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Do I Qualify for a Reverse Mortgage?
  • All reverse mortgage borrowers must be 62 years of age or older.
  • You must own your own home, condominium, town home or manufactured home (including the land that the home is located on).
  • No income or credit qualifications! Your loan can not be declined because of your credit or income!
  • Any mortgage liens or judgments against your property will be paid off completely with your reverse mortgage loan eliminating your monthly mortgage payments.
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What does the process involve?
  1. First, we need to get in touch with you to assess your individual scenario. This gives you a chance to ask questions and get to know us as well as find out how much you are eligible for. Click here to fill out our inquiry form and we will have a Senior Advisor contact you.

  2. One of our trusted Senior Advisors will meet with you in person to fill out all of the upfront paperwork.

  3. You must attend a counseling session either in person or over the phone. This takes less than an hour and is free to you. HUD/ FHA requires this session be completed by every single reverse mortgage borrower. This ensures that all of your questions about the program are answered completely and you are in full understanding of how the program works. We will provide all of the information you need to complete this step.

  4. An appraiser and a termite inspector (for homes in CA) will come out to your home to inspect the condition of your property and evaluate the market value of your house.

  5. Once all of the required items and inspections are fulfilled, you will then go to closing. The closing session is held at a place convenient for you, usually in your home. A notary will arrive at your home and walk you through the closing documents.

  6. After your closing session, you will enter the “three day right of rescission”. This law gives you three days to let everything settle in and one last chance cancel your loan should you choose.

  7. After the “three day right of rescission”, your loan will fund. If you requested cash at closing, you will receive your check via overnight mail or direct deposit.

  8. Last but not least, you spend the rest of your life enjoying the benefits of the reverse mortgage.