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Reverse Mortgage (HECM)
For homeowners 62 and older, a reverse mortgage can turn home equity into usable funds without a monthly mortgage payment. It is a heavily regulated product, and we walk you through exactly how it works before you commit.
No Monthly Mortgage Payment
Convert home equity into tax-free funds you can use for living expenses, healthcare, or home improvements, with no monthly payment required.
$1,249,125 2026 Lending Limit
That's the FHA-insured HECM limit for 2026, regardless of your home's value above that amount. No minimum credit score is required by the program itself.
Streamlined Process
Access to multiple lenders means we can find the best loan program for your specific situation, ensuring a faster and more efficient approval.
Expert Guidance
As a licensed mortgage broker, we provide the expert guidance needed to navigate the complexities of reverse mortgage and HECM programs.
Who a Reverse Mortgage Is For
This program is designed for homeowners 62 and older who want to access their home equity without taking on a new monthly payment.
Retirees on a Fixed Income
Homeowners who want to supplement retirement income without selling their home or taking on new monthly debt.
Homeowners with Significant Equity
Those who've paid down or paid off their mortgage and want to convert that equity into usable funds.
Aging in Place
Homeowners who plan to stay in their home long-term and want a financial cushion for healthcare, home improvements, or daily expenses.
How to Qualify
Meeting these standard criteria helps ensure a smooth approval process for your reverse mortgage.
Must be 62 years of age or older
✓
Home must be your primary residence
✓
Sufficient home equity to pay off any existing mortgage balance
✓
Completion of a required HUD-approved counseling session
✓
Ability to keep up with property taxes, insurance, and home maintenance
✓
Myth
A reverse mortgage means the bank owns your home.
Reality
You retain full ownership and title to your home. The lender simply places a lien, similar to a traditional mortgage, and you can sell or leave the home to heirs at any time.
Reverse Mortgage FAQs
Will I still own my home?
Yes. You keep the title to your home and can live there as long as you meet the loan requirements, including keeping up with property taxes, insurance, and maintenance.
How is my loan amount determined?
Your loan amount depends on your age, current interest rates, and your home's appraised value, not your income or credit score.
Guidelines and eligibility can vary by lender. Borrowers must meet age, residency, and financial assessment requirements. This information is for educational purposes only and is not a guarantee of approval or loan terms.