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Reverse Mortgage Program

REVERSE1

What is a Reverse Mortgage?

A Home Equity Conversion Mortgage is an FHA Federally Insured 
loan that allows homeowners age 62 and over to access a portion 
of the equity in their home without ever having to make another 
mortgage payment. 

 

Who Qualifies?

  • Homeowners 62 years of age and over
  • Primary-Residence properties

What are the Benefits?

  • Use the proceeds to
    • pay off an existing mortgage
    • elminate monthly payments
    • be taken as disbursements
  • You still own your home!
  • Loan proceeds are tax free.
  • Non-Recourse Loan: your heirs will never owe more than the value of the home. 

Apply Now

 

**Free lender credit toward home appraisal available for customers who meet loan requirements.  Subject to loan approval/closing.