FIND OUT HOW MUCH YOU MAY QUALIFY FOR?
What is a Reverse Mortgage? A federally regulated loan that allows seniors to convert a portion of the value in their home into cash.
How Reverse Mortgages Work. You can receive a lump sum cash payment, monthly payments, line of credit, or a customized plan.
When Does the Loan Become Due? No repayment is required until the borrower(s) no longer use the home as their principal residence.
Qualifying for a Reverse Mortgage? To be eligible for this program the youngest borrower must be 62 years of age or older.
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.