Convert your home equity into cash
No need to sell your home
No monthly mortgage payments¹
No need for perfect credit²
FHA-Insured
Reverse Mortgages
1 Million +
HECM Program Borrowers
Since 1989
Homeowner-Trusted Industry
Retire your way with a reverse mortgage loan
Get tax-free income³
Receive tax-free, FHA-insured income, empowering you to achieve your financial goals.
Eliminate your mortgage
Reverse mortgages replace any existing mortgage, fully eliminating all monthly mortgage payments.¹
Keep your home
Retain ownership and continue living in your home indefinitely as long as you meet the loan obligations.¹
Why a reverse mortgage?
Reverse mortgages allow homeowners 62 and older to convert a portion of their home equity into cash while retaining homeownership. Learn how you can enhance your retirement funding without monthly mortgage payments¹, giving you peace of mind and financial liquidity when you need it most.
Unlock new financial possibilities
Get retirement income
Receive additional retirement income, providing financial flexibility and security in retirement.
Renovate to age in place
Fund home improvements to ensure that you can continue living in your home comfortably, long term.
Pay down debt
Reduce monthly interest payments by paying off credit card and other high-interest debt.
Pay healthcare expenses
Cover ongoing medical costs or unexpected health emergencies without added financial stress.
Reduce monthly expenses
Tap home equity to pay off any existing mortgages, eliminating monthly mortgage expenses.
Prepare for emergencies
Convert your home equity into a line of credit, providing a safety net for unexpected expenses.
Frequently Asked Questions
What is a reverse mortgage?
A reverse mortgage is a loan available to homeowners aged 62 or older who have substantial home equity. It allows borrowers to convert part of their home equity into cash without having to sell their home or pay additional monthly bills.
Who is eligible for a reverse mortgage?
To be eligible for a reverse mortgage, borrowers must be 62 years or older, occupy the property as their primary residence, and own the property outright or have a substantial amount of equity.
What types of properties are eligible for a reverse mortgage?
Eligible properties typically include single-family homes, 2-4 unit properties with one unit occupied by the borrower, HUD-approved condominiums, and certain manufactured homes that meet FHA requirements.
Are there restrictions on how I can use the funds from a reverse mortgage?
No, there are no restrictions. You can use the funds from a reverse mortgage for any purpose you choose, which can include daily living expenses, healthcare costs, home repairs, or travel.
Is a reverse mortgage a government loan?
The Home Equity Conversion Mortgage (HECM) is the most common type of reverse mortgage and is insured by the Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD).
Ready to get started?
Find out if you qualify in less than a minute.
1. Loan approval is subject to individual eligibility, age, property value, and other factors. Homeowners must remain current on property taxes, homeowner's insurance, and maintain the home in accordance with FHA requirements to retain ownership and not risk foreclosure.
2. Loan approval is subject to individual eligibility, age, property value, and other factors. A financial assessment is conducted to ensure borrowers’ ability to meet their obligations under the loan agreement including property taxes, insurance, and home maintenance. ‘Set-asides’ may be allocated from loan proceeds to help cover these obligations.
3. Not tax advice. Consult a tax professional.
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