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

 

 

Step By Step – The Reverse Mortgage Process

For homeowners age 62 or older, a reverse mortgage offers a way to convert some of the equity in your home into tax-free* cash. The funds can be used any way you wish, including supplementing your income, paying for a large expense, or preparing for future needs.

As you explore your reverse mortgage options with Finance of America Reverse, LLC (FAR), an experienced Reverse Mortgage Specialist will serve as your guide throughout the entire loan process. Here’s a basic overview of what you can expect:

  • Education
    • To help you make an informed decision, he or she will answer all your questions, thoroughly explain everything, and serve as your guide through the whole loan process
    • We encourage you to include your trusted advisor(s) in your decision-making
  • Independent counseling (in-person or by phone)
  • Application
  • Property appraisal, loan processing and approval
  • Closing
  • Loan funds and you’ll receive your proceeds

The process is easy, and your FAR Reverse Mortgage Specialist will assist you all the way.

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

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Privacy Policy     |     Texas Consumer Complaint and Recovery Fund Notice
© 2021 Finance of America Reverse, LLC

1 Not tax advice. Consult a tax professional.
2 If the borrower does not meet loan obligations such as taxes and insurance, then the loan will need to be repaid.

This material is not from HUD or FHA and has not been approved by HUD or any government agency.
Finance of America Reverse, LLC is Licensed Mortgage Banker in the State of New York, but this website has not been approved by the New York State Department of Financial Services. Until this website is authorized by the New York State Department of Financial Services, no mortgage loan applications for properties located in New York can be accepted through this site.

Please note that any information provided will be deemed confidential & shall not be reproduced or sold to a third party company. By sending any information, you grant an unrestricted, irrevocable license to use the information to accommodate your requests. FHA Mortgagee ID# 21249. Information provided by Finance of America Reverse, LLC. Not endorsed by or affiliated with any governmental agency. CALIFORNIA BUSINESS NAME: Finance of America Reverse, LLC. NEBRASKA BUSINESS NAME: REVERSE IT! LLC. FAR67

Finance of America Reverse LLC NMLS #2285 (www.nmlsconsumeraccess.org); Corporate Office: 8909 South Yale Avenue, Tulsa, OK 74137; Arizona Mortgage Bankers License #0921300, Mortgage Bankers Branch License #0117862 - 625 West Southern Ave., Suite E171, Mesa AZ 85210; Licensed by the California Department of Business Oversight under the California Residential Mortgage Lending Act ; Licensed under the California Department of Business Oversight under the California Finance Lenders Law; Colorado: To check the status of your Colorado loan originator, visit http://www.dora.state.co.us/real-estate/index.htm; Georgia Residential Mortgage Licensee #23647, 8909 South Yale Avenue, Tulsa, OK 74137; Illinois Residential Mortgage License #MB6759657; Kansas Licensed Mortgage Company #MC0002210; Massachusetts Lender/Broker License MC2285: Finance of America Reverse LLC; Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the Missouri Division of Finance as a Mortgage Broker, 1201 Walnut, Suite 975, Kansas City, MO 64106; Licensed Mortgage Banker - NYS Department of Financial Services, 888 Veterans Memorial Highway, Suite 300, Hauppauge, NY 11788; Licensed by the New Hampshire Banking Department; Oregon License #ML-4805; Licensed by the New Jersey Department of Banking and Insurance; Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender; Licensed By the Virginia State Corporation Commission #MC-5413; Washington Consumer Loan Company License #50202. Also conduct business in AL, AR, CT, FL, ID, IN, KY, LA, ME, MD, MI, NE, NM, NC, OH, OK, PR, SC, TN, TX, UT, VT, WV, WI, and WY. Not all products and options are available in all states. Terms subject to change without notice. © 2015 Finance of America Reverse LLC. All Rights Reserved. EQUAL HOUSING LENDER.