bucket lists, traveling, or treating grandkids."

May 22, 2019
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022
Nominations Open For Industry Titans Award

NMP Magazine to honor people who represent industry with professionalism.

Industry News
Sep 23, 2022
Fidelity National Names New HR Chief

Melissa Circelli previously held same position at Black Knight.

Industry News
Sep 23, 2022
Ruoff Mortgage Lays Off Nearly 5% Of Staff

Company announced the layoffs Sept. 16, citing 'economic conditions.'

Sep 21, 2022
SPS Acquires Rushmore Loan Management Services

The acquisition will include hiring Rushmore servicing personnel and assuming Rushmore servicing contracts.

Industry News
Sep 19, 2022
Fannie Mae Names New EVP, Chief Risk Officer

Former Morgan Stanley exec has nearly 30 years of risk management experience.

Industry News
Sep 15, 2022