A reverse mortgage is a type of loan available to homeowners age 62 or older that allows them to convert a portion of their home equity into cash without having to sell their home or make monthly mortgage payments.

To qualify for a reverse mortgage, you must be at least 62 years old and own your home outright or have a low mortgage balance that can be paid off with proceeds from the reverse loan. You must also live in the home as your primary residence.

No, you are not required to make monthly payments on a reverse mortgage. Repayment is typically due when the last borrower no longer lives in the home.

Yes, a reverse mortgage is safe. We offer U.S. Government insured HECM reverse mortgages that provide you several protections including: 

• FHA insurance
• Mandatory financial assessment
• Counseling requirement
• Non-Recourse feature

One of our Professional Mortgage Reverse Mortgage Specialists will review your specific situation so that you can make the best decision based on your goals and needs.