What is the Reverse Mortgage Program? It is a program that enables seniors to convert the equity in their home into tax-free* cash.

What are the Benefits of a Reverse Mortgage?

Guaranteed monthly income for the rest of your life or one lump sum – Income tax-free* – Doesn’t affect social security – Reverse Mortgages are HUD regulated – Helps offset reduction in social security which occurs with passing of a spouse – You retain 100% ownership of your home – There are no restrictions on how you should use funds

Will I still own my home?

Yes, you retain the title of your home which passes on to your heirs at death.

Will this affect my social security income?

No. A Reverse Mortgage is considered a loan, not income.

How will this affect my heirs?

Upon death of the last remaining borrower, the heirs have 12 months to either sell the home, pay the balance (keeping the remaining equity), or refinance.

If the loan exceeds the value of my home, are my heirs responsible after my death?

No, you never owe more on your home than what it is worth.

Can I make payments to my reverse mortgage?

Yes, but you are not required to do so.

Are there income or credit requirements?

There are no income or credit requirements to receive a Reverse Mortgage.