Reverse Mortgages

Turn your home equity into cash without monthly mortgage payments.

A reverse mortgage is a unique loan program that allows homeowners aged 62 and older to access a portion of their home’s equity without selling their home or taking on monthly mortgage payments. Designed to support retirees, a reverse mortgage can turn home equity into tax-free cash to cover living expenses, medical bills, or just add peace of mind in retirement. The loan is repaid when the home is sold or no longer occupied as the primary residence.

Let Your House Pay You

Reverse Mortgages Are Good For:

Reverse mortgages are designed for homeowners aged 62 or older who have built up significant equity and want to access it without monthly mortgage payments. They’re ideal for retirees looking to supplement income, cover expenses, or age in place with greater financial flexibility.

Reverse Mortgage Details

Reverse mortgages are available through the Home Equity Conversion Mortgage (HECM) program, which is insured by the Federal Housing Administration (FHA). Borrowers retain full ownership of their home and are still responsible for taxes, insurance, and maintenance.

Borrowers can choose to receive funds as a lump sum, a line of credit, monthly payments, or a combination. The money can be used for anything, including daily expenses, debt payoff, or setting aside emergency funds.

One of the most appealing features of a reverse mortgage is that there are no required monthly mortgage payments. Instead, the loan is repaid when the borrower sells the home, moves out, or passes away.

Reverse mortgages are not for everyone. They can offer great flexibility, but it is important to understand the long-term impact. A licensed loan officer can help walk you and your family through the details to decide if this option aligns with your goals.

Not the Loan You Were Looking For?

Secure your Reverse Mortgage At One of Our Branches

If you are 62 or older and want to make the most of your home’s equity in retirement, we are here to help. Our team will guide you through the process, answer your questions, and make sure you feel confident every step of the way. Reach out today to speak with a local loan officer about your options.

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