Making Retirement More Comfortable and Accessible
Now is the time to prioritize your well-being. Discover how a reverse mortgage can help you tap into your home’s equity to enhance your retirement lifestyle.
Step 1
Check Eligibility
Step 2
Payment Option
Step 3
Get Approved
Step 4
Close the Loan
Step 5
Repayment & Loan Terms
What a reverse mortgage can do for you?
If you’re a homeowner aged 55 or older with significant equity in your home, our reverse mortgage solutions can offer a flexible way to reach your financial goals. Whether you’re looking to boost retirement income, manage expenses, or enjoy more financial freedom, you can tap into your home’s value — all while continuing to live in it.
Reverse Mortgage Loan Programs
FHA Reverse Mortgage
Reverse Mortgage - Purchase
Reverse Mortgage - Proprietary
Frequently Asked Questions (FAQs)
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Will I still own my home?
With a reverse mortgage, you remain the owner of your home — not the lender. As long as you meet the loan’s requirements, you have the right to stay in your home. Similar to a traditional mortgage, the lender places a lien on the property solely to secure repayment of the loan.
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Will my family be responsible for the loan after I’m gone?
No, your heirs won’t be stuck with the debt. A reverse mortgage is a non-recourse loan, which means the lender can only recover the amount owed through the sale of the home. They cannot claim any other assets from you or your estate. If the loan balance ends up being more than the value of the home, your heirs will not be responsible for paying the difference — the lender absorbs that loss.
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What are the borrower qualifications for a reverse mortgage?
To qualify for a reverse mortgage, you generally need to be at least 62 years old and own your home. However, in many states, Finance of America offers exclusive reverse mortgage options for homeowners as young as 55. Along with meeting the age requirement, you’ll typically need around 50% equity in your home. A financial assessment is also required to ensure you’re able to meet the loan’s ongoing obligations.
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What happens at the end of a reverse mortgage?
A reverse mortgage comes to an end when the last borrower either passes away or permanently moves out of the home. At that point, the full loan amount, including any accumulated interest, becomes due. You or your heirs can choose to repay the loan by selling the home or using other funds. If the loan balance is greater than the home’s market value, the property can simply be turned over to the lender — with no further financial obligation.
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What protections do I have?
One of the biggest misconceptions about reverse mortgages is that they’re risky. In reality, these loans are heavily regulated by the U.S. government and come with strong consumer protections, making them safer than ever. Key safeguards include maximum claim limits, mandatory financial assessments to ensure borrowers can manage the loan, and required counseling with an independent, HUD-approved advisor to help borrowers make an informed choice.
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What fees are associated with a reverse mortgage?
In addition to the required counseling fees and FHA insurance (for certain loans), the fees for a reverse mortgage are typically similar to those of a traditional forward mortgage. It’s also important to note that most fees are rolled into the loan balance, so you'll pay very little upfront.