Home Equity Conversion Mortgage
Your Homebuilt Equity
If you're 62 or older, a Home Equity Conversion Mortgage (HECM) may allow you to access a portion of the equity you've built in your home — without selling it or taking on a required monthly principal-and-interest mortgage payment.
✔ 62+ Homeowners
✔ FHA-Insured Program
✔ Keep Ownership
YOUR EQUITY. YOUR OPTIONS.
What Could a Reverse Mortgage Help You Do?
Eliminate an Existing Mortgage Payment
Use available HECM proceeds to satisfy an eligible existing mortgage.
Access a Line of Credit
Create another source of available funds for future needs.
Supplement Cash Flow
Explore monthly disbursement options depending on your loan structure.
Enjoy Retirement Your Way
Put available equity toward the needs and priorities that matter to you.
Reverse Doesn't Have to Mean Complicated.
01
Tell Us About Your Home
Share a few basics about you, your property and current mortgage.
02
Explore Your Options
We review potential HECM structures and available equity.
03
Complete Counseling
Meet with an independent HUD-approved HECM counselor.
04
Close & Access Equity
Complete the loan and access proceeds using your selected option.
MYTH VS. REALITY
You've Probably Heard a Few Things.
"The bank owns my home with a Reverse Mortgage"
NO.
You retain title and ownership while the HECM remains a secured by the property. JUST like any other mortgage.
"My home must be paid off before I get a Reverse Mortgage."
NOPE.
An existing mortgage may potentially be paid off using available HECM proceeds.
"A reverse mortgage is taxable and will affect my Social Security."
FALSE.
Proceeds from a HECM are tax-free and have no impact on Social Security and Medicare Benefits
"My spouse cannot stay in the house once I'm gone."
WRONG.
The spouse not on the loan can be listed as a "non-borrowing spouse" and stay in the home as long as they maintain property obligations and program guidelines