Reverse Mortgage.

“Understanding your financial needs and goals is important to us, and we are committed to securing financing that meets your needs.”

What is a Reverse Mortgage?

A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free* income without having to sell their home, give up title to it, or make monthly mortgage payments. The loan only becomes due when the last borrower(s) permanently leaves the home.* Consult Tax Advisor. Not all products available in all states.

Get Pre-Approved
  • You must be at least 62 years young
  • It must be your Primary Home
  • Ther is NO requirement for Credit, Empolyment, Income or Assets, unless doing reverse for purchase in which case we need to verify assets to close
  • It is that easy!
LOAN PRODUCTS:
  • Monthly Home Equity Conversion Mortgage
  • Annual Home Equity Conversion Mortgage
  • PURCHASE or Refinance
REVERSE FACTS:
  • You don’t need any income to qualify
  • You don’t have to make monthly repayments on a reverse mortgage
  • You can receive additional monthly income
  • You NEVER owe more than your home is worth. You are fully insured and protected by the FHA when you payoff the loan
  • You can never lose your home as long as you maintain the property and pay the taxes.
  • Your home goes to your heirs, not the bank
HOW DOES IT WORK?
  • The amount you can borrow is based on:
  • The value (or Price) of your home
  • The age of the youngest spouse
  • The area your home is located
  • You can receive either:
  • A lump sum up front
  • A monthly advance
  • A combination of both
  • Your unused credit line grows each year based on the CPI
  • You can pay off your exiting home loan
  • There are NO payments required during your lifetime
  • You NEVER lose your home as long as you pay your property taxes and maintain the home
APPLICATION PROCESS
  • Meet with us to determine if a Reverse Mortgage is right for you
  • Complete the required reverse education counseling program
  • Fill out application
  • That’s it! Relax and leave the rest to us

Download our Reverse Mortgage Flyer
Review our Reverse Mortgages Frequently Asked Questions