Is a Reverse Mortgage Right for You?

Unlock the equity you’ve built over a lifetime. Get a FREE quote on a Reverse Mortgage and discover how to eliminate monthly mortgage payments while staying in the home you love.

Talk to a Mortgage Specialist
OVERVIEW

The Lowdown on Reverse Mortgages…

A reverse mortgage is a unique financial tool designed specifically for homeowners aged 62 and older. Unlike a traditional mortgage where you make monthly payments to a lender, a reverse mortgage works in “reverse”—the lender provides you with funds based on your home’s equity.

The most common type is the HECM (Home Equity Conversion Mortgage), which is insured by the Federal Housing Administration (FHA). It allows you to convert a portion of your home’s value into tax-free cash, a line of credit, or monthly income.

The best part? You aren’t required to make monthly mortgage payments. The loan is only repaid when the last surviving borrower sells the home, moves out permanently, or passes away. We’re here to make the process quick and painless, helping you decide if this is the right path for your retirement.

Benefits

Why Choose a Reverse Mortgage?

No Monthly Mortgage Payments

Eliminate your biggest monthly expense. While you must still pay property taxes and insurance, you’ll never have to write a check for a mortgage payment again.

Tax-Free Cash

Because the money you receive is considered a loan advance and not income, it is generally tax-free and does not affect your Social Security or Medicare benefits.

Flexible Payout Options

Choose how you receive your money: a lump sum, a monthly “paycheck,” a line of credit that grows over time, or a combination of all three.

You Retain Ownership

You still own the home and the title remains in your name. You can stay in your home as long as it remains your primary residence and you maintain the property.

Non-Recourse Protection

You (and your heirs) will never owe more than the home is worth at the time of sale. If the loan balance exceeds the home’s value, the FHA insurance covers the difference.

Eligibility

Reverse Mortgage Requirements

To qualify for an FHA-insured HECM reverse mortgage, both the borrower and the property must meet certain criteria:

Requirement Standard Notes
Age 62+ years old At least one homeowner must be 62 or older.
Equity ~50% or more You must own the home outright or have a low enough balance to pay it off.
Occupancy Primary residence You must live in the home for more than 6 months of the year.
Counseling Required You must attend a session with a HUD-approved counselor.
Financials Assessment No “minimum credit score,” but we verify you can pay taxes/insurance.
Property Type Approved homes Single-family, 2-4 unit (owner-occupied), and HUD-approved condos.
IS THIS RIGHT FOR YOU?

Reverse Mortgages Are Ideal For…

Scenario 1: The “Cash-Strapped” Retiree
You have plenty of equity but your monthly Social Security check isn’t quite enough to cover rising costs. A reverse mortgage provides the “gap” funding you need to live comfortably.
Scenario 2: The Retiree with a High Mortgage Balance
You still owe $100,000 on your home and the $1,200 monthly payment is eating your savings. You use a reverse mortgage to pay off that loan, instantly freeing up $1,200 in monthly cash flow.
Scenario 3: The “Aging in Place” Homeowner
Your home needs a new roof or a walk-in tub so you can stay there safely. You use a reverse mortgage line of credit to fund these modifications without needing a high credit score or income.
Scenario 4: The Strategic Planner
You don’t need the money today, but you want a “rainy day” fund. You set up a reverse mortgage Line of Credit, which actually grows in size the longer you leave it untouched.

THE PROCESS

Your Home Loan Could Be Fully Funded in 30 to 45 Days

The Qualifier

5 min

Complete our simple Reverse Mortgage Qualifier to see how much cash you can access.

HUD Counseling

30 min

Speak with an independent counselor to ensure you understand the loan’s features and responsibilities.

Application & Appraisal

1-2 weeks

We verify your information and order an appraisal to determine your home’s current market value.

Underwriting

2-3 weeks

Our team reviews the file to ensure the loan is a sustainable solution for your long-term goals.

Funding

1-2 weeks

Your existing mortgage is paid off, and your remaining funds are disbursed via your chosen method (Lump sum, monthly, or line of credit).

Reverse Mortgage

Frequently Asked Questions

Ready to Access Your Home’s Equity?

Mortgage rates and federal limits change. Get your customized, no-obligation quote today and see how much you qualify for.