Reverse Mortgages
Access your home equity without a required monthly mortgage payment
A reverse mortgage lets homeowners 62 and older convert home equity into cash, while continuing to live in and own their home.
- Must be 62 or older
- Stay in your home
How It Works
A few things worth understanding upfront.
- No monthly mortgage payment is required
- You remain on the title and continue owning your home
- Funds can come as a lump sum, line of credit, or monthly payments
- You're still responsible for property taxes, insurance, and upkeep
This is a significant financial decision. Most FHA-insured (HECM) reverse mortgages require a session with an independent HUD-approved counselor before closing.
01
No required monthly payments
The loan is repaid when the home is sold, the last borrower moves out, or passes away.
02
Flexible payout options
Take funds as a lump sum, a line of credit that grows over time, monthly payments, or a combination.
03
FHA-insured protection
HECM reverse mortgages are federally insured, and you'll never owe more than the home is worth at sale.
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