|Who Can Qualify?|
|All borrowers must be 62 years of age or older to qualify|
|Must occupy the home as your principal residence|
|Must keep up homeowners insurance and property taxes|
|No repayment is due for as long as you occupy your home|
|No taxes are paid on the cash from a reverse mortgage loan|
Find Out if a Reverse Mortgage is Right for You
Get the Facts About All Reverse Mortgage Options
What is a Reverse Mortgage? A low-interest federally insured loan that allows senior homeowners to convert a portion of the value in their home into tax-free cash.
Can I get a Reverse Mortgage if I have a mortgage?
Yes, most senior homeowners use the Reverse Mortgage to pay off their current mortgage.
Reverse Mortgages Require No Monthly Payments. You are responsible to maintain your home, pay your real estate property taxes and carry homeowners insurance for the life of the loan. You Keep the Title to Your Home.
Learn How Reverse Mortgages Work. You can receive a lump sum tax-free cash payment, monthly payments, line of credit, or a customized plan of all options to fit your needs.