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Who’s Eligible to Apply?

  • At least one homeowner must be age 62+
  • The home must meet FHA, HUD or Jumbo guidelines.
  • You must financial assessment requirements.
  • You must complete HUD Counseling. 
  • You must have sufficient home equity in the home to qualify.

Scheduling a Free Consultation

  • Learn all about reverse mortgages and how they work.
  • Find out the amount you can qualify to receive.
  • Discuss the programs & options for your specific scenario.
  • Receive a pre-counseling package that includes detailed loan comparisons, disbursements, closing cost worksheet, amortization schedule, TALC – total annual loan costs and government publications on reverse mortgages.

Important: (1)Loan proceeds are not taxable as income; consult your tax advisor. (2) If you qualify and your loan is approved, a Reverse Mortgage must pay off your existing mortgage(s). With a Reverse Mortgage, no monthly mortgage payment is required. Borrowers are responsible for paying property taxes and homeowner’s insurance. Borrowers must occupy home as primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable when the last borrower, dies, sells the home, permanently moves out, defaults on taxes and insurance payments, or does not comply with the loan terms.

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