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Larry Waters

Reverse Mortgage Advisor
President's Club

NMLS# 400451


9040 N Hess St., Hayden, Idaho 83835

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About Me

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Larry Waters is a Reverse Mortgage Specialist at Mutual of Omaha Mortgage in the Reverse Mortgage department. He has specialized in the reverse mortgages since 2004. He is located in Coeur d Alene, Idaho, very near to Spokane Washington, nestled among the beautiful mountains and lakes in that area.

He is passionate about working with clients and financial partners providing education and helping them learn about the true potential of the reverse mortgage program. Each borrower deserves the time and attention it takes to learn about the various options that can help their future financial needs, ultimately providing a more successful retirement outcome.

Over the years, he has learned that it takes the utmost patience, integrity, extensive product knowledge, and experience to be able to serve retirees efficiently. His dedicated approach and work ethic have helped hundreds of clients achieve their financial goals. He has also been a local resource for the community of financial professionals, being the “go-to guy” for reverse mortgages helping their clients learn about the potential. This includes attorneys, other banks that can not offer reverse mortgages, financial advisers, home care providers, insurance agents, and realtors.

There are many new strategic initiatives within the financial industry, different strategies going away from the old needs-based lending and going to a more proactive approach working together with trusted advisers. New conversations about using home equity as an asset, providing a collaborative approach resulting to a more comprehensive retirement plan.

Waters also helps homeowners secure a HECM Reverse Mortgage for Purchase. Did you know you can use a Reverse Mortgage to purchase a home now? In fact Mutual of Omaha Mortgage has the reputation as number one in the country! One out of every five homes sales purchased today are from Baby Boomers. Retirees are looking to move into their next best Dream Home! The HECM for Purchase option to buy that home is becoming very popular. (Most people don’t realize a reverse mortgage could be used to purchase a new home.)

Local Organizations

Larry serves as a local resource for home equity financial education for retirees for several organizations, including:

  • Area Agency on Aging of North Idaho
  • AARP Idaho
  • Community Action Partnership
  • Alzheimer’s Association Greater Idaho Chapter
  • Blanchard Area Seniors Incorporated
  • Carenet
  • Clark Fork Hope Area Senior Services Inc
  • Comfort Keepers
  • Community Senior Citizens Inc
  • Country Comfort
  • Elder Advocates Incorporated
  • Elder Help of North Idaho
  • Fernwood Senior Citizens Inc
  • Harrison Senior Citizens Center
  • Hayden Senior Gems
  • Home Helpers
  • Hospice of North Idaho

Life in Coeur d’Alene, Idaho

Nestled in the heart of Coeur d’Alene, Idaho, my surroundings have become a playground for an array of outdoor recreations I adore. My mountain bike and I are no strangers to the numerous scenic trails dotting our landscape. From world-class biking destinations like Schweitzer Mountain Resort, Silver Mountain Resort, and Canfield Mountain, to the remarkable trails of Route of the Hiawatha and Farragut State Park, I’ve delighted in miles of breathtaking journeys.

Every weekend, I slip into the role of an adventure motorcyclist, as I navigate through the stunning Pacific Northwest on and off-road excursions. Our local parks, such as McEuen Park and City Park, provide idyllic settings for my leisure time, as they lay gracefully along the lake waterfront. Independence Point stands as another favorite of mine, offering a captivating view of Lake Coeur d’Alene that never ceases to amaze.

Hiking has become a cherished activity, as well, with trails on Tubbs Hill, Mineral Ridge, Canfield Mountain, and Mount Spokane Loop offering unforgettable adventures. My wife and I often take scenic drives along the Coeur d’Alene Scenic Byway, the Mineral Ridge Scenic Area, and the Panhandle Historic Rivers Passage, with every mile presenting a new picturesque memory.

In the wintertime, I revel in the thrill of skiing and snowmobiling, frequenting popular spots like Schweitzer Mountain Resort, Silver Mountain Resort, and Lookout Pass Ski and Recreation Area. And when summer rolls around, I find joy in the tranquil beauty of our lakes. Activities like boating, fishing, and swimming in Lake Coeur d’Alene, Hayden Lake, Lake Pend Oreille, Priest River and the pristine Priest Lake area mark the epitome of my summer enjoyment.

Areas Served

Larry serves the following Northern Idaho cities:

  • Bonners Ferry
  • Coeur d’Alene
  • Dalton Gardens
  • Grangeville
  • Hayden
  • Kellogg
  • Lewiston
  • Lenore
  • Moscow
  • Orofino
  • Post Falls
  • Priest River
  • Rathdrum
  • Sandpoint
  • St. Maries
  • Wallace

He also serves the following Eastern Washington cities:

    • Spokane
    • Spokane Valley
    • Yakima
    • Kennewick
    • Pasco
    • Richland
    • Wenatchee
    • Walla Walla
    • Pullman
    • Moses Lake
    • Ellensburg
    • Sunnyside
    • West Richland
    • East Wenatchee
    • Cheney
    • Grandview
    • Ione
    • Newport
    • Colville
    • Chewelah
    • Deer Park
    • Davenport
    • Clarkston
    • Colfax

If you are looking for a reverse mortgage specialist in Idaho or Eastern Washington State, give me a call directly at 1-208-762-6887 or fill out the form on this page to get started. I look forward to working with you!

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Common Examples of What a HECM Can Help You Do

  • Purchase a new home to fit your lifestyle needs
  • Reduce monthly expenses by paying off existing mortgage
  • Enhance your cash flow
  • Create an emergency fund
  • Fund for home repairs or upgrades
  • Fund the expense for caregivers, live-in nurses, or other in-home care
  • Protect your retirement portfolio
  • Reduce monthly expenses by paying debt
  • Incorporate housing wealth into your retirement plan
  • Increase cash to help ensure monthly bills are paid
  • Reduce the burden of out-of-pocket healthcare costs
  • Have the cash for a large expense, such as a vacation or vehicle
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