Mortgage Solutions
Tailored to You
Live the life you want,
with the mortgage you need.
Compare Products
Home Loans That Add to Your Life
At Smartfi®, we know how much your home matters. That's why we offer home loan solutions that help you stay in your home and retire in the place you love. Live your life in comfort and achieve more with a tailored mortgage from Smartfi Home Loans.
FHA-Insured Reverse Mortgage
The Home Equity Conversion Mortgage (HECM) is a secure and reliable reverse mortgage program that is insured by the Federal Housing Administration's (FHA). It can be a good option if you are 62+ and interested in accessing your home's equity in more than one way, such as through a lump sum and a line of credit.
The FHA HECM may not be for you if you are under the age of 62, have a non-FHA approved condo, or want to access all funds at close. If that sounds like you, Smartfi's Choice could be the solution you need.
Reverse Mortgage Loan Basics
We offer both FHA Home Equity Conversion Mortgages and our proprietary Choice reverse mortgage.
With these home loan solutions, you can access your home equity and use it to:
- No longer worry about having a monthly mortgage payment*
- Increase cash flow and enjoy additional income
- Relocate closer to family or warmer weather
- Build a financial safety net
- Improve your lifestyle
*Borrower must pay property taxes, insurance, any HOA fees and maintain the property.
Smartfi Choice
The Choice loan is our proprietary reverse mortgage. It can be a good option if you are 55+** and want to access all your proceeds immediately, have a home valued above the FHA lending limit ($1,209,750 as of Jan. 2025), or have a non-FHA approved condo.
Choice may not be for you if you are under the age of 55**, have a home valued within the FHA lending limit, or want to access proceeds through a line of credit or term payments.
Reverse Mortgage Product Comparison
FHA HECM
Adjustable Rate
FHA HECM
Fixed Rate
Smartfi Choice
Fixed Rate
Minimum borrower age
62
62
55**
Minimum credit score
None
None
600
Is a non-recourse loan
No mortgage insurance premium
Has a line of credit option
(Unused portion grows over time)
Funds distributed at close
Optional
Available funds
All funds
Available for purchase or refinance
May be best...
For payout optionality & having a LOC that can be paid down at any time.
When paying off a larger existing mortgage or covering other immediate needs.
If you want to access all your proceeds immediately or if your home value is > $1,209,750.
Minimum borrower age
FHA HECM
Adjustable Rate
62
FHA HECM
Fixed Rate
62
Smartfi Choice
Fixed Rate
62
