Loan program
Reverse Mortgage
For homeowners 62+: tap your home equity with no monthly payments.
A reverse mortgage lets homeowners 62+ access their home equity without selling or making monthly mortgage payments. Stay in your home, supplement retirement income, and live with confidence.
A reverse mortgage — specifically a Home Equity Conversion Mortgage (HECM) insured by the FHA — is one of the most powerful retirement tools available to homeowners 62 and older.
You convert home equity into tax-free cash without selling or making monthly mortgage payments. You keep the title, you stay in the home, and you continue paying property taxes, insurance, and upkeep — but the mortgage payment goes away.
The loan is repaid when you sell the home, move out permanently, or pass away. Importantly, the loan is non-recourse: neither you nor your heirs will ever owe more than the home is worth, regardless of how the loan balance grows over time.
What it gives you
Supplement Retirement Income
Convert equity into a steady cash flow for the lifestyle you've earned.
Remain in the Home
You keep title and live in the home as long as it remains your primary residence.
Flexible Payment Options
Lump sum, monthly payments, line of credit, or any combination.
Non-Recourse Protection
You or your heirs will never owe more than the home is worth.
How it runs, start to finish
- 1
Counseling
HUD-required counseling ensures you fully understand the product.
- 2
Apply
Standard application focusing on age, equity, and ability to maintain taxes/insurance.
- 3
Appraise
A specialized appraiser confirms current home value.
- 4
Close
Sign at closing and choose your payout option.
Questions people ask about this one
Do I have to make monthly payments?
No. You can voluntarily, but you don't have to. The loan is repaid when you sell, move out permanently, or pass.
Will I lose my home?
No, as long as you keep up with property taxes, insurance, and home maintenance.
What happens to my heirs?
They can sell the home to repay the loan, keep the home by repaying the balance, or walk away — they'll never owe more than the home is worth.
How much can I borrow?
Depends on age, home value, and interest rates. Older borrowers with more valuable homes qualify for more.
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The first step is a conversation, and it costs nothing.
No documents, no credit pull, no obligation afterwards. Just somebody explaining the part you are stuck on.
Or call(503) 555-0175and ask for whoever is free.
