An FHA-insured loan program (HECM) that lets homeowners 62 and over convert home equity into cash to help them comfortably age in place — without giving up ownership of the home.
How It Works
Proceeds can pay off an existing mortgage, and no monthly mortgage payment is required as long as you live in the home, keep it maintained, and stay current on property taxes and insurance.
You Keep Ownership
You retain title to your home for the life of the loan. It's non-recourse — if the balance ever exceeds the home's value, neither you nor your heirs owe the difference.
A Line of Credit That Grows
An optional line of credit grows over time — so the longer you wait to use it, the more available credit you have, unlike a traditional HELOC.
FHA-Insured & Counseled
No prepayment penalty, and every borrower completes independent, HUD-approved counseling before closing to make sure it's the right fit.
Jumbo & Second Reverse Mortgages
For homeowners with higher-value homes or an existing low-rate mortgage they'd like to keep in place, there are additional reverse mortgage options beyond the standard HECM.
Jumbo Reverse Mortgages
Proprietary reverse mortgages built for higher-value homes that exceed FHA lending limits — offering larger loan amounts and larger lines of credit than a standard HECM.
Reverse Second Mortgages
Keep your existing low-rate first mortgage in place and access a portion of your equity through a second lien, with no new monthly mortgage payment required — funded as a lump sum or line of credit.