For homeowners 55 and older (62+ for government-backed HECM programs). Access the equity in your home — with no required monthly mortgage payment. Available in both 1st and 2nd lien position depending on your situation.
62 & Better
A reverse mortgage lets eligible homeowners 62 and older tap into home equity without selling — and with no required monthly payment. We offer reverse mortgages in both 1st and 2nd lien position, so the right structure depends on your existing loans and goals.
A reverse mortgage is a loan available to eligible homeowners — typically 55 or older depending on the program — that allows you to convert a portion of your home equity into accessible funds without selling your home or making a monthly mortgage payment. Government-backed HECM (Home Equity Conversion Mortgage) programs require borrowers to be 62 or older; proprietary (private) reverse mortgage programs may be available starting at age 55 in qualifying states. The loan balance grows over time and is repaid when the home is sold, the borrower permanently moves out, or the loan otherwise becomes due.
We offer reverse mortgages in both 1st and 2nd lien position. A 1st position reverse mortgage replaces any existing mortgage — ideal if you have no mortgage or a small balance to pay off. A 2nd position reverse mortgage sits behind your existing first mortgage, letting you keep your current loan and rate in place while layering equity access on top of it.
Which structure is right for you depends on your existing mortgage, equity, and goals. We'll walk you through both options — no obligation.
1st position is best when you have no existing mortgage or a small balance — the reverse mortgage becomes your primary loan. 2nd position is best when you have a low-rate first mortgage you want to keep — the reverse mortgage layers behind it, adding equity access without touching your existing loan.
Email to Learn MoreThe process is the same whether the loan is structured in 1st or 2nd lien position. Lien position is determined during underwriting based on your existing mortgage and program eligibility.
Federal law requires all reverse mortgage borrowers to complete a counseling session with a HUD-approved independent counselor before proceeding. This protects you and ensures you fully understand the product.
We take your application and order an appraisal to determine the current market value of your home. This, combined with your age and existing mortgage balance, determines how much equity you can access.
The loan is underwritten for FHA/HUD compliance (for HECM products) or private investor guidelines. Lien position — 1st or 2nd — is determined based on your existing mortgage and the program structure that best fits your situation.
Once closed, you receive your proceeds as a lump sum, line of credit, monthly payments, or a combination. No monthly mortgage payment is required on the reverse mortgage — the balance accrues and is settled when the loan becomes due.
Important Disclosures
These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs. This is not an offer to enter into an agreement. Not all customers will qualify.
Let's have a conversation about whether a reverse mortgage — in 1st or 2nd position — makes sense for your situation. No pressure, no obligation — just clear information.
