All Loan Options
Reverse Mortgage
Access your home equity in retirement with no monthly mortgage payments. Available to homeowners 62 and older. FHA-insured options.
Overview
A reverse mortgage allows homeowners age 62 and older to convert home equity into cash without making monthly mortgage payments. Funds can be received as a lump sum, monthly payments, or a line of credit. The loan is repaid when the home is sold or the borrower moves.
Program Features
- No monthly mortgage payments required
- FHA-insured (HECM) options
- Lump sum, monthly, or line of credit disbursement
- Stay in your home as long as you wish
- Non-recourse loan — never owe more than home value
- Use funds for any purpose
Ideal For
Homeowners 62+, retirees looking to supplement income, and seniors wanting to age in place.