Reverse Mortgage loans are available in all 50 StatesTo be eligible for a FHA Reverse Mortgage Loan:
You and any other current owners of your home, must be aged 62 or over, and live in your home as your primary residence;
Your home must be a 1 to 4 family home, condo or planned unit
development.
Your home must be at least 1 year old and meet HUD's minimum
property standards, but you can use a Reverse Mortgage to pay for any repairs that may be required.
You must discuss the program with a housing counselor from a HUD approved counseling agency. We can provide you with a list of counselors in your area. There is "NO CHARGE" for counseling and many agencies are willing to counsel you by phone.
Turn Home Equity
Into Cash
Reverse mortgages allow Homeowners to turn home equity
into cash without selling their homes, giving up ownership in their properties or burdening themselves with a monthly mortgage payment.