HECM Reverse Mortgages for Homeowners 62 and Older
Turn your home equity into tax-free cash while you keep ownership of your home, with no monthly mortgage payment required.
- 30+ years of experience
- FHA insured
- Stay in your home
What Is a HECM Reverse Mortgage?
A Home Equity Conversion Mortgage (HECM) is an FHA-insured reverse mortgage for homeowners 62 and older. It lets you borrow against your equity without making monthly mortgage payments.
You keep the title to your home. The loan is repaid when you sell, move out permanently, or pass away.
Why Choose a HECM?
More financial freedom in retirement, without leaving the home you love.
Stay in Your Home
You keep ownership and live there as long as you meet the loan terms.
No Monthly Payment
No required principal and interest payments. Pay if and when you choose.
Growing Credit Line
An unused HECM line of credit grows over time.
Non-Recourse Protection
You or your heirs never owe more than the home is worth.
Buy a New Home
Use a HECM for Purchase to buy a home better suited for retirement.
Tax-Free Funds
Loan proceeds generally aren’t taxed as income.
Do You Qualify?
HECM rules are set by HUD. To qualify, you’ll need:
- At least one borrower age 62 or older
- Significant equity in your home
- The home is your primary residence
- Ability to keep paying property taxes, insurance, and upkeep
- A session with a HUD-approved counselor
See How Much You Could Receive
Get a free, no-pressure estimate based on your age, home value, and current mortgage.
Prefer email? Send us a messageReverse Mortgage Questions
Will I still own my home?
Yes. You keep the title. You must live in the home and keep up with property taxes, insurance, and maintenance.
How much can I receive?
It depends on the age of the youngest borrower, your home’s value, current rates, and FHA’s lending limit. Older borrowers with more equity receive more.
What happens to my home when I pass away?
Your heirs can sell the home and keep any remaining equity, or pay off the loan and keep the home. They never owe more than the home is worth.
Can I get a reverse mortgage if I still have a mortgage?
Yes. Part of the reverse mortgage proceeds pay off your existing loan, which removes that monthly payment.
Is there an option for homes above the FHA limit?
Yes. Private (jumbo) reverse mortgages are available for higher-value homes, and some start at age 55. Ask us which fits you.
Reverse Mortgage Guide
Learn how a reverse mortgage works and how Coachella Valley homeowners use it in retirement.
Run the Numbers First
Compare your current mortgage costs and see what refinancing could change.
Get Started in 3 Simple Steps
Free Consultation
We review your goals, home value, and options.
HUD Counseling
Meet with an independent HUD-approved counselor.
Close and Access Funds
Choose a lump sum, monthly payments, or a credit line.