Can a Reverse Mortgage work for you?

A HECM loan can help you keep your home

HECM, The Senior Only Loan

The Home Equity Conversion Mortgage (HECM), also known as a Reverse Mortgage comes with many unique advantages for seniors age 62 or older.


This HUD regulated, FHA Insured Home Loan was created specifically to help American Senior Homeowners like you by providing alternative options for maintaining their homes throughout their retirement. Adding a little more money to already stretched, senior, budgets by eliminating monthly mortgage payments and reducing your financial obligations to only paying property tax, homeowners insurance and HOA fees if applicable.

Borrower Requirements

  • You must be 62 years of age or older to particpate
  • Own the property outright or have paid-down a sizeable amount
  • Occupy the property as your principal residence
  • Not be delinquent on any federal debt
  • Have the financial resources required to make timely payment of ongoing property charges such as property taxes, insurance and HOA fees, etc.
  • Participate in a consumer information session given by a HUD- approved HECM counselor

Property Requirements

  • Single family home or 2-4 unit home with one unit occupied by the borrower
  • HUD-approved condominium project
  • Manufactured home that meets FHA requirements

All properties must meet FHA property standards and flood requirements.

Financial Requirements

In order to ensure borrowers will have financial resources to continue to make timely payment of property taxes, insurance and Homeowner Association fees, etc. a portion of the qualifications are based on:


  • The borrower(s) income, assets, monthly living expenses, and credit history are required to be verified
  • Verification of  timely payments of real estate taxes, hazard and flood insurance premiums

Are you ready to get more information?