Reverse Mortgage Programs

Your Home Has Earned This.
So Have You.

Convert your home equity into tax-free cash — with no monthly mortgage payments required. Stay in the home you love and fund retirement on your own terms.

📅 Schedule a Free Consultation 📞 844-786-1865

62+ Minimum Age

$0 Monthly Payments

180+ Wholesale Lenders

25yr Experience

What Is a Reverse Mortgage?

Turn Decades of Equity Into Financial Freedom

A reverse mortgage is a loan that allows homeowners aged 62 or older to convert a portion of their home equity into cash — without selling their home or making monthly mortgage payments.

The most common type is the Home Equity Conversion Mortgage (HECM), insured by the FHA and regulated by HUD. With a reverse mortgage, the lender pays you — drawing on the equity you've built over a lifetime of homeownership.

The loan is repaid when you sell the home, move out permanently, or pass away. Until then, you remain the owner. The title stays in your name. You simply access the wealth your home has already built.

Apply & Get Appraised We submit your application and your home is appraised to determine current market value and available equity.

Choose Your Payout Select lump sum, monthly payments, line of credit, or a combination — whatever fits your retirement goals.

Complete HUD Counseling Required by law — an independent HUD-approved counselor ensures you fully understand the loan before closing.

Close & Receive Funds Close on your loan and start receiving your funds. No monthly mortgage payments — ever — for as long as you live in your home.

Stay & Enjoy Remain in your home for life. Maintain it, pay your taxes and insurance, and the loan stays in place indefinitely.

Key Benefits

Why Thousands of Retirees Are Choosing This

💰 Tax-Free Cash Funds received are generally not considered taxable income. Use the money however you choose — healthcare, travel, home improvements, or daily living.

🏠 Stay In Your Home You retain full ownership. The title stays in your name. You can never be forced out as long as you meet the loan terms.

📅 No Monthly Payments Eliminate your largest monthly expense. No required mortgage payments for as long as you live in the home.

🛡️ Non-Recourse Protection You'll never owe more than your home is worth. FHA insurance covers any shortfall — your heirs are never personally liable.

📈 Growing Line of Credit Any unused line of credit grows over time — giving you access to more funds the longer you wait to draw on it.

👨‍👩‍👧 Heirs Are Protected Remaining equity after the loan is repaid belongs to your estate. Heirs can repay the loan and keep the home if they choose.

Is This Right For You?

The Right Fit for the Right Person

A reverse mortgage isn't for everyone — and I'll never tell you it is if it isn't. But for these situations, it can be genuinely life-changing.

🏡

Retirees Who Want to Stay Put You love your home and want to age in place — but your monthly mortgage payment is eating into your retirement income. A reverse mortgage eliminates that payment entirely.

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Those Facing Healthcare Costs Medical expenses in retirement can be significant. A reverse mortgage provides a reliable source of funds to cover healthcare without depleting savings.

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Strategic Retirement Planners Financially savvy retirees use reverse mortgages to delay Social Security, preserve investments during downturns, and create tax-efficient income streams.

🏘️

Downsizers Buying a New Home The HECM for Purchase program lets you buy a new home using a reverse mortgage — with no monthly payments. Keep more cash in your pocket after the sale.

Flexible Payout Options

Receive Your Funds Your Way

💵 Lump Sum Receive all available funds at once. Great for paying off an existing mortgage or covering a major expense.

📆 Monthly Payments Receive a fixed amount each month — like a steady supplemental income for retirement.

💳 Line of Credit Draw only what you need, when you need it. The unused balance grows over time, increasing your available funds.

🔀 Combination Mix and match options to build a payout structure tailored to your specific retirement goals.

Qualification Requirements

Do You Qualify?

Requirements are straightforward — here's what you need to be eligible for a reverse mortgage.

✓

Age 62 or OlderAll borrowers on the title must meet this requirement.

✓

Primary ResidenceThe home must be your primary residence — not a vacation home or investment property.

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Significant Home EquityMost borrowers need at least 50% equity in their home to qualify.

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FHA Property StandardsSingle-family homes, HUD-approved condos, and multi-unit properties (up to 4 units) may qualify.

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HUD-Approved CounselingRequired by law. An independent counselor ensures you fully understand the product before proceeding.

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Taxes, Insurance & MaintenanceYou must stay current on property taxes, homeowner's insurance, and basic home upkeep.

Reverse Mortgage Estimator

How Much Could You Access?

This estimator gives you a ballpark figure based on your age and home value. Actual amounts depend on current interest rates and lender guidelines.

Your Age 70

6290

Home Value $500K

$100K$2M

Existing Mortgage Balance $50K

$0$500K

Estimated Available Funds $237,500 Estimated net proceeds after paying off existing mortgage. For illustration only.

Principal Limit (Est.) $287,500

Existing Mortgage Payoff -$50,000

Principal Limit Factor 57.5%

Ready for exact numbers?

Speak with Peter for a precise, personalized quote 📅 Get My Real Numbers

Common Questions

Everything You've Been Wondering

Will the bank own my home if I get a reverse mortgage?+

Absolutely not. You retain full ownership of your home throughout the life of the loan. The title stays in your name, just like with any other mortgage. The lender holds a lien on the property — nothing more.

What happens to my home when I pass away?+

When you pass away, your heirs have options. They can sell the home and use the proceeds to repay the loan — keeping any remaining equity. Or they can repay the loan themselves and keep the home. Since it's a non-recourse loan, they'll never owe more than the home is worth.

Can I be forced out of my home?+

No. As long as you live in the home as your primary residence, maintain the property, and stay current on property taxes and homeowner's insurance, you cannot be forced to leave. The loan does not become due until you permanently vacate the home.

Will a reverse mortgage affect my Social Security or Medicare?+

Reverse mortgage proceeds are considered loan advances — not income — so they do not affect Social Security or Medicare benefits. If you receive needs-based assistance like Medicaid or SSI, consult a financial advisor about how funds should be managed to preserve eligibility.

What if I still have a mortgage on my home?+

You can still qualify for a reverse mortgage even if you have an existing mortgage balance. The reverse mortgage proceeds will first be used to pay off your existing mortgage — eliminating that monthly payment — and you'll receive the remaining funds. This is one of the most powerful uses of a reverse mortgage.

Why use a broker instead of going directly to a bank?+

As an independent broker with access to 180+ wholesale lenders, I can shop your loan across multiple options to find the best rate, lowest fees, and most favorable terms — something a retail bank simply cannot do. You get wholesale pricing instead of retail markup, and someone who works for you — not for a bank.

Let's Find Out If a Reverse Mortgage
Is Right For You

No pressure. No obligation. Just 25 years of honest expertise and a genuine conversation about what works best for your retirement.

📅 Schedule a Free Call 📞 844-786-1865 📧 [email protected]

📅 Book My Free Consultation

This page is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products, terms, and eligibility requirements vary and are subject to change. Please consult a licensed financial advisor and a HUD-approved housing counselor before making any financial decisions. Optimized Home Loans powered by Barrett Financial Group, L.L.C. | NMLS #181106 | Equal Housing Lender. Peter Seroter NMLS #997692.

Thank you for choosing us. We are dedicated to helping you achieve your homeownership goals with personalized service and expert guidance. For more information or assistance, feel free to reach out to us anytime!