Reverse Mortgages

What is a Reverse Mortgage?

A reverse mortgage — specifically a Home Equity Conversion Mortgage (HECM) insured by the FHA — is one of the most powerful retirement tools available to homeowners 62 and older.

You convert home equity into tax-free cash without selling or making monthly mortgage payments. You keep the title, you stay in the home, and you continue paying property taxes, insurance, and upkeep — but the mortgage payment goes away.

The loan is repaid when you sell the home, move out permanently, or pass away. Importantly, the loan is non-recourse: neither you nor your heirs will ever owe more than the home is worth, regardless of how the loan balance grows over time.

A reverse mortgage lets homeowners 62+ access their home equity without selling or making monthly mortgage payments. Stay in your home, supplement retirement income, and live with confidence.

Who qualifies for a Reverse Mortgage?

This program is built for borrowers who match the criteria below. Not sure where you stand? Send us a quick message and we'll confirm in minutes.

• Homeowners 62 or older
• Borrowers with significant home equity
• Retirees needing income, line of credit, or lump sum
• Anyone wanting to pay off an existing mortgage in retirement

Advantages of Reverse Mortgages

• Supplement Retirement Income — Convert equity into a steady cash flow for the lifestyle you've earned.
• Remain in the Home — You keep title and live in the home as long as it remains your primary residence.
• Flexible Payment Options — Lump sum, monthly payments, line of credit, or any combination.
• Non-Recourse Protection — You or your heirs will never owe more than the home is worth.

How the process works

1. Counseling — HUD-required counseling ensures you fully understand the product.
2. Apply — Standard application focusing on age, equity, and ability to maintain taxes/insurance.
3. Appraise — A specialized appraiser confirms current home value.
4. Close — Sign at closing and choose your payout option.