A reverse mortgage lets eligible homeowners 62 and older convert home equity into cash — without a required monthly mortgage payment — while remaining in the home they love.
Not a commitment to lend. Reverse mortgages require independent HUD-approved counseling and are subject to eligibility, program, and lender guidelines.
A different way to use the equity you've already built.
Most HECM reverse mortgages don't require a monthly mortgage payment as long as you meet your loan obligations.
HECM loans are non-recourse and FHA-insured — you or your heirs will never owe more than the home is worth.
You remain on title and can continue living in your home as your primary residence.
Choose a lump sum, a line of credit, monthly payments, or a combination based on your goals.
Pay off an existing mortgage, cover expenses, or supplement retirement income — the choice is yours.
Direct support through eligibility, required counseling, and the application process, start to finish.
General eligibility guidelines for an FHA HECM reverse mortgage. Exact requirements depend on the specific program and lender.
We'll discuss your goals and whether a reverse mortgage may fit your situation.
Meet with an independent HUD-approved counselor — required by law before you can apply.
Submit your application; an appraisal determines your home's value and available equity.
Choose your payout option at closing and start using your funds.
Yes. You remain on title and retain ownership, provided you continue to live in the home as your primary residence and meet your loan obligations, including property taxes, homeowners insurance, and maintenance.
Most HECM reverse mortgages don't require a monthly mortgage payment. You're still responsible for property taxes, homeowners insurance, and upkeep. Interest and fees accrue over the life of the loan and reduce your remaining home equity over time.
The loan becomes due and is typically repaid through the sale of the home. Because HECM loans are non-recourse and FHA-insured, you or your heirs will never owe more than the home's value at that time.
No. You keep the title and can sell, refinance, or pay off the loan at any time, just like a traditional mortgage.
Share a few details and Adam will personally reach out to walk through your options and next steps, including required counseling.