Update on COVID-19

Finance of America Reverse LLC (“FAR”) understands you may be facing unique hardships during this difficult time. Many borrowers who are currently experiencing financial distress related to COVID-19 may be eligible for some type of assistance. Please contact us for information regarding options that may be available to you. If you are impacted by COVID-19, please call 866-654-0020 and have your loan number ready for the Customer Service representative.

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  1. Must be a homeowner 60* or older with some equity.
  2. The amount of loan proceeds depends on age of borrower, appraised value of home, and the type of HomeSafe® you choose.
  3. Proceeds pay off your current mortgage, and you can get the remainder as cash.
  4. As long a you continue to pay your taxes and insurance and to uphold the terms of the loan, you keep the title to your home and live there payment-free. The loan is not due until the last living borrower leaves the home.
  5. With room in your budget after eliminating mortgage payments, and with cash in hand, create a retirement you feel good about.

*For certain HomeSafe® products only, excluding North Carolina, Texas, and Utah where the minimum age is 62.