Siena Reverse Mortgage Options for 55+ Homeowners
Siena is considered one of the most desirable 55+ communities in Las Vegas, known for its scenic beauty, resort-style amenities, and vibrant, active lifestyle. Whether you’re already enjoying life in Siena or considering making it your next home, this master-planned community offers an ideal setting for a fulfilling retirement.
For many retirees, a reverse mortgage is becoming a powerful financial tool — not only to access equity in a current home to improve cash flow and eliminate monthly mortgage payments, but also as a way to purchase a new home in communities like Siena without the burden of traditional financing. Whether you’re looking to stay in the home you love or move into the Siena lifestyle, a reverse mortgage can help align your housing choices with your retirement goals.
Why Siena?
Siena is widely regarded as one of the premier retirement communities in Las Vegas — and for good reason. Nestled within the master-planned community of Summerlin, Siena offers a beautifully maintained, guard-gated environment with scenic walking trails, tranquil lakes, and views of the Spring Mountains. Residents enjoy access to a 16,000-square-foot fitness center, indoor and outdoor swimming pools, a full-service spa, tennis and pickleball courts, bocce ball, and a championship 18-hole golf course.
The Village Center at Siena features a 39,000-square-foot clubhouse with arts and crafts rooms, a computer lab, library, ballroom, and a wide range of clubs and social activities that foster a vibrant, active lifestyle. Just minutes away from world-class shopping, dining, and medical facilities in both Summerlin and Downtown Summerlin, Siena offers the perfect balance of resort-style living and urban convenience.
What Is a Reverse Mortgage and How Can It Help You In Siena?
A reverse mortgage is an optional payment mortgage that allows homeowners aged 55+ for proprietary reverse mortgages and 62+ for the HECM reverse mortgage to convert part of their home equity into usable cash – while still owning and living in their home. You remain on title, and there are no monthly mortgage payments required. The loan is repaid when the home is sold or the borrower moves out permanently.
Benefits for Siena Homeowners:
- Eliminate existing monthly mortgage payments*
- Supplement retirement income
- Preserve investment account during market downturns
- Fund home renovations or caregiving support
- Purchase a new home in Siena with a HECM for Purchase loan
*Borrower must continue to pay property taxes, homeowner’s insurance, and maintain the home
Why Retirees in Siena Are Choosing Reverse Mortgages
Retirees living in Siena enjoy a beautiful, well-maintained community, but rising costs and ongoing inflation are putting pressure on even the most carefully planned retirements. Many Siena homeowners are now exploring ways to unlock their housing wealth to help supplement income, eliminate monthly mortgage payments, and maintain the lifestyle they’ve worked hard to enjoy. For many, a reverse mortgage has provided the financial flexibility to continue enjoying life in Siena without having to downsize or relocate.
“Rick was a pleasure to work with me in my move from Southern California to Summerlin Las Vegas. He worked with my realtor in Laguna Hills and my realtor here in Las Vegas to make the process as smooth and simple as possible. It was great teamwork and extremely professional yet with a sense of care I really needed after selling my home of 36 years. Thank you Rick. I felt so confident in Rick’s knowledge and ability I recommended him to my dear friend in Florida who just bought a new home after leaving California with me. I highly recommend Rick to anyone considering a reverse mortgage.” – Jeannette P.
Schedule a Free Consultation With Rick Rodriguez
Rick Rodriguez is a nationally recognized reverse mortgage professional with over 20 years of experience. He was the first Certified Reverse Mortgage Professional (CRMP®) in Southern Nevada and has helped countless homeowners in Siena unlock the power of housing wealth in retirement. Rick works one-on-one with homeowners, their families, and trusted advisors to make sure reverse mortgage solutions are clearly understood and responsibly used.
Learn more how a reverse mortgage works.
Learn more about reverse mortgage safety at NRMLA.
- Serving Siena, Las Vegas and the surrounding areas.
- Licensed in Nevada and multiple states.
- Retirement Mortgage Specialist | CRMP®