Reverse Mortgage
"Turn your equity into retirement income."
Access your home equity without monthly mortgage payments. Stay in your home, receive cash, and let the loan balance grow over time.
3%
Min Down
620
Min Credit
$766,550
Max Loan
Reverse Mortgage Benefits
Everything you need to know about your benefits
Lump Sum
Receive one-time payment at closing for immediate needs
Line of Credit
Draw funds as needed - unused portion grows over time
Monthly Payments
Steady income stream for as long as you live in home
Combination
Mix of lump sum, credit line, and monthly payments
How It Works
Your path to homeownership in just a few simple steps
Keep Ownership
You retain full ownership and title to your home throughout the loan.
Choose Payout
Receive funds as lump sum, line of credit, monthly payments, or combination.
No Monthly Payments
No monthly mortgage payments required - loan balance grows over time.
Stay in Home
Continue living in your home as long as you maintain it as primary residence.
Keep Ownership
You retain full ownership and title to your home throughout the loan.
Choose Payout
Receive funds as lump sum, line of credit, monthly payments, or combination.
No Monthly Payments
No monthly mortgage payments required - loan balance grows over time.
Stay in Home
Continue living in your home as long as you maintain it as primary residence.
FHA Protection
FHA insurance ensures you'll never owe more than home value.
Repayment Later
Loan is repaid when you sell, move out, or pass away.
Frequently Asked Questions
Common questions about Reverse Mortgage
Last updated:
How much can I borrow with a reverse mortgage?
The amount depends on your age (older = more), home value, current interest rates, and type of payout chosen. A HUD-approved counselor can provide estimates.
Will I still own my home?
Yes, you retain full ownership and title. The lender has a lien, just like a regular mortgage, but you remain the homeowner.
What happens when I pass away?
Your heirs can sell the home and keep any equity above the loan balance, refinance to keep the home, or walk away with no personal liability.
- No. You can never be forced to leave as long as you maintain the home, pay property taxes and insurance, and live there as your primary residence.
- You must pay property taxes, homeowners insurance, maintain the property, and continue living there as your primary residence.
- Yes, HUD requires counseling with an approved agency before closing. This protects you by ensuring you understand all terms and alternatives.
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Supplement Your Retirement with Home Equity
See if you qualify for a Reverse Mortgage in just a few minutes.
Or call us directly: (757) 558-2603