Reverse
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.
Requirements
62
Minimum Age
Reverse mortgage programs require homeowners to be at least 62 years old. This is the minimum for the federally insured HECM program.
50%
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.
Counseling
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.