Reverse Mortgage for homeowners age 62+

Call
now!

877-271-1421

Reverse Mortgage for homeowners age 62+

Find out how much money you can get from a Reverse Mortgage.

Call
now!

877-271-1421

 

 

Reverse Mortgage – HECM

Home Equity Conversion Mortgage (HECM) loans are designed to help homeowners and homebuyers age 62 and older convert some of their home equity into cash so they can live more comfortably, with greater financial independence.

HECM Product Options

  • Fixed and adjustable rates are available
  • Proceeds can be taken as a lump sum, line of credit, monthly advances (for a specified period, or as long as you live in your home), or a combination of these options
  • Up-front costs can be reduced by taking a lower amount of the proceeds that are available to you
  • HECM for Purchase can be used to buy a home

Do You Qualify? Eligibility Criteria

  • You and any other owners of the home (such as a spouse) must be at least 62 years of age
  • The home must be your principal residence
  • You must not be delinquent on any federal debt
  • You must discuss the program with an independent counselor who’s approved by the Department of Housing and Urban Development (HUD) and from a HUD-approved agency

Do You Qualify? Eligibility Criteria

  • You and any other owners of the home (such as a spouse) must be at least 62 years of age
  • The home must be your principal residence
  • You must not be delinquent on any federal debt
  • You must discuss the program with an independent counselor who’s approved by the Department of Housing and Urban Development (HUD) and from a HUD-approved agency
 

To learn more about the benefits of a reverse mortgage from FAR—and how it may help you secure long-term financial independence— please contact us today. Call toll-free 877-271-1421

To learn more about the benefits of a reverse mortgage from FAR—and how it may help you secure long-term financial independence— please contact us today. Call toll-free 877-271-1421