Unlock your home equity with a reverse mortgage. Access your home's value without monthly payments while maintaining ownership and living in your home for life.
A reverse mortgage is a home loan that allows homeowners age 62 and older to access their home equity without making monthly mortgage payments.
Home Equity Conversion Mortgages (HECM) are federally insured reverse mortgages backed by the Federal Housing Administration (FHA).
Choose how you want to receive your reverse mortgage proceeds based on your financial needs and goals.
All borrowers must be at least 62 years old. The older you are, the more equity you can access.
You must own your home or have significant equity. The home must be your primary residence.
You must have sufficient equity in your home to qualify for a reverse mortgage.
HUD-approved counseling is required before applying for a reverse mortgage.
Your home must meet FHA property standards and be in good condition.
Lenders will assess your ability to maintain the property and pay property taxes and insurance.
Continue living in your home for as long as you want, maintaining ownership and control.
Eliminate monthly mortgage payments while accessing your home's equity for financial flexibility.
HECM loans are federally insured, providing additional security and peace of mind.
Choose how to receive your funds: lump sum, monthly payments, line of credit, or combination.
Use the funds for any purpose: home improvements, medical expenses, travel, or daily living costs.
You or your heirs will never owe more than the home's value, even if the loan balance exceeds it.
Our reverse mortgage specialists are here to help you understand your options and determine if a reverse mortgage is right for your financial situation.