Reverse Mortgages

Reverse Mortgages

Reverse Mortgages Tap Into Your Home Equity

What Is a Reverse Mortgage?

How Much Can You Access?

Reverse Mortgage Requirements

Age Requirements

Property Requirements

Financial Requirements

How Reverse Mortgages Work

How You Receive Your Funds

Benefits of Reverse Mortgages

Important Considerations

Your Responsibilities

Costs & Fees

Frequently Asked Questions

Is a Reverse Mortgage Right for You?

LOAN PROGRAMS

Access your home's equity without monthly mortgage payments. For homeowners 62+, reverse mortgages provide tax-free cash to supplement retirement income, pay off debts, or cover unexpected expenses while you remain in your home.

A reverse mortgage is a special type of home loan that allows homeowners 62 and older to convert a portion of their home equity into cash. Unlike a traditional mortgage where you make payments to a lender, with a reverse mortgage, the lender pays you – and you typically don't have to repay the loan as long as you live in your home.

The amount you can borrow depends on your age, home value, and current interest rates. Older borrowers and those with higher-value homes can access more equity.

To qualify for an FHA-insured Home Equity Conversion Mortgage (HECM), you must meet these basic requirements.

Non-borrowing spouses under 62 may be protected

Property taxes and insurance must be kept current.

Understanding the process helps you make an informed decision about whether a reverse mortgage is right for you.

Choose the disbursement option that best fits your financial needs and goals.

Discover why thousands of homeowners choose reverse mortgages to enhance their retirement.

Understanding all aspects of reverse mortgages helps you make the best decision for your situation.

Get answers to common questions about reverse mortgages

Let us help you explore whether a reverse mortgage can enhance your retirement financial security.

| . All loan programs, rates, terms, and conditions are subject to change without notice. Not all loan programs are available in all states. Other restrictions and limitations may apply. This is not a commitment to lend or extend credit. All loans are subject to credit approval. Equal Housing Opportunity.

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