FHA Reverse Mortgage
A government-insured, secure
way to access your home equity.
Get Your Free Guide to Reverse
A Flexible & Non-Recourse Way to Access Home Equity
A Home Equity Conversion Mortgage (HECM), is a non-recourse, FHA-insured loan that can be great for homeowners who want to leverage the equity in their home and choose one or more ways to access their funds.
Key Borrower Benefits
- Access funds as a lump sum, growing line of credit4, monthly advances, or a combination
- Allows you to age in place
- No monthly mortgage payment required*
- Is a non-recourse loan
- Can reduce financial stress knowing LOC cannot be frozen or reduced due to market conditions
- Funds can be used for whatever you want or need
*Borrower must pay property taxes, insurance, any HOA fees and maintain the property.
4Not available on all products.
What a Reverse Mortgage Can Do For You
Increase Cash Flow
- Get rid of your required monthly mortgage payments*
- Supplement your income
*Borrower must pay property taxes, insurance, any HOA fees and maintain the property.
Provide Lump Sum Cash Upfront
- Home repairs and improvements
- Eliminate high-interest credit card debt
- Means for in-home care needs
Be Your Financial Safety Net
- Maintain a growing line of credit for future needs4
- Avoid taxable withdrawals from your 401(k) or other retirement accounts by using tax-free2 reverse mortgage proceeds
- Cover property taxes and insurance
2Consult a tax advisor and appropriate government agency for any affect on taxes or government benefits.
4Not available on all products.
Recommended Reverse Mortgage Education
