Financial Stability
Lutheran Senior Services has a tradition of excellence that goes back 150 years. A mark of that excellence is our proven record of sound financial stewardship. As a not-for-profit organization, we maintain extensive capital reserves to provide for future programs and facility expansions. These reserves create a solid financial base that helps us safeguard our residents against an uncertain future.
You can trust Lutheran Senior Services as one of the largest and most financially secure senior housing systems in the nation, maintaining an A- designation from Fitch Ratings, Inc.*
Our reputation for integrity and local ownership allows us to offer a range of services and financial stability unmatched by other organizations.
Selling Your Home and Moving In
While conventional wisdom might indicate that you should wait to sell your home until housing prices rise again, for older adults, delaying a move is not without risks either. Should your health needs change, you may find yourself with fewer options when it’s time to look for care and housing. If you have to move because of an emergency, you may face the prospect of selling your home for even less than you would today when you have time to make an informed decision.
Moving Before You Sell Your Home
If you are having trouble selling your home, Lutheran Senior Services offers a Bridge Loan program. As a result, if you qualify, you can move into a new home at one of our communities today and pay the entrance fee once you find a buyer for your home. Our move-in specialists work with expert realtors to make the transaction as worry-free as possible.
In addition, our new Financial Options program offers creative solutions such as converting your home into an income stream and, as a result, reducing your taxes and simplifying your life. We can arrange a visit to help you discover the options available. Contact us to meet with one of our stewardship counselors to review your financial options.
Monthly Fees and Expenses
A Residency Agreement from Lutheran Senior Services lets your money continue to work for you. The earnings from your refundable entrance fee reduce your monthly service charges.
Monthly Fees and Deposits are different for each community.
Moving In
We offer consultation to help handle the details of your move. Our move-in specialist works with local agencies and businesses to find the best values on moving companies, home appraisers, and much more.
* Lutheran Senior Services is the 13th largest not-for-profit retirement housing system in the United States, as documented in the 2008 AAHSA Ziegler 100 report. Only 11 of the 100 largest retirement systems in the country have an A- rating or better. Of the 20 largest, only three have such a rating.
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