Unlocking Home Equity for Enhanced Retirement Living

Key Features

Ease your finances.

Skip the monthly payments.


Choose your payout.

Flexible disbursement options.


Financial safety with

Non-Recourse Assurance.




Minimum Age

Reverse mortgage programs require homeowners to be at least 62 years old. This is the minimum for the federally insured HECM program.


Equity Threshold

Most situations require at least 50% equity in your home, though this can vary. Some programs might require more, such as 55% or even 60% equity.

Additional Requirements

Primary Residence

For a property to qualify as a primary residence in the context of a reverse mortgage, you must live in the home for the majority of the year. This is typically interpreted as you living in the property for more than half of the year.


Before obtaining a reverse mortgage, you must undergo counseling with an approved housing counseling agency. This counseling session helps you understand the terms, costs, and obligations associated with a reverse mortgage. We can guide you through this process.

For a complete list of requirements, please contact one of our loan experts. Loan requirements are subject to change. All information contained herein is for informational purposes only and while every effort has been made to unsure accuracy, no guarantee is expressed or implied. This is not an offer to extend credit or a commitment to lend.

¹Lower credit scores may require a higher down payment.

© 2024 Utah Mortgage, Inc. All rights reserved. 1525 North Main Street, Ste 100, Bountiful, Utah, 84010. NMLS #1432672 Equal Housing Lender. Licensed in 9 states. CA License No. 60DBO-146053, CO License No. 1525 North Main Street, Ste 100 Bountiful, UT 84010, NV License No. 500 North Rainbow Blvd, Ste 300, Las Vegas, NV 89107, License #4994, TX: 1525 North Main Street, Ste 100 Bountiful, UT 84010, WA: Consumer Loan Company License #1432672. If your state is not listed, it doesn’t require a specific license disclosure. For additional information visit our disclosure & licenses page.Any example scenarios are for informational purposes only, and while every effort has been made to insure accuracy, no guarantee is expressed or implied. Loans are subject to borrower and property qualifications. Contact any loan officer on the site, or the company directly for an accurate, personalized quote. Interest rates and any program guidelines are subject to change without notice. In addition, Utah Mortgage, Inc. complies with Section 8 of RESPA and does not offer marketing services in exchange for referrals.Any wholesale logos displayed are trademarks of their respective companies.