Loan Program
Reverse Mortgage
Home equity options designed for homeowners age 62 and older.
What is a Reverse Mortgage?
A reverse mortgage is a loan that lets homeowners age 62 and older access a portion of their home equity without a monthly mortgage payment, while continuing to live in the home.
The loan is repaid when the home is sold, the borrower moves out, or the loan otherwise becomes due. Borrowers remain responsible for property taxes, insurance, HOA dues, and home maintenance.
Key benefits
- No required monthly mortgage payment
- Multiple disbursement options
- FHA-insured HECM program available
Who qualifies?
- Homeowners age 62 and older
- Primary residence with sufficient equity
- Completion of required HUD-approved counseling
Frequently asked questions
Looking for a different program? See all loan programs.
Ready to Take the Next Step?
Get personalized guidance from Colton Dudley — licensed in Washington and Idaho.