Reverse Refinance
Explore using a reverse mortgage to replace an existing mortgage and access available home equity.
Explore Refinance →
Your Home. Your Equity. Your Choices.
Make Your Home Equity Part of Your Retirement Plan
A reverse mortgage can help eligible homeowners access home equity, purchase a new home, or explore additional financing options while continuing to live in the home.
Reverse mortgage programs have eligibility requirements. Borrowers remain responsible for property taxes, homeowners insurance, maintenance, applicable HOA charges, and must meet program terms.
Choose the Path That Fits Your Goal
What Would You Like Your Home Equity to Do?
Start with the goal that sounds most like yours. We can help you compare available reverse mortgage options.
AGE & ELIGIBILITY
Reverse Mortgage Options May Begin at Age 55
The familiar FHA-insured Home Equity Conversion Mortgage (HECM) generally begins at age 62. Certain proprietary reverse mortgage programs may be available to younger homeowners, sometimes beginning at age 55, depending on program and state eligibility.
A younger spouse does not automatically mean there is no solution. Spouse status, borrower status, ages, property, equity and the specific program all matter. We review the complete situation rather than relying on one age number.
See Which Options May Fit
62+
FHA-Insured HECM
Federal HECM borrower age starts at 62.
Federal HECM borrower age starts at 62.
55–61
Proprietary Options
Some private programs may start earlier, subject to guidelines and availability.
Some private programs may start earlier, subject to guidelines and availability.
Spouse Younger?
Let's Review Both Ages.
Borrower and non-borrowing-spouse rules vary by program and can affect proceeds and protections.
Borrower and non-borrowing-spouse rules vary by program and can affect proceeds and protections.
Why Consider a Reverse Mortgage?
More Flexibility for the Years Ahead
For the right homeowner, a reverse mortgage can turn a portion of home equity into greater financial flexibility without requiring the home to be sold.
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Stay in the Home You Know
Continue living in the home as long as program requirements are met.
Continue living in the home as long as program requirements are met.
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Choose How to Use Available Proceeds
Depending on the loan, proceeds may be available in different forms and for different goals.
Depending on the loan, proceeds may be available in different forms and for different goals.
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Get Guidance Before Deciding
We'll explain the options, costs, responsibilities and tradeoffs so you can make an informed decision.
We'll explain the options, costs, responsibilities and tradeoffs so you can make an informed decision.
What to Expect
A Clearer Path from Questions to Closing
STEP 01
Conversation
Tell us what you want to accomplish and ask your questions.
STEP 02
Review Options
We review age, property, equity and available program choices.
STEP 03
Application
If you decide to proceed, we guide you through the applicable application and program requirements.
STEP 04
Closing
After required reviews and approvals, eligible transactions move toward closing.
Common Questions
Reverse Mortgage FAQ
Click a question to open the answer.
Do I Still Own My Home?
Yes. A reverse mortgage is a loan secured by the home; it does not transfer ownership to the lender. You remain responsible for meeting the loan terms and property-related obligations.
Do I Have to Make a Monthly Mortgage Payment?
HECM reverse mortgages generally do not require monthly principal-and-interest mortgage payments while the loan remains in good standing. Interest and applicable charges accrue to the loan balance. Property taxes, homeowners insurance, maintenance and applicable HOA charges remain the homeowner's responsibility.
What If My Spouse Is Younger Than I Am?
Age and spouse rules depend on the program. FHA HECMs distinguish between borrowers and eligible non-borrowing spouses, while proprietary programs may use different rules. We review both spouses' ages and circumstances before discussing available options.
Can I Use a Reverse Mortgage to Buy Another Home?
Potentially. A HECM for Purchase allows eligible borrowers to purchase a principal residence using a combination of their own funds and reverse mortgage proceeds, subject to program requirements.
What Happens When I Sell or Permanently Leave the Home?
A reverse mortgage generally becomes due and payable after a maturity event such as sale of the home or when the last applicable borrower no longer occupies it as a principal residence, subject to program rules and any protections that apply.
Start with a Conversation, Not an Application.
Tell us what you're trying to accomplish. We'll help you understand which reverse mortgage paths may be worth exploring and what questions to ask next.
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