Reverse Loan Program

Seniors can gain greater financial security using a reverse mortgage to either purchase a new property or refinance their existing home.

Contact us to learn how reverse mortgages can help give you financial peace of mind.

Key Benefits and Requirements

Z

Allows borrowers to convert equity in their home to cash

Z

U.S. government insured FHA loan program

Z

No monthly mortgage payments

Z

Borrower must be 62 years or older

Z

Borrowers receive additional monthly income

Z

There must be equity in the home

BORROWER MUST MAINTAIN AND LIVE IN THE PROPERTY

A reverse mortgage is designed for homeowners age 62 and older. By borrowing against their equity, seniors get access to cash to pay for cost-of-living expenses late in life, often after they’ve run out of other savings or sources of income. With a reverse mortgage, instead of the homeowner making payments to the lender, the lender makes payments to the homeowner.  Reverse mortgages can provide much-needed cash for seniors whose net worth is mostly tied up in the value of their home.