Stay in Your Home
You keep the title and keep living in the home you love.
Home Equity Conversion Mortgage
Stay in your home.
Use the equity you already earned.
Reverse mortgage solutions for homeowners age 62 and older. No monthly mortgage payment required while you live in the home and keep taxes and insurance current.
- HUD counseling required
- Non-recourse
- You keep the title
Key benefits of a reverse mortgage
Access Your Equity
Turn part of the value you built over decades into usable funds.
No Monthly Mortgage Payments*
Free up cash flow — and your property taxes and homeowners insurance can be paid from your loan proceeds through a set-aside, so they no longer come out of your pocket each month.
Built for Security
FHA-insured, non-recourse, with independent HUD counseling required.
*No monthly mortgage payment is required while you live in the home as your primary residence, keep property taxes, homeowners insurance, and HOA dues current, and maintain the home. Proceeds are generally not taxable income — confirm with a tax professional.
Subsidiary of CDL Mortgage
Backed by an established, licensed mortgage company.
Licensed Professionals
Guidance from licensed mortgage specialists you can verify.
Education First
Independent HUD-approved counseling is part of every HECM.
No-Pressure Approach
Clear answers and time to decide — on your schedule.
A Guided, Unhurried Process
How a Reverse Mortgage Works
Six clear steps, with independent counseling built in. You are never rushed and never left guessing.
Education
We review your home, your goals, and your options — and give you a written proposal. No cost, no obligation.
HUD Counseling
You meet with an independent HUD-approved counselor who confirms you understand the costs and obligations.
Application
You sign the application and provide your documents: ID, income records, insurance, and property tax bills.
Appraisal
An FHA appraisal establishes your home’s value while title work and the financial assessment are completed.
Closing
You review and sign the final documents. Refinances include a 3-business-day right to cancel.
Servicing
Funds are disbursed the way you chose. You receive statements and yearly occupancy certifications.
Understand Your Options
Three Paths Built Around Different Goals
Your age, home value, state, existing mortgage, and plans for the property determine which path fits.
HECM Reverse Mortgage
For homeowners age 62 and older
The FHA-insured reverse mortgage: convert part of your equity into a lump sum, monthly advances, or a line of credit that grows over time — while you keep the title and stay in your home.
See what you may qualify forHECM for Purchase
For buyers age 62 and older who are moving
Combine a down payment (typically 40–60%, depending on age) with a reverse mortgage to right-size, relocate, or move closer to family with no monthly mortgage payment.*
See what you may qualify forJumbo / Proprietary Reverse
For higher-value homes, age 55+ where available
Non-FHA programs with loan amounts up to $4 million and no FHA mortgage insurance premium. Minimum age is 55 in most states (60 in LA and NJ; 62 in Texas and Utah) and availability varies.
See what you may qualify for*Borrowers must live in the home as their primary residence, keep property taxes, insurance, and HOA dues current, and maintain the home.
Flexible Proceeds
Choose How Your Funds Work
Payout choices depend on whether the loan has a fixed or adjustable rate. We help compare immediate needs with future access to equity.
Line of credit
Draw only when you need it. The unused portion grows every month at the same rate interest accrues — and it can never be frozen or reduced like a HELOC.
Monthly advances
Tenure payments for as long as you live in the home, or larger term payments for a set number of years.
Lump sum
Cash at closing — often used to pay off an existing mortgage. In the first year you can access the greater of 60% of your principal limit or your mandatory obligations plus 10%.
A combination
Pay off your mortgage, take some cash, and keep a growing line of credit in reserve — adjustable-rate HECMs let you change the plan later.
Side by Side
Reverse Mortgage vs. HELOC
| Reverse Mortgage | HELOC | |
|---|---|---|
| Access home equity | Yes | Yes |
| Monthly mortgage payment required | No* | Yes |
| Unused line of credit can grow | Yes | No |
| Age minimum | 62 (55+ on some jumbo programs) | None |
| You still own the home | Yes | Yes |
*No monthly mortgage payment is required while you live in the home as your primary residence and keep property taxes, insurance, and HOA dues current, and maintain the home.
Myths and Facts
What People Get Wrong About Reverse Mortgages
Myth: The bank owns your home.
Fact: You keep the title. A reverse mortgage is a loan secured by the home — you remain the owner and can sell at any time. Your heirs inherit the home after you pass, and they can keep it by paying off the loan balance or sell it and keep any remaining equity.
Myth: Your heirs are personally liable for the balance.
Fact: A HECM is non-recourse. When the home is sold to repay the loan, neither you nor your estate owes more than the home is worth. Heirs may also keep the home by paying off the balance.
Myth: It affects Social Security and Medicare.
Fact: Proceeds are loan advances, not income, so they generally do not affect Social Security or Medicare. Needs-based programs such as Medicaid or SSI can be affected — confirm with your advisor or tax professional.
Common Questions
Straight Answers to the Questions We Hear Most
Skepticism is healthy. Here are the facts on ownership, inheritance, taxes, and qualifying — in plain English.
See all questions in the Learning CenterFree, No-Obligation Assessment
See what you may qualify for.
- Takes about 2 minutes
- No Social Security number on this step
- HUD counseling is still required
- You keep the title
In Their Own Words
Homeowners Who Found Their Answer
“I was nervous about the whole idea, but they answered every question — some of them twice — and never once made me feel rushed.”
“The line of credit gave us breathing room without touching our savings. We only wish we had looked into it sooner.”
“What mattered most was staying in the house where we raised our kids. Now we can — comfortably.”
Prefer to Learn at Your Own Pace?
Our Learning Center explains reverse mortgages in plain English — eligibility, payout options, your responsibilities, and what it means for your family. No sign-up required.
Ready to see if a reverse mortgage fits your life?
Start with a free assessment, or talk with a licensed specialist today. Either way, you'll get straight answers — never pressure.