Turn your home equity into cash
A reverse mortgage gives homeowners 62 and older the ability to convert home equity into funds for retirement, all without monthly mortgage payments.
Who's it for?
Reverse mortgages are designed for homeowners aged 62 and older who want to access their home equity without selling their property. If you need financial flexibility for retirement, medical expenses, or daily living costs, a reverse mortgage can provide supplemental income while allowing you to stay in your home.
Reverse mortgages benefits
- No monthly mortgage payments required
- Access tax-free cash from home equity
- Continue living in your home while using its value
- Flexible payout options (lump sum, monthly payments, or line of credit)
- Federally insured for added security
- Can be used for medical expenses, home improvements, or daily living costs
Eligibility requirements
To secure a Reverse mortgages, you’ll need to meet the following requirements:
- Must be 62 years or older
- Home must be a primary residence
- Sufficient home equity required
- Must continue paying property taxes, homeowners insurance, and maintenance costs
- Home must meet FHA property standards
Find out if a Reverse mortgages loan is right for you
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